Jason is saving for a new TV. He currently has $2,200 in his account that earns 3%, compounded monthly, and the new TV costs $5,500. Assuming Jason deposits $100 in his account each month, how many months until his account has enough money to purchase the new TV? Group of answer choices 33 months. 24 months. 31 months. 29 months.
In: Finance
The management of White Industries is considering a new method
of
assembling its golf cart. The present method requires 21.2 minutes,
on the
average, to assemble a cart with the sample standard deviation of
1.4
minutes. Using the new method, the mean assembly time for a
random
sample of 24 carts, was 20.3 minutes.
Using the 0.10 level of significance, can we conclude that the
assembly time
using the new method is faster?
In: Statistics and Probability
In a clinical trial, 50 patients who received a new medication are randomly selected. It was found that 10 of them suffered serious side effects from this new medication. Let p denote the population proportion of patients suffered serious side effects from this new medication.
Find the minimum sample size needed to estimate the population proportion p with 90% confidence such that the estimate is accurate within 0.04 of p.
In: Statistics and Probability
Deman- Related Pricing Calculation
a. Calculate the price elasticity of demand for a restaurant’s pizza under the
following conditions:
Old price: $8
Old quantity:
1,000/month
Total Revenue: $8,000
New price: $10
New quantity: 900/month
Total revenue: $9,000
b. If the new quantity sold per month were 700 (instead of 900), what would be
the price elasticity of demand?
In: Accounting
Your organization currently has a defined contribution pension plan with employees contributing up to 3% with a company match. Effective with the first pay of the new year, new employees will no longer be enrolled in that plan. Instead, they will be enrolled in the new Group Registered Retirement Savings Plan (RRSP) with the same contribution options. In your own words, explain the difference in the T4 information slip reporting for these two groups of employees.
In: Accounting
Louis Vuitton is about to introduce a new item to its line of women’s shoes. What three places can the unit sale for the new item come from that can affect the net impact on the company’s own margins?
The new Fresh-Cola product by Fresh-Cola Inc., a manufacturer of carbonated drinks, has just been introduced. What patterns develop during this phase of the product life cycle?
In: Operations Management
our first constitution was the Articles of Confederation. the Federalists (pro new constitution) and Antifederalists (pro keeping the Articles of Confederation) debated whether to replace the Articles with the new Constitution. In fact, the Federalist won. But what if the Antifederalists prevailed in 1788 and the people voted not to adopt the new constitution.
What would be the characteristics of our country today if the Articles of Confederation had remained our constitution? Give details and examples. Be specific.
In: Operations Management
In your citations, include the following:
In: Computer Science
Suppose that Denver Financial Co. expects the exchange rate of the New Zealand dollar (NZ$) to appreciate from its current level of 0.5 to 0.55 in 30 days. Denver Financial seeks to capitalize on this potential opportunity.
Suppose that Denver Financial begins by borrowing $30,000,000 and converting it to New Zealand dollars (NZ$).
The following table shows the short-term interest rates (annualized) in the interbank market.
|
Currency |
Lending Rate |
Borrowing rate |
|---|---|---|
|
(Adjusted for 30-day period) |
(Adjusted for 30-day period) |
|
| U.S. Dollars | 6.62% | 7.10% |
| New Zealand Dollars (NZ$) | 6.38% | 6.86% |
Suppose that Denver Financial’s initial loan of $30,000,000 must be repaid with a rate of 0.0059 after 30-days.
Hint: Assume 360 days in a year.
Thus, at the end of 30-days, Denver Financial must repay a total of $(33,195,250, or 36,213,000, or 30,177,500, or 39,230,750) (U.S. dollars) from the initial loan. In New Zealand dollars, at the new predicted 0.55 spot rate, this repayment would be equivalent to NZ $(38,407,727.27, or 54,868,181.82, or 49,381,363.64, or 43,894,545.46) (New Zealand dollars).
The bold are the option choices and could you please explain, thank you.
In: Finance
Suppose that Denver Financial Co. expects the exchange rate of the New Zealand dollar (NZ$) to appreciate from its current level of 0.5 to 0.55 in 30 days. Denver Financial seeks to capitalize on this potential opportunity.
Suppose that Denver Financial begins by borrowing $30,000,000 and converting it to New Zealand dollars (NZ$).
The following table shows the short-term interest rates (annualized) in the interbank market.
|
Currency |
Lending Rate |
Borrowing rate |
|---|---|---|
|
(Adjusted for 30-day period) |
(Adjusted for 30-day period) |
|
| U.S. Dollars | 6.62% | 7.10% |
| New Zealand Dollars (NZ$) | 6.38% | 6.86% |
Suppose that Denver Financial’s initial loan of $30,000,000 must be repaid with a rate of 0.0059 after 30-days.
Hint: Assume 360 days in a year.
Thus, at the end of 30-days, Denver Financial must repay a total of $___________ (U.S. dollars) from the initial loan. In New Zealand dollars, at the new predicted 0.55 spot rate, this repayment would be equivalent to NZ $___________ (New Zealand dollars).
Fill in the blank.
Answer choices for the first blank.........(33,195,250, or 36,213,000, or 30,177,500, or 39,230,750)
Answer choices for the first blank..........(38,407,727.27, or 54,868,181.82, or 49,381,363.64, or 43,894,545.46)
In: Finance