A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000,
eduard
The lowest quintile received $22,000.
Data and Calculations:
The number of golfing buddies = 10
A. = $10,000
B. = $12,000
C. = $16,000
D. = $20,000
E. = $24,000
F. = $32,000
G. = $38,000
H. = $56,000
I. = $70,000
J. = $120,000
Total - $398,000
The lowest, first, or bottom quintile is between 0 to 20%.
Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.
Learn more: lowest quintile here: brainly.com/question/2392523
Answer:
b. Increase by $17,000
Explanation:
For computing the change in the operating income, first we have to determine the cost by make and buy options
Make options:
= Variable cost + fixed cost
= $70 + $60
= $130
Buy options:
= Outside supplier cost + fixed cost × remaining percentage
= $77 + $60 × 60%
= $77 + $36
= $113
So, the difference of cost would be
= $130 - $113
= $17
And, the operating income would be
= Number of units make in each year × cost difference
= 1,000 units × $17
= $17,000
Answer:
The correct answer is letter "B": creating common-size financial statements.
Explanation:
In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.
Answer:
See Explanation
Explanation:
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The class width
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The class width is:
Using the first class, as reference:
So, the class width is:
To answer this item, we assume that the interest rate is simple, such that the yearly rate was only divided by 12 months in order to determine the rate per month. Hence, to answer this item, we simply have to multiply the given percent by 12.
rate of interest/year = (12)(0.85%) = 10.2%
Therefore, the answer is 10.2%.
