Answer:
Net Profit after tax Rs 15,000
Step-by-step explanation:
The computation of the net profit after tax is shown below:
Gross profit Rs. 1,25,000
Less:
Selling and distribution expenses Rs. 21,000
General and administrative expenses Rs. 75,000
Interest on loan Rs. 5,000
Gain on sale of plant Rs. 4,000
Profit before tax Rs 20,000
Less: income tax expense at 25% of Rs 20,000 Rs 5000
Net Profit after tax Rs 15,000
Answer:
Here
Step-by-step explanation:
Just pick numbers and substitute it into the equation for x
Answer:
a. Assume that the population has a normal distribution.
b. The 90% confidence interval of the mean sale time for all homes in the neighborhood is between 219.31 days and 240.69 days.
Step-by-step explanation:
Question a:
We have to assume normality.
Question b:
We have that to find our
level, that is the subtraction of 1 by the confidence interval divided by 2. So:

Now, we have to find z in the Ztable as such z has a pvalue of
.
That is z with a pvalue of
, so Z = 1.645.
Now, find the margin of error M as such

In which
is the standard deviation of the population and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 230 - 10.69 = 219.31 days.
The upper end of the interval is the sample mean added to M. So it is 230 + 10.69 = 240.69 days.
The 90% confidence interval of the mean sale time for all homes in the neighborhood is between 219.31 days and 240.69 days.
In this case if x<100 George will be losing money. So he will only earn a profit when he sells more than 100 DVDs. Essentially (x-100) represents his break-even point.