Answer:
The correct answer is C.
Explanation:
Giving the following information:
Cash inflows:
Year 1= $11,000
Year 2= $24,000
Year 3= $36,000
To calculate the present value, we need to use the following formula:
FV= PV*(1+i)^n
Isolating PV:
PV= FV/(1+i)^n
Year 1= 11,000/(1.12)= $9,821.43
Year 2= 24,000/(1.12^2)= $19,132.65
Year 3= 36,000/(1.12^3)= $25,624.09
Total= $54,578.17
Answer:
monopolistically competitive industry.
Explanation:
this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated
Answer:
Total current assets $83,580
Explanation:
The preparation of the current assets section of the balance sheet is shown below:
<u>Current Assets Amounts </u>
Cash $22,360
Debt investments(short term) $17,360
Accounts receivables $30,100
Supplies $8,170
Prepaid Insurance $5,590
Total current assets $83,580
Answer:
The answer is below
Explanation:
The z core is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
, x = raw score
Given that mean (μ) = 15 minutes per car, standard deviation (σ) = 2.4 minutes.
1) For x > 18:
From normal distribution table, P(x > 18) = P(z > 1.25) = 1 - P(z < 1.25) = 1 - 0.8944 = 0.1056
2) For x < 10:
From normal distribution table, P(x < 10) = P(z < -2.08) = 0.0188
3) For x > 12:
For x < 16:
From normal distribution table, P(12 < x < 16) = P(z < 0.42) - P(z < -1.25) = 0.6628 - 0.1056 = 0.5572
