When you think of time, you may look at your clock to see what time it is. Say the clock reads 12:25 am, and you're feeling hungry. You happen to have $11.25 in your wallet. This makes you think of the relationship between the money and time
How could money relate to time? Well, time only goes through a sixty minutes an hour. But, while the time goes, you can think, "it's a quarter past 12." This would represent 12:25 p.m.
A quarter is money, and it was a quarter past 12. That is one way you could relate time to money. You could say, 11:25, 10:25, 9:25, and it could still mean a quarter past 11, 10, 9. "Quarter doesn't have the same meaning for both different terms, but we use the same vocabulary for both!
Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000
disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)
Good luck!
Answer:
However, Gilberto's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Gilberto lets them know how many workers he needs for each day of the week. In the short run, these workers are <u>VARIABLE</u> inputs, and the ovens <u>FIXED</u> inputs.
Explanation:
In the long run, all inputs are variable. E.g. in 5 years Gilberto might build his own pizza place and he will be able to make the kitchen as large as he wants.
But in the short run, some inputs are variable because they can be changed immediately, e.g. the number of workers changes on a weekly basis. While other inputs are fixed, and cannot be changed, e.g. Gilberto has a two yer lease contract for the ovens, so he will continue to use these ovens until the lease expires (in 2 years).
The long run and short doesn't depend on time, but on the ability of being able to change the inputs consumed by a business. The long run might represent 10 years for a company that signed a 10 year lease contract.
Answer:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Explanation:
A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.
A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.
It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.
Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.
This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.
Hence, the correct option is:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
B. False. There are usually multiple choices depending on credit score and such.
