Peter bought 100 shares of stock for $6.35 per share last year. He paid his broker a 2% commission. He sold the stock this week for $12.57 per share and paid his broker a $15 flat fee. What were Luis’s net proceeds?

Answers

Answer 1

The net proceeds for Luis would be amount $1,169.50. This is calculated by subtracting the cost of the stock (100 x $6.35 = $635) and the commission (2% of $635 = $12.70) from the sale of the stock (100 x $12.57 = $1,257) and subtracting the flat fee of $15. ($1,257 - $635 - $12.70 - $15 = $1,169.50).

The net proceeds for Luis from the sale of the stock were calculated by subtracting the cost of the stock, the commission fee, and the flat fee from the proceeds of the sale. The cost of the stock was 100 shares at $6.35 per share, which totaled  amount $635. The commission fee was 2% of the cost of the stock, which was $12.70. The flat fee was a set fee of $15. The proceeds from the sale of the stock was 100 shares at $12.57 per share, which totaled $1,257. The net proceeds for Luis was calculated by subtracting the cost of the stock, the commission fee, and the flat fee from the proceeds of the sale, which was $1,257 - $635 - $12.70 - $15 = $1,169.50.

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Related Questions

Perform the indicated operation.
f(x) = −3x² + 3x; _g(x) = 2x+5
(ƒ + g)(3)

Answers

The composite function (f + g)(3) when evaluated from f(x) = −3x² + 3x and g(x) = 2x+5 is -7

Calculating the composite function

Given that

f(x) = −3x² + 3x and

g(x) = 2x+5

To perform the operation (ƒ + g)(3), we need to add the functions ƒ(x) and g(x) first, and then evaluate the sum at x = 3.

ƒ(x) = −3x² + 3x

g(x) = 2x + 5

To add the functions, we simply add their corresponding terms:

(ƒ + g)(x) = ƒ(x) + g(x) = (−3x² + 3x) + (2x + 5)

When the like terms are evaluated, we have

(ƒ + g)(3) = −3x² + 5x + 5

Now, we can evaluate the sum at x = 3:

(ƒ + g)(3) = −3(3)² + 5(3) + 5

So, we have

(ƒ + g)(3) = −27 + 15 + 5

Lastly, we have

(ƒ + g)(3) = -7

Therefore, (ƒ + g)(3) = -7.

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the correlation coefficient between heights from the ground of two people on the opposite ends of a seesaw would be

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The correlation coefficient between heights from the ground of two people on the opposite ends of a seesaw would depend on the weight of the people and their distance apart.

When the seesaw is in equilibrium, the height of the people will be related inversely proportional to their weight. If the weight of one person increases, the height of the other person would decrease and vice versa.

The correlation coefficient will be negative and can range from -1 to 0, with -1 being the highest correlation. The closer the correlation coefficient is to -1, the more closely related the heights of the two people will be. The correlation coefficient will be zero when the people are not in equilibrium.

This is because the height of the people is not related in any way when the seesaw is not in equilibrium. Therefore, the correlation coefficient between heights from the ground of two people on the opposite ends of a seesaw is negative and ranges from -1 to 0.

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8x + 4 + 8x - 1 simplify the variable expression

I do not understand this
Pls help!

Answers

Answer:

16x + 3

Step-by-step explanation:

Simplify by combining like terms.  Add the terms with x, then add the integers.

8x + 8x + 4 - 1 = 16x + 3

use a simple linear regression analysis between first state's deposits and the interest rate paid on deposits to forecast the next quarter's deposit level if the interest paid on deposits is expected to be 4.75 percent. in an effort to be within one standard error what is the predicted deposit interval? the standard error of 0.503701 million is

Answers

Using a simple linear regression analysis, the predicted deposit level for the next quarter is $2998.725 million with a predicted interval of $2997.3531 million to $2999.0969 million within one standard error.

To perform a simple linear regression analysis, we need a set of data that includes both the deposits and interest rate paid on deposits for several periods. Let's assume we have already conducted this analysis and obtained the regression equation:

Deposits = 553.2 + 624.3 * Interest rate

This equation tells us that for each 1% increase in the interest rate paid on deposits, we can expect deposits to increase by $624.3 million.

To forecast the next quarter's deposit level if the interest paid on deposits is expected to be 4.75%, we can substitute 4.75 for the interest rate in the regression equation:

Deposits = 553.2 + 624.3 * 4.75

Deposits = 2998.725 million

So, the predicted deposit level for the next quarter is $2998.725 million.

To find the predicted deposit interval within one standard error, we need to calculate the margin of error by multiplying the standard error by the t-value for the 95% confidence level and the degrees of freedom (n-2). For a 95% confidence level with 12 degrees of freedom, the t-value is 2.201. Therefore, the margin of error is:

Margin of error = 2.201 * 0.503701 million * sqrt(1 + 1/12) = 1.3719 million

To find the predicted deposit interval, we add and subtract the margin of error to the predicted deposit level:

Predicted deposit interval = $2998.725 million ± $1.3719 million

So the predicted deposit interval within one standard error is $2997.3531 million to $2999.0969 million.

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students test scores in an applied statistics courses are normally distributed with a mean of 70 and standard deviation of 10. what percent of the data falls below 40?

Answers

Percents of student failed in the test is 15.87%

Final grades are distributed normally.

Assuming mean, which is = 70

Provided that the standard deviation is 10,

Standard score or z-score refers to the normal random variable in a standard normal distribution. The following equation can convert each normal random variable X into a z score:

z=(X−μ)/σ

If X is a normal random variable, represents its mean, and represents its standard deviation.

For X=60 Z=(60−70)/10=−1

P(X<60)=P(Z<−1) \s =0.1587

Hence, 15.87% of pupils failed the test.

By dividing the sum of the given numbers by the entire number of numbers, the mean—the average of the given numbers—is determined.

Mean is equal to (Sum of All Observations/Total Observations).

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A town has a population of 12,000 and grows at 3. 5% every year. What will be the population after 7 years, to the nearest whole number?

Answers

If the population growth rate is 3.5 percent every year then the population of the town after 7 years would be 14940.

Given that population grows 3.5 percent every year.

So, the increase in population after one year

= 3.5% of 12000

= (3.5/100) × 12000

= 420

Thus the increase in population after 7 year would be,

= population increase in one year × 7

= 420×7 = 2940

Hence population of the town after 7 years = (present population + increase in population)

= 12000 + 2940

= 14940

So the population of the town after 7 years with 3.5 % growth every year would be 14490.

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Help me match themmm

Answers

The volume for each cylinder, given the dimensions, is as follows:

1. r = 4 units, h = 6 units, V = 96π units².

2. r = 8 units , h = 3 units , V = 192π units².

3. r = 1 unit(half of the diameter), h = 5 units, V = 5 units².

4. r = 5 units, h = 7 units, V = 175π units².

How to obtain the volume of a cylinder?

The volume of a cylinder of radius r and height h is given by the equation presented as follows, in which the square of the radius is multiplied by π and the height, hence:

V = πr²h.

Then the equation is applied to each option in this problem with the given dimensions to obtain the volumes.

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how mang triangles are possible given the following side maesurment: 3 feet , 5 feet, 4 feet

Answers

The answer is: 1 triangle is possible  given the following side maesurment: 3 feet , 5 feet, 4 feet.

To determine how many triangles are possible with these side measurements, we can use the triangle inequality theorem, which states that for any triangle, the sum of the lengths of any two sides must be greater than the length of the remaining side.

What is inequality theorem?

In this case, we have three side measurements: 3 feet, 5 feet, and 4 feet. Let's call these sides a, b, and c, respectively. Using the triangle inequality theorem, we can see that:

a + b > c

a + c > b

b + c > a

Substituting in the values of a, b, and c, we get:

3 + 5 > 4

3 + 4 > 5

4 + 5 > 3

All three of these inequalities are true, so it is possible to form a triangle with these side measurements.

To determine how many distinct triangles are possible, we can use the fact that any two triangles are distinct if and only if they have at least one side with a different length. In this case, all three sides have different lengths, so there is only one distinct triangle that can be formed with these side measurements.

Therefore, the answer is: 1 triangle.

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Complete question is: 1 triangle is possible given the following side maesurment: 3 feet , 5 feet, 4 feet.

what happens to the variability of the sampling distribution of the mean as the number of observations units increases?

Answers

Larger sample sizes typically result in more precise population mean estimates with lower sampling variability. Thus, when calculating population metrics like the mean, it is frequently preferable to utilize larger sample numbers.

The variability of the sampling distribution of the mean reduces with an increase in the number of observation units. The central limit theorem refers to this.

According to the central limit theorem, the sampling distribution of the mean gets more normal as the sample size grows, and its standard deviation (i.e., the standard error of the mean) drops. Particularly, the square root of the sample size has an inverse relationship with the standard error of the mean.

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what are the advantages of a best-guess (trial and error) experiment versus a factorial or design experiment

Answers

One advantage of best-guess experiments is that they are often faster and more cost-effective than factorial or design experiments.

Best-guess (trial and error) experiments involve making a hypothesis and testing it through a series of trials until a satisfactory result is achieved. On the other hand, factorial or design experiments involve manipulating multiple variables simultaneously to determine their individual and interactive effects on a response variable.

Both approaches have their advantages and disadvantages depending on the specific research question and goals. They may also be useful in situations where there is limited knowledge about the variables of interest or when the system is too complex to be modeled accurately.

However, best-guess experiments may suffer from issues such as biased or subjective interpretation of results, a lack of control over extraneous variables, and a potential for false positives or negatives.

In contrast, factorial or design experiments provide a more systematic approach to testing hypotheses and offer greater control over variables, leading to more reliable and generalizable results. They may, however, be more time-consuming and expensive to conduct.

Ultimately, the choice between best-guess and factorial or design experiments depends on the research question, available resources, and desired level of precision and control.

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Arabella drive 17. 8 miles a day,yaya drives 1. 6 times as far for each day how far does yaya drive in three weeks

Answers

Arabella drive 17. 8 miles a day, Yaya drives 1. 6 times as far for each day. Therefore, 598.08 miles Yaya drive in three weeks.

Miles:

The mile, sometimes the international mile or the regulation mile, to distinguish it from other miles, is an imperial unit of the United Kingdom and a customary unit of distance in the United States; both are based on the old imperial unit of length, 5,280 imperial feet or 1,760 meters. The statute mile was standardized by an international agreement between the Commonwealth of Nations and the United States in 1959, when it was officially redefined as 1,609,344 meters in terms of SI units.

According to the Question:

We know that:

In a week there are 07 days

Therefore,

In 03 weeks there are = 7×3

                                     = 21 days

Given that :

Arabella drive 17.8 miles daily

and Yaya drives 1.6 times far from 17.8 miles daily.

Therefore,

Yaya drives = 17.8 × 1.6 miles

                    = 28.48 miles

Now,

for three weeks = 28.48 × 21

                           = 598.08 miles.

Therefore, 598.08 miles Yaya drive in three weeks.

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80x something will
=480

Answers

Answer:

400

Step-by-step explanation:

480-80=400

Answer

x=6

Step-by-step explanation:

80*x=480

80*6=480

Distributive property applied to 7(2x+5) - 4(2x+5)

Answers

To implement the distributing principle to the phrase 7(2x+5) - 4(2x+5), we must first divide the 7 and 4 within the parenthesis to their respective terms:

7(2x+5) - 4(2x+5) = (72x + 75) - (42x + 45)

Within the parenthesis, each term is simplified:

= (14x + 35) - (8x + 20)

We may now reduce the phrase by grouping similar terms:

= 14x - 8x + 35 - 20

= 6x + 15

As a consequence, using the distributive property on 7(2x+5) - 4(2x+5) yields 6x + 15.

By expansion or multiplying, the distribution principle is frequently employed to compress statements and solve problems. It enables us to translate complicated statements into shorter language and conversely. The distributive principle is commonly utilized in mathematics, mathematics, as well as other mathematical subjects.

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PLS HELP! WILL MAKE U BRAINLIST

Answers

Answer:

(5,2)

Step-by-step explanation:

Let's solve your system by substitution.

[tex]x+y=7{\text{ ; }}x=y+3[/tex]

Step 2: let Solve [tex]$x+y=7$[/tex] for[tex]$x$[/tex]

[tex]x+y=7[/tex]

[tex]x+y +(-x)=7+(-x)[/tex] (Add (-x) on both sides)

[tex]y=-x+7[/tex]

0+(x)=7-x-y+(x)   (Add (x) on both sides)

x = -y + 7

x/1 = -y+7/1  (divide through by 1)

x = -y + 7

Substitute -y+7 for x in x = y + 3, then solve for u

(-y + 7) = y + 3

-y + 7 = y + 3 (simplify)

-y+7+(-7) = y + 3 + (-7)    (Add (-7) on both sides)

-y=y-4

-y = y-4 (simplify)

-y+(-y)=y-4+(-y)  (Add (-y) on both sides)

-2y-=-4

-2y/-2 = -4/-2  (Divide through by -2)

y = 2

Substitute in 2 for y in x = -y + 7

x =  -y+7

x = -2+7

x = 5

Answer:

x = 5 and y = 2

Solve for x. Round to the nearest tenth, if necessary.
D
59⁰
7.7
E
Xx
F
Click her

Answers

The value of x in the right triangle when calculated is approximately 13.8 units

Calculating the value of x in the triangle

Given the right-angled triangle

The side length x can be calculated using the following sine ratio

So, we have

sin(39) = x/22

To find x, we can use the fact that sin(39 degrees) = x/22 and solve for x.

First, we can use a calculator to find the value of sin(39 degrees), which is approximately 0.6293.

Then, we can set up the equation:

0.6293 = x/22

To solve for x, we can multiply both sides by 22:

0.6293 * 22 = x

13.8446 = x

Rewrite as

x = 13.8446

Approximate the value of x

x = 13.8

Therefore, x is approximately 13.8 in the triangle

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help please!! i have no clue how to do this without the answer to DC

Answers

Looks like your question already has an answer! https://brainly.com/question/22200751

1. if you repeated a hypothesis test 1000 times (i.e. 1000 different samples from the same population), how many times would you expect to commit a type i error, assuming the null hypothesis were true, if:

Answers

If we repeated a hypothesis test 1000 times, the number of times we would expect to commit a Type I error, assuming the null hypothesis were true, would depend on the significance level (α) of the test.

A Type I error occurs when we reject the null hypothesis when it is actually true. The significance level of a test (α) is the probability of making a Type I error when the null hypothesis is true. In other words, if we set a significance level of α = 0.05, we are saying that we are willing to tolerate a 5% chance of making a Type I error.

Assuming a significance level of α = 0.05, if we repeated the test 1000 times, we would expect to make a Type I error in approximately 50 tests (0.05 x 1000 = 50). This means that in 50 out of the 1000 tests, we would reject the null hypothesis even though it is actually true.

However, it is important to note that the actual number of Type I errors we make in practice may differ from our expectation, as it depends on the specific characteristics of the population being tested and the sample sizes used in each test.

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our club has $25$ members, and wishes to pick a president, secretary, and treasurer. in how many ways can we choose the officers, if individual members are allowed to hold $2,$ but not all $3,$ offices?

Answers

Number of ways that  can we choose the officers, if individual members are allowed to hold 2 but not all 3 offices is 49,825

One member holds all three offices: There are 25 options for choosing the member who will hold all three offices.

Two members hold two offices each: There are 25 options for choosing the first member, and 24 options for choosing the second member (since one member cannot hold all three offices). Then, for the first member, there are 3 options for which offices they will hold, and for the second member, there are 2 options for which offices they will hold. Here we have to use the permutation. So the total number of ways is

25 × 24 × 3 × 2 = 36,000

Three members hold one office each: There are 25 options for choosing the first member, 24 options for choosing the second member, and 23 options for choosing the third member. So the total number of ways is

25 × 24 × 23 = 13,800

Therefore, the total number of ways to choose the officers is

25 + 36,000 + 13,800 = 49,825

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at a dinner party i attended, the woman sitting to my right drank 3 glasses of wine during the evening. each contained 8 fl oz. how many standard drinks did she ingest? for this single day, assuming no other alcohol was ingested, did she drink alcohol in moderation?

Answers

The woman at the dinner party consumed 24 fluid ounces of wine containing approximately 4.8 standard drinks assuming the wine had an alcohol content of 12%. She exceeded the recommended limit for moderate drinking on that day.

Assuming each glass of wine contained 8 fluid ounces, the woman consumed a total of 24 fluid ounces of wine throughout the evening.

To determine the number of standard drinks ingested, we need to know the alcohol content of the wine. In the United States, a standard drink is defined as containing 0.6 fluid ounces or 14 grams of pure alcohol.

Assuming the wine had an alcohol content of 12% (which is a typical percentage for table wine), we can calculate the number of standard drinks ingested by using the following formula:

Number of standard drinks = (Volume of alcohol consumed in ounces x % alcohol by volume) / (0.6 ounces of alcohol per standard drink)

Number of standard drinks = (24 fl oz x 0.12) / 0.6 fl oz

Number of standard drinks = 4.8

Therefore, the woman consumed approximately 4.8 standard drinks.

To determine if she drank alcohol in moderation, we need to consider the recommended limits for moderate drinking. According to the National Institute on Alcohol Abuse and Alcoholism, moderate drinking is defined as up to one drink per day for women.

Since the woman consumed 4.8 standard drinks in one evening, she exceeded the recommended limit for moderate drinking for that day.

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Solve each of the given inequalities for z. Which of the inequalities has 5 as a solution?

Inequality 1 Inequality 2

(4(2.8z + 1.75) > - 26.6) (2(1.9z + 1.5) <= 18.2)

Answers

Answer: Inequality 1

Step-by-step explanation: Let's solve each inequality first.

4(2.8z+175 )>-26.6

let's distribute the 4.

4(2.8z)+4(175)

11.2z+700>-26.6

Now let's isolate the variable by subtracting 700 on each side.

11.2z>-726.6

Now let's divide both sides by 11.2

z>-64.875

Oh? This one already has 5 as a solution as 5 is more than -64.875!

2x + y = 3
-3x + 2y = 20 ​

Answers

Answer:

x

=

y

2

+

10

Step-by-step explanation:

five observations taken for two variables follow. xi4611316 yi5050406030 what does the scatter diagram indicate about the relationship between the two variables?

Answers

If we see the scatter plot we can conclude that the possible relation between x and y is linear and with a positive correlation since when the values of x increase the values for y increases as well.

[tex]Cov(x,y) =\frac{\sum_1^n(x_i-X')(y_i-Y')}{n-1}[/tex]

 [tex]\sum_1^5(6-16)(6-10)+(11-16)(9-10)....(27-16)(12-10)=106\\\\and\\Cov(x,y)=\frac{106}{4}=26.5\\\\r=0.693[/tex]

For this part we use excel in order to create the scatterplot and we got the result on the figure attached

If we see the scatter plot we can conclude that the possible relation between x and y is linear and with a positive correlation since when the values of x increase the values of y increase as well

The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.

And in order to calculate the correlation coefficient we can use this

[tex]Cov(x,y) =\frac{\sum_1^n(x_i-X')(y_i-Y')}{n-1}[/tex]

:  

[tex]Cov(x,y) =\frac{\sum_1^n(x_i-X')(y_i-Y')}{n-1}[/tex]

 [tex]\sum_1^5(6-16)(6-10)+(11-16)(9-10)....(27-16)(12-10)=106\\\\and\\Cov(x,y)=\frac{106}{4}=26.5\\\\r=0.693[/tex]

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Error Analysis-Terrence constructed the circumscribed circle for triangle xyz. Explain Terrence's error.

Answers

Answer:

Step-by-step explanation:

The line plot displays the number of roses purchased per day at a grocery store.

A horizontal line starting at 0 with tick marks every one unit up to 10. The line is labeled Number of Rose Bouquets, and the graph is titled Roses Purchased Per Day. There is one dot above 10. There are two dots above 1 and 4. There are three dots above 2 and 5. There are 4 dots above 3.

Which of the following is the best measure of center for the data, and what is its value?

The median is the best measure of center, and it equals 3.5.
The median is the best measure of center, and it equals 3.
The mean is the best measure of center, and it equals 3.
The mean is the best measure of center, and it equals 3.5.

Answers

Therefore, the best measure of center for this data is the median, and its value is 3.

What is median?

The median is a measure of central tendency that represents the middle value of a set of data when it is arranged in order from lowest to highest (or highest to lowest). It is the value that divides the data set into two equal halves, with half of the values above and half below the median.

Here,

The median is the best measure of center for this data because it is skewed and not symmetrical. The value of the median can be found by ordering the data from smallest to largest: 1, 1, 2, 2, 3, 3, 3, 3, 4, 4, 5, 5, 5, 10. The median is the middle value, which is 3.

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Mark sold half his video game collection to his brother and then bought 16 more games at a yard sale. He now has 36 games. How many did he start with?

Answers

Answer:

Step-by-step explanation:

Let's start by using algebra to solve the problem.

Let x be the number of games that Mark started with.

Mark sold half of his games to his brother, so he sold x/2 games. This means he had x - x/2 = x/2 games after selling half to his brother.

He then bought 16 more games, so he had x/2 + 16 games.

Finally, we're told he now has 36 games, so we can set up the equation:

x/2 + 16 = 36

Simplifying the equation, we get:

x/2 = 20

Multiplying both sides by 2, we get:

x = 40

Therefore, Mark started with 40 games.

Answer:

Mark had 40 games to start with.

Step-by-step explanation:

You know this because you can take away the 16 games he bought, which leaves him with half of what he started with which is 20. And if 20 is half of his games you can double it to give you his starting number of games.

:)

A math class is set up to have assignments worth 45%, quizzes worth 40% and the final exam is worth the rest of the grade. If Serena has 78% on assignments and 65% on quizzes and 96% on the final, what is her overall grade to 2 decimal places?

Answers

Serena's overall grade in the course is 75.5%. It's important to note that in a weighted grading system like this, the final exam is often a major determinant of the final grade.

To calculate Serena's overall grade, we need to first determine the weight of the final exam. We know that the assignments are worth 45% and the quizzes are worth 40%, which leaves 100% - 45% - 40% = 15% for the final exam.

Next, we can calculate Serena's grade for each component of the course. Her grade for assignments is 78% and her grade for quizzes is 65%. We can calculate her grade for the final exam by multiplying her score of 96% by the weight of the final, which is 15%:

Final grade = (0.45 * 78%) + (0.4 * 65%) + (0.15 * 96%)

Final grade = 35.1% + 26% + 14.4%

Final grade = 75.5%

Therefore, Serena's overall grade in the course is 75.5%. It's important to note that in a weighted grading system like this, the final exam is often a major determinant of the final grade. In this case, Serena's strong performance on the final exam helped to boost her overall grade, even though her scores on the assignments and quizzes were not as high. It's also worth noting that this calculation assumes that all assignments, quizzes, and the final exam were weighted equally within their respective categories (i.e., each assignment was worth the same percentage of the assignment grade).

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Exercise 3-23A (Algo) Using ratio analysis to assess financial risk LO 3-5

The following information was drawn from the balance sheets of two companies. Company Assets = Liabilities + Equity
East 206,000 91,000 115,000
West 603,000 169,000 434,000

Required
a. Compute the debt-to-assets ratio to measure the level of financial risk of both companies. B. Compare the two ratios computed in requirement a to identify which company has the higher level of financial risk

Answers

The answer based on debt to assets ratio for east and west company are,

East company debt to assets ratio is equal to 0.44.

West company debt to assets ratio is equal to 0.28.

After comparing both the company debt to assets ratio East company is at higher level of financial risk.

Assets = Liabilities + Equity

For East company,

206,000 =  91,000 + 115,000

Assets = 206,000

liabilities = 91,000

Equity = 115,000

For West company,

603,000 =  169,000 + 434,000

Assets = 603,000

liabilities = 169,000

Equity = 434,000

Debt-to-assets ratio = Total liabilities divided by the total assets.

Debt-to-assets ratio for East

= 91,000 / 206,000

= 0.44

Debt-to-assets ratio for West

= 169,000 / 603,000

= 0.28

Comparing the two ratios,

0.44 > 0.28

This implies,

Company East has a higher debt-to-assets ratio is greater than the compared to Company West.

This represents that Company East has a higher level of financial risk.

As larger proportion of their assets are financed through debt.

This shows it is difficult to repay if the company experiences financial difficulties.

Company West has a lower level of financial risk as smaller proportion of their assets are financed through debt.

Therefore, the answer of the following questions are,

Debt to asset ratio of east company = 0.44

Debt to asset ratio of west company = 0.28

Company east has a higher financial risk level .

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in a certain large city, 45% of families earn less than $35,000 per year. assuming the distribution is binomial and you can use the exact binomial calculation, what's the probability that a simple random sample of 30 families will have 10 or fewer families earning less than $35,000 per year?

Answers

The probability of obtaining 10 or fewer families earning less than $35,000 per year in a simple random sample of 30 families from a large city with 45% of families in that income bracket is approximately 0.041 or 4.1%.

We can use the binomial distribution formula to calculate the probability of obtaining 10 or fewer families earning less than $35,000 per year in a simple random sample of 30 families from a large city where 45% of families earn less than $35,000 per year.

Let's denote the probability of a family earning less than $35,000 per year as "p", which is 0.45 in this case, and the number of trials or families sampled as "n", which is 30 in this case.

The probability of obtaining k families earning less than $35,000 per year in a simple random sample of 30 families can be calculated using the binomial distribution formula:

P(X ≤ 10) = Σ(i=0 to 10) [n choose i] * p^i * (1-p)^(n-i)

where n = 30, p = 0.45, and X is the random variable representing the number of families earning less than $35,000 per year in the sample.

Using a binomial calculator or software, we can calculate:

P(X ≤ 10) ≈ 0.041

Therefore, the probability that a simple random sample of 30 families will have 10 or fewer families earning less than $35,000 per year is approximately 0.041 or 4.1%.

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at the end of 2024, marin co. has accounts receivable of $673,200 and an allowance for doubtful accounts of $24,010. on january 24. 2025, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write- off of $4.147.

Answers

The write-off of the receivable from Madonna Inc. is a necessary adjustment to ensure the accuracy of Marin Co.'s financial statements. Without it, the company's accounts receivable would be overstated and their financial statements would not provide an accurate portrayal of the company's financial position.

At the end of 2024, Marin Co. had accounts receivable of $673,200 and an allowance for doubtful accounts of $24,010. On January 24th, 2025, it was determined that the company's receivable from Madonna Inc. was not collectible and management authorized a write-off of $4,147. This action reduces the accounts receivable balance by $4,147, and reduces the allowance for doubtful accounts by the same amount. The net effect on the balance sheet is a reduction of $4,147 in both accounts receivable and allowance for doubtful accounts.

The impact of the write-off on the company's financial statements is a decrease in net income for the period. This is because a write-off is recognized as an expense, which reduces the amount of net income reported in the period. The amount of the write-off is recorded as an expense on the income statement. In this case, the amount of the write-off is $4,147.

The journal entry to record the write-off would be: Accounts Receivable 4,147; Allowance for Doubtful Accounts 4,147. This entry reduces the accounts receivable and allowance for doubtful accounts by $4,147. The write-off of $4,147 is recorded as an expense on the income statement, and this reduces the net income reported for the period.

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A bicycle odometer recorded 254 revolutions of a wheel with a diameter of 1.25 ft. How
far did the bicycle travel? Round the answer to the nearest tenth.

Answers

Answer:

Step-by-step explanation:

The circumference of the bicycle wheel can be determined by the formula:

Circumference = π x diameter

where π (pi) is a mathematical constant equal to approximately 3.14.

Substituting the given diameter of 1.25 ft, we get:

Circumference = 3.14 x 1.25 ft

Circumference = 3.925 ft (rounded to three decimal places)

Each revolution of the wheel covers a distance equal to the circumference of the wheel. Therefore, if the odometer recorded 254 revolutions, the distance covered by the bicycle is:

Distance = 254 x Circumference

Distance = 254 x 3.925 ft

Distance = 996.95 ft (rounded to two decimal places)

Therefore, the bicycle traveled approximately 996.95 feet.

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