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stepladder [879]

3 years ago

14

You expect to receive $20,000 at graduation one year from now. you plan on investing it at 6 percent until you have $100,000. ho

w long will you wait from now?

1 answer:

Free_Kalibri [48]3 years ago

4 0

The answer will be $120,000

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A local university has a student population that is 55% male. 60% of students are undergraduates. 38% are both male and undergra

Mandarinka [93]

The probability that a randomly selected student is female and an undergraduate = 37%

The probability of being female or an undergraduate= 1.05

<h3>The male students</h3>

The male population = 55%

Therefore female population would be 1 - 0.55 = 45%

<u>Undergraduates</u> = 60%

The male undergraduate = 38%

Therefore female undergraduates = 60%-38%

= 22%

a. The probability that a randomly selected student is an undergraduate and female

= $\frac{0.22}{0.60}$

= 37%

B. The probability that the student is female or undergraduate

P(A or B)

= Probability of female = 45/100

Probability of undergraduate = 60/100

= 0.45 + 0.60

= 1.05

Read more on probability here:

brainly.com/question/25870256

4 0

2 years ago

Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 23,600 golf discs

pychu [463]

Answer:

Increase in income= $2,965.6

Explanation:

Giving the following information:

Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 23,600 golf discs is:

Materials $ 12,036

Labor 35,400

Variable overhead 23,128

Fixed overhead 47,200

Total $117,764

McGee Corporation offers Gruden $4.91 per disc for 4,930 discs. If Gruden accepts the offer, its fixed overhead will increase from $47,200 to $53,700 due to the purchase of a new imprinting machine.

Total variable cost= (12,036 + 35,400 + 23,128)= 70,564

Unitary variable cost= 70,564/23,600= $2.99

Increase in fixed costs= $6,500

Increase in income= (4930*4.91) - (4930*2.99) - 6500= $2,965.6

8 0

2 years ago

Which activity is an example of a time-based goal? A. Catherine plans to learn to play the guitar in the next few years. B. Davi

frez [133]

Answer: C. Farah wants to obtain her college degree in four years

A time bound goal has a specific, measurable time-frame within which a specific goal has to be achieved; it can also set as a specific target to be achieved at periodical intervals.

Amongst the options given, only option C has a specific, measurable and well-defined time frame within which a specific goal is set to realized.

6 0

3 years ago

Read 2 more answers

When the government changes either its spending or tax policy to pursue economic objectives, it has changed its:___.

Debora [2.8K]

Answer:

A. fiscal policy. and C. monetary policy.

Explanation:

What is Fiscal Policy?

The government's use of taxes, spending, and transfer payment to promote economic growth and stability.

What is Monetary Policy?

The action the Fed takes to control the money supply and the rate of inflation in the economy.

8 0

2 years ago

Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2

notsponge [240]

Answer:

The balance of accounts receivable on January 1, 2018 is $31,180.

Explanation:

The following are given in the question:

Percentage of allowance for uncollectible accounts = 3%

Credit sales = $125,000

Collections = $131,000

Amount written off = $180

Therefore, we have:

Account receivable on 31 December 2018 * 3% = $750

Account receivable on 31 December 2018 = $750 / 3% = $25,000

Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180

Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.

8 0

3 years ago