Answer: 2.32 people per hour
Explanation:
From the question, we are informed that Bobby the Barber is thinking about advertising in the local newspaper since he is idle 45 percent of the time and that currently, customers arrive on average every 40 minutes.
For Bobby to be busy 85 percent of the time, the arrival time needs to be 2.32 people per hour.
Check the attached file for the solution.
Answer:
D. $220,000
Explanation:
In order to calculate the selling price of each of the remaining 6 homes, we need to do the following calculations shown below:
As the average of 15 homes is $200,000 each. Therefore, the total price would be
= $200,000 × 15
= $3,000,000
Now for 4 houses, the selling price would be
= $170,000 × 4
= $680,000
And for 5 homes, the selling price would be
= $200,000 × 4
= $1,000,000.
Now the selling price for 6 homes would be
= $3,000,000 - $680,000 - $1,000,000
= $1,320,000
And the average would be
= $1,320,000 ÷ 6 homes
= $220,000
Answer:
$411235
Explanation:
the amount he will have at the end of the thirtieth year F = P × ( (1+r)^n -1) / r
where P = $ 2500
r = 10% = 0.1
n = 30 years
F = $ 2500 ( ( 1 + 0.1) ³⁰ - 1 ) / 0.1 = $41135
Answer:
The after tax real interest rate of interest is 2%
Explanation:
The after tax real interest rate is computed as follows:
Given,
Nominal interest rate is 5%
Inflation rate is 2%
Computing before tax real interest rate as:
Before tax real interest rate = Nominal interest rate - Inflation rate
= 5% - 2%
= 3%
Computing tax:
= 20% tax on nominal interest rate
= 20% × 5%
= 1%
Now, computing after tax real interest rate as:
After tax real interest rate = Before tax real interest rate - Tax
= 3% - 1%
After tax real interest rate = 2%
Answer:
it depends on your passion and the amount of attention you give