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olga_2 [115]
3 years ago
8

If the age distribution of customers at a major retail chain is thought to be bell-shaped with a mean equal to 43 years and a st

andard deviation equal to 7 years, the percentage of customers between the ages of 29 and 57 years is:
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

Around 95%

Explanation:

If the customer population follows a bell-shaped distribution, it means that the age distribution is normal.

For normal populations, around 95% of elements are within two standard deviations from the mean.

In this case, two standard deviations would be:

43+14 = 57

43-14 = 29

Therefore, the percentage of customers who are between 57 and 29 years of age is around 95%.

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Juanita knits blankets as a hobby and sells them. In the current year, she earns $5,000 from her blanket sales and incurs expens
nirvana33 [79]

Answer:

C) report $5,000 of hobby income and deduct nothing from AGI since Juanita does not itemize deductions.

Explanation:

After the passage of the Tax Cuts and Jobs Act (HR 1, “TCJA”) from the period 2018 to 2025 the hobbies deduction is no longer valid.

Thus Juanita cannot declare any deduction. As hobbies aren't businesses. They aim for fun and entertainment not profit is not entitled to the tax deduction businesses are.

6 0
3 years ago
On January 1, 2020, Gerald received his 50% profits and capital interest in High Air, LLC in exchange for $2,000 in cash and rea
Y_Kistochka [10]

Answer:

$4,000;$3,500

Explanation:

Calculation to determine How much loss can Gerald deduct, and how much loss must he suspend if he only applies the tax basis loss limitation

Calculation for How much loss can Gerald deduct

Gerald's loss Deduction = [$2,000 + $3,000 - $2,000 + (50% × $2,000)]

Gerald's loss Deduction =[$2,000 + $3,000 - $2,000 + $1,000]

Gerald's loss Deduction=$4,000

Calculation for how much loss must he suspend

Loss to Suspend=(50%*$15,000)-$4,000

Loss to Suspend=$7,500-$4,000

Loss to Suspend=$3,500

Therefore the amount of loss that Gerald can deduct is $4,000 and the amount of loss that he must suspend if he only applies the tax basis loss limitation is $3,500

3 0
3 years ago
The main disadvantage of a monetary union is the loss of national monetary and exchange rate policy independence. lessened polit
anzhelika [568]

Answer:

The correct option is;

Loss of national monetary and exchange rate policy

Explanation:

The disadvantages of the establishment of monetary unions includes;

1) The loss of independence in monetary policy

2) The associated problems that arise due to the the initial establishment of the union

3) Tedious nature of the task of attaining comprehensive capital mobility

The advantages are;

1) Lack of uncertainty in exchange rate variation

2) Reduced cost of doing business

3) Improved fiscal stability as well as control of the inflation rate by supranational central bank.

7 0
3 years ago
Isabella is working with her boss on how to achieve the goals that have been set for the next year. So far they have agreed that
EastWind [94]

Answer:

B) MBO

Explanation:

An MBO is a secondary vocational education program carried out in the Netherlands. It lasts for four years and its courses go from assistant training, basic vocational training, professional training and finally middle-management training. It is basically the dutch equivalent of technical college, since you start the MBO when you are around 18 years old. After you complete your MBO you can continue your college education.

The MBO covers a lot of professions but it is basically hands on training, since between 20 -60% of the time is practical training (they work as someone else's assistant or trainee).

Isabella is her boss's trainee and since she is about to graduate, she must start training 2 new assistants.

4 0
3 years ago
The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its n
salantis [7]

Answer: $12,500,000

Explanation:

Sales = $24,000,000

Less: Operating cost = $9,000,000

Less,l: Depreciation = $5,000,000

Earning before interest and tax = $10,000,000

Less: Tax at 25% EBIT = $2,500,000

Net income before interest = $7,500,000

Add: Depreciation = $5,000,000

Operating cashflow = $12,500,000

6 0
2 years ago
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