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MH

Answered

Lambert's Auto Mart had a beginning inventory of $1,400,800, purchases of $3,001,300, and an ending inventory of $1,600,500. Compute the inventory turnover when inventory and purchases are at retail.​

On Jun 26, 2024


1.87 times​
MH

Answered

Suppose that the average amount of sugar a person eats per year is 7 kg with a standard deviation of 1.5 kg.How many standard deviations from the mean is the consumption of 11 kg of sugar?

A) About 1.33 standard deviations above the mean
B) About 1.33 standard deviations below the mean
C) About 4.67 standard deviations above the mean
D) About 2.67 standard deviations above the mean
E) About 2.67 standard deviations below the mean

On Jun 20, 2024


D
MH

Answered

Solve for the following pair of equations to three figure accuracy.
x - y = 12
4x + 6y = 42

On May 21, 2024


x = 11.4 y = -0.6
MH

Answered

An investor borrowed $10,000 to buy shares of stock of a chain of retail gift stores. The loan was for 120 days at 9% ordinary simple interest. Compute the interest that the investor will pay on the due date. (Use a 360-day year.)​

On May 19, 2024


$10,000 × 0.09 × 120/360 = $300
MH

Answered

What is the future value of deposits of $1,000 per year for 10 years earning 5.75% compounded annually?

On May 18, 2024


$13,027.06