The 95% confidence interval for the proportion of all dies that pass the probe is (0.646, 0.736).
To calculate the 95% confidence interval for the proportion of all dies that pass the probe, we can use the following steps:
Step 1: Determine the sample proportion (p-hat)
p-hat = number of dies that passed / total number of dies examined
p-hat = 246 / 356
p-hat ≈ 0.691
Step 2: Determine the standard error (SE)
SE = √((p-hat * (1 - p-hat)) / n)
SE =√((0.691 * (1 - 0.691)) / 356)
SE ≈ 0.023
Step 3: Find the 95% confidence interval using a z-score of 1.96
Margin of Error (ME) = z-score * SE
ME = 1.96 * 0.023
ME ≈ 0.045
Step 4: Calculate the confidence interval
Lower Limit = p-hat - ME
Lower Limit ≈ 0.691 - 0.045
Lower Limit ≈ 0.646
Upper Limit = p-hat + ME
Upper Limit ≈ 0.691 + 0.045
Upper Limit ≈ 0.736
Based on the given data, we can be 95% confident that the true proportion of dies that pass the probe falls within the range of 64.6% to 73.6%.
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Total revenue (TR) is:
A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time
Describe one accountability issue of a business
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
Analyse the importance of price stability in preventing the extreme fluctuations in business cycles
Price stability plays a crucial role in preventing extreme fluctuations in business cycles and ensuring a stable economic environment. Here are two key reasons why price stability is important in this context:
1. Promoting Economic Confidence: Price stability instills confidence in businesses and consumers, leading to stable expectations and decision-making. When prices remain relatively stable over time, businesses can accurately predict costs and plan investments, fostering long-term economic growth. Likewise, consumers can make informed purchasing decisions without worrying about sudden price increases eroding their purchasing power. This stability in economic conditions encourages business expansion, investment, and consumer spending, all of which contribute to a more balanced and sustainable business cycle.
2. Minimizing Distortions and Inefficiencies: Extreme fluctuations in prices can introduce distortions and inefficiencies into the economy. Rapid price increases, known as inflation, erode the value of money and can lead to hoarding or speculative behavior. On the other hand, rapid price decreases, known as deflation, can discourage spending and investment as individuals and businesses anticipate further price declines. Both scenarios disrupt the normal functioning of markets, making it challenging for businesses to plan, invest, and hire employees. Price stability reduces these distortions, creating a more predictable and efficient economic environment where resources are allocated more effectively.
In summary, price stability is essential for preventing extreme fluctuations in business cycles. It promotes economic confidence, facilitates long-term planning, and minimizes distortions and inefficiencies in the economy. By maintaining price stability, policymakers can support a more balanced and sustainable economic growth trajectory.
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On a loan of $32,000 at 7% interest for 6 months, how much do you wind up paying to pay off the loan?.
The amount to be paid at the end of the loan period will be $33,120. The rate of interest on the loan is given as per annum and hence the interest is to be calculated for 6 months.
Calculation of settlement amount of loan:Given:
\(\rm Principal &= \$32,000\\\\Rate &= 7\%\:per\:annum\\\\Tenure = 6\:months\)
Interest is calculated from the following formula:
\(\rm Interest = Principal\times Rate \times Tenure\)
Hence the interest for the loan will be:
\(\begin{aligned}\rm Interest &= \$32,000\times 7\% \times 6\: months\\\\&= 32,000 \times \dfrac{7}{100}\times \dfrac{6}{12}\\\\&= \$1,120\end\)
The final payment for the loan will be the combination of principal and interest.
Therefore final payment = $32,000 +$1,120
= $33,120
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A+state's+sales+tax+is+8%.+this+places+a+higher+burden+on+low+income+individuals.+what+type+of+tax+system+does+this+represent?+direct+regressive+progressive+proportional
A state's sale tax is 8%. This places a higher burden on low income individuals. This represent the regressive tax system.
Low-income individuals generally pay a higher amount of taxes as compared to the high-income earners under a regressive tax system.
This is because the government does the assessment of tax as a percentage of the value of the asset which a taxpayer purchases and owns. This type of tax has no correlation with the earnings of the individual or his income level.
Regressive taxes includes different type of taxes such as property taxes, sales taxes on goods, and excise taxes on consumables for example gasoline or airfare.
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Perfect Pasta plans to open five new stores before 2018. However, if the economy does not improve and if consumer confidence does not rise as hoped, it might open just two stores. This backup plan is an example of a(n) ________ plan
In trading account freight belongs to which side debit or credit?
Answer:
Explanation:
In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation
Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.
Increase in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.
What are the common errors that are
common during organizational change?
How can each be avoided? If they occur,
how can each be addressed?
During organizational change, there are several common errors that can occur. These include:
1. Lack of clear communication: This error can be avoided by ensuring that communication channels are open and transparent. It is important to clearly communicate the reasons for the change, the desired outcomes, and the roles and responsibilities of all individuals involved.
2. Resistance to change: To avoid this error, it is crucial to involve employees in the change process from the beginning. By soliciting their input, addressing their concerns, and providing training and support, resistance can be minimized.
3. Inadequate planning: This error can be avoided by conducting a thorough analysis of the change requirements and developing a comprehensive plan. This plan should include realistic timelines, clear objectives, and sufficient resources.
4. Poor leadership and support: To address this error, leaders should actively support and champion the change effort. They should provide guidance, motivate employees, and address any issues or challenges that arise.
5. Lack of employee engagement: To avoid this error, it is important to involve employees in the change process. This can be done through regular communication, soliciting feedback, and involving them in decision-making.
If any of these errors occur during organizational change, they can be addressed by taking the following steps:
1. Identify the issue: Determine which error or errors are present and causing the problem.
2. Take corrective action: Once the issue is identified, develop a plan to address it. This may involve providing additional training, improving communication channels, or addressing concerns and resistance.
3. Monitor progress: Continuously assess the effectiveness of the corrective actions taken and make adjustments as necessary.
By being aware of these common errors and taking proactive steps to avoid or address them, organizations can increase the chances of successful organizational change.
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which principle defines how many times something repeats.
The principle that defines how many times something repeats itself is called the repetition compulsion.
This psychological principle was studied by psychoanalyst Freud as an essential component for mental analysis, as the discovery of patterns of repetitive behavior is aimed at the unconscious and instinctive search for:
pleasure and to avoid contempt.Therefore, repetition compulsion is related to repetition of behaviors in the form of dreams and neuroses in the form of the individual unconsciously seeking to assume a slightly more dominant role over an event that may have generated trauma.
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The Phillips curve is moving upwards. Possible explanation for this-
A. New wage agreement A wage based on the assumption that the term of the agreement will be a price reduction of 10%.
B . New wage agreement A wage based on the assumption that during the term of the agreement there will be inflation at a rate of 10%.
C. Unexpected inflation at 10%.
D. Answers B and C are correct.
The possible explanation for the upward movement of the Phillips curve is option D, which includes both answers B and C. A new wage agreement assuming a 10% inflation rate (answer B) and unexpected inflation at 10% (answer C) can both contribute to an upward shift in the Phillips curve.
The Phillips curve depicts the inverse relationship between inflation and unemployment. When inflation increases, it generally leads to a decrease in unemployment, and vice versa. Therefore, an upward movement of the Phillips curve implies higher inflation rates associated with lower unemployment.
In the case of option B, a new wage agreement based on the assumption of a 10% inflation rate means that employees and employers expect prices to rise by 10% during the agreement's term. As a result, employees negotiate for higher wages to maintain their purchasing power, which can lead to increased aggregate demand and upward pressure on prices.
Additionally, option C suggests unexpected inflation at 10%. When inflation occurs unexpectedly, it can disrupt economic expectations and contractual agreements. As a consequence, individuals may react by demanding higher wages to compensate for the loss of purchasing power caused by the sudden increase in prices. This wage push can further contribute to inflationary pressures.
Both option B and option C provide plausible explanations for the upward movement of the Phillips curve. A new wage agreement based on expected inflation and unexpected inflation both contribute to higher inflation rates, potentially leading to a shift upward in the Phillips curve as unemployment decreases.
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21) Suppose that the supply of avocado increases due to an improvement in the technology for growing avocado with less watering costs. Which of the following
describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve?
a) There is a downward pressure on prices and an increase in the equilibrium quantity. b) There is an upward pressure on prices and an increase in the equilibrium quantity.
c) There is no change in equilibrium price and quantity.
d) There is a downward pressure on prices and a decrease in the equilibrium quantity. e) None of the above.
22)
In answering the following question, it may be helpful to draw a supply and demand diagram. What is the effect on equilibrium price and quantity of an decrease in both supply and demand?
a) There is an increase in equilibrium price and an increase in equilibrium quantity. b) There is no change in equilibrium price but a decrease in equilibrium quantity. c) There is a decrease in equilibrium price and an increase in equilibrium quantity. d) There is no change in equilibrium price or quantity.
There is an ambiguous effect on equilibrium price and a decrease in equilibrium quantity.
When the supply of avocados increases due to improved technology and reduced watering costs, assuming no change in the demand curve, there will be a downward pressure on prices. The correct answer is e)
This is because the market is now flooded with a larger quantity of avocados, which leads to increased competition among suppliers. As a result, suppliers will lower prices to attract buyers and sell their larger supply. However, the increase in supply will also lead to an increase in the equilibrium quantity traded, as more avocados are available in the market. Therefore, the mechanism of price and quantity adjustment in this scenario is a downward pressure on prices and an increase in the equilibrium quantity. Therefore, the correct answer is e) .
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--The complete Question is, Suppose that the supply of avocado increases due to an improvement in the technology for growing avocado with less watering costs. Which of the following
describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve?
a) There is a downward pressure on prices and an increase in the equilibrium quantity.
b) There is an upward pressure on prices and an increase in the equilibrium quantity.
c) There is no change in equilibrium price and quantity.
d) There is a downward pressure on prices and a decrease in the equilibrium quantity.
e) None of the above.--
what do you call the process of determining how many and which suppliers you should buy from as well as defining the type of relationship you should build with each supplier?
Supply base is the process of determining how many and which suppliers you should buy from as well as defining the type of relationship you should build with each supplier.
How does supply base analysis work?The Supply Base Sourcing Analysis report includes data on the chosen suppliers for all of the events for which they have been invited during a given time period. The following is a list of some of the report's key components: the involvement of the suppliers at all the events to which they have been invited. The area of a supply network that is actively managed by a buying company is referred to as a supply base. Through contracts and the acquisition of components, materials, and services, the purchasing firm, also known as the focal firm, supervises the suppliers in the supply base.
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What must be true for an act to be considered embezzlement?
A. The criminal must have been in the employment of the party from
whom she stole.
B. The criminal must have trespassed in the process of her theft.
C. The criminal must have had a right to access the property or
resources stolen.
D. The criminal must have intended eventually to pay back the full
value of the resources taken.
SUBMIT
Answer:
A. the criminal must have been in the employment of the party from whom she stole
Explanation:
hope it helps
Answer: C. The criminal must have had a right to access the property or resources stolen.
Explanation: I got it right lol
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
6 traits a millionaire lives by according to Dave Ramsey
Hi cletus you look like a fetus
Explanation:
area 51
During a sale, a store offered a 10% discount on a tv that originally sold for $740. After the sale, the discounted price of the tv was marked up by 10%. What was the price of the tv after the markup? round to the nearest cent.
The price of the tv after the markup is $732. After the sale, the discounted price of the tv was marked up by 10%.
Price after discount :- 740 * 10% = 74
= 740 - 252 = 666
So that means that the price after discount is $666.
Price after increase :- 666 *10% =66
666 + 66 = 732
So that means that the price of the TV after the mark up is $732.
Cost often refers to the amount of money that the buyer will spend rather than the price that the seller is asking for, while price is typically used to refer to the amount of money that a seller is asking for something.
A price quote gives a product or service's fixed price. It is presented verbally or in writing by a supplier to a client or customer. Once the client accepts the pricing, it cannot be modified and has a limited window of validity.
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Companies are turning to customer relationship management (CRM) to improve their customer focus. CRM uses information technology to create a cross-functional enterprise system that integrates and automates many of the customer-serving processes in which functional business areas?
Answer:
Marketing, sales and customer service
Explanation:
Customer relationship management (CRM) is a business strategy implemented across the entire company that is aimed at improving the company's income, profit, lower cost and increase customer loyalty based on the principle of putting the customer first in management decisions. CRM combines actions, methodologies, and technologies that establishments utilize for managing and analyzing customer correspondence and information within a customer's period of doing business with the establishment so as to improve customer retention, service, and relationship as well as to improve sales.
Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Estimated inventory (units), June1 Desired inventory (units), June 30 Expected sales volume (units): Rumble Thunder 750 300 250 500 Midwest Region 12,000 14,000 $60 3,500 4,000 $90 South Region Unit sales price a. Prepare a sales budget. Sonic Inc Sales Budget For the Month Ending June 30 Product and Area Model: Rumble Unit Sales Volume Unit Selling Price Total Sales Midwest Region ( ) South Region Total Model: Thunder Midwest Region b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget Units Rumble Units Thunder Expected units to be sold Desired inventory, June 30 500 Total Estimated inventory, June1 Total units to be produced
a) The preparation of the sales budget for June for Sonic Inc. is as follows:
Sonic Inc
Sales BudgetFor the Month Ending June 30
Product and Area Model: Rumble Thunder
Sales Volume 15,500 18,000
Unit Selling Price $60 $90
Total Sales $930,000 $1,620,000
Midwest Region $720,000 $1,260,000
South Region $210,000 $360,000
b) The preparation of the production budget for June for Sonic Inc. is as follows:
Sonic Inc
Production BudgetFor the Month Ending June 30
Rumble Thunder
Expected total sales units 15,500 18,000
Desired inventory (units), June 30 250 500
Total Estimated inventory, June 1 -750 -300
Total units to be produced 15,000 18,200
What is the sales budget?The sales budget is an estimate or projection of the sales volume and revenue that can be achieved within the budget period.
The sales budget in dollars is the product of the sales volume and the selling price per unit.
What is the production budget?The production budget is an offshoot of the sales budget because the sales budget, including the desired beginning and ending inventory, determines the number of units to be produced.
Rumble Thunder
Estimated inventory (units), June 1 750 300
Desired inventory (units), June 30 250 500
Expected sales volume (units):
Midwest Region 12,000 14,000
South Region 3,500 4,000
Total sales units 15,500 18,000
Selling price per unit $60 $90
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Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
What action can you take to provide the most help to a team that has worked together for more than a year and is familiar with the project work
Answer: Aim should be reemphasized regularly, deadlines set and there should be a reward system.
Explanation:
Over familiarity breeds negligence or lost of steam or enthusiasm in a project. They are things that should be put into place to avoid being to familiar with projects and sleep on them;
- The aim and objective for which the was started should be reemphasized daily or weekly, this would help the team have it in mind that they would need to be on their best
- Deadline should be sets for smaller aspect of the project. The project should be split into phase and deadlines set to meet up each phase
- There should be a reward system. This strengthens the team to do more and make the team know that their value and input is well appreciated
What can the American government do with the tax revenue
collected from selling marijuana?
The American government can use the tax revenue collected from selling marijuana for several purposes.
It can use the tax revenue to fund public programs and initiatives such as education, healthcare, infrastructure, and public safety. Additionally, the tax revenue can be used to support research on the effects of marijuana use, both medicinal and recreational. Marijuana legalization and taxation can create jobs, spur economic growth, and boost state and local revenues.
Tax revenue from marijuana sales can also be used to fund social programs and other priorities. This would be an excellent opportunity for governments to raise revenue without raising taxes on the general population. However, it's worth noting that the use of marijuana remains illegal at the federal level, and as such, the full benefits of marijuana taxation may not be realized until federal legalization occurs.
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What technology is used in a plough?Describe it.
Answer:
A plough or plow (US; both /plaʊ/) is a farm tool for loosening or turning the soil before sowing seed or planting. Ploughs were traditionally drawn by oxen and horses, but in modern farms are drawn by tractors. A plough may have a wooden, iron or steel frame, with a blade attached to cut and loosen the soil.
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As a result of the industrial revolution, steam engines could now be used to pull plows. In the early 20th century, internal-combustion-powered tractors replaced them.
What was industrial revolution?During the Industrial Revolution, which took place in the 18th century, scientific and technological advancements led to the industrialization of rural, agrarian cultures, particularly those in Europe and North America.
The steam engine, the age of science and mass production, and the rise of digital technology were three innovations that dramatically altered the world as we knew it.
An agrarian economy gave way to an industrial economy during the Industrial Revolution, where things were no longer exclusively manufactured by hand but also by machines.
This resulted in an uptick in output and efficiency, as well as decreased prices, a growth in goods and services, higher earnings, and a migration of people from rural to urban regions.
The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution are some of the factors that historians have recognized as contributing to the Industrial Revolution.
Water and steam power were utilised in the First Industrial Revolution to automate production. Electricity was employed by the Second to facilitate mass production. The Third automated production using electronics and information technologies.
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The aggregate is
A. a type of economic system.
B. the total number of goods demanded or supplied.
C. a form of revenue.
D. the total profit made on sales.
The aggregate is the total number of goods demanded or supplied. The correct option is B.
An aggregate is a union of particular economic variables or factors that are typically expressed numerically and are used to measure or analyze broad economic trends. Gross Domestic Product (GDP), which represents the total value of goods and services produced within an economy over a given time period, is an example of an aggregate.
By analyzing trends in particular variables over time, aggregates help economists analyze and understand the overall state and performance of an economy. Economists can forecast future economic outcomes and assist policymakers in making choices that can support growth and stability by understanding how aggregates change and interact with one another. The correct option is B.
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A consumer's level of motivation in making an external search depends on three factors. what are they?
A consumer's level of motivation in making an external search depends on three factors such as involvement, Perceived Risk, and Knowledge and Experience.
The term "involvement" describes the personal significance or importance a consumer places on a certain buying decision. Consumers are more likely to be inspired to conduct an external search for information when they view a transaction to be highly involved.
Customers are more likely to be motivated to undertake an external search to acquire information that can help lower their perceived risk if they perceive a higher level of danger, such as financial risk, performance risk, or social risk. The level of familiarity and expertise that consumers have with a given product category or industry has an impact on why they decide to look elsewhere.
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What mechanisms operate the chain of building relationship equity?
The mechanisms that operate the chain of building relationship equity include trust, commitment, communication, and customer satisfaction.
1. Trust: Establishing trust is essential in building relationship equity, as it creates a solid foundation for long-term relationships. Trust can be developed through transparency, honesty, and consistently delivering on promises.
2. Commitment: Demonstrating commitment to the relationship is crucial, as it shows that both parties are invested in maintaining and growing the partnership. This can be achieved by being reliable, meeting expectations, and working towards common goals.
3. Communication: Effective communication is key to building relationship equity, as it helps in addressing concerns, sharing information, and resolving conflicts. Regular and open communication ensures that all parties are on the same page and working collaboratively.
4. Customer satisfaction: Ensuring customer satisfaction is important for building relationship equity, as satisfied customers are more likely to remain loyal and recommend the business to others. By offering quality products or services and addressing customer needs, businesses can build strong relationships and enhance their equity.
By focusing on these mechanisms, businesses can successfully build relationship equity, leading to long-lasting and mutually beneficial partnerships.
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a project has an expected risky cash flow of $3,550 in year 4. the risk-free rate is 2.4 percent, the expected market risk premium is 15.6 percent, and the project's beta is 1.18 . calculate the certainty equivalent cash flow for year 4, ceq4.
The certainty equivalent cash flow for year 4 (CEQ4) is $409.32.
To calculate the certainty equivalent cash flow (CEQ4) for year 4, we first need to find the risk-adjusted discount rate (RADR) using the Capital Asset Pricing Model (CAPM).
CAPM formula: RADR = Risk-free rate + Beta × Market risk premium
RADR = 2.4% + 1.18 × 15.6%
RADR = 2.4% + 18.408%
RADR = 20.808%
Next, we find the certainty equivalent coefficient (CEC) using the formula:
CEC = Risk-free rate / RADR
CEC = 2.4% / 20.808%
CEC = 0.1153 (rounded to four decimal places)
Finally, we calculate the CEQ4 by multiplying the expected risky cash flow by the CEC:
CEQ4 = Expected risky cash flow × CEC
CEQ4 = $3,550 × 0.1153
CEQ4 = $409.32 (rounded to two decimal places)
So, the certainty equivalent cash flow for year 4 (CEQ4) is $409.32.
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black consulting company purchased equipment for $5,000. this amount is to be paid in 60 days. this transaction would be recorded with a credit entry to the account. multiple choice question. equipment expense equipment accounts payable cash
Equipment was purchased by a black consulting firm for $5,000. This sum must be paid within 60 days. A credit entry would be made to the accounts payable account to reflect this transaction.
Accounts Payable is what?The word "accounts payable" (AP) in accounting refers to the sums owed to suppliers or vendors for products or services that were paid for with credit. Accounts payable is the total of all amounts still owing by a company to its suppliers as of the end of the reporting period.
The cash flow statement will show an increase or decrease in total AP from the prior period. To safeguard your money and assets, avoid paying for false invoices, and keep internal controls in place, it's crucial to closely monitor your AP spending.
It's essential to keep your accounts payable process organized and efficient if you want to keep track of how AP affects your bottom line.
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If you are willing to pay $43,582.00 today to receive $4,394.00 per year forever then your required rate of return must be ____%. Assume the first payment is received one year from today.
If you are willing to pay $23,417.00 today to receive a perpetuity with the first payment occurring next year then the payment must be $______. Assume a 6.00% discount rate.
How much does one need to have to open a bank
Which person used a cost-saving strategy when deciding how to spend their money?
a. when selecting a new tablet, Rosita carefully read about the features of each model.
b. when purchasing a new jacket, Thao chose the one that was manufactured locally.
c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.
d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
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The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.
What is cost-saving stategy?The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business
What is a dirt bike?The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.
Hence, option D is the correct answer
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