Answer: $74100
Explanation:
Based on the information given, the amount of cash expected to be collected in October will be calculated thus:
October, credit sales will be:
= 60% x $247000
= $148200
Since the amount that'll be collected in October will be 50% of the credit sales. This will be:
= 50% × $148200
= $74100
Answer:
The probability of you making it home for the holidays is:
= 45%.
Explanation:
a) Data and Calculations:
Probability of Scareways flights being canceled = 38%
Probability of successfully traveling with Scareways = 62% (100 - 38%)
Probability of getting a seat in Walter's car = 72%
Therefore, the probability of making it home for the holidays = the combined probabilities (either Scareways flight or Walter's car)
= 62% * 72%
= 0.62 * 0.72
= 0.4464
= 45%
Answer:
about 80% of world trade
Explanation:
The G20 consists of 19 individual countries and the European Union. If trade within the EU is included, the members account for about 80% of world trade. If trade within the EU is excluded, the members account for about 75% of world trade.
Answer:
$12,015 approx.
Explanation:
To calculate present value of a future amount, the future amount is discounted at the rate of interest for the period of investment, which reveals present value as on today. The technique is referred to as discounting technique.
Suppose P denote the amount invested today, which when matured after period of two years yields $13500. Following formula is used for calculating the money invested:
wherein, A = Amount
P = Principal
R = Rate of interest
n = number of years
13,500 = 1.1236 P
⇒ P = 12,015 Approx.
Thus, $12015 is required to be deposited today so as to yield $13,500 after 2 years compounded at 6% per annum rate of interest.
Answer:
This company is referred to as:
a listed entity.
Explanation:
Gadget Twin Inc. becomes a listed entity when it raises capital through an IPO on the NYSE. This means that its share, stock, and debt securities are quoted or listed on a recognized stock exchange, and marketed under the regulations of the New York Stock Exchange. Therefore, Gadget's stockholders and investors can easily sell and buy the shares of the company at the secondary market of the NYSE without any effect on Gadget Twin Inc.