Provide an appropriate response.With this method of inventory valuation, the cost of the ending inventory is determined using the most recently purchased goods.
A. average
B. LIFO
C. FIFO
D. retail
Answer: C
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Solve the problem.An arch in the form of a semiellipse is 52 ft wide at the base and has a height of 20 ft. How wide is the arch at a height of 12 ft above the base?
A. 17.7 ft B. 20.8 ft C. 35.5 ft D. 41.6 ft
Find the center and radius of the circle.x2 + y2 = 16
A. Center: (0, 0), radius: 16 B. Center: (1, 1), radius: 4 C. Center: (1, 1), radius: 16 D. Center: (0, 0), radius: 4
Solve the problem.A vendor sells hot dogs, bags of potato chips, and soft drinks. A customer buys 2 hot dogs, 4 bags of potato chips, and 3 soft drinks for $9.00. The price of a hot dog is $1.50 more than the price of a bag of potato chips. The cost of a soft drink is $3.00 less than the price of two hot dogs. Find the cost of each item.
A. $2.25 for a hot dog; $0.75 for a bag of potato chips; $1.00 for a soft drink B. $2.00 for a hot dog; $0.50 for a bag of potato chips; $1.00 for a soft drink C. $0.50 for a hot dog; $2.00 for a bag of potato chips; $1.00 for a soft drink D. $2.00 for a hot dog; $1.00 for a bag of potato chips; $0.50 for a soft drink
Find the expected value.Mr. Cameron is sponsoring an summer concert. He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain. The weather bureau predicts the chance of rain is 0.34 for the day of the concert. An insurance company is willing to insure the concert for $150,000 against rain for a premium of $30,000. If he buys this policy, what are his expected earnings from the concert?
A. $180,000 B. $300,000 C. $270,000 D. $239,400