Answer:
this promise is enforceable only if it is agreed upon in writing
Explanation:
In the scenario described in the question it can be said that this promise is enforceable only if it is agreed upon in writing. This is because by putting it in writing all details of the contract are displayed for both parties to read/analyze and decide whether they actually want to agree to this agreement/contract or not. Once the contract is signed and agreed upon by both parties it can then be completely enforced because both parties knew exactly what they were getting into at the time of signing.
Answer:
(c) If we do not know the population standard deviation and must use the sample standard deviation
Explanation:
A t distribution is used for the inference about the population mean if the population standard deviation (sigma) is unknown. The sample standard deviation (s) is used instead.
The test statistic of a t distribution is given as (sample mean - population mean) ÷ (sample standard deviation ÷ sqrt(sample size))
The test statistic of a standard normal distribution is given as (sample mean - population mean) ÷ (population standard deviation ÷ sqrt(sample size))
The reason why it is difficult for Rivals to challenge atlas
door is probably because of the high threat of substitutes in which the rival
fears that the atlas door will replace them and send them off out of the
business when they are overpowered by the other party.
The correct effective rate of interest for the loan having a compound interest of 4.90% with 6 compounding throughout the year will be 5.01%. So, the correct option is C.
Effective compound interest is calculated by deriving the values in the formula of annuity over the loan amount, which will be payable at the end of the year.
<h3>Calculation of effective rate of interest </h3>
- Effective rate of interest is the actual rate of interest paid by Jessica when she thinks the interest paid by her is for the year without taking into consideration the compounding of such loan.
- As no information regarding the principal and no. of years is given, it has been assumed that the loan amount is $100 and the loan is taken for the period of one year.
- The formula for calculation of effective rate of interest is as below,
- Putting the values in the formula, we get
- So the effective rate of interest is calculated as 5.01%
Hence, the correct option is C that the effective rate of interest is 5.01% on the interest rate of 4.90% compounded 6 times during the year.
To know more about rate of interest, click the link below.
brainly.com/question/4626564
Answer:
1. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Medical Market?
We are missing the cost structure, so I looked for similar question. The company's current segment margin for the medical market is 30%. So this campaign would increase segment profit by $42,000 x 30% = $12,600. Since its cost is $4,800, net profit will increase by $12,600 - $4,800 = $7,800
2. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Dental Market?
The dental market's segment profit is 24%, so this campaign would increase revenue by $36,000 x 24% = $8,640. To calculate net profit we must again subtract the campaign's cost. Net profit = $8,640 - $4,800 = $3,840
3. In which of the markets would you recommend that the company focus its advertising campaign?
They should focus on the medical market since their profit will be higher.
Explanation: