Using the formula:
120(1+.08)^5
Results in:
approximately 176.3193692 dollars
Response:
The monthly income of Kim's business is $10,000.
Every month, Kim spends $3,000 on non-employee costs.
To achieve a monthly profit of $2,000, the highest possible expenditure for employees is calculated as follows:
10000 - 3000 - 2000 = 5000
With the cost of each employee being $1,000 a month, Kim can hire a maximum of 5000/1000 = 5 employees.
Hope this is useful
:)
<span>The outcome = probability of choosing exactly 2, 3, 4, or 5 passing plays.
The probability of selecting exactly two passing plays is given by:
(8C2)*(9*8)*
(15*14*13*12*11*10)
/(26*28*.....19)
where:
8C2 represents the combinations of choosing two from 8 and
probability that the first passing play is selected = 9/26
probability that the second passing play is chosen = 10/25, and so forth
you can similarly calculate the other three scenarios and sum them to find the total probability.</span>
Answer:
They anticipate the following ratio:
x/20 = 160/8, where x represents the population
Next
x = 20×160/8 = 400