Given that S<span>am's distribution of meal costs has a mean of $9 and a
standard deviation of $3, this means that the range of Sam's meal cost
that are within one standard deviation is given by ($9 - 3, $9 + 3) =
($6, $12).
Given that Sam </span><span>always tips the server $2
plus 10% of the cost of the meal, this means that when the cost of the
meal is $9, Sam tips $2 + (0.1 x 9) = $2 + $0.9 = $2.90
Therefore, the mean of the distribution of Sam's tips is $2.90
Similarly, the </span><span>range
of Sam's tips that are within one standard deviation is given by ($2 +
0.1(6), $2 + 0.1(12)) = ($2 + 0.6, $2 + 1.2) = ($2.6, 3.2) = ($2.9 -
$0.3, $2.9 + $0.3)
Therefore, </span><span>the standard deviation of the distribution of Sam's tips is $0.3</span>
Answer:
The amount Van can include on his return as qualified medical expenses before limitation is $2,700
Explanation:
The amount of medical expenses that Van can include on his return as qualified medical expenses before limitation are the following:
a. $1,500 for doctor bills for van's son who is claimed as a dependant by Van's former spouse.
b. $300 for Van's eyeglasses
c. $900 for Van's dental work
Therefore, amount Van can include on his return as qualified medical expenses before limitation=$1.500+$300+$900
amount Van can include on his return as qualified medical expenses before limitation=$2,700
Answer: Net markups are included.
Explanation:
The retail inventory method is used to know a store's merchandise value.
Under the retail method, in determining the cost-to-retail percentage for the current year, net markups are included.
It should be noted that the net markups are applicable to net costs.
Answer: 12
Explanation: The ratio of number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-
= 
where,
cost of goods sold = beginning inventory + net purchase - ending inventory
= $50,000 + $460,000 - $30,000
= $ 480,000
average inventory = 
=
= $40,000
so,
inventory turnover ratio = 
= 12
Answer:
Very small or no dividend
Explanation
Dividend is simply the distribution of profit made by company, firm e.t.c to its shareholders. Most startup company do pay little dividend due to the profit outcome but others do not. It is necessary to pay dividend to shareholders as it shows your devotion and commitment to look after and be in one mind with investors.
most companies that are just startups do not pay a dividend mostly during the early stage of growth. The revenue derived from startup is used to grow and develop the company and not to share with shareholders but sharing little is not bad a all.
