Answer:
When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...
Explanation:
Answer:
The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.
Explanation:
Outstanding amount of checks issued = Checks outstanding in beginning of June + Checks issued during the month of June - Checks cleared in June
= $15400 + $64900 - $37600
= $42700
Therefore, The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.
Answer:
$1,295.03
Explanation:
To find the answer, we will use the present value of an annuity formula:
PV = A ( 1 - (1 + i)^-n) / i
Where:
- PV = Present Value of the investment (in this case, the value of the loan)
- A = Value of the Annuity (which will be our incognita)
- i = interest rate
- n = number of compounding periods
Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.
Finally, we plug the amounts into the formula, and solve:
75,500 = A (1 - (1 + 0.006)^-72) / 0.006
75,500 = A (58.3)
75,500 / 58.3 = A
1,295.03 = A
Thus, the monthly payments of the car loan will be $1,295.03 each month.
Answer:
The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703
Explanation:
Firstly, we have to determine the segment unit, since the mean is 10 per hour, the segment unit is 1 hour.
The mean(m) = 10
since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5
The poisson distribution formula P(x) = 
Therefore the probability that 2 or 3 customers will arrive in a 15-minute period
P(x=2) or P(x=3) = P(x=2) + P(x=3) = 
= 0.2565 + 0.2138 = 0.4703
Therefore P(x=2) or P(x=3) = 0.4703
The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703
