1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>
You might be interested in
Using the income statement method for accounting for uncollectible accounts, a company estimates that 2.5% of credit sales will
Digiron [165]

Answer:

the adjustment for estimated uncollectible accounts will require

b. Debit to Bad Debt Expense for $10,000.

Explanation:

There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.

Accout receivable at the end_ 80000

Credit sales_______________400000

 

Estimate________________ 2,50%

Debit bas debt expense______10000

7 0
2 years ago
What is the quickest and most efficient way of getting your new employees connected to the intranet
Llana [10]

Answer:

Intranet Connectivity:

Explanation:

For smooth working in the office, whether it is small or big business, the most crucial element is connectivity to the company intranet. This is crucial for conducting the work in a smartest and effective way.  

The two type of intranet that company acquired is  

a) intranet provided by the third party  

b) network connectivity managed by the corporation itself

6 0
3 years ago
Does unemployment affect demand?<br>​
Ivahew [28]

Yes it does. Unemployment is when a person isn't currently hired at a work pleace. If people are unemployed they are making no income so less people are in need of products so it lowers the demand.

6 0
3 years ago
how often is simple interest used in the business and banking worlds? a. rarely, d. regularly, c. frequently, d. most...
bagirrra123 [75]
I would say your answer is A.

Glad I could help, and good luck!

8 0
3 years ago
Shelly’s preferences for consumption and leisure can be expressed as U(C, L) = (C – 100) * (L – 40). This utility function impli
ludmilkaskok [199]

Answer:

Explanation:

U(C, L) = (C – 100) × (L – 40)

(a) C = (w - t)[110 - L] + 320

C = 10[110 - L] + 320

C + 10L = 1420

where,

C- consumption

w - wages

t - taxes

L - Leisure

(b) Given that,

L = 100 then,

C = 420

MRS=\frac{MU_{L} }{MU_{C} }

MRS=\frac{C-100 }{L-40}

MRS=\frac{320}{60}

              = 5.33

(c) L = 110

C = 320

Reservation wage:

MRS=\frac{C-100 }{L-40}

MRS=\frac{220}{70}

= 3.14

(d) At optimal level,

\frac{C-100}{L-40}=\frac{10}{1}

C - 100 = 10L - 400

C - 10L = -300

C = 10L - 300

Using budget constraint:

C + 10L = 1420

10L - 300 + 10L = 1420

20L = 1720

L* = 86 and C* = 560

4 0
3 years ago
Other questions:
  • Nick has a goal to pay his credit card balance in full by June 30. When he first wrote the goal in December, his balance was $2,
    12·2 answers
  • ​self-checkout at a grocery store is an example of
    10·1 answer
  • The three types of mathematical simulation models are
    8·1 answer
  • Segments of business's macroenvironment include all of the following except a. the economic environment. b. the social environme
    5·1 answer
  • A firm is reviewing a project with labor cost of $9.00 per unit, raw materials cost of $25.25 a unit, and fixed costs of $13,000
    14·1 answer
  • IT Support Services is a technology company that offers many IT services in highly populated southern Maine. The company's servi
    11·1 answer
  • Jim is the daytime supervisor for an automobile assembly line. He supervises 45 people who perform relatively routine jobs that
    9·1 answer
  • An accounting professor is considering opening his own consulting firm. To do so, she will have to quit her current job, that pa
    12·1 answer
  • Who want to do 1v1 lol with me
    11·2 answers
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!