Answer:
CROIX COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2017
Second Quarter Year to Date
Product Line Budget Actual Difference Budget Actual Difference
The Edge 381,000 391,000 10,000 695,000 691,800 3,200 U
Explanation:
Croix's sales budget gives a forecast of the sales figure over the future period in order to help Croix plan its production or purchase of the newest guitar, The Edge so that customers' demand can be met and profit objectives of the company is achieved.
Answer:
![GPM = \frac{1}{1-[0.9(1-0.25)-0.05]}=2.67](https://tex.z-dn.net/?f=%20GPM%20%3D%20%5Cfrac%7B1%7D%7B1-%5B0.9%281-0.25%29-0.05%5D%7D%3D2.67)
Explanation:
Previous concepts
The government purchase multiplier represent the "change in income due to an increase in government spending. The amount of expansion of income depends on the value of the marginal propensity to consume"
Solution to the problem
For this case we need to use this formula:
![GPM = \frac{1}{1-[C(1-T)-I]}](https://tex.z-dn.net/?f=%20GPM%20%3D%20%5Cfrac%7B1%7D%7B1-%5BC%281-T%29-I%5D%7D)
Where:
GPM= Government purchases multiplier
C= Represent the consume fraction=0.9
I= Represent the import fraction = 0.05 (Value assumed)
T= Represent the tax rate fraction=0.25
So then if we replace we got:
And that represent the Government purchases multiplier for this case.
<span>100 observations needed for desired accuracy and confidence.
The formula for the confidence of a sampling is:
ME = z*d/sqrt(n)
where
ME = Margin of error
z = z score for desired level of confidence
d = standard deviation
n = number of samples
The z score desired is calculated as follows. If you want a 95% confidence, you calculate 1 - 0.95 = 0.05, then you divide the result by 2, getting 0.025, and finally you use a standard normal table to get the z score for the desired probability. So for this problem of 95.44% we get
(1 - 0.9544)/2 = 0.0456/2 = 0.0228
Looking up a standard normal table, the value of 0.0228 is found to have a z-score of 2.0, a.k.a. 2 standard deviations from the normal.
So let's substitute the known values into the formula and solve for n.
ME = z*d/sqrt(n)
1 = 2*5/sqrt(n)
sqrt(n) = 2*5
sqrt(n) = 10
n = 100
So the owner needs at least 100 samples to be 95.44% certain that his measurement error is within 1 second of the correct time.</span>
Answer:
A) 30
Explanation:
to determine in how many years the economy will double with an 8% growth rate, we can use the rule of 72. The rule of 72 basically works by dividing 72 by the compounding growth rate to determine the number of years it will take an investment to double.
The rule of 72 works well when growth rate is between 6-10%, at 8% it is quite exact. For lower growth rates you should use the rule of 70 which is basically the same but instead of using 72, you use 70. For growth rates over 10% you should use 69.3.
the number of years for the economy to double = 72/8 = 9 years, so 9 plus 20 = 29 years. Since the question asks at what age the economy should have more than doubled, it would be a little over 29, and in this case it is 30.
You can always check which number is more exact calculating 1.08⁹ = 1.999
Answer:
Greek Letter Organisation or Greek Life
Explanation:
They are a form of social fraternity prominent in USA, Canada and the Philippines. Membership is generally at undergraduate level but continues through life. Fraternities share five common elements: secrecy, single-sex membership, selection, ownership of a residential property and armorial achievements.
