Answer:
Bundle 1: Beer = 2; Pizza = 6
Bundle 2: Beer = 3; Pizza = 4
Bundle 3: Beer = 4; Pizza = 3
Bundle 4: Beer = 12; Pizza = 1
Explanation:
Given that;
Lisa utility function UF(X,Y) = 4XY
where;
X = beer
Y = Pizza
The utility level = 48
so, UF(X,Y) = 4XY
putting different values of X (i.e beer ) given to us in this equation, we can calculate the values of Y(i.e pizza) to fulfill the utility
So; when X (beer) = 2
48 = 4×2×Y
48 = 8Y
Y = 48/8
Y = 6
Thus, Bundle 1: Beer = 2; Pizza = 6
when X (beer) = 3
48 = 4×3×Y
48 = 12 Y
Y = 48/12
Y = 4
Thus; Bundle 2: Beer = 3; Pizza = 4
when X (beer) = 4
48 = 4×4×Y
48 = 16 Y
Y = 48/16
Y = 3
Thus; Bundle 3: Beer = 4; Pizza = 3
when X(beer) = 12
48 = 4×12×Y
48 = 48 Y
Y = 48/48
Y = 1
Thus; Bundle 4: Beer = 12; Pizza = 1
Answer:
a. 5.18%;
b. 10.12%;
c. 6.32%;
d. 9.22%.
Explanation:
We apply the formula of Annual rate of return to calculate for the four cases.
The formula for calculating annual rate of return as below:
Annual rate of return = ![\sqrt[year]{Ending value/Beginning value}](https://tex.z-dn.net/?f=%5Csqrt%5Byear%5D%7BEnding%20value%2FBeginning%20value%7D)
-1 ;
So, for each of the case given, by applying the formula, the detailed calculations for each case will be:
+ For case a :
![\sqrt[12]{769.5/420} -1](https://tex.z-dn.net/?f=%5Csqrt%5B12%5D%7B769.5%2F420%7D%20-1)
= 5.18%;
+ For case b:
![\sqrt[14]{11,567.45/3,000} -1](https://tex.z-dn.net/?f=%5Csqrt%5B14%5D%7B11%2C567.45%2F3%2C000%7D%20-1)
= 10.12%;
+ For case c:
![\sqrt[20]{110,000/32,303.47} -1](https://tex.z-dn.net/?f=%5Csqrt%5B20%5D%7B110%2C000%2F32%2C303.47%7D%20-1)
= 6.32%;
+ For case d:
![\sqrt[40]{1,100,000/32,275.63} -1](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B1%2C100%2C000%2F32%2C275.63%7D%20-1)
= 9.22%.
Answer:
Third step in control function is to take corrective action
Explanation:
Control function is one the important managerial functions where the manager compares actual performance with that of estimated by the management. In case of any deviation, the manager prepares the corrective course of action and communicates the same to the upper management.
The upper management keeps this feedback in mind while formulating goals and objectives in future. Here, Oliver compares actual performance based on number of defective parts set and takes corrective action if actual number of defective parts is more than estimated.
Answer: B. Money matters
Explanation: “Financial” means the management of money, so money matters would be the correct answer.
Answer:
50,900 units
Explanation:
a. The computation of the units were transferred out of Work in Process Inventory is shown below:
= Beginning inventory of work in process units + added to the production units - ending inventory of work in process units
= 8,100 units + 47,600 units - 4,800 units
= 50,900 units
Basically we added the production units and deduct the ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come
