Answer:
The answer is (b) 47.77 inches
Explanation:
The first quartile is the 25th percentile, which is where 25% of the data falls. Since the data is normally distributed, we will use the formula
First step is to look up the z-value of 25% = 0.25 in the standard normal table. z-value of 0.25 ≈ -0.67.
Therefore, the height that represent the first quartile is given as 
.
Answer:
"$52,000" is the correct answer.
Explanation:
Given:
This year income,
= $40,000
Next year income,
= $60,000
Market interest rate,
= 10%
or,
= 0.1
Now,
The next year consumption will be:
= ![[40,000 - 30,000 - 50,000]\times 1.1 + (60,000 + 36,000)](https://tex.z-dn.net/?f=%5B40%2C000%20-%2030%2C000%20-%2050%2C000%5D%5Ctimes%201.1%20%2B%20%2860%2C000%20%2B%2036%2C000%29)
= 
= 
= 
($)
Answer:$200,000
Explanation:
The equivalent amount of wages in the area for the services performed by the volunteer represents the amount that was saved by the firm by using the volunteer for the execution of the services. The sum will be credited into the income statement through a journal and the amount actually paid to the volunteer will be debited to the income statement to leave a net income of $182,000.
Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would <u>increase to $75.</u>
Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.
In a market of perfect competition the companies are accepting price and will produce until the price is equal to the marginal cost so the price would rise to $ 75.
Cost of equity capital is closest to: 16 percent
Solution:
WACC is covered on page 120 Corporate Finance, under Capital Structure.
Using the standard equation for WACC = %wt Equity x cost of equity (re) + %wt Debt x cost of debt (rd).
Since there is a 20% tax rate for the firm, the cost of borrowing is reduced by that amount. So the cost of debt is 4%, not 5%.
Plug the formula: 10% = 50% x re + 50% x 4%
The formula ( i.e. 0.1+(0.1-0.05)(1)(1-0.2)) in CFAI reading is questionable.
The calculation is 0.1+(0.1-0.05*(1-0.2))*(1)=16%
