answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dem82 [27]
2 years ago
14

Korey’s comic book store has been up and running for 4 years. Korey feels that his store has been successful and is considering

moving to a larger property to allow for greater inventory and customer opportunities in his business. He would like investors to cover the cost of his expansion.
The profits of Korey’s comic book store for its first four years are outlined below. According to this information, what would be the best estimate for Korey to quote as expected profits in the next year in his new business plan?
Year
Net Profits
1
$14,250.00
2
$15,390.00
3
$16,621.20
4
$17,950.90
5


a.
$20,550.19
b.
$19,090.90
c.
$19,280.60
d.
$19,386.97
Mathematics
2 answers:
Inessa05 [86]2 years ago
8 0
Year      Net Profit
1            <span>$14,250.00
2            $15,390.00
3            $16,621.20
4            $17,950.90</span>2

We need to get the increase of the net profit of the current year from the previous year.

Percentage increase = (Current year - Previous Year)/ Previous Year    * 100%

Year 2:  (15,390 - 14, 250) / 14,250   * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%

Every year the net income increases by 8%. So, the net income in Year 5 will be:

17,950.90 x 1.08 = 19,386.97  Choice D.

ira [324]2 years ago
6 0
D. $19,386.97 is the right answer
had it on a test
You might be interested in
An attempt to establish a video call via some social media app may fail with probability 0.1. If connection is established and i
xxMikexx [17]

Answer:

(1). y = x ~ Exp (1/3).

(2). Check attachment.

(3). EY = 3(1 - e^-2).

(4). Var[y] = 3(1 - e^-2) (1 -3 (1 - e^-2)) - 36e^-2.

Step-by-step explanation:

Kindly check the attachment to aid in understanding the solution to the question.

So, from the question, we given the following parameters or information or data;

(A). The probability in which attempt to establish a video call via some social media app may fail with = 0.1.

(B). " If connection is established and if no connection failure occurs thereafter, then the duration of a typical video call in minutes is an exponential random variable X with E[X] = 3. "

(C). "due to an unfortunate bug in the app all calls are disconnected after 6 minutes. Let random variable Y denote the overall call duration (i.e., Y = 0 in case of failure to connect, Y = 6 when a call gets disconnected due to the bug, and Y = X otherwise.)."

(1). Hence, for FY(y) = y = x ~ Exp (1/3) for the condition that zero is equal to y = x < 6.

(2). Check attachment.

(3). EY = 3(1 - e^-2).

(4). Var[y] = 3(1 - e^-2) (1 -3 (1 - e^-2)) - 36e^-2.

The condition to follow in order to solve this question is that y = 0 if x ≤ 0, y = x if 0 ≤ x ≤ 6 and y = 6 if x ≥ 6.

8 0
2 years ago
A student has an allowance of $20 a week. He wants to buy lunch at school for $3.50 everyday. Does this student have enough mone
Alex787 [66]

Answer:

no

Step-by-step explanation:

in a 7 day week, he would need $24.50

8 0
2 years ago
Which statements describe an object in motion that has no external force acting on it? Check all that apply.
Step2247 [10]

Answer: it moves at a constant speed and stays in the same direction

Step-by-step explanation:

It does this because there is no friction or nothing pushing on it therefore there is nothing to slow it down or speed it up

5 0
2 years ago
Read 2 more answers
A pile of 10000 sheets of paper is 85cm thick. What is the thickness of 1 sheet of paper?
vodka [1.7K]
To find the thickness of one paper, you set up proportions. 10,000 sheets/85 cm=1 sheet/ x cm. Then you cross multiply and get,
85=10,000x
Then find x,
x=.0085
Or .0085 cm
Another way to find it is just to divide 85 by 10,000 from the start because you need to find the thickness of one paper, not ten thousand. 
Hope this helps. 
5 0
2 years ago
Read 2 more answers
A musician uploads a music video to the internet and sends a link to the video to 4 friends. Each friend send the link to 4 diff
marin [14]
If the people who didn't watch it still sent it
192 viewers
4 0
2 years ago
Other questions:
  • What is 119,000,003 in expanded form
    15·1 answer
  • $24 saved after 3 weeks; $52 saved after 7 weeks. are these ratios equivalent
    8·2 answers
  • In which diagram are angles 1 and 2 vertical angles?
    11·2 answers
  • Describe the piece wise function below by evaluating the function for given values of the domain.
    10·1 answer
  • 1.6w - 1.2w + 3.5 + 4.7w
    15·1 answer
  • In a theater there are 12 chairs in the first row, each row has 2 more chairs than the previous row, and there are 10 rows. How
    12·1 answer
  • Simplify the numerical expression 5.75 - 1/2 (20÷2.5) ÷ 2+6
    12·1 answer
  • Rodrigo is sitting on the branch of an apple tree. He tosses an apple to a friend who is sitting on the ground.
    9·1 answer
  • Last year the cost of a season ticket for a Rugby club was £370
    9·2 answers
  • Millie needs to cook a roast lamb for 1 hour and 50 minutes at 356c. How much does the roast weigh in kilo grams if the recommen
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!