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Scrat [10]
2 years ago
13

A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home

improvement account that has earned an average of? 5.25% per year. does eric have enough money in his account to pay for the backyard fixminus??up?
Business
1 answer:
lana [24]2 years ago
4 0

The amount of money that Eric will have after 5 years given the initial amount and the interest per year (which we will assume to be compounded)

<span>                                    F = P x (1 + r)^n</span>

Substituting,

<span>                                    F = ($7,500)(1 + 0.0525)^5</span>

<span>                                    F = $9,686</span>

<span>Therefore, Eric will be short of about $113.39. </span>

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The manager at the Overton Hotel in Lubbock believes that the success of the Texas Tech Red Raider Basketball team has an impact
deff fn [24]

Answer: 99.51%

Explanation:

This is a linear regression problem.

The relationship between the success of the team and the occupancy rate is in the form:

y = mx + c

y = occupancy rate

m = slope

x = number of games

c = slope

Intercept is supposed to be negative in question:

= 0.0474 * 31 + (-0.4743)

= 99.51%

<em>Options are most probably for a variant of this question.</em>

4 0
1 year ago
The last time he flew Jet Value Air, Juan's plane developed a fuel leak and had to make an 4) emergency landing. The time before
IrinaK [193]

Answer:

Explanation:

The answer is C) selective perception because juan has only had a couple of experiences causing him to make up his mind

8 0
2 years ago
On January 1, 20X9, Pirate Corporation acquired 80 percent of Sea-Gull Company's common stock for $160,000 cash. The fair value
Ainat [17]

Answer:

Consider the following calculations. The answer is $135,000.

Explanation:

Book value of inventory of acquiring company before combination = $90,000

Fair value of acquired inventory = $45,000

Amount of total inventory immediately after business combination = $90,000 + $45,000 = $135,000

Hence, answer is $135,000

7 0
2 years ago
You have been hired as a consultant to a small clothing manufacturer who wants to emulate the success of zara and benetton. she
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4 0
2 years ago
Turnbull Co. has a target capital structure of 45% debt, 4% preferred stock, and 51% common equity. It has a before-tax cost of
3241004551 [841]

Answer:

TurnBull's Weighted Average cost of capital is higher by 1.07% if the used common Equity to raised the capital.

Explanation:

First, using the WACC formula and using Retained earnings cost of Capital. we get the following outcome.

WACC = Debt W x after tax cost of Debt + Preferred Stock weight x Cost of capital + Equity W x Cost of Capital

WACC = 45% x 8.33% + 4% x 12.20% + 51% x 14.70% =

WACC = 3.75% + 0.49% + 7.50% = 11.73%

Second, using the WACC formula and using common equity cost of Capital. we get the following outcome.

WACC = Debt W x after tax cost of Debt + Preferred Stock weight x Cost of capital + Equity W x Cost of Capital

WACC = 45% x 8.33% + 4% x 12.20% + 51% x 16.80% =

WACC = 3.75% + 0.49% + 8.57% = 12.80%

Increase Cost using common equity over Retained earnings is (12.80% - 11.73% ) = 1.07%

4 0
2 years ago
Read 2 more answers
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