During its grand opening week, Stickler\'s bicycle shop offers a \'wheel of discount savings.\'
After customers select the items they wish to purchase, they spin the wheel to determine the
discount they will receive. The wheel is divided into 12 slices. Six slices are red and award a
10% discount, three slices are white and award a 20% discount, and two slices are blue and
award a 40% discount. The remaining slice is gold and awards a 100% discount! What is the
probability that a customer gets at least a 40% discount?
A. 2/12
B. 3/12
C. 10/12
D. 9/12
E. 0.0625 During its grand opening week, Stickler\'s bicycle shop offers a \'wheel of discount
savings.\' After customers select the items they wish to purchase, they spin the wheel to
determine the discount they will receive. The wheel is divided into 12 slices. Six slices are red
and award a 10% discount, three slices are white and award a 20% discount, and two slices are
blue and award a 40% discount. The remaining slice is gold and awards a 100% discount! What
is the probability that a customer gets at least a 40% discount?
Solution
If all the slices are of equal size, the probability of landing in any one of them is the same,i.e.,
1/12 since there are 12 slices.
At least 40% discount means 40 or 100. There are 3 such slices.
So the required probability is 3/12 (option B).
During January, Luxury Cruise Lines incurs employee salaries of $2.7.pdf
1. During January, Luxury Cruise Lines incurs employee salaries of $2.7 million. Withholdings in
January are $206,550 for the employee portion of FICA, $405,000 for federal income tax,
$168,750 for state income tax, and $27,000 for the employee portion of health insurance
(payable to Blue Cross/Blue Shield). The company incurs an additional $167,400 for federal and
state unemployment tax and $81,000 for the employer portion of health insurance.
1.Record the employee salary expense, withholdings, and salaries payable.
2.Record the employer-provided fringe benefits.
3.Record the employer payroll taxes.
Solution
Ans) 1)
2) Fringment banefit
27000+81000=108000
3) Payroll Tax i.e Fedral tax 405000+167400=572400ParticularAmountSalary
Exp2700000ATotal2700000Withholdings206550Fedreal Tax405000Income
tax168750BTotal780300Salary payable(A-B)1919700
