Contemporary Mathematics for Business & Consumers
Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
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Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…
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Chapter 15.III, Problem 11RE
To determine

To calculate: The average collection period of the company Super-Saver Inc. which has accounts receivable of $52,770, and credit sales of $770,442.

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Go to Yahoo!Finance and download data at the MONTHLY frequency for the stock `` Amazon.com Inc`` with ticker AMZN with starting date June 1, 1997 and end date August 4, 2016. Use the ADJUSTED CLOSING PRICE to create the monthly RETURNS that are the percentage change of the adjusted closing price (NB: make sure to sort first the price from OLDEST TO NEWEST; the percentage return is 100 times the price change between the current and previous month divided by the price in the previous month).   Based on the time series of the stock return, answer the following questions (NB: you should have 230 monthly returns): Calculate the sample mean or average of the stock return:  Calculate the sample standard deviation of the stock return:  !!! For the questions below, use the values for the mean and std. dev. that you typed above !!! Assuming that the returns follow a normal distribution: Calculate the P(return > 3.31):  Calculate the P(-14.59 < return < 35.61):  Find x such that P(return…
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Chapter 15 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIECh. 15.I - Prob. 3TIECh. 15.I - Prob. 1RECh. 15.I - Prob. 2RECh. 15.I - Prob. 3RECh. 15.I - Prob. 4RECh. 15.I - Prob. 5RECh. 15.I - Prob. 6RECh. 15.I - Calculate the following values according to the...
Ch. 15.I - Prob. 8RECh. 15.I - Calculate the missing balance sheet items for...Ch. 15.I - Prob. 10RECh. 15.I - Prob. 11RECh. 15.I - Prob. 12RECh. 15.I - Prob. 13RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 16RECh. 15.I - Prob. 17RECh. 15.I - Prob. 18RECh. 15.I - Prob. 19RECh. 15.I - Prob. 20RECh. 15.I - Prob. 21RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 23RECh. 15.I - Prob. 24RECh. 15.I - Prob. 25RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 27RECh. 15.I - Prob. 28RECh. 15.I - Prob. 29RECh. 15.I - Prob. 30RECh. 15.I - Prob. 31RECh. 15.I - Prob. 32RECh. 15.I - Prob. 33RECh. 15.I - Prepare the following statements on separate...Ch. 15.I - a. Use the following financial information to...Ch. 15.II - Prob. 4TIECh. 15.II - Prob. 5TIECh. 15.II - Prob. 6TIECh. 15.II - Prob. 1RECh. 15.II - Prob. 2RECh. 15.II - Prob. 3RECh. 15.II - Prob. 4RECh. 15.II - Calculate the missing information based on the...Ch. 15.II - Prob. 6RECh. 15.II - Prob. 7RECh. 15.II - Prob. 8RECh. 15.II - Prob. 9RECh. 15.II - Prob. 10RECh. 15.II - Prob. 11RECh. 15.II - 12. For the third quarter. Micro Tech had gross...Ch. 15.II - For August, Island Traders, Inc. had the following...Ch. 15.II - Prepare the following statements on separate...Ch. 15.II - Prepare the following statements on separate...Ch. 15.III - Use the balance sheet and income statement on...Ch. 15.III - Prob. 8TIECh. 15.III - Prob. 1RECh. 15.III - Prob. 2RECh. 15.III - Prob. 3RECh. 15.III - Prob. 4RECh. 15.III - Prob. 5RECh. 15.III - Prob. 6RECh. 15.III - Prob. 7RECh. 15.III - Prob. 8RECh. 15.III - Prob. 9RECh. 15.III - Prob. 10RECh. 15.III - Prob. 11RECh. 15.III - Prob. 12RECh. 15.III - Prob. 13RECh. 15.III - Prob. 14RECh. 15.III - Calculate the average inventory and inventory...Ch. 15.III - Prob. 16RECh. 15.III - Prob. 17RECh. 15.III - Prob. 18RECh. 15.III - Prob. 19RECh. 15.III - Prob. 20RECh. 15.III - Prob. 21RECh. 15.III - Prob. 22RECh. 15.III - Prob. 23RECh. 15.III - Prob. 24RECh. 15.III - Calculate the gross and net profits and the two...Ch. 15.III - Prob. 26RECh. 15.III - Prob. 27RECh. 15.III - Prob. 28RECh. 15.III - Prob. 29RECh. 15.III - Prob. 30RECh. 15.III - Prob. 31RECh. 15.III - Prob. 32RECh. 15.III - Prob. 33RECh. 15 - 1. In accounting, economic resources owned by a...Ch. 15 - 2. The financial statement that illustrates the...Ch. 15 - 3. The balance sheet is a visual presentation of...Ch. 15 - Prob. 4CRCh. 15 - 5. A financial statement prepared with the data...Ch. 15 - Prob. 6CRCh. 15 - Prob. 7CRCh. 15 - Prob. 8CRCh. 15 - Prob. 9CRCh. 15 - Prob. 10CRCh. 15 - Prob. 11CRCh. 15 - Prob. 12CRCh. 15 - Prob. 13CRCh. 15 - Prob. 14CRCh. 15 - Prob. 1ATCh. 15 - Prob. 2ATCh. 15 - Prob. 3ATCh. 15 - Prob. 4ATCh. 15 - a. Use the following financial information to...Ch. 15 - a. Use the following financial information to...Ch. 15 - For the second quarter. Evergreen Plant Nursery...Ch. 15 - 8. For the month of January. Consolidated Engine...Ch. 15 - Prob. 9ATCh. 15 - a. Use the following financial information to...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - Prob. 22ATCh. 15 - Prob. 23ATCh. 15 - 24. From the following consolidated statements of...
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