Answer:
They will have $37,595.23 in mutual fund in 15 years
Explanation:
<em>Step 1: Determine the present value of savings</em>
This can be expressed as;
Present value=monthly savings×number of months in 15 years
where;
monthly savings=$50
number of months in 15 years=12×15=180 months
replacing;
Present value=50×180=$9,000
<em>Step 2: Determine the future value of savings including interest</em>
This can be expressed as;
FV=PV(1+R)^N
where;
FV=future value
PV=present value
R=annual interest rate
N=number of years
In our case;
FV=unknown
PV=$9,000
R=10%=10/100=0.1
N=15 years
replacing;
FV=9,000(1+0.1)^15
FV=9,000(1.1)^15
FV=$37,595.23
They will have $37,595.23 in mutual fund in 15 years
Answer:
May sales collection
May cash sales 107,250
April account sales <u> 491,400 </u>
Total sales collection 598,650
Explanation:
On May we will collect the cash sales for May
And the sales on account for April, we need to calcualte and add these two values.
Sales for May
3,900 x 275 = 1,072,500
<em>Cash Sales for May </em>
<em>10% of may sales: 107,250</em>
<em />
Sales from April
2,100 x 260 = 546,000
<em>Credit sales for April </em>
<em>546,000 x 90% = 491,400</em>
Answer: a. Gardening gloves
b. Terracotta planters
c. Garden scissors
d. Watering cans
Explanation:
From the question, we are informed that Helga runs a website on which she sells houseplants and that she also earns through pay-per-click advertising that allows search engines to show targeted ads on her site.
All the products will be advertised on her website. The gardening gloves, terracotta planters, garden scissors and the watering cans are all materials that are required for plant growth to provide water and keep weeds away.
Answer:
The statement is true
Explanation:
As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.
To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.
It's also established that point estimate get more clearer and understandable, and the difference between the mean and the null value can be easily singled out if the sample size is bigger.
Suffix to say, however, while the difference may connote a statistical importance, the practical implication notwithstanding, will be looked and studied on a different set of rules and procedures, beyond the statistical relevance.
Answer:
A) skewed to the right with a mean of $4000 and a standard deviation of $450.
Explanation:
While the days are picked at random, the size of the sample is enough to represent the reality. Among the random pick those days of football game will be picked too and will skewed to the right the distribution
The distribution will not change into normal as the reality is that distribution of revenue is not normally distributed among the days of the year.
