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finance

Given the following information, compute the target cash balance using the BAT model: <center> | | | |----------------------|:-------:| | Annual interest rate | 4.5% | | Fixed order cost | $25 | | Total cash needed |$10,200 | </center> How do you interpret your answer?

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algebra

123 Savings and Loan charges a monthly fee of $8 on checking accounts and an overdraft protection fee of$33. Neela’s check register showed she had a balance of $456 when she wrote a check for$312. Three days later she realized her check register had an error and she actually only had $256. So she transferred$250 into her checking account. The next day, her monthly account statement was sent to her. What was the balance on her statement?

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question

The average weight of a package of rolled oats is supposed to be at least $18$ ounces. A sample of $18$ packages shows a mean of $17.78$ ounces with a standard deviation of $0.41$ ounce. (a) At the $5$ percent level of significance, is the true mean smaller than the specification? Clearly state your hypotheses and decision rule. (b) Is this conclusion sensitive to the choice of $\alpha$ ? (c) Use Excel to find the $p$-value. Interpret it.

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finance

Evie Inc. has the following transactions during its first month of business. Journalize the transactions that go in the sales journal. Jun. 1 Credit sale (invoice #1) to Green Lantern Inc. (acc #101) for $1,999 Jun. 2 Credit sale (invoice #2) to Wonder Woman Inc. (acc #102) for$2,000 Jun. 3 Credit sale to Flash Inc. (invoice #3) (acc #103) for $3,050 Jun. 4 Received$1,000 on account from Green Lantern Inc. Jun. 5 Credit sale (invoice #4) to Black Panther Inc. (acc #104) for $1,875 Jun. 6 Received the full amount from Flash Inc.

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