Answer:
$11881.4
Explanation:
Given :
Future value, FV = $15,000
Interest rate, r = 6%
Period, n = 4 years
Using the Present Value formula :
PV = FV(1 ÷ (1 + r)^n)
15000(1 ÷ (1 + r)^n)
15000(1 ÷ (1 + 0.06)^4)
15000(1 ÷ 1.06^4)
15000(1 ÷ 1.26247696)
15000(0.7920936)
= $11,881.4
Answer:
$1,010,000
Explanation:
Calculation of Pension Expenses
Particulars Amount
Service cost $520,000
Add: Amortized prior service expenses $105,000
Add: Settlement amount ($665,000) ($6,650,000*10%)
Less: Expected return <u>($280,000)</u> ($3,500,000*8%)
Pension Expense for 2021 <u>$1,010,000</u>
Answer:
0.1093 or 10.93%
Explanation:
The number of days before the company runs out of stock after placing an order (X) is:
Assuming a normal distribution with:
Mean (μ) = 6
Standard deviation (σ)=1.10
The z-score for X=7.353 is:
According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:
Answer:
The one with the larger sample size
Explanation:
Larger sample sizes provide more accurate mean values, identify outliers that could skew the data in a smaller sample and provide a smaller margin of error.
Answer:
Mio's foreign earned income exclusion s $94,361
Explanation:
The foreign earned income exclusion limit for 2016 is $101,300
So, the foreign earned income exclusion based on days equals to
= Foreign earned income exclusion limit × (2016 days ÷ total number of days in a year)
= $101,300 × (340 days ÷ 365 days)
= $94,361
We assume 365 days in a year as it is not given in the question