An airline sells 120 tickets for a flight that seats 100. each ticket is non-refundable and costs $200. the unit cost of flying a passenger (fuel, food, etc.) is $80. if the flight is overbooked, each person who does not find a seat is given $300 in cash. assume it is equally likely that any number of people between 91 and 120 show up for the flight. rounded to the nearest thousand (e. g., 18500 rounds to 19000), on the average how much expected profit (ignoring fixed cost) will the flight generate?

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:

The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio