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stepladder [879]
3 years ago
15

A random sample of voters found that 180 out of 320 people were in favor of a gas tax. election results found that 36,000 people

voted in favor of the gas tax. which is a good prediction for the total number of people who voted on the gas tax issue
Business
2 answers:
Lisa [10]3 years ago
6 0

Answer:

64,000

Explanation:

If 180 out of 320 people were in favor of a gas tax, then 140 people (320 - 180) must have voted against the gas tax (assuming all voted and are valid)

The ratio of those that voted in favor of the tax to those who voted against is 180 to 140 expressed as 9:7 in the simplest form.

Now, if 36,000 people voted in favor of the tax, let the total number of people who voted on the issue be T

9/(9 + 7) × T = 36000

(9/16)T = 36000

9T = 36000 × 16

T = 36000 × 16/9

T = 64,000

This means 64,000 people would have participated in the vote.

PIT_PIT [208]3 years ago
4 0
If the survey found that in every 320 people, 180 of them voted in favor of gas tax .Then to get the total number of people who voted in favor of gas tax were 36,000. We can get the number of 180 people groups among those who voted in favor. = 36,000/180 = 200 groups
A group of 180 people who voted in favor is equivalent to a group of 360 people who voted. 
Therefore, 200 × 360 people =72,000 people took part in the voting exercise.
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In what situations is top-down planning likely to be superior to bottom-up emergent strategy development
Marianna [84]

Answer is given below :

Explanation:

  • Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system.
  • This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made.
  • Morality can be affected because this strategy is motivated by fear and encouragement. The bottom line is that in some cases it is more complex, although employees feel motivated to provide more authority and quality work. The information is processed to a minimum and communicated to management.
  • This may help in some areas because administrators may not fully understand the process. I should use the military as an example for a top down strategy.
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5 0
3 years ago
Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and fac
Nezavi [6.7K]

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

a.

In part a, we need to find the following 3 requirements:

1. Direct Materials Price Variance

2. Direct Materials Quantity Variance

3. Total Direct Materials Cost Variance

Direct Materials Price Variance:

It can be calculated by using the following formula:

DMPV = AQ multiplied by (AP minus the SP)

Where,  

DMPV = Direct Materials Price Variance

AQ = Actual Quantity

AP = Actual Price

SP = Standard Price

We do have all the data, so just plug in the values into the above equation to get the DMPV.

AQ = 101,000

AP  = 6.50 USD

SP = 6.40 USD

So,

DMPV = 101,000 ( 6.50 - 6.40)

DMPV = 10,100 USD

Direct Materials Quantity Variance:

DMQV = SP ( AQ - SQ )

Where,

DMQV = Direct Materials Quantity Variance = ?

SP  = Standard Price  = 6.40 USD

AQ = Actual Quantity  = 101,000

SQ = Standard Quantity  = 100,000

Plugging in the values:

DMQV  = 6.40  ( 101,000 - 100,000)

DMQV = 6400 USD

Total Direct Materials Cost Variance:

DMCV = SMC - AMC

Where,

DMCV =  Direct Materials Cost Variance = ?

SMC = Standard Market Cost = 6.40 USD x 100,000

AMC = Actual market Cost = 6.50 USD x 101,000

DMCV = (6.40 USD x 100,000) - (6.50 USD x 101,000)

DMCV = 640,000 - 656,500

DMCV =  16,500 USD

b.

For part b, we need following particulars:

1. Direct Labor Rate Variance (DLRV)

2. Direct Labor Time Variance (DLTV)

3. Direct Labor Cost Variance  (DLCV)

Direct Labor Rate Variance (DLRV) :

DLRV = (ADLR - SDLR) x ADLH

Where,

ADLR  = Actual Direct Labor Rate = 15.40 USD

SDLR = Standard Direct Labor Rate = 15.75 USD

ADLH = Actual Direct Labor Hour = 2000

So,

DLRV = (ADLR - SDLR) x ADLH

DLRV =  (15.40 USD  - 15.75 USD  ) x 2000

DLRV = 700 USD

Direct Labor Time Variance (DLTV):

DLTV = ( ADLH - SDLH ) x SDLR

SDLH = Standard Direct Labor Hour = 2080

DLTV = ( 2000  - 2080 ) x 15.75 USD  

DLTV = 1260 USD

Direct Labor Cost Variance  (DLCV)

DLCV = SDLC - ADLC

SDLC = Standard Direct Labor Cost  

ADLC = Actual Direct Labor Cost

DLCV =  (1540 x 2000) - (15.75 x 2080)

DLCV = 1960 USD

c.

For Part c, we need following:

1. variable factory overhead controllable variance (VFOCV)

2. fixed factory overhead volume variance (FFOVV)

3. Total factory overhead cost variance (TFOCV)

variable factory overhead controllable variance (VFOCV):

VFOCV =  AFO - B

Where,

AFO = Actual Factory Overhead  = 8200

B = Budgeted Allowance Based on Standard Hours Allowed = 4160x0.5x4

B = 8320 USD

VFOCV =  8200 - 8320  

VFOCV =   120 USD

fixed factory overhead volume variance (FFOVV) :

FFOVV = (S - BH ) x SOR

Where,

S = Standard Hours for actual output = 4160 x 0.5

BH = Budgeted Hours = 2080

SOR = Standard Overhead Rate = 6 USD

FFOVV = (4160 x 0.5  - 2080) x 6

FFOVV =  0 USD

Total factory overhead cost variance (TFOCV):

TFOCV = AFO - SO

Where,

AFO = Actual Factory Overhead = 20,200

SO = Standard Overhead = 2080 x 10

TFOCV =  20,200 - ( 2080 x 10  )

TFOCV =  600 USD

7 0
3 years ago
A company produces a single product. Variable production costs are $12.90 per unit and variable selling and administrative expen
Scrat [10]

Answer:

$10,965

Explanation:

Computation for the dollar value of the ending inventory under variable costing

First step is to find the Units in ending inventory

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced−Units sold

Let plug in the formula

Units in ending inventory= 0 units + 4,900 units−4,050 units

Units in ending inventory = 850 units

Last step is to find the Value of ending inventory under variable costing

Using this formula

Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost

Let plug in the formula

Value of ending inventory under variable costing= 850 units × $12.90 per unit

Value of ending inventory under variable costing = $10,965

Therefore the dollar value of the ending inventory under variable costing would be $10,965

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If a company buys back $100 worth of stock, this increases the cash flow to the stockholders by ___.
andreyandreev [35.5K]

If a company buys back $100 worth of stock, this increases the cash flow to the stockholders by exactly $100.

This is further explained below.

<h3>What are stockholders ?</h3>

Generally, An person or a legal organization that is registered by a company as the legal owner of shares of the share capital of a public or private business is referred to as a shareholder of that corporation.\

In conclusion, When a corporation repurchases $100 worth of its own stock, the result is an increase in cash flow of precisely $100 to the firm's investors.

Read more about stockholders

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7 0
1 year ago
A focused low-cost strategy
melamori03 [73]

Answer:

(C). Involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors

Explanation:

The focused low cost strategy is a business level strategy that <u>involves an organization choosing a segment or niche </u>within a large market and then <u>focusing its available resources on serving the needs of customers in that market segment.</u>

It requires the organization to operate at<u> low costs</u> so it can <u>offer prices of its products, lower than what competitors have to offer.</u>

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