Solve the problem. Use an annual percentage rate table if necessary. Enrique has a 60-month fixed installment loan, with a monthly payment of $77.86. The amount he borrowed was $3,500.00. Instead of making his 12th payment, Enrique is paying the remaining balance on the loan How much interest will Engrique save. Use the actuarial method .
In: Accounting
On Dr. Smith's Business Analytics exam, Mary had a z-score of 1.76. What percentage of students in the class scored above or better than Mary on the exam [P(z > 1.76)]?
In: Statistics and Probability
According to the M&M® website, the average percentage of brown M&M® candies in a package of milk chocolate M&Ms is 14%. (This percentage varies, however, among the different types of packaged M&Ms.) Suppose you randomly select a package of milk chocolate M&Ms that contains 57 candies and determine the proportion of brown candies in the package.
(b) What is the probability that the sample proportion of brown
candies is less than 25%? (Round your answer to four decimal
places.)
(c) What is the probability that the sample proportion exceeds 33%?
(Round your answer to four decimal places.)
(d) Within what range would you expect the sample proportion to lie
about 95% of the time? (Round your answers to two decimal
places.)
lower limit:
upper limit:
In: Statistics and Probability
What percentage of cases are lower than those with each Z score: -1, -2, -1.75, 1, 2, 1.75
For a data set with Mean = 20, SD = 3 find the Z scores for each of the following raw scores:
23, 17, 15, 22, 30. Would you consider any of these cases an outlier? Explain your reasoning.
In: Statistics and Probability
Chauncey Billups, a current shooting guard for the Los Angeles Clippers, has a career free-throw percentage of 75.3%. Suppose he shoots seven free throws in tonight's game. What is the standard deviation of the number of free throws that Billups will make?
In: Statistics and Probability
What percentage of respondents is contacted typically during data validation?
Group of answer choices
10%
15%
25%
33%
40%
A researcher should consider answers to all of the following questions except _____ when selecting a particular test of significance.
Group of answer choices
how many samples are involved in the test?
are the samples related?
what type of data is involved?
what is the level of significance?
all of the above should be addressed
The level of significance chosen for hypothesis testing is based on _____.
Group of answer choices
the desired level of confidence one wishes to have in the results
the desired degree of precision
how much risk of a type I error one is willing to accept
the statistical test used
whether the sample is a probability sample
In: Statistics and Probability
During exercise, how/why does a larger percentage of blood (cardiac output) go to skeletal muscles?
In: Anatomy and Physiology
In 2018-2019 season, Adam had a free throw success percentage of 64.2%. Assume that free throw shots are independent and that he had 8 free throws in a game.
Let X= number of free throws made in the next game.
-X has a binomial distribution, state the value of n and p.
-Find the binomial properties. Create a probability distribution table for X and show this probability distribution below.
(Write the following in terms of x in part A and in part B determine the probabability)
1. -Half are made
a. x=
b. Probabability=
2. Compute the mean and standard deviation for the probability distribution. Interpret the values that you calculate in the context of this problem.
In: Math
Question 7 (20 minutes) (AR and AFDA)
Gauthier Services uses the percentage of accounts receivable method
for estimating bad debts, and concludes at the end of the fiscal
year that 1.5 % of accounts receivable will become uncollectible.
Sales are $776,500 for the fiscal year ending December 31, 2010 and
sales returns and allowances amounted to $20,800. All sales were on
account and the balance of accounts receivable at December 31, 2010
was $185,000 and the allowance for doubtful accounts, before any
year-end adjustments, had a debit balance of $449.
Instructions
a) Prepare any required adjusting journal entry at December 31, 2010
b) Assume now that the percentage of sales method is used instead of the percentage of accounts receivable basis and that ½ of 1 % of net credit sales are estimated as being uncollectible. Also assume that the allowance for doubtful accounts has a debit balance of $650. Prepare any required adjusting journal entry at December 31, 2010.
c) Show how net accounts receivable would be reported on the balance sheet after recording the adjusting journal entry at December 31, 2010, under the assumption (b) above.
In: Accounting
| Excel Assignment (Percentage-of-completion) | |||
| Required: | |||
| 1- Using the data provided below you are to input formulas in the area designated below to calculate: % complete, revenue to be recognized in each year, and gross profit to be recognized in each year. (10 points) | |||
| Hint: I suggest you use formulas with an IF function regarding the gross profit section of your speadsheet because your spreadsheet should be able to calculate correct answers whether a contract generates a profit or loss. | |||
| 2- Using the data given and the solutions your spreadsheet generated, prepare all journal entries for 2017. Whevenver possible, the amounts for your journal entries should be formulas that reference the appropriate cells in the calcuations below. (10 points) | |||
| 3-Once you have completed the spreadsheet save your file with your last name(s) and first name(s) and upload it under Assignments by the assignment due date. | |||
| Data: | |||
| Contract price | 1,200,000 | ||
| 2016 | 2017 | 2018 | |
| Costs incurred to date** | $280,000 | $600,000 | $785,000 |
| Estimated costs yet to be incurred | 520,000 | 200,000 | 0 |
| Customer billings to date** | 250,000 | 500,000 | 1,200,000 |
| Collections of billings to date** | 120,000 | 320,000 | 1,040,000 |
| **Hint: You have to figure out the actual cost, billings, and collections for each respective year. The information presented is "to date" not "Costs expended this year" as in the handouts and some of your assigned exercises/problems. | |||
| Use the format provided below to input formulas for each respective year. | |||
| 2016 | 2017 | 2018 | |
| Costs expended to date | |||
| Estimated total costs | |||
| % complete | |||
| Contract price | |||
| % complete | |||
| Revenue recognized to date | |||
| Revenue recognized prior | |||
| Revenue recognized current | |||
| Estimated total gross profit | |||
| % complete | |||
| Gross profit recognized to date | |||
| Gross profit recognized prior | |||
| Gross profit recognized current | |||
In: Accounting