Answer:
Net operating income will increase by $3664.
Explanation:
Credit card sales = $11.200
Card fees = 3% * $11.200 = $336
Cost of goods sold = $7.200
Net operating income = Sales - Cost of goods sold - card fees
Net operating income = $11.200 - $7.200 - $336 = $3664.
So, net operating income will increase by $3664.
Answer:
P = $75 per club
n= 75,000 clubs
Explanation:
The demand and supply functions are:

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

The number of units sold at that price is:

The bigger the house is the better for you
Answer:
A. Check attachment for proportion hypothesis test
B. Type I error is to conclude that less than 50% of adults in Suva have a will when actual probability is less than 0.5
Probability of type I error= significance level= 0.05
C. If type I error is zero, then we would not be able to reject the null hypothesis