In the BIG BUCKS LOTTERY, the chance of winning a $10 prize is 1%. What is your best guess about how many people would win a $10

Answer:

An essential business continuity document

Explanation:

The business continuity plan is vital for safeguarding against potential threats that could disrupt operations.

This written document is crucial for small enterprises.

Carla's business continuity plan should encompass:

1. identification of critical business processes required for rapid operational restoration post-incident, including necessary resources.

2. assessment of possible crises that could impact the business, along with strategies to mitigate the risk of said disasters.

As staff have previously received training on their roles during emergencies, they should implement their learning effectively.

For instance, if there's a risk of an attack that could disrupt power supply, Carla should install a backup generator to handle potential outages.

To adjust for Rent Receivable:

Sanborn Company has a tenant paying $3,100 monthly for renting space. The tenant has outstanding rent for November and December, which results in a total Rent Receivable on December 31 of (3100*2) = $6,200

Consequently, the adjusting entry on December 31 should be recorded as follows:

Rent Receivable Debit $6,200

Rent Revenue Credit $6,200

(Reflecting adjustment for rent receivable)

Answer:

The answer is $59.50.

Explanation:

The calculations based on the scenario are as follows:

Profit on futures price = After futures price - before futures price

$63.50 - $59

= $4.50

Thus, the effective price that the company pays can be calculated using this formula:

Effective price paid = Spot price in July - Gain on futures price

= $64 - $4.50

= $59.50

Here are the steps outlined below: Explanation: Two possible sites are being considered: Bonham: Fixed costs total $820,000 with variable costs at $15,000 per unit. McKinney: Fixed costs are $920,000 and variable costs are $13,900 per unit. Setting the equations: Bonham = 820,000 + 15,000x; McKinney = 920,000 + 13,900x. Solving these gives us

820,000 + 15,000x = 920,000 + 13,900x. This results in

1,100x = 100,000, thus x = 91 units. For the break-even analysis: 1) Break-even point = fixed costs / contribution margin for Bonham: 820,000 / (28,000 - 15,000) = 63 units. Similarly, for McKinney, the break-even is 920,000 / (28,000 - 13,900) = 65 units.

D