Answer a) The letter b is best described as the estimate of the cost for an additional customer visit.
Answer b) The letter y is best described as the observed store cost for a given month.
Answer c) The letter x is best described as observed customer visit for a given month.
Answer d) The estimated cost for 370 customer visits is
Y = a + bx
a =$ 687.65 b = $ 7.59 x = 370 customer visits
Y = $ 687.65 + ($ 7.59 * 370 customer visit) = $ 687.65 + $ 2,808.3 = $ 3,495.95
Answer e) The percent of total variance that can be explained by regression equation is R2 = 0.79754 or 79.754%
Answer:
the net present value is -$72,050
Explanation:
The computation of the net present value is shown below
= $50,000 per year ×PVIFA factor at 10 years for 9% - $360,000
= $50,000 ×5.7590 - $360,000
= $287,950 - $360,000
= -$72,050
hence, the net present value is -$72,050
So the same should be relevant and considered too
Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all Reverse budgeting.
<h3>What is Reverse budgeting?</h3>
Reverse budgeting is a type of budget system where the business owner sees himself as a staff and pays himself first.
The money left is can then be divides to manage other business operations and saving.
Therefore, Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all Reverse budgeting.
Learn more about Budget here,
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Answer:
The face value of each bond was $1,100
Explanation:
Hi, well, first we have to assume that all the future cash flows make sense to the owner of the bonds, that is, we are assuming that he paid the fair price for all the bonds and since they were 10, the price of each bond was $9,855.57/10= $985.56.
Now, we need to find the face value of the bond, taking into account that we planned to sell the bonds $50 less than its face value, therefore the equation that we need to solve for "X" (X being the face value of the bond) is:
Where:
Coupon = X * 8%
Yield = owner´s money yield
n = periods of payment
X = Face Value
So, it should look like this:
So, the face value of each bond was $1,100
Best of luck.
The answer would be 71% !
hope this helps !