JL
Jessica Lauchnor
Answers (4)
JL
Answered
A number of years ago, your client invested $6,000 at a rate of return of 9% compounded annually. If the investment is currently worth $10,968.25, for how long has she held the investment?
On Jun 17, 2024
7.00 years
JL
Answered
If money is worth 8% compounded quarterly, how long (to the nearest day) before a scheduled payment of $6,000 is $5,000 an equivalent payment? For the purpose of determining the number of days in a partial calendar quarter, assume that a full quarter has 91 days.
On Jun 16, 2024
2 years, 3 months, and 19 days
JL
Answered
A statistic is said to be unbiased if its sampling distribution has the smallest standard error.
On May 17, 2024
False
JL
Answered
Once a business is operating beyond the break-even point, why doesn't each additional dollar of revenue add a dollar to net income?
On May 16, 2024
At the break-even point, all fixed costs and all variable costs (for production at the break-even volume) are covered and NI = 0. Production beyond the break-even point results in additional variable costs. Therefore, only the difference between additional revenue ($1) and additional variable costs (CR × $1) contributes to net income.