Interval at 95% confidence = p+/- Z sqrt (p(1-p)/n)
Upper interval => 0.68=p+1.96 sqrt (p(1-p)/n)
Lower interval => 0.52=p-1.96 sqrt (p(1-p)/n)
Putting sqrt term to be "q"
0.68=p+1.96q
0.52=p-1.96q
Adding the two equations to solve for p (proportion of 150 adults rootng for North high school);
1.2 = 2p => p=0.6
Answer:
21%
Explanation:
We can calculate the expected return of a firm by add dividend yield and growth rate but in this question, the growth rate is not given therefore we will find growth rate first with the available data
DATA
Payout ratio = 0.4
Return on equity = 25%
Dividend yield = 6%
Solution
Growth rate = Return on equity x retention ratio
Growth rate = Return on equity x (1 - payout ratio)
Growth rate = 25% x (1-0.4)
Growth rate = 25% x 0.6
Growth rate = 15%
Expected return = Dividend yield + growth rate
Expected return = 6% + 15%
Expected return = 21%
Answer:
$786,100
Explanation:
Funk Company
Accounts receivable $93,500 -$ 89,600
=$3,900
Sales totaled $790,000 - $3,900
=$786,100
Hence;
Cash (received from customers)$786,100
Add Accounts receivable $3,900
Sales revenue $790,000
Therefore the amount of cash received from customers during 2021 will be $786,100
