Answer:
EIN; employer idenification number.
Explanation:
hope this helps :)
Answer: $186,000
Explanation:
January is the 2nd month from November which means that all of November's $31,000 will be collected in January.
January is the first month after December so 30% of December sales should be collected in January. 50% has already been collected in December and this left $50,000.
Total credit sales in December must have been:
= 50,000 / 50%
= $100,000
Amount to be collected in January for December:
= 100,000 * 30%
= $30,000
Amount to be collected from January credit sales:
= 50% * 150,000
= $75,000
January cash sales = $50,000
Total cash in January :
= 31,000 + 30,000 + 75,000 + 50,000
= $186,000
Answer:
(1) If you get a promotion, what is the probability that you will also get a raise?
25% or 0.25
(2) Are getting a raise and being promoted independent events? Explain using probabilities.
yes, they are independent events because you a given one probability for getting a raise (40%) and another one for getting both a raise and a promotion (25%). If they were dependent events, the probability would be the same but they are not.
(3) Are these two events mutually exclusive? Explain using probabilities.
No they are not, again the probability of getting both a raise and a promotion is 25%.
Answer: $88289.8
Explanation:
Here's the complete question:
As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 9.5% compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?
The future value of an annuity will be calculated using the formula:
= A((1+r)^n)-1)/r
Where,
A = the annuity payment = 3500
r = the interest rate = 9.5% compounded quarterly = 9.5% / 4 = 0.095 / 4 = 0.2375
n = the number of time periods = 4 × 5 = 20
We then substitute the values and we will get:
= A((1+r)^n)-1)/r
= 3000 × (1.02375^20-1) / 0.02375
= $88289.8
Answer:
$28,706.10
Explanation:
The computation of the amount of pay is shown below:
Here we have to find the future value by using the following formula
Future value = Present value × (1 + interest rate)^number of years
= $26,000 × (1 + 0.02)^5
= $28,706.10
We simply applied the above formula so that the amount of pay could be come and the same is to be considered
