A+company+borrowed+$29,000+by+signing+a+90-day+promissory+note+at+12%.+the+total+to+be+paid+at+maturity+of+the+note+is:_____.+(use+360+days+a+year.)
Answers
The total amount to be paid at maturity is $29870.
A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.
Amount borrowed = $29,000
Number of days = 90
rate of interest = 12%
rate of interest for 90 days is 12÷360 *90
= 3%
Maturity amount
Interest amount + principal amount
29000×0.03 = 870
= 29000 + 870
= $29870
90-Day Letter is an IRS notice stating that there was a discrepancy or error within an individual's taxes and they will be assessed unless petitioned. The taxpayer has 90 days to respond, otherwise, the audit deficiencies will result in reassessment. Also known as a Notice of Deficiency.
Ninety-day short-term loans are often called payday loans or cash advance loans because you write a check to the lender for the amount you want to borrow, plus a service fee. The lender holds onto your check as collateral, and the full amount of the loan is due at the end of the 90 days.
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Related Questions
When requesting a waiver, the required documents should be presented to the faa at least how many calendar days prior to the planned operation?
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When requesting a waiver, the required documents should be presented to the faa at least 90 days prior to the planned operation?
What is a waiver?A waiver can be defined as a document which FAA issued out to applicant and this document tend to contain rule and regulation a person is expected to follow.
The FAA tend to ensure that applicants submit their applications at least 90 days prior to the start of the planned operation which inturn means that applicant must endeavor to submit their application before days 90 of the planned operation
Therefore When requesting a waiver, the required documents should be presented to the faa at least 90 days prior to the planned operation?
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A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
Answers
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
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Answer:
Option A scarce
Explanation:
If a student identifies "family doesn't have enough money for college" as a barrier to her long-term education goal, which of the following is not a sensible solution?
1. Change long-term career goal to a field that doesn't require college.
2. Research student loans and other grants online
3. Contact the college about scholarship opportunities.
4. Consult a recruiter about ROTC programs or the G.I. Bill.
Answers
Answer:
A.
Explanation:
If a student is facing financial issues for college fees he/she should not be discouraged as the federal government has reformed several financial aids.
The federal government of the United States understand the importance of education for the growth of child and nation as a whole, so they have invested in educational institution to help those students whose parents are unable to pay their college fees.
The unwise idea in such situation is to change long-term career goal. The student should not do this. Rather he/she should inquire about scholarship in their college, search for the grants and student loans, or consult a recruiter.
Therefore, option A is the correct answer.
when should you report a qia or s/hsm
Answers
Any DCMA employee (DoD civilian, military, or contractor) who observes actions or behaviour that is conceivably a QIA or S/HSM shall immediately notify management, the DCMA IO Officer, the IG, the GC, or any other DCMA offices.
Any intelligence-related behaviour or substantial criminal activity that threatens the reputation or integrity of the IC and intelligence activities is considered to be Significant/Highly Sensitive Matters (S/HSM).
A "questionable intelligence activity" (QIA) is any intelligence or intelligence-related operation that could be against the law, in violation of other executive orders, presidential directives, or the DoD policies governing such activities.
Any questionable intelligence activities (QIA) and significant or highly sensitive matters (S/HSM) involving DIA personnel or activities must be reported by the Joint Staff J-2 to the DIA Office of Corporate Communications, which then notifies the DoD Senior Intelligence Oversight Official of the incidents (DoD SIOO).
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Which of the following approaches to value involves the process of developing an opinion of value by using sales of similar properties to estimate the value of the subject property? Sales comparison approach
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The sales comparison approach is one of the approaches to value that involves the process of developing an opinion of value by using sales of similar properties to estimate the value of the subject property.
This approach compares the subject property to similar properties that have recently sold in the same area and uses the sale prices of those properties as a guide to estimate the value of the subject property.
Factors such as location, size, condition, and features of the properties are considered in the comparison. The sales comparison approach is also known as the market data approach or the comparable sales approach.
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3. Gamma Inc., just constructed a manufacturing plant in South Korea. The construction cost 1.8 billion Korean won. Gamma intends to leave the plant open for three years. During the three years of operation, won cash flows are expected to be 0.6 billion won, 0.55 billion won, and 0.5 billion won, respectively. Operating cash flows will begin one year from today and are remitted back to the parent at the end of each year. At the end of the third year, Gamma expects to sell the plant for 1 billion won. Gamma has a required rate of return of 14 percent. It currently takes 1,000 won to buy 1 U.S. dollar, and the won is expected to depreciate by 5 percent per year.
Answers
The NPV of a project that is international involves additional complexities. The first thing that has to be taken into consideration is the currency in which the cash inflows are expected to be received, which might change with time.
Another factor to take into account is the difference in inflation rates between countries, which might alter the relative prices of goods and services. In addition, in an international setting, there is an additional risk component due to the possibility of changing exchange rates that might have an impact on the returns that will be realized in the domestic currency of the parent company.
In order to solve the problem, we need to calculate the NPV of the project. The cash flows are in Korean won, so we need to translate them into U.S. dollars at the current exchange rate and then adjust them for expected inflation and exchange rate changes. The calculation is as follows:
Year 1: CF1 = 0.6 billion won/$600,000; exchange rate = 1,000 won/$; adjusted CF1 = $600
Year 2: CF2 = 0.55 billion won/$550,000; exchange rate = 1,000(1 – 0.05) = 950 won/$; adjusted CF2 = $579.21
Year 3: CF3 = 0.5 billion won/$500,000; exchange rate = 1,000(1 – 0.05)2 = 902.5 won/$; adjusted CF3 = $554.06
Sale price: SP = 1 billion won/$1 million; exchange rate = 1,000(1 – 0.05)3 = 857.375 won/$; adjusted SP = $1,165,408.98
NPV = –Initial investment + CF1/(1 + r) + CF2/(1 + r)2 + CF3/(1 + r)3 + SP/(1 + r)3
where r is the required rate of return and adjusted CFs and SP are expressed in U.S. dollars.
Initial investment = 1.8 billion won/$1.8 million; exchange rate = 1,000 won/$
NPV = –$1,800,000 + $600/(1.14) + $579.21/(1.14)2 + $554.06/(1.14)3 + $1,165,408.98/(1.14)3
NPV = $119,574.66
Since the NPV is positive, the project should be accepted.
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URGENT
In which situation is a country most likely to choose a fixed exchange rate for its currency?
A. A country expects its currency to be more valuable than other countries’ currency.
B. A country is confident that its currency’s market value will remain steady over time.
C. A country that ants to encourage other countries to freely buy and sell its currency.
D. A country wants to make sure that it’s currency is stable in all economic situations.
Answers
Answer:
D. A country wants to make sure that its currency is stable in all economic situations.
Explanation:
In the given options, the situation where a country is most likely to choose a fixed exchange rate for its currency is:
D. A country wants to make sure that its currency is stable in all economic situations.
Choosing a fixed exchange rate allows a country to maintain stability in its currency value and minimize fluctuations. It provides certainty for trade and investment by ensuring that the exchange rate remains constant and predictable. This can be particularly advantageous for countries that want to promote economic stability and attract foreign investment.
the digby company has just issued $6,484,096 in dividends last year. the effect of this payment on the balance sheet is:
Answers
The Baldwin Company just paid out $6,484,096 in dividends. This payment has the following effects on the balance sheet: A. The Net Profit will drop.
What was the common stock of the Chester Corporation?$6.030 million in cash. Assets totaling $123.810 million. - $3.810 million worth of Common Stock in total.
What were the retained earnings of the Digby Corporation?The Digby Corporation's balance sheet at the end of the second quarter showed total assets of $125.645 million and total common stock of $3.810 million. Retained earnings of $27.775 million and cash of $6.030 million. What were the entire liabilities of the Digby Corporation? Answer for video: The video player is loaded.
What was the common stock of the Digby Corporation?Common stock of Digby Corporation is valued at $27,631,000,000. Explanation: According to the data provided about Digby Corporation.
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Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of $4,850. A. $388 b. $776 c. $970 d. $1,358 Please select the best answer from the choices provided A B C D.
Answers
Recurring debt is the form of a due payment that occurs continuously as the amount of the money cannot be cancelled at the debtor's request it consists of the loan payment, alimony and child support.
$388 is the maximum allowable recurring debt.
What is the 28:36 ratio and how it is calculated?The ratio states that a family should expend the utmost of 28% of its monthly earnings on entire housing expenditures but not additionally than 36% on complete debt service.
Given,
Monthly income = $4,850
Maximum expense on housing expense = 28% of 4850\(\dfrac{28 \% \times \$4850}{100\%} = \$1358\)
Maximum expense on total debt service = 36% of 4850\(\dfrac{36 \% \times \$4850}{100\%} = \$1746\)
Therefore, the maximum allowable recurring debt with a monthly income of $4,850\(\$1746 - \$1358 = \$388\)
Thus, option A. $388 is correct.
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Is advertising a fixed variable?
Answers
Answer:
advertising is a fixed cost
does this sentence i wrote make sense:
“Not only this, but as a gateway to contribute to saving the planet.”
Answers
a factor is a financial firm that specializes in buying other firms' accounts receivables. true or false?
Answers
A factor is a financial firm that specializes in buying other firms' accounts receivables isTrue.
Factors provide a valuable service for businesses by purchasing their outstanding invoices or accounts receivables. This process is known as factoring, and it allows companies to receive immediate cash flow instead of waiting for their customers to pay outstanding invoices.Factoring helps businesses to improve their cash flow, manage credit risks, and focus on their core operations without worrying about collecting payments from customers. Factors evaluate the creditworthiness of the businesses' customers and advance funds based on the quality of the receivables. Once the factor collects the payment from the customer, they deduct their fees and return the remaining amount to the business.In summary, factors play an essential role in the financial sector by providing businesses with immediate cash flow solutions and managing their accounts receivables. This service allows companies to focus on growth and development without the burden of waiting for customers to pay their invoices.For more such question on financial management
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The federal income taxes that are withheld from your paycheck are used to pay for what?.
Answers
The U.S. government uses tax withholding to uphold its pay-as-you-go (or pay-as-you-earn) income tax structure. This entails taxing people when they make money rather than attempting to collect income tax after salaries are earned.
Every time an employee is paid, their company deducts a specific amount from their check as income tax. The Internal Revenue Service then receives this payment from the employer (IRS). The amount deducted is shown on the paystub of the employee, and Form W-2: Wage and Tax Statement contains the annual total of deductions. Every year, employers provide W-2 forms to employees so they can submit their yearly income tax returns.
The Internal Revenue Service (IRS) uses both U.S. resident and non-resident withholding taxes to make sure that the appropriate amount of tax is withheld in certain circumstances.
Every employer in the US is required to withhold the first and most frequently mentioned withholding tax, which is on the personal income of US citizens. The withholding tax is now collected by employers, who then pay it directly to the government. Employees are then responsible for paying the balance when they file their annual tax returns in April.
A tax refund occurs when too much tax is withheld. However, if insufficient tax was withheld, the person would be in debt to the IRS.
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List five things that can affect share prices (5)
Nutty Nougat Factory Ltd last paid a dividend of $2.50 and has been growing the dividend at 1% a year lately. If the share price is $27.70 what is the expected rate of return on the share? If your required rate of return is 10% would you buy or sell? (5)
What is the difference between a company’s opportunity cost of capital and an investor’s required rate of return?
Answers
Los precios de las acciones pueden verse afectados por la condición económica, el rendimiento de la empresa y las tendencias de la industria.
Los precios de las acciones pueden verse afectados por cinco factores:1. Conditions of the economy: The general well-being of the economy, including GDP growth, interest rates, inflation, and unemployment rates, can have a significant impact on share prices. Las circunstancias económicas favorables suelen aumentar la confianza de los inversores y impulsar los precios de las acciones.2. Rendimiento de la empresa: El rendimiento financiero de una empresa, que incluye el aumento de las ganancias, la eficiencia y las perspectivas futuras, puede tener un impacto en su precio de las acciones. Strong performance and positive earnings reports often lead to an increase in share prices, while poor performance can lead to a decline.3. Tendencias de la industria: Cambios y tendencias en una industria específica pueden tener un impacto en los precios de las acciones. Los sentimientos de los inversores hacia la industria pueden verse afectados por cambios tecnológicos, cambios regulatorios y competencia en el mercado, lo que a su vez afecta la participación.
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__________is the name for the doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.
Answers
Answer:
Product liability
According to the U.S. Department of Labor, the average American has had how many jobs before the age of 32? a. four b. at least eight c. three or fewer d. one or two
Answers
Answer:
b. at least eight
Explanation:
According to data from the US Bureau of Labor Statistics released in May 2020, an average American has had 8.2 jobs before the age of 32. here is an extract
"--Individuals held an average of 8.2 jobs from ages 18 through 32, with over half of these jobs being held between the ages of 18 and 22".
Answer:
B at least eight
Explanation:
When developing macroeconomic models, economists change their focus from the relationship between consumption and disposable income to the relationship between consumption and ______.
Answers
When developing macroeconomic models, economists change their focus from the relationship between consumption and disposable income to the relationship between consumption and real GDP.
What is real GDP?This term is refered to as the gross domestic product of an economy. GDP is the value of the total goods and services that was produced in an economy at a particular time.
Real GDP makes use of prices that have been calculated for inflation to measure the value of goods.
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An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Answers
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
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how do you think your company's stakeholders would feel about your company simply adjusting to local management practices
Answers
Stakeholders' feelings about adjusting to local management practices would vary depending on the context and their individual interests.
How might stakeholders feel about a company's adjustment to local management practices?However, in general, stakeholders' feelings about a company adjusting to local management practices would depend on various factors such as the specific context, the nature of the adjustments, and the stakeholders' interests.
Some stakeholders may appreciate the company's adaptation as it demonstrates a commitment to local values, culture, and practices.
It may help build stronger relationships with local communities and enhance the company's reputation.
On the other hand, some stakeholders may have concerns about the potential impact on the company's global standards, consistency, and overall performance.
Balancing the interests of different stakeholders and considering the long-term implications would be essential in decision-making related to adjusting to local management practices.
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it is the duty of both the seller's agent and the buyer's agent to conduct a reasonably competent and diligent visual inspection of the property offered for sale. this duty applies to all property types except .
Answers
It is the responsibility of both the seller's agent and the customer's agent to conduct a fairly ready and diligent visible inspection of the property supplied for sale. this responsibility applies to all belongings sorts besides. FIRPTA Exemptions.
A real property dealer works to negotiate and arrange real property transactions. This certified person has day-by-day duties that consist of writing contracts and overseeing transactions for income and buying sports on homes, land, and business properties.
The characteristics of an international sale of products contract consist of the obligation of the vendor delivering the goods and switching the property in the products to the purchaser, which for its composition is of the same opinion to pay the rate for the goods and take delivery of them.
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Mia doesn't have any credit history, so she's going to open a secured credit card to begin building her credit. She puts down an $800 security deposit. What feature of an unsecured credit card is Mia's security deposit most like?
the APR
the term
the credit limit
the annual fee
Answers
Answer:
i think it will be A OR C
Explanation:
The APR feature of an unsecured credit card is Mia's security deposit most like. If the new card doesn't offer a cheaper annual percentage rate, there is no benefit in transferring his credit card balance from one to the other.
What ways does a secured credit card aid in building credit history?
If you consistently make on-time payments, stay out of late fees, and maintain a low balance on your secured credit card, you might be able to create or improve your credit score. Most secured credit cards will notify the three credit reporting bureaus of your payment activity.
You won't have a credit score if you haven't used credit yet. After you open your first credit line, such as a credit card or student loan, you start to develop your credit score. At that time, how you use that first credit account affects your credit score.
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Hello Company provided services to a customer for $6,500 cash. Based on this information alone, which of the following statements is true? O A. Total assets were unchanged. B. Total assets increased and net income increased. C. Liabilities decreased and net income increased. D. Total assets increased and total equity decreased.
Answers
The statement which is true is D. Total assets increased, and total equity decreased.
The sale of services for $6,500 in cash would lead to an increase in the total assets of the Hello Company and a decrease in the total equity.
Accounting is a method used by companies to record their financial transactions, assess their financial position, and issue financial statements. It includes a systematic process of recording, classifying, summarizing, and interpreting financial transactions.
Accounting provides relevant financial information to all stakeholders, including shareholders, creditors, suppliers, customers, and regulatory authorities, to help them make better decisions. Accounting is classified into two categories: financial accounting and management accounting.
Financial accounting refers to the accounting of financial statements, including income statements, balance sheets, and cash flow statements, that provide relevant information to external stakeholders.
In contrast, management accounting provides relevant information to internal stakeholders to help them make better decisions about their operations and finances.
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Buyer demand for private-label athletic footwear is projected to grow
a. faster in the Asia-Pacific region than in the other 3 regions during Years 11-15, but Latin America is projected to be the world's fastest growing region for private-label footwear in Years 16-20.
b. 8-10% annually in North America in Years 11-15, increasing to 10-12% annually in Years 16-20.
c. 12%-14% annually in the Asia-Pacific region and only 10-12% in the Latin America region during Years 11-15.
d. faster in the Asia-Pacific and Latin America regions than in the North America and Europe Africa regions throughout the Year 11-Year 20 period.
e. 9-11% annually in Europe-Africa during Years 11-15 compared to 10-12% in North America during the same Year 11-15 period.
Answers
Buyer demand for private-label athletic footwear is projected to vary across different regions during the Year 11-Year 20 period. According to the given information, the demand for private-label athletic footwear is projected to grow faster in the Asia-Pacific region than in the other three regions during Years 11-15.
The projected growth rate for the Asia-Pacific region is 12%-14% annually, which is higher than the projected growth rate of 8-10% annually in North America during the same period.
However, in Years 16-20, Latin America is projected to be the world's fastest-growing region for private-label footwear, with a growth rate of 10-12% annually. This growth rate is higher than the projected growth rate of 8-10% annually in North America during the same period.
Overall, it can be concluded that the demand for private-label athletic footwear is projected to grow faster in the Asia-Pacific and Latin America regions than in the North America and Europe-Africa regions throughout the Year 11-Year 20 period. Specifically, the growth rate is projected to be 12%-14% annually in the Asia-Pacific region during Years 11-15 and 10-12% annually in the Latin America region during Years 16-20. In contrast, the growth rate is projected to be 9-11% annually in Europe-Africa during Years 11-15 and 8-10% annually in North America during the same Year 11-15 period.
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Gordon ramsay made his tv debut on which competitive cooking show?.
Answers
Urgent, please help (see attached image)
Please help me with this table.
Thanks.
Answers
2. shortage
3. shortage
4. surplus
5. shortage
6. surplus
7. surplus
which curve reflects the probable speed distribution for ne(g) at 500k, if curve 3 is the distribution at 298 k?
Answers
Because the greatest number of molecules have the speed at the top of the curve, it is referred to be the most probable speed.
Introduction
The motion of a molecule in an ideal gas under a certain set of circumstances is ascertained using the kinetic molecular theory. It is, however, impossible to determine the velocity of every molecule at every point of time when observing a mole of a perfect gas. Therefore, to ascertain the number of molecules travelling between velocities v and v + dv, the Maxwell-Boltzmann distribution is applied. Assuming that the one-dimensional distributions are distinct from one another and that the x velocity is unaffected by the y or z directions, we can consider the Maxwell-Boltzmann distribution as an example
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Smolira golf has 11,000 shares of common stock outstanding, and the market price for a shareof stock at the end of 2019 was 86. what is the price-earning eation?
Answers
Smolira golf has 11,000 shares of common stock outstanding, and the market price for a shareof stock at the end of 2019 was 86. The price-earnings ratio (P/E ratio) is $5,
The price-earnings ratio (P/E ratio) is a financial metric that measures the relative value of a company's stock. To calculate the P/E ratio, we divide the market price per share by the earnings per share (EPS).
In this case, we need to know the earnings per share to calculate the P/E ratio. Unfortunately, the question does not provide this information. Without the earnings per share, we cannot calculate the P/E ratio accurately.
However, if we assume that the earnings per share is $5, for example, we can calculate the P/E ratio. Given that Smolira golf has 11,000 shares of common stock outstanding and the market price per share is $86, we can calculate the earnings as follows:
Earnings = EPS * Number of shares = $5 * 11,000 = $55,000
Now, we can calculate the P/E ratio:
P/E ratio = Market price per share / Earnings per share = $86 / $5 = 17.2
Please note that this calculation assumes an EPS of $5, but without the actual earnings per share, we cannot provide an accurate P/E ratio.
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In terms of increasing motivation, which variable-pay plans are better for newco than others?.
Answers
Answer:
piece-rate pay plan
-A bonus plan.
-A profit-sharing plan.
-A merit-based pay plan.
-An employee stock ownership plan
Thanks in advance for your help.
All of the following are needed for the calculation of straight-line depreciation except:a. costb. residual valuec. estimated lifed. units produced
Answers
To calculate depreciation through straight-line method, cost, residual value and estimated life are required. Number/ units of good produced are not required.
The correct answer is option d. units produced.
The straight-line method (SLM) of depreciation is a method of depreciation that evenly spreads out the cost of an item throughout the expected life of the asset. When calculating depreciation using the straight-line technique, the asset's actual use is not taken into account. The formula for calculating depreciation under straight-line method is:
\(Depreciation = \frac{Cost - Residual Value}{Estimate value}\)
The quantity of units produced is the factor that the straight-line technique does not require in order to calculate depreciation.
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a high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free. They send an email to all families enrolled at the school asking them whether they think their students would be likely to drive next year if parking were free. What kind of data source would the responses be?
a. Simulation
b. Experiment
c. Survey
Answers
Answer:
C. Survey
Explanation:
Let’s define these three terms:
- simulation: this is essentially where a scenario is created to mirror an actual real-world situation. Here, that doesn’t apply, so this is wrong.
- experiment: this is a scientific procedure used to determine something or conclude something. Here, it’s not a scientific procedure, so this is wrong.
- survey: a questionnaire is sent out to receive responses. That’s the case here because of the email.
The answer is thus C.
Explanation:
Step 1: Determine what type of data source is being used
A simulation is a way to model random events, such that simulated outcomes closely match real-world outcomes.
A experiment is any procedure that can be infinitely repeated and has a well-defined set of possible outcomes, known as the sample space.
A survey is a data collection tool or list of questions used to gather information about individuals or group.
I think that this is a survey because they send it out to students, to take a "survey" and answer whether they would like to have free parking or not. Therefore, I think that this kind of data source we be a survey.
Answer: Option C, Survey