If inflation grows continuously at a rate of 9 % per year, how long will it take for $ 2 to lose half its value? It will take approximately nothing years for $ 2 to lose half its value. (Do not round until the final answer. Then round to the nearest tenth as needed.)
In: Math
A car was valued at $36,000 in the year 2009. By 2013, the car value had depreciated to $15,000. If the car's value continues to drop by the same percentage, what will it be worth in 2020? Round to the nearest dollar.
In: Math
At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
| Cash balance, September 1 (from a summer job) | $6,470 |
| Purchase season football tickets in September | 90 |
| Additional entertainment for each month | 220 |
| Pay fall semester tuition in September | 3,500 |
| Pay rent at the beginning of each month | 310 |
| Pay for food each month | 180 |
| Pay apartment deposit on September 2 (to be returned December 15) | 400 |
| Part-time job earnings each month (net of taxes) | 800 |
a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
| Craig Kovar | ||||
| Cash Budget | ||||
| For the Four Months Ending December 31 | ||||
| September | October | November | December | |
| Estimated cash receipts from: | ||||
| Part-time job | $ | $ | $ | $ |
| Deposit | ||||
| Total cash receipts | $ | $ | $ | $ |
| Less estimated cash payments for: | ||||
| Season football tickets | $ | |||
| Additional entertainment | $ | $ | $ | |
| Tuition | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Cash increase (decrease) | $ | $ | $ | $ |
| Plus cash balance at beginning of month | ||||
| Cash balance at end of month | $ | $ | $ | $ |
b. What are the budget implications for Craig Kovar?
Craig can see that his present plan will not provide sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $_____ short at the end of December, with no time left to adjust.
In: Accounting
A company started the year with a normal balance of $77,000 in the inventory account. During the year, debits totaling $49,500 and credits totaling $64,000 were posted to the inventory account. Which of the following about the inventory account is correct?
A) The inventory account is decreased by debits
B) After these amounts are posted, the balance in the inventory account is a credit balance of $62,500.
C) The normal balance of the inventory account is a credit balance.
D) the debits and credits posted to the inventory account caused it to decrease by $14,500
In: Accounting
The annual National No Spying Day is celebrated at KAOS headquarters this year. There are 8 Control agents and 18 KAOS agents attending.
How many ways can we choose a team of 7 agents if 2 team members need to be from Control and 5 from KAOS?
How many ways can we choose a team of 7 agents if at least 1 team member needs to be from Control?
In: Advanced Math
The average age in the senior year is 22, with an SD of 0.7. The z-score of my age is z=1.98. My age is age=______. The z-score of your age is z=-0.03. Your age is age=_______. The z-score of my friend’s age is z=-2.23. My friend’s age is age=_______. The z-score of someone’s age is z=3.02. That person’s age is age=________. The probability that a randomly chosen observation fall between z=-1 and z=1 is __________. The probability that a randomly chosen observation fall between z=-2 and z=2 is __________. The probability that a randomly chosen observation fall between z=-3 and z=3 is __________.
In: Statistics and Probability
You are the nurse manager on a pediatric unit. For the next fiscal year you will be adding 4 intermediate care beds in addition to the 15 acute-care beds that you already have. Your occupancy level runs close to 90%. You calculate that you will need to add TWO FTE RN positions per 8-hour shift to cover the additional beds. Calculate the number of FTE’s you will need to provide full time coverage for 2 FTE’s per 8-hour shift. Be sure to take in to consideration that you are a 24/7 operation and that your staff will need to take vacation, sick and other time away from work. Each FTE will get paid for the following : Holidays 9 Sick days 7 Vacation days 7 Education days 2 You need to calculate the Net Paid Days for each new FTE to be able to determine the total number of FTE’s needed to provide 24/7 coverage as you add the new beds. Show your calculations. Assume that the cost of a Registered nurse salary is $50,000 and benefits are $15,000. Compute the total annual cost of the additional staff. Show your calculations.
In: Nursing
Suppose the Consumer Price Index in 2016 is 127.1 with 2002 as the base year
a. What is the purchasing power of the dollar compared to 2002
b. What is the real income relative to 2002 of the person whose income was $72500
In: Economics
The following information was collected for the first year of manufacturing for Appliance Apps:
| Direct Materials per Unit | $2.25 |
| Direct Labor per Unit | $1.50 |
| Variable Manufacturing Overhead per Unit | $0.25 |
| Variable Selling and Administration Expenses | $1.75 |
| Units Produced | 40,000 |
| Units Sold | 36,000 |
| Sales Price | $12 |
| Fixed Manufacturing Expenses | $120,000 |
| Fixed Selling and Administration Expenses | $20,000 |
Prepare an income statement under the variable costing method.
| Appliance Apps | |
| Income Statement | |
| Sales | $fill in the blank 3d2933f2afa0fe1_2 |
| Variable Cost of Goods Sold | fill in the blank 3d2933f2afa0fe1_4 |
| Gross Contribution Margin | $fill in the blank 3d2933f2afa0fe1_6 |
| Variable Selling and Administration Expenses | fill in the blank 3d2933f2afa0fe1_8 |
| Contribution Margin | $fill in the blank 3d2933f2afa0fe1_10 |
| Fixed Manufacturing Expenses | fill in the blank 3d2933f2afa0fe1_12 |
| Fixed Selling and Administration Expenses | fill in the blank 3d2933f2afa0fe1_14 |
| Net Income | $fill in the blank 3d2933f2afa0fe1_16 |
Prepare a reconciliation to the income under the absorption method.
| Appliance Apps | |
| Reconciliation | |
| Net Income under Variable Costing | $fill in the blank 250cf904ef87028_2 |
| Add: Fixed Manufacturing Overhead Deferred | fill in the blank 250cf904ef87028_4 |
| Net Income under Absorption Costing | $fill in the blank 250cf904ef87028_6 |
In: Accounting
A study conducted by a research group in a recent year reported that 58% of cell phone owners used their phones inside a store for guidance on purchasing decisions. A sample of 16 cell phone owners is studied. Round the answers to at least four decimal places.
A) What is the probability that seven or more of them used their phones for guidance on purchasing decisions? The probability that seven or more of them used their phones for guidance on purchasing decisions is...?
B) What is the probability that fewer than eight of them used their phones for guidance on purchasing decisions? The probability that fewer than eight of them used their phones for guidance on purchasing decisions is...?
C) What is the probability that exactly nine of them used their phones for guidance on purchasing decisions? The probability that exactly nine of them used their phones for guidance on purchasing decisions is...?
D) Would it be unusual if more than 11 of them used their phones for guidance on purchasing decisions? It would/would not be unusual if more than 11 of them used their phones for guidance on purchasing decisions since the probability is ...?
In: Statistics and Probability