Answer:
The agency collected $ 622.5.
Explanation:
Since HRH Collection Agency keeps a collection fee of 25% of any amounts collected, to determine how much did the agency collect on a bad debt if the agency forwarded $ 2490 to a client, the following calculation must be performed:
2490 x 0.25 = X
622.5 = X
Therefore, the agency collected $ 622.5.
Answer:
8.8%
Explanation:
Given:
Excess return = 6% = 0.06
Return respond factor = 1.2
Expected higher percent = 1.5% = 0.015
Increase growth (stock price) = 1% = 0.01
Actual excess return = ?
Computation of actual excess return:
Actual excess return = Excess return + Increase growth (stock price) + [Expected higher percent × Return respond factor]
= 0.06 + 0.01 + [0.015 × 1.2]
= 0.07 + [0.018]
= 0.088
= 8.8%
Answer: -29.75% to 52.33%
Explanation:
Given the Average return and the standard deviation, the range that is to be expected 95% of the time can be calculated by;
Upper bound = Average + (2 * standard deviation)
Lower Bound = Average - (2 * standard deviation)
Upper bound = 11.29% + (2 * 20.52%)
= 11.29% + 41.04%
= 52.33%
Lower bound = 11.29% - (2 * 20.52%)
= 11.29% - 41.04%
= -29.75%
The range is, -29.75% to 52.33%
