Answer:
Ending balance in account = $4,203.8 (Approx.)
Explanation:
Given:
Starting balance in account = $4,000
Rate of interest annually = 5%
Number of year = 1
Find:
Ending balance in account
Computation:
Compounded quarterly
So,
Number of interest period = 1 x 4 = 4
Rate of interest quarterly = 5% / 4 = 1.25% = 0.0125
So,
A = P[1+r]ⁿ
Ending balance in account = 4,000[1+0.0125]⁴
Ending balance in account = 4,000[1.0125]⁴
Ending balance in account = 4,000[1.05094]
Ending balance in account = 4203.76
Ending balance in account = $4,203.8 (Approx.)
A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies.
<h3>What is meant by Sherman Antitrust Act?</h3>
A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies. The law, which was passed in 1890, made it illegal for these organizations to dictate, regulate, and manipulate pricing in a certain market.
The Sherman Antitrust Act, a statute enacted in the United States that outlawed trusts, forced these tiny groups of independent businesses that joined to form a massive corporation and essentially established a monopoly in the oil sector to sell their shares, thereby boosting competition. This was a direct shot at American Tobacco and Standard Oil.
Therefore, the correct answer is option c. Sherman antitrust act.
The complete question is:
Which of the following was an attempt to restrict a monopoly of the oil industry in the united states?
a. Dingley Act of 1867
b. interstate commerce commission
c. Sherman antitrust act
d. McKinley tariff of 1890
To learn more about Sherman Antitrust Act refers to:
brainly.com/question/19579112
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Answer:
The coefficient of correlation (r) is between 0 and 1 (0 < r ≤ 1).
Explanation:
If there is a positive correlation, it means the correlation coefficient is positive. This implies that both variables increase together, when X tends to increase, Y tends to increase.
A perfect positive correlation (in which all the points on a scatter plot lie on an ascending straight line) has a coefficient of correlation, r equals to one (r = 1).
Also, when the values of r are close to 1, it indicates a strong positive correlation while positive values closer to 0 indicate a weak positive correlation.
Answer:
According to Given Data
$9,094
According to correct data
$9,456
Explanation:
Options given are inconsistent with the data given in the question.
According to given data
All the assets that are in cash or expected to be converted into cash within next one year are classified as Current Asset e.g cash, inventory etc.
Cash $5,685
Accounts Receivable $2,794
Prepaid Expenses <u>$615 </u>
Total Current Assets <u>$9,094</u>
The Following answer is made according to correct data.
* According to Correct data
All the assets that are in cash or expected to be converted into cash within next one year are classified as Current Asset e.g cash, inventory etc.
Cash $5,976
Accounts Receivable $2,861
Prepaid Expenses <u>$619 </u>
Total Current Assets <u>$9,456</u>
