You can fund a four-year college degree by either of the following:
1. Loans
Loans can be acquired through federal aid or private means. They must be paid back with interest when the student has graduated. They are guaranteed by the federal government.
2. Scholarships
Scholarships depends on criterias from who will sponsor it. These criterias may include financial need, merits, field of study, etc. There are those who can help students look for a scholarship that fit them like counselors, the government or its agency, community organizations, etc.
3. Work-study programs
They operate with the financial aid office of the school. However, they require the student's determination and financial needs.
Answer:
Check the explanation
Explanation:
Let 'X' be a random variable representing the demand and it is given that X ~ N(50, 20)
According to this problem, we have to just find the value X=x when the probability that the random variable 'X' takes a value less than or equal to 'x' is 97.5%. Mathematically,
P(X ≤ x) = 0.975
x = ?
We will transform this in the form of standard normal variable Z when Z = (X-50) / 20) and Z ~ N(0, 1)
P(\frac{X-50}{20}\leq \frac{x-50}{20}) = 0.975
or,
P(Z\leq \frac{x-50}{20}) = 0.975
We consult the standard normal table to get the corresponding value of Z for P=0.975 and get Z = 1.96
So, (x - 50) / 20 = 1.96
i.e. x = 89.2
So, Delicious Frosting should prepare 90 cakes in order to meet the service level of 97.5%.
<u><em>N.B: The value of 'x' can also be found easily by using the Excel formula =NORM.INV(0.975, 50, 20)</em></u>
Answer
The answer and procedures of the exercise are attached three images. The maximum profit is 262.500
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in three images.
Answer:
At the time of purchase of raw material inventory,
Raw material inventory account will debit and accounts payable account will credit.
Therefore, the Journal entry for this transaction is as follows:
Raw Materials Inventory Account Dr. $36,000
To Accounts Payable $36,000
(To record the purchase of raw material on account)
Workings:
Raw material Inventory = Units of raw material purchased × Price per unit
= 6,000 × $6
= $36,000
Answer:
The correct answer is : Planned Investment Spending
Explanation:
This is the spending which business plans to commit to during a special period of time. It is related to the interest rate. It is done in order to gain capital goods or stock and they are used to speed up the movement of cash in a company. This investment is intended by firms
