Appearance
question:What was the name of the art school where Yayoi Kusama studied in Japan and when was it established?
answer:Yayoi Kusama studied at the Kyoto City University of Arts, which was established in 1880 as the Kyoto Prefectural School of Painting.
question:Suppose an urn contains balls of three different colors: red, blue, and yellow. The percentage of blue balls is 25%. If we pick a ball and it's blue, we win 50. If it's red, we lose 10, and if it's yellow, we neither win nor lose anything. What should be the percentage of red balls for the game to be fair (i.e., the expected gain is zero)?
answer:Let p_r be the percentage of red balls. The expected gain is: E[G] = 50(0.25) - 10p_r + 0(1 - 0.25 - p_r) For the game to be fair, we need E[G] = 0, so: 50(0.25) - 10p_r = 0 Solving for p_r, we get: p_r = frac{50(0.25)}{10} = 1.25 Since p_r represents a percentage, it cannot be greater than 1. Therefore, it is not possible for the game to be fair with the given parameters.
question:What is the sale price of a computer that normally costs 600 euros and is on sale for 35% off?
answer:To calculate the sale price, we need to multiply the original price by the discount percentage and then subtract the result from the original price. Sale price = Original price - (Original price * Discount percentage) Sale price = 600 - (600 * 0.35) Sale price = 600 - 210 Sale price = 390 Therefore, the sale price of the computer is 390 euros.
question:Prepare a retained earnings statement for Morocco Inc. for the fiscal year ending April 30, 2012, given the following data: - Beginning retained earnings on May 1, 2011: 2,870,000 - Net income for the year ended April 30, 2012: 530,000 - Cash dividends declared during the year: 80,000 - Stock dividends declared during the year (assuming a market value of the stock dividend is equal to the book value): 220,000
answer:Statement of Retained Earnings Retained earnings, beginning balance 2,870,000 Net Income 530,000 Cash dividends declared (80,000) Stock dividends declared (assuming no change in value) (220,000) Retained earnings, ending balance 3,100,000 Note: The stock dividends have no impact on the retained earnings balance as they merely represent a transfer of retained earnings from one equity account to another (from retained earnings to common stock). The assumption here is that the market value and book value of the stock dividend are equal. If not, the impact would need to be adjusted accordingly.