Answer: a. Confidence level
Explanation:
Interval estimation is the use of sample data to calculate an interval of possible (or probable) values of an unknown population parameter, in contrast to point estimation, which is a single number.
The confidence level shows that the interval estimate has the ability to contain the value of the population.parameter
Answer:
a) 25,000
Explanation:
The computation of the economic profit is shown below;
Economic profit is
= Revenue - Explicit cost - Implicit cost
= $550,000 - $500,000 - $500,000 × 5%
= $550,000 - $500,000 - $25000
= $25,000
Hence, the economic profit on this deal was $25,000
Therefore the correct option is a.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: any of the above (put an additional $350 per month toward a retirement plan… use the $350 to pay off a personal loan…. Invest the $350 per month in mutual funds
Answer:
Money Multiplier= 1/ reserve ratio = 1/10% = 10
Change in Money Supply = Change in Reserves * Money Multiplier
= 1,000 * 10 = 10,000
So, option d is the correct option.
If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line <u>d.Net income will be overstated.</u>
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Explanation:
The Formula for net income is total expense subtracted by total revenues.<u>The total expense can be further sub categorized into cost of goods sold, operating expenses, interest, and taxes.</u>
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To calculate the net income, the cost of goods sold is subtracted from the revenue. In case the cost of goods sold is very low compared to what it actually should be , it makes the net income appear larger than it actually is. it results in an increases in the tax liability for the company.
hence we can say that ,If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line <u>d.Net income will be overstated.</u>
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