Answer:
The probability that the sample mean is less than $56,000 is 0.0375.
Explanation:
Let <em>X</em> = teacher's salary in Connecticut.
The random variable <em>X</em> follows a Normal distribution with parameters <em>μ</em> = $57,337 and <em>σ</em> = $7,500.
A random sample of <em>n</em> = 100 teacher's salaries are selected.
The sample mean of every sample of 100 salaries will follow a normal distribution with mean <em>μ</em> and standard deviation <em>σ</em>/√n.
Compute the probability that the sample mean of the 100 salaries is less than $56,000 as follows:
*Use a <em>z</em>-table for the probability.
Thus, the probability that the sample mean is less than $56,000 is 0.0375.
Answer:
O C. Buying and selling treasury securities
Explanation:
Through the Federal Reserve, the government employs monetary policy to influence the direction and speed of economic growth. Open market operations are part of the monetary policies. It entails the government buying or selling securities from commercial banks.
Monetary policies regulate the amount of money supply in the economy. When the government wants to increase the amount of money in the economy, it buys government securities from banks. The Fed deposits large sums of money to banks in exchange for the securities. The Banks lends the money to firms and households, therefore increasing money in the economy. The selling of securities by the Fed decreases the amount of money in the country.
Answer:
c. credit card bill
Explanation:
A credit card bill is a liability. It is a debt owned by the business to be paid within an accounting period. A credit card reflects authorization by the credit card company of a line of credit for the buyer with predetermined interest rates and payment terms- hence the term credit card. Most companies waive interest charges on the line of credit if the buyer pays its balance in full each month.
Once a credit is established with a credit card company or bank, the customer does not have to open an account with each store . Customers using these credit cards can make single monthly payments to different creditors and can defer their payments.
<em><u>Deffered payments </u></em> are a liability for a customer and need to be paid within the accounting period.
Answer:
A 1031 Exchange allows a taxpayer like Rodriguez to temporarily differ any capital gains when they sell a property and immediately purchase another property using the proceeds from the sale. In the first part of the question, Rodriguez sold a property that had a basis of $57,000 for $65,000, and immediately but another property worth $65,000. That means that he doesn't need to immediately pay any taxes for the $8,000 gain.
But if the situation is the opposite. Instead of making a gain, Rodriguez lost money, then he should immediately record the $8,000 loss in order to lower his taxes. The less taxes you pay, the better. The whole idea of the 1031 Exchange is to defer taxes that you owe, not to defer losses that will lower your taxes.
Answer:
Food is more profitable
Explanation:
The formula for calculating the gross margin ratio is as below.
Gross margin ratio= gross profit/ net sales.
Therefore, gross profit= net sales x gross profit ratio
in this case:
The gross profit ratio is 67%
gross profits from food sales
=1200 x (67/100)
=$804
Gross profit from beverages
=$800 x ( 67 /100)
=$536
Gross profit from food sales is higher than that of beverages
Food is more profitable
