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2 years ago

EBook

Business

1 answer:

Lady bird [3.3K]2 years ago

8 0

The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.

<h3>How to calculate the average time Americans spend commuting to work?</h3>

To calculate the average time we must add all the values and then divide the result by the number of values. for example:

1 + 2 + 3 = 6 6 ÷ 3 = 2

Based on the above, the operation to find the average time Americans spend commuting to work is:

23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5

Then we must divide this result by the number of values.

1291,5 ÷ 48 = 26,9

Note: This question is incomplete because there is some information missing. Here is the information:

a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.

Learn more about average in: brainly.com/question/2426692

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Suppose consumer income increases. If grass seed is a normal good, the equilibrium price of grass seed will (Hint: use what you

s344n2d4d5 [400]

Consumer income has no correlation with the equilibrium price of a product. Thus the price will c. Not change

Explanation:

When the consumer income increases, they will be able to buy a product more if they require it and if they do not require it they are able to spend that money or save it up as they please to.

As equilibrium price of a product is completely dependent upon supply and demand correlation.

The income of the consumer has little to do with it unless a relation between increased income and increased demand is established, there is little evidence to show that there will be a fluctuation in the prices of the grass seed in this case.

3 0

3 years ago

Grantham Manufacturing Company makes oak rocking chairs. Budgeted sales are 21,500 for July, 24,300 for August, 28,700 for Septe

gogolik [260]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Budgeted sales:

July= 21,500

August= 24,300

September= 28,700

October= 28,900

Grantham maintains an ending inventory equal to 10% of the current month’s sales. The ending inventory at June 30th was 3,100.

Production budget= sales for the month + desired inventory - beginning inventory

July:

Sales= 21,500

Ending inventory= (24,300*0.10)= 2,430

Beginning inventory= (3,100)

Total= 20,830

August:

Sales= 24,300

Ending inventory= (28,700*0.10)= 2,870

Beginning inventory= (2,430)

Total= 24,740

September:

Sales= 28,700

Ending inventory= (28,900*0.10)= 2,890

Beginning inventory= (2,870)

Total= 28,720

4 0

4 years ago

Assume Sheryl Jenkins wants to accumulate $ 13,241.39 in two years. She currently has $ 10,621.36 to invest. What interest rate

WITCHER [35]

Answer: 11.65%

Explanation:

The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.

Future value formula therefore applies:

Future value = Current value * ( 1 + interest rate) ^ no. of years

13,241.39 = 10,621.36 * ( 1 + i) ²

(1 + i)² = 13,241.39 / 10,621.36

(1 + i)² = 1.24667556697

1 + i = √1.24667556697

i = 1.116546267 - 1

i = 11.65%

8 0

3 years ago

One thousand dollars is invested at 5% continuous annual interest. This means the value of the investment will grow exponentiall

mamaluj [8]

Answer:

$1454.99

Explanation:

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8 0

3 years ago

The proposals submitted to the customer should:

Ludmilka [50]

Answer:

The proposals submitted to the customer should:

D. be reviewed by a team and evaluated on predefined evaluation criteria.

Explanation:

In business, a proposal is a business application from one entity to another, soliciting for a contract based on an understanding of the customer's problems and requirements.

There many sections, including objectives, recommended solution, estimated project schedule, company's background information, fee summary, and other important terms and conditions.

Given the above sections, it becomes necessary for a team to evaluate proposals before they are submitted to customers. Teamwork will help modifications to be made based on each customers requirements.

6 0

3 years ago