Answer:
Fund X 311.87
Fund Y 172.41
<u>Total at end of year two $559,46</u>
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Explanation:
We will solve this like a math exercise with an equation system:
we can solve the factor and solve for each variable:
On the second equation we clear for X
X = 1,808834394785938Y
Now we express this value on the first equation
2.20803966361485X + 1.80611123466941Y =1,000
2.20803966361485(1,808834394785938Y) + 1.80611123466941Y =1,000
<u>And solve for Y</u>
5.800Y = 1,000
Y = 172,413793103
And now we solve for X
X = 1,808834394785938 Y
X = 1,808834394785938 (172,413793103) = 311,867999
We can check if this is correct:
We have 1 cent for rounding errors so we could say we are okay.
Now we can proceed to calculate the total at the end of year two
Amount = 365.41 + 194.05 = 559,46
Accounts receivable turnover = 10
Annual credit sales = $900,000
Average collection period = ?
Average collection period = 365 / Accounts receivable turnover rate
As Account receivable turnover rate is 10, so we divide 365 by 10
= 365/10 = 36.50 days
it means, 36.50 days is the average collection period.
Answer:
Ethan can finish his degree without debt if he works part time after his studies and earns at least $9,000 which is his university fee.
Explanation:
Ethan is developing strategies to finance his studies. He do not wishes to secure loan to pay his fee. He can work part time and earn some amount which he should save in order to pay off his fee. He can earn more money by selling some goods that he can make on his own. Some art and craft things that are admired by people can bring him money.
I think it c market analysis
Answer:
We fail to reject the Null hypotheses that the average amount of money a typical college student spends per day is less than $70.
Explanation:
A professor of statistics claimed that the average amount of money a typical college student spends per day during social distancing at home is over $70.
Based upon previous research, the population standard deviation is estimated to be $17.32.
The professor surveys 35 students and finds that the mean spending is $67.57.
Is there evidence that the average amount spent by students is less than $70?
For the given problem the Null hypotheses is that the average amount of money a typical college student spends per day is less than $70.
For the given problem the Alternate hypotheses is that the average amount of money a typical college student spends per day is over $70.
The test statistic is given by
Where X_bar is the sample mean spending that is $67.57, μ is the average population spending that is $70, σ is the standard deviation that is 17.32 and n is the sample size that is 35.
The p-value corresponding to the z-score of -0.83 at significance level 0.10 is found to be
p-value = 0.2036
Since 0.2036 > 0.10
We fail to reject the Null hypotheses that the average amount of money a typical college student spends per day is less than $70.