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larisa [96]
3 years ago
12

A retail establishment accepts either the American Express or the VISA credit card. A total of 24 percent of its customers carry

an American Express card, 61 percent carry a VISA card, and 11 percent carry both cards. What percentage of its customers carry a credit card that the establishment will accept?
Business
1 answer:
kozerog [31]3 years ago
6 0

Answer:

The answer is: 74% of its customers carry a credit card the store will accept.

Explanation:

  • Let A denote the event a customer carries American Express credit card (24%)
  • Let V denote the event a customer carries Visa credit card (61%)
  • Let AV denote the event a customer carries both credit cards (11%)

P(A ∪ V) = probability that a customer carries at least one credit card

P(A ∪ V) = P(A) + P(V) − P(AV)

P(A ∪ V) = 0.24 + 0.61 − 0.11 = 0.74

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A company has a minimum required rate of return of 8% and is considering investing in a project that costs $175,000 and is expec
Daniel [21]

Answer: $5,396.79

Explanation:

The net present value is value of the after tax cash flows from an investment minus the value of the amount invested.

The net present value can be found using a financial calculator.

Cash flow for year zero = $-175,000

Cash flow for each year from year 1 to year 3 = 70,000

I = 8%

NPV =$5,396.79

I hope my answer helps you

5 0
3 years ago
The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is
Vlada [557]
<span>For the answer to the question above, the $25,000 due in 90 days.
 I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56

Solve for r: 616.44 = 24383.56*r*(90/365) 

r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded  off the </span></span>24383.56 
5 0
3 years ago
You are in the market for a used car and decide to visit a used car dealership. You know that the Blue Book value of the car you
Artemon [7]

Answer:

The expected value of the car you will buy is $22,000

Explanation:

In the given question, the car values are symmetrically distributed which means that we have to compute the mean between the values that are mentioned in the question.

So, the mean is an average of the numbers, the computation is shown below:

= (Value 1 + value 2) ÷ (number of observations)

= ($20,000 + $24,000) ÷ 2

= $22,000

3 0
3 years ago
How do management accountants help managers make business decisions?
Svet_ta [14]

Answer:

Relevant costs analysis

Audience targeting

Make or buy evaluations

Define Budgets

Explanation:

mark me brainlist plese

4 0
3 years ago
Explain whether it is fair for employers to judge Miguel based on his social media usage.
MrRa [10]

Answer:

No, it will not be fair at all in judging any employee on the basis of his or her social media usage, until or unless that employee is interfering in any of the organisational domain in a negative way. Its the basic right of any worker that he can spend his private time in whatever way he or she likes. Social media has become one the important needs in the modern world today, if an employee is using social media for his private leisure time than it all depends on him or her BUT the usage of social media in the working hours should be seen carefully and the employee must restrict himself from it during his official working hours.

6 0
3 years ago
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