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My nickname - Lovely
Is to collect information
Answer:
A confidence interval (CI) is a range of scores with specific boundaries that should contain the population mean.
Explanation:
90% confidence interval indicates that a score within the boundaries is 90% likely to represent the actual mean of the population.
Answer:
Studying
Explanation:
Acquisition of knowledge is the best investment one can have. It gives one a deposit of knowledge awaiting opportunity.
Studying enlarges one reasoning capacity and put one at an edge above others. We are a product of our knowledge.
There is a saying that readers are leader, all you need to d is study well.
Answer: $50,301
Explanation:
If they offered the new terms of 2/10, net 30 then 45 percent of their customers would pay on day 10 with the remainder paying on average in 32 days.
The collection period would therefore be;
= 0.45 * 10 + 0.55 * 32
= 22.1 days
Currently the Average Daily sales are;
= Average Receivables/ Average collection period
= 211,410/29
= $7,290
With the new collection period their Average receivables would be;
= 7,290 * 22.1
= $161,109
Potential cash to be freed up = Current Receivables - New receivables
= 211,410 - 161,109
= $50,301