Answer:
a: 12.8%
Explanation:
Standard Deviation would be calculated with the probability approach since there is probability given in the question.
- Formula of Standard Deviation and the solution is given in the pictures below.
- Although ERR the required part to calculate Standard Deviation is calculated in the text.
Calculating ERR:
ERR= Sum of Probabilities × Rate of returns.
In our question = ERR= 0.2 × 30% + 0.5 × 10% + 0.3 × (-6%) = 0.128 = 12.8%
Thus, by putting all the values in the formula you will get the answer 12.8%.
Answer:
1) assuming that the credit card company's payments are immediate (1 business day)
April 30,2015, net credit and debit card sales
Dr Cash 13,580
Cr Sales revenue 13,580
2) assuming that the credit card company's payments are immediate (1 business day)
April 30,2015, gross credit and debit card sales
Dr Cash 13,580
Dr Credit card fees 420
Cr Sales revenue 14,000
Answer:
B
Explanation:
Reserves J: Excess reserves J: Loans J: Deposits ;Money supply
Frequently, you’ll hear people say that “retirement age” is 65. What are they referring to? People who say this are referring to the age in which you can receive your full Social Security retirement benefits. At different ages starting at age 62, you are eligible to receive a percentage of the benefits, once you hit 65, you can receive your full percentage/allotted amount.
