Answer:
Spree Chocolatier would be considered as both the state of incorporation and the state of its principal place of business
Explanation:
The Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business According to federal diversity purposes because based on the information given the Spree Chocolatier which was incorporated by Jules has several of their facilities in five major cities which include California, Arizona, and Washington in which after fulfilling the contract for the 500 fancy desserts for a banquet, the same Spree Chololatier has client in Seattle, Washington which refused to pay which makes Jules to brought suit this means Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business because the state of incorporation and the state of its principal place of business are the 5 major cities in which Jules incorporated his business.
Answer:
Kindly check explanation
Explanation:
Given the data:
x___ f(x)
10__ 0.05
20__0.10
30__0.10
40__0.20
50__0.35
60__0.20
a. Is this probability distribution valid?
Yes
Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1
0≤f(x)≤1
b. What is the probability MCC will obtain more than 30 new clients
X = 40 + x = 50 + x = 60
0.20 + 0.35 + 0.20 = 0.75
c. What is the probability MCC will obtain fewer than 20 new clients
x = 10
f(x) = f(10) = 0.05
d)Compute the expected value and variance of x.
Expected value (E(x)) :
Σ(x * f(x))
= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)
= 43
Σ(x * E(x))² * f(x)
= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2
= 201
Answer:
Contribution margin per unit= $12.85
Explanation:
Giving the following information:
Direct materials$ 7.05
Direct labor$ 4.20
Variable manufacturing overhead$ 1.55
Sales commissions $ 1.15
Variable administrative expense$ 0.40
<u>To calculate the contribution margin, we need to use the following formula:</u>
Contribution margin per unit= selling price - total unitary variable cost
Contribution margin per unit= 27.2 - (7.05 + 4.2 + 1.55 + 1.15 + 0.4)
Contribution margin per unit= $12.85
Answer:
B. assist in the comparison of companies of different sizes.
Explanation:
In the common-size income statements, the items of the income statement are shown in the percentage of the sales. The motive of this statement is to compare the financial statements of the same company for different periods or comparing it by different size companies.
By comparison, the company gets to know about the liquidity, solvency, financial position, performance, profitability over the past years.