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astra-53 [7]
4 years ago
15

In a management trainee program, 80% of the trainees are female, while 20% are male. ninety percent of the females attended coll

ege; 78% of the males attended college. a management trainee is selected at random. what is the probability that the person selected is a male who did not attend college?
Business
1 answer:
Andre45 [30]4 years ago
4 0
<span>Step 1:
Females who attend college = 0.80 * 0.90 = 0.72

 Step 2:
 Females who did not attend college = 0.80 * 0.10 = 0.08

  Step 3
Male who attend College 0.20 * 0.78 = 0.156

Step 4
Male who did not attend college 0.20 * 0.22 = 0.044 So 0.044(4.4%) is the probability that the person selected is a male who did not attend college</span>
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Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
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a.  The plantwide predetermined overhead rate is $8.7 per machine hour.

b. The Overhead applied is 296.

c.  The total manufacturing cost assigned to Job 400 is $896.

d.  The unit product cost for this job is $14.93.

<h3> Predetermined overhead rate </h3>

a. Predetermined overhead rate

Predetermined overhead rate = Variable overhead cost per machine hour + Fixed manufacturing overhead cost/Estimated machine hours

Predetermined overhead rate= 4.60 + 652,000/159,000

Predetermined overhead rate= 4.60 + 4.10

Predetermined overhead rate= $8.7 per machine hour

b. Overhead applied

Overhead applied = Actual machine hours used x  Predetermined overhead rate

Overhead applied = 34x 8.7

Overhead applied= $295.8

Overhead applied= $296 (rounded to nearest whole dollar)

c.  Total manufacturing cost assigned to Job 400.

Job cost sheet

Direct material $370

Direct labor $230

Overhead applied $296

Total manufacturing cost $896

d. Unit product cost = Total manufacturing cost/Number of units

Unit product cost = 896/60

Unit product cost = $14.93

Inconclusion the plantwide predetermined overhead rate is $8.7 per machine hour and the Overhead applied is 296.

Learn more about  plantwide predetermined overhead rate here:brainly.com/question/13341171

8 0
3 years ago
A researcher found that students who scored high on a test of reading achievement also scored high on a self-esteem inventory. t
alina1380 [7]

A researcher found that students who scored high on a test of reading achievement also scored high on a self-esteem inventory. the researcher can say that reading achievement and self-esteem are <u>positively correlated.</u>

Two variables that move together, or in the same direction, are said to have a positive correlation. A positive correlation exists when one variable increases as the other increases or when one variable decreases while the other decreases. Theoretically, the same external forces can affect both of these separate variables because they travel in the same direction.

A fully positive correlation means that the variables move together by the same proportion and direction 100% of the time. The demand for a product and the price that goes along with it are positively correlated. If demand increases in circumstances where the supply is constant, the price will go up.

To learn more about Positively Correlated from the given link.

brainly.com/question/27591911

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6 0
1 year ago
Courtney invested in RAD, Inc. stock nine months ago. She is considering tax planning strategies at the end of the year and is p
Novosadov [1.4K]

The valid reason for selling the stock now is that the -Courtney is concerned that the value of the stock will decline in the near future.

Explanation:

Courtney has  invested in RAD, Inc. stock nine months back .Now she is considering tax planning strategies at the end of the year and is pondering whether or not to sell her investment in the stock.

A friend has advised Courtney that she should hold the stock for at least three more months in order to have a long-term holding period. but the consideration of Courtney that the value of the stock will decline in the near future is the reasons why she was to sell the stock at the earliest despite taking her friends advice

7 0
3 years ago
Which management scholar matches your viewpoints on the role of management? Why? Provide support for your answer.
11111nata11111 [884]

Answer:

X&Y theory by Douglas McGregor

Explanation:

The X&Y theory of management assumes there are two different types of workers. Theory X workers lack ambition and drive and need to be ordered around by bosses to do anything. Theory Y workers, on the other hand, enjoy work and strive for self-fulfillment.

Both views of employees are a bit extreme, as most workers fall somewhere between X and Y. Employees don't need to be ordered to do every task, but there is some need for discipline and rules for most employees. Many employees do enjoy work, but it doesn't always come naturally and requires some encouragement at times. There should be a middle ground for implementing this theory.

"This theory is largely considered to be obsolete today, as few managers begin from a starting position of being highly polar or binary in terms of their management style being just one of two options at opposing ends of a spectrum," said Polly Kay, marketing manager at English Blinds.

5 0
3 years ago
Suppose that you have the option to buy the car with a 3 year car loan or lease the car during the same period of time. The 3 ye
Len [333]

Missing Question Data:

The question was missing the total amount of loan taken. I have found the question online and the missing data is added below.

Explanation:

DATA:

Car Loan = $15000

Interest Rate (annual) = 7% = 0.07

Interest Rate (monthly) = 0.07/12 = 0.00583

Loan Life = 3 years

Period (monthly) = 3*12 = 36

Investment Rate (annual) = 4% = 0.04

Investment Rate (monthly) = 0.04/12 = 0.00333

Salvage value after 3 years (PV of Salvage Value) = $5000

Lease Down Payment = $3000

Lease Monthly Payment = $350

<h3>First, we consider the option of Buying on Loan</h3>

Car Loan - Salvage Value(PV) = 15000-5000

Car Loan - Salvage Value(PV) = $10000

<h3>For the option of Leasing the Car</h3>

Sum of monthly lease payments for the total period will be,

Sum of Installments (FV) = 350 * 12 = $12600

We know that,

PV\;=\;\frac{FV}{(1\;+\;r)^{n}}\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;(here\;n\;=\;4\%\;=\;0.00333)

Sum of Installments (PV) = \frac{12600}{(1\;+\;0.00333)^{36}}

Sum of Installments (PV) = $11178.76

Total Lease Payment = Down Payment + Sum of Installments (PV)

Total Lease Payment = $3000 + $ 11178.76

Total Lease Payment = $14178.76

As we can see that total investment for Loan option is lower than that of Lease option, hence taking Loan is the best choice.

3 0
3 years ago
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