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aivan3 [116]
3 years ago
15

The average do-it-yourself bedroom makeover costs $475 with a standard deviation of $86 (fictional data). tanya redoes her daugh

ter's room for $602. what percent of bedroom makeovers cost less than tanya spent? (round z score to two decimal places.)
Business
1 answer:
irinina [24]3 years ago
6 0
Given with $475 as the previous cost of the do-it-yourself bedroom makeover, $602 as the cost when she redoes her daughter's room, and $86 as the standard deviation. The percent of bedroom makeovers cost less than Tanya spent, that is rounded to two decimal places is 93.06%.
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The Palace Hotel Group purchased Orange Roof Hotels for an estimated value of $120 billion. All the hotels previously owned by O
sveticcg [70]

Answer:

This scenario best illustrates an acquisition.

Explanation:

Acquisition refers to the situation where a company gains control of the other company by purchasing all or most of its shares. Acquisitions are common in small and medium-sized firms and may happen with or without the consent of the target company.

In the given example, Orange roof hotels are the target company that is being purchased by the Palace Hotel group which will now control the assets of the Orange roof hotels and take business decisions.

7 0
4 years ago
Read 2 more answers
Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45,000 bottles of wine were sold every
dangina [55]

Answer: a) $6

b) Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $3 per bottle.

c) False

Explanation:

a) The amount of tax paid on a bottle can be calculated as,

Amount of tax = Price paid by consumers - Price received by producers

Amount of tax = 7 - 1

Amount of tax = $6

b) The tax burden on the consumer is given by,

Tax burden of consumers = Price paid by consumers - Pre-tax Price

Tax burden of consumers = 7 - 4

Tax burden of consumers = $3

Tax burden of producers = Pre-tax price - Price received by producers

Tax burden of producers

Tax burden of producers = 4 - 1

Tax burden of producers = $3

c) False

Quantity sold does not change depending on who is taxed between the producer and the supplier.

5 0
3 years ago
Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct
Tpy6a [65]

Answer:

$78,000

Explanation:

Total cost of producing 2,000 tires:

= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost

= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)

= $58,000 + $20,000

= $78,000

Therefore, the total cost of producing 2,000 tires is $78,000.

8 0
3 years ago
Joe has $100,000 in an investment account. He is looking to retire in 12 years. He needs a minimum of $240,000 in order to retir
Paul [167]

Answer:

Present value (PV) = $100,000

Number of years (n) = 12 years

Future value (FV) = $240,000

FV = PV(1 + r)n

$240,000 = $100,000(1 + r)12  

<u>$240,000</u> = (1 + r)12

$100,000

2.4 = (1 + r)12

12√2.4 = 1 + r

1.0757 - 1 = r

0.0757 = r

r = 0.0757 = 7.57% = 8%

Explanation:

In this case, we need to apply the formula for future value of a lump sum (single investment). The present value, future value and number of years have been provided in the question with the exception of interest rate. Thus, interest rate becomes the subject of the formula,which implies that we will solve for interest rate.

7 0
4 years ago
Suppose the spot rates for 1 and 2 years are s1=6.3% and s2=6.9% with annual compounding. recall that in this course interest ra
user100 [1]

Since the problem assumes annual compounding, then the relationship of forward rate and spot rates is given in the equation:

f1,2 = ((s2^2 / s1) - 1)

Therefore,

f1,2 = ((1.069^2 / 1.063) - 1)

f1,2 = 0.075 = 7.5%

Forward rate is 7.5%.

4 0
3 years ago
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