Answer:
lower range 33.822 years
upper range 38.178 years
Explanation:
step 1:
48 -1 = 47
step 2:
(1 - 95%) / 2 = 0.025
step 3:
we look at the T distribution table for degrees of freedom (df) = 47, and α = 0.025; = 2.0117
step 4:
divide sample standard deviation by square root of sample size
7.5 years / √48 = 7.5 / 6.9282 = 1.0825
step 5:
multiply results from step 3 and 4
2.0117 x 1.0825 = 2.178
step 6:
for the lower range, subtract step 5 from sample mean
36 - 2.178 = 33.822
step 7: for the upper range, add step 5 with sample mean
36 + 2.178 = 38.178
Answer:
Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables
Explanation:
Vegetables Chicken Trade Off Ratio
John 40 10 4:1 (40/10) or 1:0.25 (10/40)
George 25 5 5:1 (25/5) or 1:0.20 (5/25)
John has comparative advantage in Chicken and George has comparative advantage in Veggies because :
- John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
- George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).
So, John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.
- It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
- Unitary method:- '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .
Answer:
Date General Journal Debit Credit
Debt investment 8850
Cash 8850
Dec 30 Cash 7000
Debt investment 6500
Gain on sale of investment 500
Explanation:
Answer:
$250
Explanation:
Computation of cash flows from investing activities under GAAP.
The Purchase of used equipment as well as the sale of investments often affect cash flow from operating activities.
Therefore,
Sale of investments $450
Less Purchase of used equipment (Cash outflow) ($200)
Cash flow from investing activity $250
Therefore the cash flows from investing activities under GAAP would be $250
Two constraints to maximizing profit are cost of production and consumer demand.
Consumer demand is essential for revenue. Competition and budget can affect demand and put constraints to profit maximization. Cost of production can constraint profits maximization too because the higher the cost of raw material, the higher the cost of production will be, which in turn will affect the price of the product. This increase in price can also affect the demand.
The answer is then D.
