Answer:
31.17 months
Explanation:
For computing the number of months required to pay off the stereo system we need to apply the NPER formula i.e be shown in the attachment below:
Given that,
Present value = $400
Future value = $0
Rate of interest = 12% ÷ 12 months = 1%
PMT = $15
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying this, the number of months is 31.17 months
Answer:
$200,000 and $500,000
Explanation:
The computations are shown below:
For gain recognized:
= Fair market value of the received land - corporation basis
= $500,000 - $300,000
= $200,000
For land basis received by Red Blossom corporation:
= $500,000
It records only the fair market value of the land, not the land basis for tea Company so only $500,000 would be considered
Answer:
The length of the shorter piece is 11 in
and the longer piece = 17 in
Explanation:
Given:
Total length of the chain = 42 in
When cut in three equal piece the length of each piece = 
= 14 in
Therefore, The length of the first piece = 14 in
Let the length of the shorter piece be 'x' in
Thus,
Length of the longer piece will be = x + 6 in
also,
14 + x + x + 6 = 42 in
or
20 + 2x = 42 in
or
2x = 22 in
or
x = 11 in
Hence,
The length of the shorter piece is 11 in
and the longer piece is 11 + 6 = 17 in
Answer:
- <em>Underestimating your income is a conservative and healthy measure that can avoid financial problems.</em>
Explanation:
<em>Underestimating</em> your <em>income</em> is a conservative and healthy measure, such as it is overestimating your expenses.
Specially when your income is variable iit can be hard to predict. You will be safer both if your income lowers or your unpredictable expenses increase.
There are many unpredictable situations that could put you in a difficult situation: a disease, a natural disaster, the need to help a family member or friend in trouble. If any of these unfortunate circumstances arises and your budget is too tight, you could see yourself in financial trouble.
But, if you if all is smooth you will have in a happy situation, you will have a surplus which can use for savings, for an important purchase, or for vacations.
It is better to be cautious than to regret later!
Answer:
Explanation:
The <em>minimum probability of a successful bunt that would warrant using the bunt </em>is that probability that, at least, does not decrease the probability of winning after the<em> batter hit </em>the <em>double</em>: <em>0.807.</em>
Call p the probability of a succesful sacrifice bunt.
Using a probability tree diagram:
- successful sacrifice bunt: p
- win: 0.830
- loose: 0.17
- unsucessful sacfifice bunt: ( 1 - p)
- win: 0.637
- loose: 0.363
From that, the probability of winning is 0.830(p) + 0.637(1 - p)
You want to determine p, such that 0.830(p) + 0.637(1 - p) ≥ 0.807
<u>Solve for p</u>:
- 0.830p + 0.637 - 0.637p ≥ 0.807
Rounding to thousandths, <em>the minimum probability of a succesful bunt that would warrant using the bunt is </em><u><em>0.881.</em></u>
