STOCK TRANSACTIONS Jack Spaulding bought
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Finite Mathematics for the Managerial, Life, and Social Sciences
- What is the total effect on the economy of a government tax rebate of $1,000 to each household in order to stimulate the economy if each household will spend 90% of the rebate in goods and services?arrow_forwardLeslie's monthly income is $1,871.04 and has fixed expenses of $912.46. Leslie treats her roommates to salads and pizzas from Papa Antonio’s every Monday and Thursday, at a cost of $30, including delivery and tip. What percentage of her budget after fixed expenses goes toward these semiweekly gatherings on average?arrow_forwardthe month of June. Question 3: Good Food Bakery paid $599.25 for flour after discounts of 15% and 6 % were applied to its order. What was the list price of the flower?,arrow_forward
- Lucy invested $10,000 in a new mutual fund account exactly three years ago. The value of the account increased by 10 percent during the first year, increased by 5 percent during the second year, and decreased by 10 percent during the third year. What is the value of the account today?arrow_forwardAmy invested $500 per month in a 401k that earned 6% annual return for 40 years. Hank invested $1,000 per month in a 401k that also earned 6% annual return, but for 20 years. Which of the following would be true?arrow_forwardJerry has been promoted to the position of regional sales manager for Marlin Enterprises. As a perk of the new position, Jerry has been offered the opportunity to enroll in a corporate travel club. Members of the travel club pay a fixed annual membership fee in exchange for, among other benefits, the club reimbursing some or all of their personal travel expenses. Jerry's estimate of potential travel expenses in the next year is shown in the table below. Travel expenses ($1000s) Probability 0 44.31% 1.71 22.00% 2.94 4.17 5.4 5.16% 6.63 3.09% 7.86 9.09 2.07% 1.41% 13.64% 8.32% Jerry is considering whether to enroll in the organization's travel club. There are three alternatives for Jerry to consider. Option 1: Full Travel Membership Annual membership fee of $2,925 and reimburses 100% of any travel expenses incurred Option 2: VIP Travel Membership Annual membership fee of $855 and reimburses the portion of travel expenses that exceed $2,525. (For example, if travel…arrow_forward
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