The SB Instrument company makes three types of string instruments: mandolins, dobros and ukuleles, and they are trying to maximize their profits. The availability of the two major inputs, labor and hardwood, are constrained, and the requirements for each product are presented in the screen shot below. What is the maximum profit the company can earn under these constraints

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."

Someone who needs financial planning.

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.