Alabama this winter was socked in with snow which closed highways, stores and schools for weeks. Because of the road closures, s

Response:

The solution is: c. $ 27,000.

Clarification:

A breach of contract occurs when either side fails to abide by the contractual terms without a valid reason.

One type of breach is called the Material.

This refers to any party's failure to meet their contractual obligations, recognized as one of the most severe breaches. If a significant term is breached, the injured party may seek compensation.

In this scenario, since there was a contract involving a monetary disbursement that was not honored by the other party, Tyrion has grounds to claim damages in addition to what was originally paid, entitling him to recover $ 27,000 from Alchemist.

The solution is: c. $ 27,000.

Answer:

Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

Explanation:

The bond issue price is calculated as ($10 million * $101) = $10,100,000

The bond's face value is = $10,000,000

The bond premium equals $10,100,000 - $10,000,000

Thus, the bond premium is $100,000

                                   Journal entry

                                                    Debit                   Credit

Cash                                        $10,100,000

Premium on bonds payable                                $100,000

Bonds payable                                                     $10,000,000

Conclusion: Therefore, upon issuance, Ozark should "Credit premium on bonds payable $100,000"

Answer:

• As explained below, with the individual’s score in the 0.03125 fraction of top candidates, they can anticipate securing a position.

Explanation:

Utilizing Chebyshev’s Theorem is key.

This theorem is valid for any dataset, irrespective of its shape.

Chebyshev's Theorem states that at least 1−1/k² of the data falls within k standard deviations from the mean.

For this data set, the specifics are:

• mean: 60
• standard deviation: 6
• score: 84

The number of standard deviations that 84 is from the mean can be calculated as:

• k = (score - mean) / standard deviation
• k = (84 - 60) / 6 = 24 / 6 = 4

Hence, the individual’s score is 4 standard deviations above the mean.

How significant is this?

According to Chebyshev’s Theorem, at least 1−1/k² of the data is within k standard deviations from the mean. Setting k = 4 gives us:

• 1 - 1/4² = 1 - 1/16 = 0.9375

• This implies that half of 1 - 0.9375 exceed k = 4: 0.03125

• Consequently, 1 - 0.03125 is below k = 4: 0.96875

With 70 job openings and 1,000 applicants, the ratio is 70/1,000 = 0.07, indicating the company seeks the top 0.07 of applicants.

Given the individual scores in the top 0.03125 of applicants, they can expect to obtain a job.