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Bobby,
I gave all of the information that the problem gives me.
I am just completely lost on this one. I am not coming up with anything close to what I should be.
A mortgage at 18% interest compounded monthly with a monthly payment of $500 has an unpaid balance of $5035.56 after 109 months. Find the unpaid balance after 110 months.
I used:
i=.015
n = 110
R = $500
P = [1-(1+i)^-n/i]*R
Please help.
If I am paying a down payment of $300 and payments of $200 per month for 3 years with an interest rate of 12% compounded monthly, how do I calculate the cost of the car?
Am I on the right track using:
F=[(1+i)^n-1/i]*R+down payment = $8,915.38
Im still lost but thanks Bob
awww I see the issue of the confusion. I did not type in the whole problem. 4 more were sold. Not just more were sold.
Sorry everyone.
Which one that I picked for the issue of the TV's? I posted my answer in the thread. I didn't use a formula, I did a process of evaluation being that 4 more were sold than the other and the total received was provided.
I am stumped again.
Find the equation of line L in standard form. L is parallel to y=1/3x.
I am not sure why I am thrown off. It shows line L with a point of (2,4)
I have y=-x+6 and I know that can't be correct because the slopw is 1/3 so is it y=-1/3x+6
I am really confused.
Please help to see what the answer is and why so that I can understand.
Thanks everyone. I did find the answer though it was painful as I could not figure out the formula.
28 15" TV's at $250 = $14000
24 19"TV's at $500 = $ 6000
52 total TV's = $20000
ok thank you i will do that
thank you, I figured out the answer to the other question. I am not sure how to remove the post.
stumped again. This one is completely throwning me off.
Find an equation of the line having y-intercept (0,3) and x-intercept (-4,0)
y=
please help
I don't know why but I am stuck on this problem. Can someone please help?
An appliance store sells a 15" TV for $250 and a 19" TV for $500. During a one-week period the store sold more 19" TVs than 15" TVs and collected $20,000. What was the total number of TV sets sold?
what is pm?
This isn't straight math so I am just hoping that I can get some help.
Use the following
assume the tax rate is 34 percent
Sales - 2010 - 11,573; 2011 - 12,936
Depreciation - 2010 - 1,661; 2011 - 1,736
Cost of goods sold - 2010 - 3,979; 2011 - 4,707
other expenses - 2010 - 946; 2011 - 824
interest - 2010 - 776; 2011 - 926
cash - 2010 - 6,067; 2011 - 6,466
accounts receivable - 2010 - 8,034; 2011 - 9,427
short term notes payable - 2010 - 1,171; 2011 - 1,147
long term debt - 2010 - 20320; 2011 - 24,696
net fixed assets - 2010 - 50,888; 2011 - 54,273
accounts payable - 2010 - 4,384; 2011 - 4,644
inventory - 2010 - 14,283; 2011 - 15,288
dividends - 2010 - 1,411; 2011 - 1,618
Draw up an income statement and balance sheet for this company for 2010 and 2011
For 2011, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
I tried this and am trying to attach what I have done. I think that my income statement and balance sheet are incorrect and I am completely lost on the cash flow. Please help.
It is excel and not an image so I don't think that I can up load them. Ugh!!!
Taco Swell Incorporated
Balance Sheet
2010 2011 2010 2011
Current assets Current liabilities
cash $6,067.00 $6,466.00 Accounts payable $4,384.00 $4,644.00
Accounts receivable $8,034.00 $9,427.00 Notes payable $1,171.00 $1,147.00
Inventory $14,283.00 $15,288.00 Total Current Liabilities $5,555.00 $5,791.00
Total $28,384.00 $31,181.00
Fixed assets
Net fixed assets $50,888.00 $54,273.00 Long-term debt $20,320.00 $24,696.00
Owners Equity $53,397.00 $54,967.00
Total Liabilities
Total assets $79,272.00 $85,454.00 and Owners Equity $79,272.00 $85,454.00
Taco Swell Incorporated
Income Statement
2010 2011
Sales $11,573.00 $12,936.00
Cost of goods sold $3,979.00 $4,707.00
Other expenses $946.00 $824.00
Depreciation $1,661.00 $1,736.00
Earnings before interest and taxes $4,987.00 $5,669.00
Interest paid $776.00 $926.00
Taxable Income $4,211.00 $4,743.00
Taxes 34% $1,431.74 $1,612.62
Net Income $2,779.26 $3,130.38
Dividends $1,411.00 $1,618.00
Addition to retained earnings $1,368.26 $1,512.38
Taco Swell Incorporated
Cash Flow
2010 2011
Earnings before interest and taxes $4,987.00 $5,669.00
plus Depreciation $1,661.00 $1,736.00
minus taxes 1431.74 $1,612.62
Operating Cash Flow $5,216.26 $5,792.38
Ending net fixed assets $50,888.00 $54,273.00
minus beginning net fixed assets $0.00 $50,888.00
plus depreciation $1,661.00 $1,736.00
Net Capital Spending $52,549.00 $5,121.00
Ending NWC $54,210.00 $31,181.00
minus beginning NWC $5,555.00 $5,791.00
Change in NWC $48,655.00 $25,390.00
Operating cash flow $5,216.26 $5,792.38
minus net capital spending $52,549.00 $5,121.00
minus change in NWC $48,655.00 $25,390.00
Cash flow from assets -$95,987.74 -$24,718.62
Interest paid $776.00 $926.00
minus net borrowing $20,320.00 $4,376.00
Cash flow to creditors -$19,544.00 -$3,450.00
Dividends paid $1,411.00 $1,618.00
minus new equity raised
Cash flow to stockholders
Please help. I did work this through but something is telling me that I did it incorrectly.
A sample of 27 blue jellybeans with a mean wt of 0.850 g was taken. Assume that the standard deviation is known to be 0.0565 g. Consider the hypothesis test that uses a 0.05 significance level to test the claim that the mean wt of all jellybeans is equal to 0.8545 g. ( the wt necessary so that bags of jellybeans have the weight printed on the package). Assume the weight of the jellybeans is normally distributed.
(a) What is the test statistic?
I got .32
(b) What are the critical values?
I got -0.99,0.99
(c) What is the P-value?
I got .7490
(d) what is the final conclusion?
I got
Fail to reject H0, There is not sufficient evidence to warrant rejection of the claim that the mean weight of jellybeans is equal to 0.8545 g.
I don't know why I can't think to remember how to work this problem but can you please help me with the following on the steps to get the answer?
Assume that a procedure yields a binomial distribution with a trial repeated n times. Use a binomial probabilities table to find the probability of x successes given the probability p of successes on a given trial.
n=5, x=5,p=0.80
P(5)=
Thank you.
I forgot how to work this out. Can you please help?
In a region, 70% of the population have brown eyes. If 14 people are rondomly selected, find the probability that at least 12 of them have brown eyes. Is it unusual to randomly select 14 people and find that at least 12 of them have brown eyes? Why or why not?