Answer:
$16,660
Explanation:
Given that,
Merchandise inventory sold on account = $17,000
Payment terms are as follows: 2/10, n/30
Cost of merchandise sold = $13,000
Therefore, the amount of cash was collected by Devonshire is the amount of cash after deducting the 2 percent of merchandise inventory.
Cash was collected by Devonshire:
= Amount of merchandise sold × (1 - 2%)
= $17,000 × (1 - 0.02)
= $17,000 × 0.98
= $16,660
Answer:
Explanation:
Following things should be in mind for selecting the institute:
The university from which he is going to do his masters is somewhere connected to the technical line is better as he can learn management skills while also practicing on technical skills.
One can also keep in mind the distance of the college as it would add a expense on his pocket. it also saves time when the college is near.
The college should be under budget as it should not also over-budget for you.
The college should also be affiliated with any reputed university so as it would give the knowledge as well as exposure to one's career.
Answer:
Option A
Explanation:
In simple words, Bank runs refers to the scenario when a significant amount of individuals begin to make bank withdrawals since they are afraid the organizations will run out of liquidity. Usually a run on the banks is the product of confusion instead of a true bankruptcy.
Bank run caused by panic that drives a bank into real bankruptcy provides a traditional example of a prediction that fulfills itself. The institution does defaults risk, as customers are continuing to withdraw money. So what starts out as fear will ultimately turn into some kind of true fallback situation.
Answer:
<em>The answer to the question is given below in the explanation section</em>
Explanation:
<em>From the question we recall the following</em>
<em>The mean: this is the the value at the center of the confidence interval which represents the quantity.</em>
<em>let Z* denotes when building the confidence level</em>
<em>]The mean = 289000, n = 36, standard deviation= 1342
</em>
<em>
Z* for 95% Confidence Interval = 1.96
</em>
<em>
The margin of error = 1.96*[1342/√(36)] = 438.39
</em>
<em>
The 95% Confidence Interval is given by:</em>
<em>
Lower CI = Mean - Margin of error = 289000 - 438.39 = 288561.61
</em>
<em>
Upper CI = Mean + Margin of error = 289000 + 438.39 = 289438.39
</em>
<em>When the sample is decreased to 20 Tesla owners, the confidence interval widens.</em>
<em />
Answer:
The correct answer is 8.679%.
Explanation:
According to the scenario, the given data are as follows:
Face value (F) = $1,000
Bond value (B)= $955
Time (t) = 18 years
Yield (r) = 9.2%
First we calculate the coupon payment:
Let coupon payment = C
then,
B = C × 
By putting the value, we get
$955 = C× 
$955 = C × 8.64 + 205.11
C = 86.79
So, Coupon Rate = Coupon Payment ÷ Face value
= 86.79 ÷ 1000
= 0.08679
= 8.679%
