1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ikadub [295]
3 years ago
6

Yesterday, an automobile dealership sold exactly 15 vehicles for a total of $225,000. Did at least one of the vehicles sell for

more than $16,500?
(a) The median price for the 15 vehicles was $13,000.
(b) The range for the price of the 15 vehicles was $4,000.
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

Option A is correct

Explanation:

In the question above, we have:

  • 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000

A. The median price for the 15 vehicles was $13,000.

If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.

You might be interested in
10. You are offered an annuity that will pay you $200,000 once every year, at the end of each year, for 25 years (i.e. the first
seraphim [82]

Answer:

PV= $2,749,494

Explanation:

Giving the following information:

Cash flow= $200,000

Number of periods= 25

Interest rate= 5.25%

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {200,000* [(1.0525^25) - 1]} / 0.0525

FV= $9,881,102.14

<u>Now, the present value:</u>

PV= FV/(1+i)^n

PV= 9,881,102.14 / (1.0525^25)

PV= $2,749,494

6 0
3 years ago
Eva, the owner of eva's second time around wedding dresses, currently has five dresses to be altered, shown in the order in whic
AlladinOne [14]
The correct answer is 2.2 hours.

I<span>f Eva uses the earliest due date priority rule, the order of the dresses will be as follows: W (1 hour processing time, 1 hour due); Y (2 hrs processing time, 3 hrs due); V (3 hrs processing time, 5 hrs due); Z (5 hrs processing time, 7 hrs due); X (4 hrs processing time, 9 hrs due).</span> 

It's easier to do the next step using real numbers. For example, if it's 11am now and W is due in 1 hour, then W is due at noon. If Y is due in 3 hours, then Y is due at 2pm, etc. Then, you need to use the processing time to see how long it will take to make the dresses. For example, since W takes one hour to process, it will be done by noon, its due date. 

This means that W and Y will be altered on time, V will be 1 hour late, Z will be 4 hours late, and X will be 6 hours late. To find the average tardiness, add these extra hours (1+4+6) = 11, and divide by the total number of dresses (even the ones that weren't late) 5: 11/5 = 2.2 hours.
8 0
3 years ago
As one increases the number of periods used in the calculation of a moving average,a.greater emphasis is placed on more recent d
lesya692 [45]
<span>As one increases the number of periods used in the calculation of a moving average, l<span>ess emphasis is placed on more recent data. Therefore the answer is letter B. This is because moving average is derived from successive segments of a series of values. As the number of periods increase, the effect of recent data gets less significant.</span></span>
7 0
3 years ago
The purpose of a statement of retained earnings is to: __________.
marusya05 [52]

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

4 0
3 years ago
Shelia was abducted from a school football field, taken to a bank, and forced to withdraw money from an atm machine. afterward,
Law Incorporation [45]
The correct answer is
A. Football Field

The reason for this is because the football field is the place where she was abducted. Although other crimes were committed the beginning of the crime starts with her abduction.
4 0
3 years ago
Other questions:
  • The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January
    15·1 answer
  • Metals and energy currency futures contracts are actively traded on Group of answer choices propane. gold. All of the options ar
    13·1 answer
  • If the price of a sofa is $800 in the u.s. and 2400 pesos in argentina, and the exchange rate is 4 pesos per dollar, what is the
    14·1 answer
  • A severe cyclone causes substantial damage to a brick manufacturing company's production equipment. As a result, the company spe
    7·1 answer
  • Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
    8·1 answer
  • A local finance company quotes a 17 percent interest rate on one-year loans. So, if you borrow $20,000, the interest for the yea
    9·1 answer
  • Firms earning zero economic profit are
    7·1 answer
  • Jim makes a contract with Oleta to sell her a 1965 lava lamp once owned by a famous artist. Jim later decides that he does not w
    13·1 answer
  • An investment firm provides its customers mobile applications that significantly simplify traditional investing activities. For
    9·1 answer
  • For investors, changes made to the tax code by the government are known as a form of:______.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!