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3 years ago

If the form of a will is made orally, and written down by a witness, how is it called?

1 answer:

6 0

If the form of a will is made orally, and written down by a witness, it is called nuncupative (non-culpatory) - meaning oral or dictated; often limited to sailors or military personnel.

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Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and f

Elan Coil [88]

Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.

7 0

3 years ago

Suppose the mean income of firms in the industry for a year is 75 million dollars with a standard deviation of 17 million dollar

Readme [11.4K]

Answer and Explanation:

Given:

μ = 75 million

SD = 17 million

Probability (x) raw data = 110 million

Computation:

= Probability (x) < 110 million

= Probability [(x-μ) / SD] < [(110 - 75) / 17]

[(x-μ) / SD] = Z

= Probability [z] < [(35) / 17]

= Probability [z] < [2.05882353]

Using z calculator:

P-value from Z-Table:

Z score = 0.98024

Therefore, probability is 0.98024

4 0

3 years ago

The mythical Three Floyds Brewery in Munster, Indiana makes a beer called Zombie Dust, which it sells in large bottles to pubs a

chubhunter [2.5K]

Answer:

Setup cost (S) = 1800

Holding cost (H) = 2.5

Annual demand (D) = 20000

Daily demand (d) = Annual demand / Number of working days = 20000 bottles/250 = 80 bottles daily

Daily production (p) = 400

a. Given production quantity Q = 10000

Holding cost = 1/2*[(p-d)/p]*QH

Holding cost = ((400-80)/(2*400))*10000 *2.5= 10000

Ordering cost = (D/Q)S = (20000/10000)*1800 = 3600

Total Cost = Annual holding cost + Annual ordering Cost = 10000 + 3600 = 13600

b. Economic production Quantity (EPQ) = Q

Q = √2DS/H √p/p-d

Q = √2*20000*1800/2.5 √400 / 400-80

Q = 6000 bottles

Holding cost = 1/2*[(p-d)/p]*QH

Holding cost = ((400-80)/(2*400))*6000 *2.5= 6000

Ordering cost = (D/Q)S = (20000/6000)*1800 = 6000

Total Cost = Annual Holding cost + Annual ordering cost = 6000 + 6000 = 12000

C. Cost difference between the current production schedule and the EPQ = 13600 - 12000 = 1600

4 0

2 years ago

After developing a computer locking system, Caffrey Computer Corp. worked out a licensing deal with Chicago Desktop (a potential

Vika [28.1K]

Answer:

A Strategic Alliance

Explanation:

A Strategic Alliance refers to a combined effort or activities of two firms so as to strengthen their market position and yet at the same time maintain their individual separate corporate existence.

It represents a mutually beneficial agreement between two corporate firms under which, terms are less binding and stringent than a joint venture.

The purpose behind such an alliance could be, expansion, product line improvement or together gain a competitive advantage.

Such an alliance helps both businesses achieve a common goal driven by mutual assistance and pooling of resources.

In the given case, the tie up between Caffery computer corp. and Chicago desktop to sell computer locking systems alongside computers, would be termed a strategic alliance, since such an arrangement would benefit both, reduce competition for each with collective gain w.r.t market share.

3 0

3 years ago

Which of the following is NOT one of the credit reporting agencies?

Jlenok [28]

Answer:

we need the opitions lol

Explanation:

3 0

3 years ago