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VLD [36.1K]
3 years ago
7

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. however, this

is not always possible. an analysis of the amount of interest paid monthly by a bank's visa cardholders reveals that the amount is normally distributed with a mean of $27 and a standard deviation of $7.
a. what proportion of the bank's visa cardholders pay more than $30 in interest?
b. what proportion of the bank's visa cardholders pay more than $40 in interest?
c. what proportion of the bank's visa cardholders pay less than $15 in interest?
d. what interest payment is exceeded by only 20% of the bank's visa cardholders?
Business
1 answer:
Lisa [10]3 years ago
7 0
The answer is <span>c. what proportion of the bank's visa cardholders pay less than $15 in interest? as that is the best question.</span>
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Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning operating asse
STALIN [3.7K]

Answer: 0.22

Explanation: Return on total assets is calculated by dividing net income or operating income from average total assets. It is a profitability ratio which is used by analysts to evaluate the ability of the firm to generate revenue from the given level of assets it have.

=\:\frac{operating\:income}{Average\:total\:assets}

where,

Average\:total\:assets=\frac{410,000+\:440,000}{2}

= $425,000

Now,putting the values into equation :-

=\:\frac{92,000}{425,000}

= 0.22

8 0
3 years ago
Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax
IceJOKER [234]

Just by looking at the answer you can take out D because C already offers no tax and 5% off, do C is better than D, so we only have to do t math for A, B, and CA is 800 plus tax, with $75 back800×1.05 (because it's 5% tax) -75 =$765B is 800×.90 (because 10% off means he's paying 90%)×.05=$756C is 800×.95 (because 5% off means he's paying 95%) =760A=765B=756C=760So B is the best deal

:)

6 0
3 years ago
Read 2 more answers
As the price of a good increases, all else being equal, consumers will likely purchase _____.(1 point)
Olegator [25]

Answer:

less of the good because substitutes have become relatively more expensive

8 0
3 years ago
Suppose Larry would like to invest $6,000 of his savings. One way of investing is to purchase stock or bonds from a private comp
Zina [86]

Answer:

The answers are:

  1. equity
  2. claim to partial ownership
  3. bondholders

Explanation:

Equity financing: refers to the process of raising money by selling company's shares or stock.  

Claim to partial ownership: when an individual or business buys a share from another company, it becomes a partial owner.

Bondholders: refers to individuals or companies that own bonds issued by a private company or by a government entity.

7 0
4 years ago
January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 27,000 of its common shares at $7 each. T
aleksandr82 [10.1K]

Answer:

$156,000

Explanation:

Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:

First step is to calculate the Net effect

Net effect=$27,000*$7/ $9 = $21,000

Net effect=$27,000k - $21,000

Net effect=$6,000

Now let calculate The number of shares to be used in computing diluted earnings per share for the quarter is

Numbers of shares =150,000 + 6,000

Numbers of shares= 156,000

Diluted EPS= 25,000/ 156,000

8 0
3 years ago
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