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AlladinOne [14]
4 years ago
13

A high school basketball team won 40% of its first 15 games. beginning with the 16th game, how many games in a row does the team

now have to win in order to have a 55% winning record?
Business
1 answer:
Ierofanga [76]4 years ago
7 0
  If the team won 40% of its first 15 games then the number of the winning games was:  15 * 0.4 = 6. Therefore the team lost 15 - 6 = 9 games.
  So the number of the lost games stays the same while the team wins new games in the row. They have to achieve 55% wins, so 100% - 55% = 45% is the new percent of lost games.
  x * 0.45 = 9
  x = 9 : 0.45
  x = 20
  20 - 15 = 5
  Answer: The team have to win 5 games in a row in order to have 55%
 winning record. 
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Taylor and Sons buys equipment on Aug. 1, 2008 for $100,000 cash. They estimatethe equipment will have a salvage value of $13,00
larisa86 [58]

Answer:

Journal Entry

Dr.  Depreciation Expense        $7,250

Cr. Accumulated Depreciation $7,250

Explanation:

Depreciation is a expense which is charged against an asset over its useful life due to wear and tear of that asset. This expense is recorded as and Expense in Income statement and accumulated in an contra asset account asset account until the disposal of the asset.

Cost of Equipment = $100,000

Useful life of the asset = 5 years

Salvage value of the asset = $13,000

Depreciable value of the asset will be expenses equally every year over 5 years.

Depreciable value = Cost of the asset - Salvage value = $100,000 - $13,000 = $87,000

Depreciation Expense = Depreciable Value / Useful Life of the asset = $87,000 / 5 years = $17,400 per year

As only 5 month have been passed in 2008, the depreciation expense account will be charged as follow

Depreciation charge in 2008 = $17,400 x 5 / 12 = $7,250

8 0
4 years ago
How can verbal feedback affect customer encounters? Give 3 real lifelexamples. (good or bad) Follow the​
yawa3891 [41]

Explanation:

Example 1: the numeric NPS response

Everyone loves a handy dandy NPS survey. They give you an easy glimpse into how your customers are thinking about your brand or your business, and quantify just how happy they are with your services.

But, not all NPS surveys or responses are created equal.

Let’s say your business sends out an NPS survey to a random sample of customers. Of that sample, 65% are promoters (and gave you a 9-10 rating), 25% are neutral (a 7-8 rating), and 10% are detractors (a 0-6 rating). Of that sample, only a handful of the promoters wrote feedback about why they picked the score they did. The rest simply clicked a number and then went about their day.

Where do you go from here? How can you convert those neutral customers into promoters, and raise the bar for the detractors to bring them closer to your ideal score without written feedback?

NPS is helpful, but only when it gives you a clear picture of what your customer was thinking and provides tangible feedback you can incorporate into your organization.

Example 2: a “yes” or “no” response to an FCR survey

Now, let’s say every time a customer creates a Support ticket, your organization sends an automated First Contact Resolution survey once the ticket is closed.

Most often, a FCR survey is just one question – Were we able to help you resolve your issue? – with a simple “yes” or “no” response.

Receiving a “yes” is, of course, great – it means your agents were able to help your customer get to the bottom of their issue and helped make their day a little better. Receiving a “no,” on the other hand, is the exact opposite; it means your agents weren’t able to successfully meet the needs of your customer, and they’ve been left frustrated by the experience, with their issue still unresolved.

So what happens after a “no”?

Depending on what you use to capture FCR. it could be nothing. “No” responses are simply filed away in a folder, maybe you ping your agents to get more context on the particular issue, and everyone pretends it didn’t happen.

If you want to turn those “no” responses into actionable customer feedback, however, it’s crucial to have tools for your business like Service Recovery.

With Service Recovery, you have the ability to flag any “no” responses and fire off a follow-up survey to your customer, get more clarity from them on how you missed the mark, and dig in deeper to resolve their issue.

Plus, you get the added benefit of being able to re-survey your customers, which means even more insight for your team on the value of being able to circle back on negative FCR responses.

Win, win, and win.

8 0
2 years ago
Atlantic Corporation reported the following amounts at the end of the first year of operations: common stock $200,000; sales rev
Hoochie [10]

Answer:

D. Retained earnings are $ 280,OOO and expenses incurred totaled $ 520,000.

Explanation:

We need to consider the accounting equation to determine the amount of retained earnings at end of year.

The accounting equation being:

Assets = Liabilities +  Stockholders' Equity

$ 600,000 = $ 320,000 + Stockholders' equity

so the Stockholders Equity is $ 280,000

For determining expenses, we use the following equation:

Revenue - Expenses = Net Income

Being the first year of operations, the net income equals to the retained earnings

$ 800,000 - Expenses = $ 280,000

So expenses are $ 800,000 - $ 280,000 = $ 520,000

7 0
4 years ago
Beginning at age 27, Kimberly invests $2000 per year for ten years and then never sets aside another penny. Kaitlyn waits ten ye
zavuch27 [327]

Answer:

Kimberly will have $27,632.90 while Kaitlyn will $188,921.57  at age 67.

Explanation:

The relevant formula to use here is the formula for the Future Value (FV) of an Annuity FVA.

The future value of an annuity refers to the value at a specific date in the future of an investment or payment that recur regularly over a certain period.

The formula for calculating FVA is as follws:

FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)

Where,

FV = Future value of an annuity or investment stream

M = Amount of each annuity

r = Interest rate

n = number of periods the investment will be made

FV of Kimberly:

Since Kimberly will never sets aside another penny after 10 years, we have:

M = $2,000

r = 7% = 0.07

n = 10

Substituting the values for Kimberly into equation (1), we have:

Kimberly FV  = 2,000 × {[(1 + 0.07)^10 - 1] ÷ 0.07}

                     = 2,000 × {[(1.07)^10 - 1] ÷ 0.07}

                     = 2,000 × {[1.96715135728957 - 1] ÷ 0.07}

                     = 2,000 × {0.96715135728957 ÷ 0.07}                    

                     = 2,000 × 13.8164479612795  

Kimberly FV = $27,632.90

FV of Kaitlyn:

M = $2,000

r = 7% = 0.07

n = 30

  Kaitlyn FV  = 2,000 × {[(1 + 0.07)^30 - 1] ÷ 0.07}

                     = 2,000 × {[(1.07)^30 - 1] ÷ 0.07}

                     = 2,000 × {[7.61225504266203 - 1] ÷ 0.07}

                     = 2,000 × {6.61225504266203  ÷ 0.07}

                     = 2,000 × 94.4607863237433  

   Kaitlyn FV = $188,921.57  

Therefore, Kimberly will have $27,632.90 while Kaitlyn will $188,921.57  at age 67.

8 0
4 years ago
Sheridan Company sells merchandise on account for $1600 to Borth Company with credit terms of 2/12, n/30. Borth Company returns
Gekata [30.6K]

Answer: $1,274

Explanation:

Credit terms of 2/12, n/30 mean that the buyer is allowed a 2% discount if they pay in 12 days otherwise they would have to pay the full figure in 30 days.

Borth returned $300 so the net merchandise value they bought it;

= 1,600 - 300

= $1,300

Check was sent within discount period;

= 1,300 * ( 1 - 2%)

= $1,274

7 0
3 years ago
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