An online gambling site offers a first prize of $45 comma 000 and two second prizes of $10 comma 000 each for registered users when they place a bet. a random bet will be selected over a 24-hour period. one million bets are received in the contest. find the expected winnings if you can place one registered bet of $3 in the given period. let x be the amount of the net winnings. what are the possible values of x?

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .