In one country, there exists a food and drug administration that has veto power over the choice of drug names. Last year it used this power regularly, rejecting 37% of the names proposed by companies for reasons such as sounding too much like another product. Suppose that a company spends $300,000 developing each proposed name, but there's a 50-50 chance of a name being rejected. Complete part (a) (a) If the review of names occurs independently, what is the probability that the company will spend more than 5900,000 developing a name?

The probability is (Round to two decimal places as needed.)

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.