A Rhode Island Red just joined him up on the deck; what is the probability it is a rooster?
The gentleman farmer kept chickens for the eggs, the splash of color in the yard, and because he found their gentle clucking to relax him as he worked on his laptop on his deck. Their movements around his yard gave meaning to the term random walk — you literally could not predict their location from one minute to the next. His collection of birds is neatly summarized in this table.
Breed Rooster Hen
Rhode Island Red 2 8
Buff Orpington 0 5
Barred Rock 0 6
Australorp 0 6
Leghorn 1 2
Answer: 2/10=0.2
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McConachie’s incremental annual after-tax operating cash flow is closest to:
McConachie Company is considering the purchase of a new 400-ton stamping press. The press costs $360,000, and an additional $40,000 is needed to install it. The press will be depreciated straight-line to zero over a five-year life. The press will generate no additional revenues, but it will reduce cash operating expenses by $140,000 annually. The press will be sold for $120,000 after five years. An inventory investment of $60,000 is required during the life of the investment. McConachie is in the 40 percent tax bracket. A. $116,000. B. $124,000. C. $140,000
Your personal balance sheet provides
A) an estimate of your net worth at a point in time. B) an illustration of how your wealth has changed over time. C) a summary estimate of your expenses and income over the previous year. D) a pro forma budget for the coming year.