(a) The weather forecast for the weekend is a 35% chance of rain for Saturday and a 30% chance of rain for Sunday. If we assume that consecutive days are independent events, What is the probability that it rains over the weekend (either Saturday or Sunday)? Please use 3 decimal places.

(b) In fact, weather on consecutive days depends on similar atmospheric conditions and therefore consecutive days are not independent events. With the weather forecast of the previous exercise, the probability that it rains over the weekend (either Saturday or Sunday) is

The blank is type of decision-maker who over analyzes information

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805