Answer:
[ $591.08, $1101.32 ]
Explanation:
Given:
Sample space = 200
Mean price = $846.20
Standard deviation, σ = $1,840.80
Confidence level = 95%
Now,
Confidence interval is given as:
⇒ Mean ± 
here, z value for 95% is 1.96 from the standard z table
Thus,
Confidence interval
⇒ $846.20 ± 
or
⇒ $846.20 ±
or
⇒ $846.20 ± 255.12
or
⇒ [ $846.20 - 255.12, $846.20 + 255.12 ]
or
⇒ [ $846.20 - 255.12, $846.20 + 255.12 ]
or
⇒ [ $591.08, $1101.32 ]
You believe your restaurant concept can generate $50,000 in net profit per year. Your investors demand at 20% return on investment. How much can you invest?
If your business generates $50,000 in net profit and the investors demand 20% return on investment to solve for how much the investors will get and how much you can invest follow the steps below:
How much the investors will get in return on investment (ROI):
($50,000)(20%) = $10,000 is what the investors will receive
How much can you invest:
$50,000 - $10,000 = $40,000 is what you can invest
Answer:
$14,100
Explanation:
The computation of the amount record estimated uncollectible accounts are shown below:
= Credit sales × estimated percentage
= $235,000 × 6%
= $14,100
We simply multiply the credit sales with the estimated percentage so that the accurate amount can come
The journal entry is shown below:
Bad debt expense A/c Dr $14,100
To Allowance for doubtful debts $14,100
(Being the adjusting entry is recorded)
Answer:
1. The question that you should ask during the development of strategic goals for the organization is:
a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?
2. The time-frame that the group should consider for this plan is:
b. Long-term (Five years or more)
Explanation:
A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals. These are backed up with the action plans for attaining the long-term goals. A strategic plan should involve the whole of the organization and remain futuristic. It does not concentrate on short-term objectives. Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.
Answer:
Explained briefly in the explaination box.
Explanation:
The amount of U.S. exportation has remained smaller since concerning from the year 1980. The U.S import rates decreased for the following sequential year meanwhile 1984, declining 1 .7 percent later a 2.5-percent decrease in 1983. The descending trend in import costs through the year, that was extra broad-based than in 1983 meanwhile aggregate price changes were predominately affected by lowering energy costs.
