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bogdanovich [222]
3 years ago
14

Suppose the manager agrees to pay each employee a​ $50 bonus if they meet a certain goal. on a typical​ saturday, the​ oil-chang

e facility will perform 35 oil changes between 10
a.m. and 12 p.m. treating this as a random​ sample, at what mean​ oil-change time would there be a​ 10% chance of being at or​ below? this will be the goal established by the manager.

Business
1 answer:
Sergeeva-Olga [200]3 years ago
5 0

Answer:

Incomplete question

First aspect of the question is typed below.

The shape of the distribution of the time required to get an oil change at a 20-minute oil-change facility

is unknown. However, records indicate that the mean time is 2l.2-minutes, and the standard deviation 3.5 minutes.

Explanation:

Employees bonus $50

35 oil changes between 10:00 am to 12:00pm

n = 35

10% changes

So, the z - score can be calculated using

z-score = InvNorm(0.10)

z-score = -1.28

So, given that,

Standard deviation is 3.5minutes

σ = 3.5 minutes

Mean time is 21.2 minutes

μx = 21.2 minutes

Then,

σx = σ / √n

σx = 3.5 / √35

σx = 0.5916 minutes

Then, Z score can be written as

Z = (x - μx) / σx

-1.28 =  (x - 21.2) / 0.5916

Cross multiply

-1.28 × 0.5916 = x - 21.2

-0.7573 = x - 21.2

x = 21.2 - 0.7573

x = 20.443 minutes

There is a 10% chance of being at or below a mean oil-change time of 20.44 minutes

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8 0
3 years ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0
3 years ago
Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for ). The journal entry to record this issuance would inc
shusha [124]

Answer:

E) B and C

Explanation:

<em> The missing word </em>"Florida Travel Inc. issues 5,000 shares of $5 pa r value common stock for $85,000"

Date   Account Titles and Explanation      Debit         Credit

           Cash                                                 $85,000

                Common stock                                             $25,000

                 (5000 shares x $5)

                 Paid-in capital in excess of par                  $60,000

5 0
4 years ago
What steps will create a validation rule error message? Use the drop-down menus to explain.
nikdorinn [45]

Answer:

1) open the table in Design view

2) select the field

3) on the field properties general tab, in the Validation Text box, type the message

4) save the changes to the table

Explanation:

edg 2021

7 0
3 years ago
Read 2 more answers
A bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments. The bond is quoted at 100.39.
Usimov [2.4K]

Answer: $34.33

Explanation:

From the question, we are informed that bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments and that the bond is quoted at 100.39.

Thee amount of each coupon payment goes thus:

We have to calculate the bond price which will be:

= $1000 × 100.39%

= $1000 × 1.39

= $1003.9

It should be noted that the current yield is calculated as the annual coupon amount divided by the bond price. This will be:

6.84% = annual coupon amount ÷ $1003.9

Annual coupon amount = $1003.9 × 6.84%

= $1003.9 × 0.0684

= $68.67

Each coupon amount will now be:

= $68.67/2

= $34.33

6 0
3 years ago
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