If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the investment will be worth how much?

When John receives $1,000 a year from now, the $1,000 he invested today will be worth how much more than the $1,000 he receives in the future?

Answers

Answer 1
First you have to do 12x1200 then the answer is 9999

Related Questions

Simplify: 10 divided by 1/4
1) 40
2) 1/40
3) 2 and 1/2
4) 20

Answers

Answer:

1

Step-by-step explanation:

10*4=40

so 1

Write the rate as a fraction in lowest terms.
22 cups for 6 people

Answers

Answer:

[tex]\frac{3}{11}[/tex]

Step-by-step explanation:

6/22 = 3/11

22/6
11/3
11/3 is the lowest term

What is the perimeter of the L-shape?

Answers

Answer:

There isn't anything i can do when there isn't even a graph or a picture showing what it even looks like so I can't help you maybe re-post it with a picture then i can help.

A scientist invents a car that can travel for many hours without stopping for fuel. The car travels around a track at 46 miles an hour for 24 hours. At the end of the 24 hours, how far has the car traveled

Answers

Assuming the car is going at a constant speed, it will travel 1104 miles.

46*24=1104

50 POINTS AND BRAINLIEST
I need to know the steps for solving this. I know the answer is no solution but i don't understand the steps. Please help!!!

Answers

1/1+z+4/z+z^2 +1

1/2z =4/2z^2 +1

1/2z=2(z^2+2)/2z^2

1/2z=z^4+2z^2

z^5/2+2z^2

=therefore it has no solution I think this is the stes i m not sure sorry i m not sure ,try asking somebody else to cuz i m not sure

76% of 250 is what number?

Answers

190 is the correct answer
ANSWER:
76% of 250 is 190

hope this helps :)

Starting at 6 a.m. every morning, Matilda receives text messages on her cell phone from her mother, her best friend, and her brother according to three independent Poisson processes. Her mother texts Matilda on average once every hour. Her best friend sends a message once every 10 minutes, and she receives messages from her brother every 30 minutes.
A) Find the probability that by 7:30 a.m. Mary receives exactly four messages – two of her best friend and two of her mother.
B) With a chance of 75% a text message contains a typo independent of the sender. Find the probability that there are no typos in the text messages Matilda receives between 2 p.m. and 5 p.m.

Answers

Answer:

a) 0.0013 = 0.13% probability that by 7:30 a.m. Mary receives exactly four messages – two of her best friend and two of her mother.

b) [tex]1.6 \times 10^{-9}[/tex] probability that there are no typos in the text messages Matilda receives between 2 p.m. and 5 p.m.

Step-by-step explanation:

Poisson distribution:

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

In which

x is the number of sucesses

e = 2.71828 is the Euler number

[tex]\mu[/tex] is the mean in the given interval.

A) Find the probability that by 7:30 a.m. Mary receives exactly four messages – two of her best friend and two of her mother.

Two from the best friend:

Her best friend sends a message once every 10 minutes.

From 6 to 7:30, there is an hour and a half, that is, 90 minutes, so the mean for her best friend is [tex]\mu = \frac{90}{10} = 9[/tex]

Two messages is P(X = 2). So

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

[tex]P(X = 2) = \frac{e^{-9}*9^{2}}{(2)!} = 0.0050[/tex]

Two from the mother:

Message every hour = 60 minutes. So [tex]\mu = \frac{90}{60} = 1.5[/tex]. This is P(X = 2).

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

[tex]P(X = 2) = \frac{e^{-1.5}*1.5^{2}}{(2)!} = 0.2510[/tex]

Two of her best friend and two of her mother:

Independent events, so the probability of both happening is the multiplication of their separate probabilities.

[tex]p = 0.005*0.251 = 0.0013[/tex]

0.0013 = 0.13% probability that by 7:30 a.m. Mary receives exactly four messages – two of her best friend and two of her mother.

B) With a chance of 75% a text message contains a typo independent of the sender. Find the probability that there are no typos in the text messages Matilda receives between 2 p.m. and 5 p.m.

In 3 hours, she is expected to receive:

3*60/10 = 18 messages from her best friend.

3*60/60 = 3 messages from her mother.

3*60/30 = 6 messages from her brother.

In total, 27 messages.

75% probability of a typo, so [tex]\mu = 0.75*27 = 20.25[/tex]

This is P(X = 0).

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

[tex]P(X = 0) = \frac{e^{-20.25}*20.25^{0}}{(0)!} = 1.6 \times 10^{-9}[/tex]

[tex]1.6 \times 10^{-9}[/tex] probability that there are no typos in the text messages Matilda receives between 2 p.m. and 5 p.m.

We are given a table that displays the current value of information technology giant, Cisco Inc. Using the table below, determine the closing price of Cisco Systems stock the previous day. A 9-column table with 1 row. Column 1 is labeled 52-week high with entry 15.34. Column 2 is labeled 52-week low with entry 14.88. Column 3 is labeled stock with entry C S C O. Column 4 is labeled Dividend with entry 0.15. Column 5 is labeled yield percentage with entry 0.997. Column 6 is labeled P E with entry 11.97. Column 7 is labeled Volume 100 s with entry 563,063. Column 8 is labeled close with entry 15.04. Column 9 is labeled net change with entry negative 0.02. a. $14.86 c. $15.06 b. $14.90 d. $15.04

Answers

Answer:

$15.06 answer C

Step-by-step explanation:

The previous day's closing price of Cisco Systems stock was $15.06. The correct option is c.

The closing price of Cisco Systems stock the previous day was $15.06.

We can see from the table that the "close" price listed in column 8 is $15.04 and the "net change" listed in column 9 is negative 0.02. This means that the stock price decreased by $0.02 from the previous day's closing price.

To find the previous day's closing price, we need to add the net change of -$0.02 to the current day's closing price of $15.04:

$15.04 + (-$0.02) = $15.02

Thus, the correct option is c.

For more details regarding closing price, visit:

https://brainly.com/question/3953674

#SPJ7

Ground beef is on sale for $3.05 per pound. Gretel buys 80 ounces of ground beef. How much does she owe the butcher?

Answers

Answer:

15.25

convert to ounces- 80 ounces equals 5 pounds

multiply by the unit price-5*3.05

get the answer- 15.25

Answer:

Step-by-step explanation:

(3.05/lb)(80oz)(lb/16oz)=$15.25

In trapezul ABCD, AC apartine BD = {O}, BD = 35 cm, iar CO/OA=3/4. Calculati lungimile segmentelor OA si OB

Answers

Answer:

We have been attempting to reach you about your car's extended warranty.

Step-by-step explanation:

Juan read 15 books in 9 months. How many books did he read in 24 months? And how many months did it take him to read 5 books?

Answers

0.8 months stan loona

Answer:

40 books and 3 months

Step-by-step explanation:

b= books

15b=9months

1 month =15/9=5/3

24 months =24×5/3

24 months =8×5=40 books

1b=9/15

1b=3/5

5b =3/5×5

5b=3

it would take him 3 months to read 5 books

WILL GIVE BRAINLIEST!

What will be the perimeter and the area of the rectangle below if it is enlarged using a scale factor of 6.5? (5 points)

A rectangle is shown. The length of the rectangle is labeled as 8 cm, and the width is labeled as 6 cm.

Group of answer choices

Perimeter = 54 cm, area = 181.25 cm2

Perimeter = 54 cm, area = 2,028 cm2

Perimeter = 182 cm, area = 2,028 cm2

Perimeter = 182 cm, area = 181.25 cm2

Answers

Answer:

Perimeter 182 cm, area= 2,028 cm2

Step-by-step explanation:

The perimeter of the given rectangle is

  2(6 cm + 8 cm) = 28 cm

The area of the given rectangle is

  (6 cm)*(8 cm) = 48 cm^2

The larger rectangle will have a perimeter of

  6.5*28 cm = 182 cm

The larger rectangle will have an area of

  6.5^2*48 cm^2 = 2028 cm^2 . . . . . note the scale factor is squared for area

The appropriate choice is the 3rd one, ...

  Perimeter = 182 cm, area = 2,028 cm^2

Answer: Perimeter = 182 cm, area = 2,028 cm2 3rd one

Step-by-step explanation:

A study was conducted on students from a particular high school over the last 8 years. The following information was found regarding standardized tests used for college admitance. Scores on the SAT test are normally distributed with a mean of 1117 and a standard deviation of 194. Scores on the ACT test are normally distributed with a mean of 21.9 and a standard deviation of 3.8. It is assumed that the two tests measure the same aptitude, but use different scales.
If a student gets an SAT score that is the 77-percentile, find the actual SAT score.
SAT score =
Round answer to a whole number.
What would be the equivalent ACT score for this student?
ACT score =
Round answer to 1 decimal place.
If a student gets an SAT score of 1544, find the equivalent ACT score.
ACT score =
Round answer to 1 decimal place.

Answers

Answer:

The actual SAT score is 1260.6.

The equivalent ACT score for this student(77th percentile) is 24.7.

The equivalent ACT score to a SAT score of 1544 is 30.26.

Step-by-step explanation:

When the distribution is normal, we use the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

SAT:

[tex]\mu = 1117, \sigma = 194[/tex]

ACT:

[tex]\mu = 21.9, \sigma = 3.8[/tex]

If a student gets an SAT score that is the 77-percentile, find the actual SAT score.

This is X when Z has a pvalue of 0.77. So X when Z = 0.74.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.74 = \frac{X - 1117}{194}[/tex]

[tex]X - 1117 = 0.74*194[/tex]

[tex]X = 1260.6[/tex]

The actual SAT score is 1260.6.

What would be the equivalent ACT score for this student?

X when Z = 0.74, using [tex]\mu = 21.9, \sigma = 3.8[/tex]

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.74 = \frac{X - 21.9}{3.8}[/tex]

[tex]X - 21.9 = 0.74*3.8[/tex]

[tex]X = 24.7[/tex]

The equivalent ACT score for this student(77th percentile) is 24.7.

If a student gets an SAT score of 1544, find the equivalent ACT score.

First we find the z-score of the SAT, then we find the equivalent ACT score.

Z-score of SAT:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{1544 - 1117}{194}[/tex]

[tex]Z = 2.2[/tex]

Equivalent ACT:

X when Z = 2.2. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]2.2 = \frac{X - 21.9}{3.8}[/tex]

[tex]X - 21.9 = 2.2*3.8[/tex]

[tex]X = 30.26[/tex]

The equivalent ACT score to a SAT score of 1544 is 30.26.

50% off on a $300 skateboard! There was a 6% tax. What is the new Total for the skateboard?​

Answers

Answer:

$159

Step-by-step explanation:

Answer:

$159

Step-by-step explanation:

300 decrease 50% =

300 × (1 - 50%) = 300 × (1 - 0.5) = 150

150 increase 6% =

150 × (1 + 6%) = 150 × (1 + 0.06) = 159


An illustration of a cell interacting with its environment is provided.
Call membrane
The illustration best represents which of the following?
Water moving into a cell by the process of osmosis
2 Ο Ο Ο Ο.
Passive transport of solute into the cell by diffusion
Active transport of solute into the cell using energy
Water leaving the cell by the process of osmosis

Answers

Answer:

the 1st one

Step-by-step explanation:

thank u and have a nice day and i hope this helped

(SAT Prep) Find the value of x.

Answers

Answer:

x = 65°

Step-by-step explanation:

2x and 50° are supplementary angles

2x + 50° = 180°2x = 130°x = 130°/2x = 65°

Answer:

65

Step-by-step explanation:

2x+2x=4x

4x+50+50=360

4x+100=360

4x=260

x=65

A factory uses a special kind of lubricant to maintain its two milling machines. Weekly lubricant usage for each machine is an independent random variable (zero correlation). The first machine has a mean usage of 50.6 gallons and standard deviation of 12 gallons. The second machine has a mean usage of 64.4 gallons and standard deviation of 16 gallons.
Suppose that at the beginning of the week, the factory has a total of 135 gallons of lubricant in stock. The factory will not receive any replenishment of lubricant from its supplier until the end of the week. Assume that the total lubricant usage (of the two machines combined) follows a normal distribution. What is the probability that the factory will run out of lubricant before the next replenishment arrives?

Answers

Answer:

0.1587 = 15.87% probability that the factory will run out of lubricant before the next replenishment arrives

Step-by-step explanation:

When the distribution is normal, we use the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Addition of normal variables.

When we add two normal variables, the mean is the sum of the separate means, and the standard deviation is the square root of the sum of the variances. So

The first machine has a mean usage of 50.6 gallons and standard deviation of 12 gallons. The second machine has a mean usage of 64.4 gallons and standard deviation of 16 gallons.

Total consumption is of both machines, combined. So

[tex]\mu = 50.6 + 64.4 = 115[/tex]

[tex]\sigma = \sqrt{12^2 + 16^2} = 20[/tex]

What is the probability that the factory will run out of lubricant before the next replenishment arrives?

Probability of consuming more than 135 gallons, which is 1 subtracted by the pvalue of Z when X = 135. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{135 - 115}{20}[/tex]

[tex]Z = 1[/tex]

[tex]Z = 1[/tex] has a pvalue of 0.8413

1 - 0.8413 = 0.1587

0.1587 = 15.87% probability that the factory will run out of lubricant before the next replenishment arrives

this is kirtys recipe for breakfast cereal 50 grams of oats 30 grams of raisins 40 grams of nuts if she uses 125 grams of oats, how many grams of
raisins does she need

Answers

100g Hope this help have a good day

A table is 2 feet wide it is 6 times as long it is wide

Answers

Answer:

Length = 12 feet

Perimeter = 28 feet

Area = 24ft²

Step-by-step explanation:

You didn't ask a question so I don't know what the answer you want is so I assumed it was related to one of the answers shown above.

To calculate the length, you simply do 6*2

which is equal to 12.  

The length is 12 feet.

However, if you want to find the perimeter:

12 + 12 + 2+ 2 =  28ft

If you wanted to find the area:

12*2 = 24ft²

I hope this helps!

ax + b2 = cx + d2
????

Answers

Answer:

x=b^2+d^2/a-c

Step-by-step explanation:

5 x + 2 = 22


















What is

Answers

Answer:

Step-by-step explanation:

5x + 2 = 22

Bringing like terms on one side

5x = 22 - 2

5x = 20

x = 20/5 = 4

The following stem-and-lead plot shows the One record attendance for original Charity Drive meetings what is the mode of these values?
A.)48
B.) 84
C.) 70
D.) 66

Answers

Answer:

CHOOSE  A. 48

Step-by-step explanation:

Because its easy just do it.

I just feel like doing a challenge. Dont actually need help, so if you dont feel like answering, no problem. But what is 321 times 67. Don't use calculator, and first to get it right will get brainliest (:

Answers

Answer:

21507

Step-by-step explanation:

what is one sixth of the product of four and nine​

Answers

Answer:

6

Step-by-step explanation:

The product of four and nine is 36.

If you make 1/6 into a decimal, then multiply it by 36 you get 6!

I hope this helps, and have a great day! :)

Answer:

6

Step-by-step explanation:

4*9=36

6/6=36

36*1/1*6

36/6

6

Factor the expression -18y-27

Answers

Answer:

-9(2y+3) Tip: Download photo math lol : )

2. Jimmy is rolling a 1-6 number cube. Which statement is true? A Jimmy is equally likely to roll a 5 as an even number. B. Jimmy is equally likely to roll a 1 as an odd number. C Jimmy is more likely to roll a 6 than a 1. D Jimmy is equally likely to roll an even number as an odd number.​

Answers

Answer:

It's D because I hope it helps pls like

Answer:

D Jimmy is equally likely to roll an even number as an odd number

Our department store is having a sale on personal computers, of which three are in stock (no rain checks). There is a certain probability of selling none. The probability of selling one is twice as great as the probability of selling none. The probability of selling two is three times the probability of selling none. Finally, the probability of selling all the personal computers is four times as great as the probability of selling none. Finally, the probability of selling all the personal computers is four times as great the probability of selling none. In a table list the outcomes and their probabilities.

Answers

Answer:

Following are the solution to the given question:

Step-by-step explanation:

Let the possibility including its sale will be x

Purchases possibility for [tex]1=2x[/tex]

Purchases possibility for [tex]2=3x[/tex]

Purchases possibility for [tex]3= 4x[/tex]

Calculating the total possibility [tex]=x+2x+3x+4x=10x[/tex]

The total possibility within the framework of the sample=1

[tex]\to 10x =1\\\\\to x = \frac{1}{10}\\\\\to x = 0.1 \\\\[/tex]

[tex]Outcome \ \ \ \ \ \ \ \ \ \ Probability\\\\0 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.1\\\\1 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.2\\\\2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.3\\\\3\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.4\\[/tex]

The area of the triangle formed by points of intersection of parabola y=a(x−3)(x+2) with the coordinate axes is 10. Find a if it is known that parabola opens upward.

Answers

Answer: a = 4

Step-by-step explanation: Area of a triangle is calculated as: [tex]A_{t}=\frac{b.h}{2}[/tex].

The triangle formed by the parabola has base (b) equal to the distance between the points where the graph touches x-axis and height (h) is the point where graph touches the y-axis.

The points on the x-axis are the roots of the quadratic equation:

a(x-3)(x+2)=0

(x-3)(x+2)=0

x - 3 = 0

x = 3

or

x + 2 = 0

x = -2

So, base is the distance between (-2,0) and (3,0).

Since they are in the same coordinate, distance will be:

b = 3 - (-2)

b = 5

Area of the triangle is 10. So constant a is

[tex]10=\frac{5.a}{2}[/tex]

5a = 10.2

a = 4

The constant a of the function y = a(x-3)(x+2) is 4.

Answer: a = 2/3

Step-by-step explanation:

y-intercept: y=a(2)(-3) = -6a

x-intercepts: (-2,0) , (3,0)

height = -6a

base = 5

Area = 10 = 0.5 x 5 x -6a

10 = -15 a

a = -2/3

BUT a>0 since it opens upwards, so:

a = 2/3

find the 3 points ........

Answers

Answer:

(0,-7)

(4, -4)

(8, -1)

Step-by-step explanation:

(0,-7)

(4, -4)

(8, -1)

Hope I helped!

The police in a certain city are investigating whether the proportion of minor traffic accidents is greater on Friday nights than on Sunday nights. As part of the investigation, they select a random
sample of police calls from Friday nights and a random sample of police calls from Sunday nights. From both samples, they record the sample proportion of calls that involved minor traffic
accidents. Let Pp represent the proportion of all Friday night calls, and let Ps represent the proportion of all Sunday night calls. Which of the following are the correct hypotheses for the
investigation

Answers

Answer:

D:

Null: Pf = Ps

Alternative: Pf > Ps

Step-by-step explanation:

Hypothesis test is the test which uses the random sample data to evaluate that whether the null hypothesis to reject or accept.The null and alternate hypothesis for the given question is,

[tex]H_0:P_f=P_s[/tex]

[tex]H_a:P_f>P_s[/tex]

Hence the option D is the correct option.

Given-

[tex]P_p[/tex] represent the proportion of all Friday night calls.

[tex]P_s[/tex] represent the proportion of all Sunday night calls.

What is hypothesis?

Hypothesis test is the test which uses the random sample data to evaluate that whether the null hypothesis to reject or accept.

As part of investigation the police taken the random sample of the Friday night and the Saturday night phone calls.

Null hypothesis [tex](H_0)[/tex] states that the parameter of two proportion are are equal to the hypothesis value.  If the proportion of all Friday night calls and proportion of all Sunday night calls is equal. Then the Null hypothesis for the investigation is,

[tex]H_0:P_f=P_s[/tex]

The alternate hypothesis states that the population parameter is smaller greater or must be different than the hypothesis value.The alternate hypothesis for the given question,

[tex]H_a:P_f>P_s[/tex]

Thus the null and alternate hypothesis for the given quyestion is,

[tex]H_0:P_f=P_s[/tex]

[tex]H_a:P_f>P_s[/tex]

Hence the option D is the correct option.

Learn more about the hypothesis here;

https://brainly.com/question/2695653

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Kim drew a map of the Mississippi river the scale was 5 centimetres represents 120 miles the actual length of the Mississippi river is 2,320 miles approximately what is the length in centimeters of the Mississippi river on the mapA-19cm B-11,600cmC-97cm D-600 find c and round. geometry A sample of aluminum, which has a specific heat capacity of , is dropped into an insulated container containing of water at and a constant pressure of . The initial temperature of the aluminum is . Assuming no heat is absorbed from or by the container, or the surroundings, calculate the equilibrium temperature of the water. Be sure your answer has significant digit 5. A Juana(gustar) ver telenovelas.6. A los estudiantes no(gustar) hacer la tarea.7. A nosotros no(gustar) los exmenes.8. A Martainteresar) mucho los muchachos.9. A tu hermano(gustar) el bisbol?10. A mis padres no(gustar) las pelculas viejas.11. A mi hermano(encantar) viajar12. Alos chicos(gustar) correr y jugar baloncesto.13. Rosita,(gustar) las flores?14. A mi(encantar) la historia de Europa.15. A mi hermanito no(interesar) leer cmon and help dis is my last question help me please , I appreciate it :)) Will give brainliest An aluminum (Al) boat anchor has a mass of 6800 grams. How manymoles of aluminum are in the boat anchor? Brothers Mike and Tim Hargen began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2017, follows:Account Titles Debit CreditCash 10,000 Accounts receivable 9,000 Supplies 18,000 Land Equipment 85,000 Accumulated depreciation (on equipment) 15,000 Other assets (not detailed to simplify)7,000 Accounts payable Wages payable Interest payable Income taxes payable Long-term notes payable Common stock (8,000 shares, $.50 par value) 4,000 Additional paid-in capital 87,000 Retained earnings 23,000 Service revenue Depreciation expense Supplies expense Wages expense Interest expense Income tax expense Remaining expenses (not detailed to simplify) Totals 129,000 129,000 Transactions during 2017 follow:a. Borrowed $15,000 cash on a 5-year, 8 percent note payable, dated March 1, 2017.b. Purchased land for a future building site on March 15, 2017; paid cash, $18,000.c. Earned $271,000 in revenue. Transactions dated August 30, 2017 , including $56,000 on credit and the rest in cash.d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2017.e. Incurred $128,000 in remaining expenses for 2017, invoices dated October 15, 2017, including $27,000 on credit and the rest paid in cash.f. Collected accounts receivables on November 10, 2017, $41,000.g. Purchased other assets on November 15, 2017, $18,000 cash.h. Purchased supplies on account for future use on December 1, 2017, $30,000.i. Paid accounts payable on December 15, 2017, $28,000.j. Signed a three-year $36,000 service contract on December 17, 2017 to start February 1, 2018.k. Declared and paid cash dividends on December 20, 2017, $28,000.l. Data for adjusting entries:m. Supplies counted on December 31, 2017, $21,000.n. Depreciation for the year on the equipment, $17,000.o. Interest accrued on notes payable (to be computed).p. Wages earned by employees since the December 24 payroll but not yet paid, $20,000.q. Income tax expense, $16,000, payable in 2018.Required:1. Prepare journal entries for the transactions.2. Prepare an income statement.3. Compute the following ratios:Current ratioTotal asset turnover Net profit margin