To determine the 90th percentile of waiting times to the next shutdown, we use the formula
(10)* E[X] = 2.30258509*E[X] 2.30258*12500 = 28782.31 HOURSTherefore, the 90th percentile of waiting times to the next shutdown will be approximately 28782 hours
The answer is D:both A and B
Answer:
2%
2.5%
1.67%
Explanation:
The yield can be computed using the yield formula which coupon payment divided by price.
The coupon payment=face value*coupon rate
face value is $1000
coupon rate is 2%
coupon payment=2%*$1000=$20
when price is $1000:
yield =$20/$1000=2%
when price is $800
yield=$20/$800=2.5%
when price is $1,200
yield =$20/$1,200=1.67%
In essence ,the lower the price the higher the yield as lower amount is invested in order to receive the same amount of annual coupon of $20
Answer:
The estimated bad debt expense for the year amounts to $9,400
Explanation:
The estimated bad debt expense for the year is computed as:
As the percentage of credit sales method is used for estimating the bad debt expense. Therefore, it is computed as:
Bad debt expense = Net Credit Sales × Estimate Percent
where
Net credit sales amounts to $188,000
Estimate percent is 5%
So, putting the values above:
Bad debt expense = $188,000 × 5%
Bad debt expense = $9,400
Therefore, the bad debt expense amounts to $9,400
Given:
Cash = $316
Accounts receivable = $687
Accounts payable = $709 (Liabilities)
Inventory = $2,108 (Assets)
Total assets = Cash + Receivables
= 316 + 687 = $1,003
Liabilities = $709
By definition, the quick ratio is
QR = (Assets - Inventory) / Liabilities
= (1003 - 2108)/709
= -1.5585
This means that the gift barn is over-leveraged and struggling to grow.
Answer: -1.56
