Calculate the sample proportion (198 yes responses out of 316).
We want to test against a sample size of n = 2200 daily passengers.
In order to use the normal distribution, we should satisfy
2200*0.6266 = 1378.5
2200*(1-0.6266) = 821.5
We may use the normal distribution.
Let us use a 95% confidence interval.
The estimate for the population proportion is
where z* = 1.96 at the 95% confidence level.
Therefore
p = 0.6266 +/-0.0202 = (0.6064, 0.6468)
Answer:
At the 95% confidence level, about 60% to 64% of regular passengers will buy snacks on the train.
Answer:
Full body = $132
For trouble spots = $180
Explanation:
The computation of contribution margin per hour is shown below:-
For Full body
Contribution per service = $198
Massage time required in minutes = $90
Massage time required (90 min ÷ 60 min) = $1.5
Contribution per hour = $198 × $1.5
= $132
For Trouble spots
Contribution per service = $90
Massage time required in minutes = $30
Massage time required (30 min ÷ 60 min) = $0.5
Contribution per hour = $90 × $0.5
= $180
Answer:
There is not enough information to determine the amount
Explanation:
<em>An increase in sales doesn't necessarily mean an increase in before tax income. Sales could increase by 3.8% and the expenses could also increase by a greater/similar percentage leaving behind before tax income constant or decreasing, therefore it's difficult to determine the amount due to lack of enough information. </em>
But, assuming all other expenses remain constant and no change in cost of goods sold then we can say that an increase in sales by 3.8% would be reflected in before tax income with the same percentage. Keeping in mind this assumption, the projected tax expense for 2014 could be as follows:
Lets first calculate current tax rate as follows;
Tax rate= $9.10 m ÷ $51.2 m× 100
Tax rate= 17.77%
Now, lets incorporate projected increase in before tax income.
Projected income = $51.2 m × 1.038
Projected income = $53.1456 million
Tax expense for 2014 = $53.1456 × 17.77%
Tax expense for 2014 = $9.45 million
Answer:
Lia may deduct $110,000 and $135,000 of the net passive losses in 2017 and 2018 respectively.
Explanation:
2017 Passive Activity Limitations $190,000
Passive Income ($80,000) – loss allowed to the extent of passive income
Suspended Passive Activity Limitations $110,000
2018 Passive Activity Limitations $190,000
Passive Income ($55,000) – loss allowed to the extent of passive income
Suspended Passive Activity Limitations $135,000
$245,000 Suspended Passive Activity Limitations
Answer:
I used an excel spreadsheet to record the accounts using the accounting equation.
What is the ending balance of cash after all transactions have been recorded?
$163,900