Answer:
4852.80
Explanation:
1800×10.6%= 190.80 / year
190.80 × 16 years = 3052.80
3052.80 + 1800=
4852.80
when management's primary objective is the economic interests of shareholders, this is known as : A.philanthropy B.responsibility C. the strategic approach D.the pluralistic.
Suppose a random sample of size 50 is selected from a population with σ=10. Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate).
a) The population size is infinite. (to 2 decimals)
b) The population size is N = 50,000. (to 2 decimals)
c) The population size is N = 5000. (to 2 decimals)
d) The population size is N = 500. (to 2 decimals)
The value of the standard error of the mean in each of the following cases is:
a. Population size is infinite = 1.4142
b. Population size is N = 50,000 = 1.4135
c. Population size is N = 5000 = 1.4073
d. Population size is N = 500 = 1.3430
How to find the standard error of the mean?Given data:
Random sample of size =50
Population = σ=10
a. Population size is infinite
Standard deviation of sample mean = σ/√n
Standard deviation of sample mean = 10 /√50
Standard deviation of sample mean = 1.4142
b. Population size is N = 50,000
Standard deviation of sample mean =[√ 50,000 -50 / 50,000 -1 ]× (1.4142)
Standard deviation of sample mean = 1.4135
c. Population size is N = 5000
Standard deviation of sample mean =[√ 5,000 -50 / 5,000 -1 ]× (1.4142)
Standard deviation of sample mean = 1.4073
d. Population size is N = 500
Standard deviation of sample mean =[√ 500 -50 / 500 -1 ]× (1.4142)
Standard deviation of sample mean = 1.3430
Therefore the standard error of the mean in each of the following cases is: 1.4142, 1.4135, 1.4073, 1.3430.
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Your uncle is sole pro-
prietor of a camera shop. You know much more about digital cameras than he does. He is looking for a
partner. What questions would you ask him before you would consider going into business with him?
Answer:
Does he know managerial and literacy work such as account book keeping, purchase and sale record keeping etc.
Explanation:
Because I will do the sale and purchase of the camera and other technical work myself.
Question 3 a. In choosing a supplier of raw materials for operations, there are a number of factors that need to be considered. Mention any three (3) of such factors.
When choosing a supplier of raw materials for operations, it's important to consider a variety of factors to ensure that you're making the best decision for your business. The factors are Quality, Price, Delivery time and reliability.
Below are three of such factors to consider:
1. Quality: The quality of the raw materials is a vital factor that you should consider when selecting a supplier. The quality of the raw materials will influence the quality of the finished goods produced. As a result, you'll need to ensure that the supplier you choose provides consistent, high-quality raw materials that meet your specifications.2. Price: Cost is an important factor to consider when selecting a supplier. You should ensure that the supplier is providing you with high-quality raw materials at a reasonable cost. It's also important to note that the cheapest supplier may not always be the best option, as quality may be compromised.3. Delivery time and reliability: It's critical to consider the delivery time and reliability of the supplier. The supplier should be able to deliver the raw materials on time and as agreed upon. Delayed deliveries can disrupt your operations, and if they occur frequently, they can damage your business reputation. Reliability is also important to ensure consistent supply and avoid running out of raw materials.For more such questions on supplier
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Your older brother turned 35 today, and he is planning to save $15,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a mutual fund that's expected to provide a return of 7.5% per year. He plans to retire 30 years from today, when he turns 65, and he expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can he spend each year after he retires? His first withdrawal will be made at the end of his first retirement year.
Answer:
Annual withdraw= $139,140.45
Explanation:
First, we need to calculate the future value of the investment right before the first withdrwal. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= $15,000
n= 30 years
i= 7.5%
FV= {15,000*[(1.075^30) - 1]} / 0.075
FV= $1,550,991.04
Now, the annual withdrawal for 25 years:
Annual withdraw= (FV*i) / [1 - (1+i)^(-n)]
Annual withdraw= (1,550,991.04*0.075) / [1 - (1.075^-25)]
Annual withdraw= $139,140.45
Dufner Co. issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semiannual payments. if the YMT on these bonds is 5.5 percent, what is the current dollar price assuming a par value of $1,000?
Answer:
-_-
Explanation:
-
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)
The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.
An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.
The case was handled in Utah's Central Division of the US District Court.
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On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $25,000 each, and will be paid on December 31, 2021, 2022, and 2023. The last three are to be $40,000 each and will be paid on December 31, 2024, 2025, and 2026. Montgomery borrowed other money at a 10% annual rate. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2021
Answer:
1. The amount Montgomery should record the note payable and corresponding cost of the building on January 1, 2021. is $136,907.65.
2. The amount of interest expense on this note which Montgomery will recognize in 2021 is $13,690.76.
Explanation:
Note: This question is not complete. The complete question is therefore presented before answering the question as follows:
On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $25,000 each, and will be paid on December 31, 2021, 2022, and 2023. The last three are to be $40,000 each and will be paid on December 31, 2024, 2025, and 2026. Montgomery borrowed other money at a 10% annual rate. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2021?
2. How much interest expense on this note will Montgomery recognize in 2021?
Explanation of the answer is now given as follows:
1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2021?
Note: See the attached excel file for the calculation of the present value of all payments (In bold red color).
From the attached excel file, we have:
Present value of all payments = $136,907.65
This present value of all payments of $136,907.65 is the amount Montgomery should record the note payable and corresponding cost of the building on January 1, 2021.
2. How much interest expense on this note will Montgomery recognize in 2021?
This can be calculated as follows:
Interest expense = Cost of the building * Interest rate = $136,907.65 * 10% = $13,690.76
Therefore, the amount of interest expense on this note which Montgomery will recognize in 2021 is $13,690.76.
Identify the South African barriers to entry market share
Barriers to entry in South Africa include:
High startup costsLimited access to financingWhat are some barriers to entry ?Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.
Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.
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the newsboys strike was widely considered a success for workers, while the homestead strike was considered a failure for workers. t/f
It is true that the newsboys strike was widely considered a success for workers, while the homestead strike was considered a failure for workers.
On July 18, newsboys in Long Island City, Queens, caught the Evening Journal deliveryman selling them short bundles, sparking the now-famous New York newsboy strike of 1899. They nearly started a children's general strike when they overturned his wagon, pursued him up the street, and triumphantly hauled off armloads of papers.
Boys refused to sell the two newspapers with the highest circulation in the country—William Randolph Hearst's Evening Journal and Joseph Pulitzer's New York World—over the course of the following two weeks in all five boroughs and in villages and cities throughout the northeast. Their activities inspired messengers and bootblacks in neighboring places to strike and demand better conditions, as well as newsboys in distant cities like Cincinnati, Ohio, Lexington, Kentucky, and Nashville, Tennessee.
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The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because the market portfolio: Multiple Choice has specific risk. offers lower returns. has less systematic risk. diversifies risk.
Answer:
has specific risk
Explanation:
Standard deviation is a measure of central tendency. It measures the variation of data from a central value. As such variables with high standard deviation have values far from the central value while standard deviation close to the central value is low.
So when individual stocks have higher standard deviation it means prices are less stable than that of market portfolio.
This can be attributed to them having specific risk. The market is not subject to diversification risk so prices tend to fluctuate less
Which of the following is an example of a financial
plan?
a.) Tarheel Coffee intends to implement a social
responsibility program aimed at community
youth within the first six months of business.
b.) Tarheel Coffee needs an investment of
$125,000 to open and is estimated to break
even within the first eight months of
opening.
Answer: The answer is B. Hope this helps :)
Explanation:
Select the type of economic system that best matches each of the given descriptions.
traditional
market
command
mixed
based on government control
of resources and production
arrowRight
based on traditions and customs
arrowRight
based on the forces of supply and demand
arrowRight
based on price rationing and includes
some government involvement
arrowRight
Answer:
based on government control- command
of resources and production
based on traditions and customs- traditional;
based on the forces of supply and demand- market
based on price rationing and includes- mixed
some government involvement
Explanation:
i dont cap
There are different kinds of economic system. The best match is given below.
Based on government control- command systemBased on traditions and customs- traditional systemBased on the forces of supply and demand- market systemBased on price rationing and includes- mixed systemWhat is an economic system?An economic system is known to be a kind of system of production, resource allocation and distribution of goods and services found present in a society or a said geographic area.
A traditional economy is said to be one that depends on customs, history, and time honored beliefs.
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Example of a market for a good or service that is not rely on a physical store or location 
An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.
Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.
The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.
Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
what is consumer responsibility
Answer:
There's two definitions.
Explanation:
1: taking personal responsibility for the consequences and costs of what you utilize and buy
2: five consumer responsibilities- staying informed, follow instructions, use products/services properly, speak against violations, and don't illegally purchase things
Give me a couple countries that have a low and high quality of life index
Answer:
Countries with have mediocre quality of Life index: Puerto Rico, South Korea, Greece, Bulgaria, Romania
distinguish between price elasticity of demand and price elasticity supply
Answer:
The price elasticity of demand is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price. The price elasticity of supply is the percentage change in quantity supplied divided by the percentage change in price
WinterTierCompany uses a job order cost system and applies overhead to production on thebasis of direct labor costs. On January 1, 2022, Job No. 120 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,000, direct labor $12,000, and manufacturing overhead $16,000. As of January 1, Job No. 119 had been completed at a cost of $90,000 and was part of finished goods inventory. There was a $15,000 balance in the Raw Materials Inventory account. During themonth of January, WinterTier Company began production on Jobs 121 and 122, and completedJobs 120 and 121. Jobs 119 and 120 were also sold on account during the month for $122,000 and $158,000, respectively. The following additional events occurred duringthe month.❖Purchased additional raw materials of $90,000 on account. ❖Incurred factory labor costs of $70,000. of this amount $16,000 related to employer payroll taxes. ❖Incurred manufacturing overhead costs as follows: indirect materials $17,000; indirect labor $20,000; depreciation expense on equipment $19,000; and various other manufacturing overhead costs on account $16,000. ❖Assigned direct materials and direct labor to jobs as follows.
Job NumberDirect MaterialsDirect Labour120$10,000$5,000121$39,000$25,000122$30,000$20,000(a) Calculate the predetermined overhead rate for 2022, assuming WinterTierCompany estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year. (3 Marks)(b) Open job cost sheets for Jobs 120, 121, and 122. Enter the January 1 balances on the job cost sheet for Job No. 120. (3Marks)(c) Prepare the journal entries to record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January.(5 Marks)(d) Prepare the journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. (3 Marks)(e) Total the job cost sheets for any job(s) completed during the month. Prepare the journal entry (or entries) to record the completion of any job(s) during the month. (6 Marks)(f) Prepare the journal entry (or entries)to record the sale of any job(s) during the month. (4 Marks)(g) What is the balance in the Finished Goods Inventory account at the end of the month? What does this balance consist of? (4Marks)
a) The predetermined overhead rate for 2022, assuming WinterTier Company estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year is $1.40 per direct labor cost.
b) The job sheets are as follows:
Job Sheets:
Job 120 Job 121 Job 122
Beginning WIP:
Direct materials $20,000
Direct labor 12,000
Manufacturing overhead 16,000
Total costs $48,000
c)The journal entries to record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January are:
Debit Raw Materials $90,000
Credit Accounts Payable $90,000
To record the purchase of raw materials on credit.Debit Direct labor costs $70,000
Credit Payroll Taxes Payable $16,000
Credit Cash $54,000
To record the direct labor costs.Debit Manufacturing Overhead:
Raw materials $17,000
Indirect labor costs $20,000
Depreciation expense on equipment $19,000
Other manufacturing overhead costs on account $16,000
Credit Cash $56,000
Credit Overhead Payable $16,00
To record the manufacturing overhead incurred.d) The journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production are:
Debit:
Job 120 $10,000
Job 121 $39,000
Job 122 $30,000
Credit Raw Materials $79,000
To record direct material costs assigned to jobs.Debit:
Job 120 $5,000
Job 121 $25,000
Job 122 $20,000
Credit Direct Labor $50,000
To record direct labor costs assigned to jobs.Debit:
Job 120 $7,000
Job 121 $35,000
Job 122 $28,000
Credit Manufacturing Overhead $70,000
To record manufacturing overhead assigned to jobs.Job Sheets:Job 120 Job 121 Job 122
Beginning WIP:
Direct materials $20,000
Direct labor 12,000
Manufacturing overhead 16,000
Total costs $48,000
Allocated costs:
Direct materials 10,000 $39,000 $30,000
Direct labor 5,000 25,000 20,000
Manufacturing overhead 7,000 35,000 28,000
Total costs $70,000 $99,000 $78,000
e) The journal entries to record the completion of any job(s) during the month are:
Debit Finished Goods Inventory $169,000
Credit Job 120 $70,000
Credit Job 121 $99,000
To record the completion of Jobs 120 and 121.f) The journal entry (or entries)to record the sale of any job(s) during the month are as follows:
Debit Cost of goods sold $160,000
Credit Finished Goods Inventory $160,000
To record the cost of goods sold.Debit Accounts Receivable $280,000
Credit Sales Revenue $280,000
To record the sale of jobs.g) The balance in the Finished Goods Inventory account at the end of the month is $99,000.
This balance consists of Job 121's Direct Materials ($39,000), Direct Labor ($25,000), and Manufacturing overhead allocated ($35,000).
What is the predetermined overhead rate?
The predetermined overhead rate is the overhead allocation rate used to assign overhead costs to jobs or units.
The predetermined overhead rate can be computed by dividing the estimated total manufacturing overhead cost by the cost driver.
Data and Calculations:Raw materials inventory = $15,000
Purchase of raw materials = $90,000 credit
Direct labor costs = $70,000 ($16,000 Employer payroll taxes)
Estimated manufacturing overhead = $980,000
Estimated direct labor costs = $700,000
Direct labor hours = 20,000 hours
Direct labor rate = $35 per hour
Predetermined overhead rate = $1.40 per DLC ($980,000/$700,000)
Manufacturing overheads incurred:
Indirect materials $17,000
Indirect labor $20,000
Depreciation expense on equipment $19,000
Other manufacturing overhead costs on account $16,000
Total manufacturing overhead = $72,000
Sale of Job 119 = $122,000
Sale of Job 120 = $158,000
Job Sheets:
Job 120 Job 121 Job 122
Beginning WIP:
Direct materials $20,000
Direct labor 12,000
Manufacturing overhead 16,000
Total costs $48,000
Allocated costs:
Direct materials 10,000 $39,000 $30,000
Direct labor 5,000 25,000 20,000
Manufacturing overhead 7,000 35,000 28,000
Total costs $70,000 $99,000 $78,000
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The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 10 percent return on the investment of funds. Estimates of cash inflows from copy machines that have been placed in other university buildings indicate that the copy machine would probably produce incremental cash inflows of approximately $13,000 per year. The machine is expected to have a three-year useful life with a zero salvage value.
Use Present Value Appendix PV of $1, to determine the maximum amount of cash the dean should be willing to pay for a copy machine.
Note: Round your intermediate calculations and final answer to 2 decimal places.
Use Present Value Appendix PVA of $1, to determine the maximum amount of cash the dean should be willing to pay for a copy machine.
The dean should be willing to pay up to $32,324.40 for the copy machine, given the expected incremental cash inflows and the three-year useful life of the machine.
To determine the maximum amount of cash the dean should be willing to pay for a copy machine, we need to calculate the present value of the incremental cash inflows.
Using the Present Value of $1 table with a 10% discount rate, we can find the present value factor for a three-year period: 0.751.
Therefore, the present value of the incremental cash inflows is:
$13,000 x 0.751 = $9,763
This means that the maximum amount of cash the dean should be willing to pay for the copy machine is $9,763.
To calculate the present value of an annuity of $1, we can use the Present Value of an Annuity of $1 table. In this case, we need to use the same 10% discount rate and a three-year period.
The present value factor for an annuity of $1 for three years at 10% is 2.4868.
So, the maximum amount of cash the dean should be willing to pay for the copy machine, taking into account the incremental cash inflows over the three-year useful life of the machine, is
$13,000 x 2.4868 = $32,324.40
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Saddleback Company paid off $45,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?
Answer:
Assets and liabilities decrease by $45,000. Equity remains unchanged.
Explanation:
Accounting equation = Assets = Liability + Equity
Accounts payable is the amount owed by a company to its suppliers for goods or services received that have not yet been paid for.
Accounts payable is a liability. and cash is an asset. so when the liability is settled, liability reduces and assets reduces.
explain idea generation concept
Consider the following BPMN diagram:
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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A company uses a process cost accounting system. The following information is available regarding direct labor for the current year: Picture (a) Calculate the equivalent units of production for direct labor for the year using weighted average. (b) Calculate the average cost per equival
Question:
A company uses a process cost accounting system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year:
goods in process, January 1 5,500 units 80% complete
goods in process December 31 8,800 units, 40 complete
units completed and transferred 46,900 units
to finished goods
direct labor costs during the year $266,300
(a) Calculate the equivalent units of production for direct labor for the year.
(b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).
Answer:
Total equivalent unit= 41,040 units
Cost per equivalent units=$ 6.48
Explanation:
Equivalent units
Item Units Equivalent unit
Transferred out 46900× 80% = 37,520
Closing inventory 8,800 × 40% = 3,520
Total equivalent unit 41,040
Cost per equivalent units
Cost per equivalent units = Total labour cost/ total equivalent unit
= $266,300 / 41,040 units =$ 6.5
Cost per equivalent units=$ 6.5
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Sena is going to apply for a loan at a bank. What should sena know about banks and credit before she applies? OA Banks don't offer consumer credit. OB. They may require some form of security for loans OC Banks only offer open end credit, OD. She must be a member of the bank to apply
Sena should know about banks and credit before she apply that :They may require some form of security for loans.
What are bank loans?The loans granted by banks are made up of deposits from their customers hence must request for collateral as a back up for these deposits.
When people seek loan from banks, usually banks will require some form of security for the loans. These securities serve as collateral incase the borrower is unable to pay back the loan.
Banks request for collateral to do following :
Collateral minimizes the risk for lenders.If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses.Therefore, Sena should know that bank may require some form of security for loans before she apply for loan.
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Fashion Design
Which option places the steps of the design process in the correct order?
- designing, fashion forecasting, and sewing
- fashion forecasting, designing, and sewing
- fashion forecasting, sewing, and designing
In fashion Design, the steps of the design process in the correct order are fashion forecasting, designing, and sewing. The correct option is (B).
What are the steps of fashion forecasting?The fundamental steps in the fashion forecast process are to comprehend the company's mission and the characteristics of its target market, collect data on the products that are currently on the market, prepare the data, identify trends, and select products that are suitable for the company and its target market.
Generally speaking, there are five stages in a fashion trend's life cycle: introduction, ascent, peak, decline, and obsolescence.
Therefore, in fashion Design, the steps of the design process in the correct order are fashion forecasting, designing, and sewing.
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In a private enterprise economic system, the interaction of supply an demand primarily determines
What valuable lessons did molly learn about auto financing
Valuable lessons did Molly learn about auto financing is about paying attention to what she is paying for and how much she is paying for it.
What does auto financing mean?
In order to finance a car, you must obtain a loan from a financial organization. For the privilege of borrowing that money over a set number of months, you must pay the lender interest and maybe other fees. Banks, credit unions, online lenders, finance businesses, and some auto dealerships are among the sources of automotive financing.
How does funding operate?
When you finance an automobile, you borrow money to pay for the car up front and then repay the loan over time. You must agree to repay the amount you borrowed plus interest and fees, just like with other sorts of loans.
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