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Alenkasestr [34]
3 years ago
14

Finance is defined as ______.

Business
1 answer:
Oksana_A [137]3 years ago
6 0

Answer:

the management of large amounts of money, especially by governments or large companies.

Explanation:

It's just common sense.

You might be interested in
Suppose a new standardized test is given to 99 randomly selected​ third-grade students in New Jersey. The sample average score U
IgorLugansk [536]

Answer:

(a) 95% confidence interval for the mean score of all New Jersey third graders is (53.01, 56.99)

(b) 90% confidence interval for the difference in mean scores between lowa and New Jersey is (3.71, 4.29)

Explanation:

Confidence Interval = mean + or - Error margin (E)

(a) New Jersey

mean = 55

sd = 10

n = 99

degree of freedom = n - 1 = 99 - 1 = 98

Confidence level (C) = 95% = 0.95

Significance level = 1 - C = 1 - 0.95 = 0.05 = 5%

t-value corresponding to 98 degrees of freedom and 5% significance level is 1.9846

E = t×sd/√n = 1.9846×10/√99 = 1.99

Lower limit = mean - E = 55 - 1.99 = 53.01

Upper limit = mean + E = 55 + 1.99 = (56.99)

95% confidence interval is between 53.01 and 56.99.

(b) Lowa

mean = 59

sd = 13

n = 198

Difference in mean between Lowa and New Jersey = 59 - 55 = 4

Difference in sd between Lowa and New Jersey = 13 - 10 = 3

degree of freedom = n1 + n2 - 2 = 99 + 198 - 2 = 295

Confidence level = 90%

Significance level = 10%

t-value corresponding to 295 degrees of freedom and 10% confidence interval is 1.65312

E = t×sd/√n = 1.65312×3/√297 = 0.29

Lower limit = mean - E = 4 - 0.29 = 3.71

Upper limit = mean + E = 4 + 0.29 = 4.29

90% confidence interval is between 3.71 and 4.29

5 0
3 years ago
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30
Sati [7]

Answer:

Number of conversion equivalent units of production =   65,000 units

Explanation:

<em>Under the FIFO, when accounting for completed units during a period, it assumed that the opening are first completed before the newly introduced ones.</em>

This principle is adopted as follows:

Item                               units                                          Equiv Unit

Inventory                      4,000     4000 × 70%               2,800

Fully worked                58,000    58,000 × 100%        58,000

Closing Inventory       7,000       7000 ×   60%            <u>4,200</u>

                                                                                      <u>  65,000</u>

Note

<em>Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.</em>

<em>The opening was brought forward from May when 30%  of work is already done, so the balance of 70% is expected to be done in June. </em>

<em>Also out of the 65,000 units completed in June, under FIFO, we assume that the first 4,000 units of opening inventory were completed first</em>

   Number of conversion equivalent units of production =   65,000 units

4 0
4 years ago
If there is an even number of data, how is the median found?
pishuonlain [190]

Answer:

the average of two middle numbers

Explanation:

the median is the number in the middle of an arranged from smallest to largest number of a set of numbers

when you have an even number of data there is no 1 number in the middle so you take the average of the 2 middle numbers

4 0
3 years ago
Methods that FNB can use to compete with other bankes in SA
3241004551 [841]
The Methods that FNB can use to compete with other banks are :

- Utilizing their banking technology in order to achieve maximum efficiency
- by Acquiring profitable subsidiaries that exist in South Africa
- by lowering their interest rates to attract more people that wanted to find some capital injection
8 0
4 years ago
Look at the following data: durable goods = $200 billion; nondurable goods = $350 billion; services = $600 billion; fixed invest
Jet001 [13]

Answer:

The answer is $1,701 billion

Explanation:

Gross Domestic Product (GDP) is the cumulative (total) market value of the final outputs (goods and services) produced within an economy(country) during a given period of time usually a year.

GDP = C + I + G + (X - M)

where C - expenditure by households or consumers

I - investments by businesses or firms

G - expenditure from the government

X - exports from the country

M - imports into the country

Total consumers' expenditure is:

durable goods = $200 billion;

nondurable goods = $350 billion; services = $600 billion

Total. $1,150 billion

Total business investment is $200billion

Therefore, GDP is

$1,150 + $200 + $400 + ($30 - $79)

=$1750 - $49

= $1,701 billion

6 0
3 years ago
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