Answer:
78,100 units
Explanation:
Calculation for the number of equivalent units produced by Department B
Using this formula
Department B Number of equivalent units =
Units finished and transferred from Department B to Department C + (Units that were started in Department B × Percentage completed)
Let plug in the formula
Department B Number of equivalent units= 67,000 units + (18,500 units × 60%)
Department B Number of equivalent units= 67,000 units + 11,100 units
Department B Number of equivalent units= 78,100 units
Therefore The number of equivalent units produced by Department B during the period was 78,100 units
Answer: cost
Explanation: In a market economy, the price of the product or service offered are determined by the market forces of demand and supply. Govt. intervention in regulating the market forces is minimal in such markets.
Thus, if the entrepreneurs produce goods at a low cost they will price it low leading to high demand for their product. Thus, they will be compensated well if they cost their product lower than others.
Answer:
The confidence interval is between 2.23 and 3.53
Explanation:
The confidence interval (C) = 99% = 0.99
α = 1 - C = 1 - 0.99 = 0.01
α/2 = 0.01/2 = 0.005
The z score of α/2 corresponds to the z score of 0.495 (0.5 - 0.005) which is 2.576
The margin of error (E) is given as:
The confidence interval = mean ± margin of error = 2.88 ± 0.65 = (2.23, 3.53)
The confidence interval is between 2.23 and 3.53
Answer:
150,000 Shares
70$ per share
Explanation:
Stock split at a rate of 3 for 1 means that holder of every 1 share will have total 3 shares after the split (e.g. he will receive additional two shares for each share he owns). Thus Copper Grill Restaurant Corporation's total shares will increase from 50,000 to 150,000 (50,000 * 3).
Per share price will be divided by 3 to arrive at approximate value of per share after the split (210 / 3) = $70 / per share.
