An oil company is planning to drill three exploratory wells in different areas of West Texas. The company estimates that each of these wells, independent of the others, has about a 30% chance of being successful.
How many of the wells can the company expect to be successful?
What will be an ideal response?
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Concerning the exchange rate index of the U.S. dollar, suppose that the dollar's real exchange rate index falls from 125 to 110. This means that
a. U.S. goods are less competitive on foreign markets. b. U.S. goods are more competitive on foreign markets. c. the dollar has appreciated against the currencies of its major trading partners. d. U.S. price levels are identical to its trading partners.
A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales $90,000 Costs: Manufacturing$52,000 Depreciation on machine 4,000 Selling and administrative expenses 30,000 (86,000) Income before taxes $4,000 Income tax (50%) (2,000) Net income $2,000
A. 24 years. B. 12 years. C. 1 year. D. 4 years. E. 6 years.
Barney wants to rent an apartment and posts an advertisement in a classifieds website. Two days later, Michael, who wants to rent out his apartment, e-mails Barney and they finalize the deal over the Internet
Barney pays Michael through an online transfer. This is an example of ________. A) e-licensing B) e-commerce C) cybersquatting D) spamming
The Knights of Labor was an exclusive union that allowed only certain types of workers to join its ranks while not allowing other types of workers (e.g., women and minorities) to join.
Answer the following statement true (T) or false (F)