Increase the price to make more money to be able to afford oil.
Answer:
Revenue
Explanation:
The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.
Hope this helps.
The net profit is the money that a business earns after the deduction of the expenses for a period of time.
<h3>How to calculate the net profit?</h3>
Your information is incomplete as the data is missing. Therefore, an overview will be given. In order to calculate the net profit, it's important to know the gross profit.
The formula to calculate the net profit will be:
= Total revenue - Total expenses
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Answer:
15.7 years
Explanation:
We employ a mathematical approach to solve this;
Present value (PV) of $10 per year at start of year, for n years = $100 (lifetime subscription, life = n years)
Now, we need to get the equivalent amount at the end of each year. This is obtainable from the cost of capital. Which is 7% and that is same as 0.07.
Therefore, we are expecting a value of 1+0.07 = 1.07 and this brings the equivalent amount at the end of each year = 10*1.07
Now, this equivalent amount at the end of each year will give;
(10*1.07)(1.07^n - 1)/(0.07*1.07^n) = 100
Where n is the number of years
n = 15.7 years
Answer:
Mary should answer that more than half of the boxes not be rejected.
Explanation:
Probability:
Box has one defective screen = 0.6
Box has three defective screen = 0.4
no. of screens in a box = 8
The box is rejected if both of the inspected screens are defective.
Probability of rejecting a box:
= 0.04286
Only 4.286% of the boxes will be rejected.
Therefore, Mary should answer that more than half of the boxes not be rejected.