Question

In: Math

Last year, 292 million music CDs were purchased by 112 million households in the United states.On...

Last year, 292 million music CDs were purchased by 112 million households in the United states.On the average, how many CDs were purchased in each household

Solutions

Expert Solution

Average = 292/112 = 2.607 = 3

                             

                                                  

                                                                                             

                                            

                                      

                                                                             

                             


Related Solutions

In the UK sales of music CDs per year have declined from 60 million in 2013...
In the UK sales of music CDs per year have declined from 60 million in 2013 to 48 million in 2016 and further to 32 million in 2018. (a) What was the average rate of change in CD sales from 2013 to 2016 and what was the average rate of change from 2016 to 2018. (b) Based on this data, is number of CDs sales decreasing linearly? Give a reason for your answer. The cost of producing x solar panels...
Bank USA recently purchased $10 million worth of euro- denominated one-year CDs that pay 10 percent...
Bank USA recently purchased $10 million worth of euro- denominated one-year CDs that pay 10 percent interest annually. The current spot rate of U.S. dollars for euros is $1.30/€1. (LG 9-5) a. Is Bank USA exposed to an appreciation or depreciation of the dollar relative to the euro? b. What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of...
If 2 million people had chronic hepatitis C in the United States last year, and of...
If 2 million people had chronic hepatitis C in the United States last year, and of these 120,000 received treatment that cured them of hepatitis C and 80,000 died. What is the minimum number of new hepatitis C cases that would have to have been reported last year in order for you to conclude that prevalence is increasing?
Bank USA recently purchased $11.3 million worth of euro-denominated one-year CDs that pay 11 percent interest...
Bank USA recently purchased $11.3 million worth of euro-denominated one-year CDs that pay 11 percent interest annually. The current spot rate of U.S. dollars for euros is $1.104/€1. a. Is Bank USA exposed to an appreciation or depreciation of the dollar relative to the euro? b. What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of the year is...
Bank USA recently purchased $11.7 million worth of euro-denominated one-year CDs that pay 10 percent interest...
Bank USA recently purchased $11.7 million worth of euro-denominated one-year CDs that pay 10 percent interest annually. The current spot rate of U.S. dollars for euros is $1.104/€1. a. Is Bank USA exposed to an appreciation or depreciation of the dollar relative to the euro? b. What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of the year is...
Bank USA recently purchased $10 million worth of euro-denominated one-year CDs that pay 10 percent interest...
Bank USA recently purchased $10 million worth of euro-denominated one-year CDs that pay 10 percent interest annually. The current spot rate of U.S dollars for euros is $1.104/ €1 a.Is Bank USA exposed to an appreciation or depreciation of the dollar relative to the the euro ? b.What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of U.S dollars for euros at the end of the year...
Eagle Corporation had $10 Million in Sales last year. Cost of goods sold were $6 Million,...
Eagle Corporation had $10 Million in Sales last year. Cost of goods sold were $6 Million, depreciation expense was $1 Million, interest payment on outstanding debt was $2 Million, and the firm’s tax rate is 35%. What was Eagle Corporation’s Net Income (after tax)? What was Eagle Corporation’s Net Cash Flow? (1 point) What would happen to Net Income and Cash Flow if Depreciation increased by $1 Million? What would happen to Net Income and Cash Flow is the Depreciation...
The Robbins Corporation is an oil wholesaler. The​ firm's sales last year were $1.01 ​million, with...
The Robbins Corporation is an oil wholesaler. The​ firm's sales last year were $1.01 ​million, with the cost of goods sold equal to $620,000. The firm paid interest of $179,000 and its cash operating expenses were $102,000.​ Also, the firm received $40,000 in dividend income from a firm in which the firm owned 22% of the​ shares, while paying only $11,000 in dividends to its stockholders. Depreciation expense was $50,000. Use the corporate tax rates shown in the popup​ window...
The annual sales for​ Salco, Inc. were $ 4.55 million last year. The​ firm's end-of-year balance...
The annual sales for​ Salco, Inc. were $ 4.55 million last year. The​ firm's end-of-year balance sheet was as​ follows: Current assets $499,000 Liabilities $1,001,500 Net fixed assets 1504000 Owners' equity 1001500 Total Assets $2,003,000 Total $2,003,000  LOADING.... ​ Salco's income statement for the year was as​ follows: Sales $4,550,000 Less: Cost of goods sold (3,506,000) Gross profit $1,044,000 Less: Operating expenses (495,000) Net operating income $549,000 Less: Interest expense (101,000) Earnings before taxes $448,000 Less: Taxes (35%) (156,800) Net...
The most recent year-end financial data for company “A” is as follows: Revenues=$112 million; Depreciation=$7 million...
The most recent year-end financial data for company “A” is as follows: Revenues=$112 million; Depreciation=$7 million Operating income (EBIT) =$28 million Earnings after taxes=$12 million Total assets=$172 million Interest bearing debt=$54 million Common equity=$40 million Shares outstanding=5.6 million Current price of the stock=$16.25 The company “B” is considering acquiring A. The investment bankers believe that the acquisition is a good one even if B were to pay a premium of 40%. Presently A’s cash flow is as follows: EBIT (operating...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT