Answer:
What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33
Explanation:
P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)
P=1/3
P=0,333
Answer:
a) FIFO
Explanation:
FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.
LIFO means last in, first out. It is an inventory system where the last purchased inventory is the first to be sold.
Weighted average is when the weighted price of inventory is used as the cost of goods sold.
I hope my answer helps you.
Answer:
Inferior goods are goods that are bought less as income of buyers increase.
Explanation:
In business, inferior goods can be described as goods that experience declines in their demand or sale when the income of buyers or consumers increase.
This implies that there is a negative relationship between the demand of inferior goods and the income of the buyers.
Put in another way, inferiors goods are the more affordable substitutes for goods that are expensive when the income of the consumers fall.
Answer:
45.67%
Explanation:
The component percentage for total expenses is shown below:
Component percentage = (Total expenses ÷ Sales revenue) × 100
where,
Total expenses equal to
= Advertising Expense + Insurance expense + rent expense + supplies expense + utility expense
= $1,300 + $850 + $900 + $250 + $125
= $3,425
And, the sales revenue is $7,500
So, the component percentage is
= ($3,425 ÷ $7,500) × 100
= 45.67%
Answer:
(a) 5.5%
Explanation:
Yield-to-maturity (YTM) is the discounting rate for calculating the present value of bond & coupon received.
Bond price = Present value of interest received + present value of bond
⇔ 1040 = 70/(1+ YTM)^3+70/(1+ YTM)^2+70/(1+ YTM) + 1000/(1+YTM)3
It's really difficult to solve above equalation, then we try every hint provived.
(a) 5.5% ->True
70/(1+ 5.5%)^3+70/(1+ 5.5%)^2+70/(1+ 5.5%) + 1000/(1+5.5%)^3 = 1040
(b) 4.9%
70/(1+ 4.9%)^3+70/(1+ 4.9%)^2+70/(1+ 4.9%) + 1000/(1+4.9%)^3 = 1057
(c) 6.4%
70/(1+ 6.4%)^3+70/(1+ 6.4%)^2+70/(1+ 6.4%) + 1000/(1+6.4%)^3 = 1016
(d) 6.8%
70/(1+ 6.8%)^3+70/(1+ 6.8%)^2+70/(1+ 6.8%) + 1000/(1+6.8%)^3 = 1005
(e) 7.4%.
70/(1+ 7.4%)^3+70/(1+ 7.4%)^2+70/(1+ 7.4%) + 1000/(1+7.4%)^3 = 990
