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Sav [38]
3 years ago
12

Can someone please Explain why both the General Minimum Wage rate and the Student’ rate are linear patterns.

Business
1 answer:
victus00 [196]3 years ago
4 0

I dont even get this

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C) 8.75%

Explanation:

Number of periods = 4 years

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To obtain the arithmetic average annual return, add the return rates given for all periods and divide the sum by the number of periods.

AAR = \frac{20-10+ 20+ 5}{4} \\AAR=8.75\%

Over four years, the S&P 500 index delivered an arithmetic average annual return of 8.75%.

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Marin Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2017. Expenses for 2017 were cost of goods
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The answer follows below;

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Marin Corporation

Income Statement

For the year 31, xxxx 2017

Sales                              $2,427,500

Cost of Goods Sold     ($1,465,500)

Gross Profit                                                $962,000

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Selling Expenses          ($289,300)

Interest Expense            ($47,900)

Total Operating Expenses                        ($557,800)

Operating Income                                        $404,200              

Non Operating Income

Interest Income                                             $40,000          

Total Income before Taxation                    $444,200

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Net Income after Taxation                            $310,940          

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