Answer:
52.7%
Explanation:
Coefficient of variation= 
times 100%
= 
times 100%
= .5270462767 times 100%
= 52.704627667
Which rounded to the nearest tenth percent is 52.7%
Answer: See explanation
Explanation:
a. Let the break even sales be represented by x.
Firstly, we will calculate the total fixed cost which will be:
Investment = $4.5million/30 = $150,000
Add: Annual labor cost = $140,000
Add: Interest = 8% × $4.5million = $360,000
Total Fixed cost = $650000
The total variable cost will be: = 0.60 × x = 0.60x
Therefore, total cost:
= fixed cost + variable cost
= 650000 + 0.60x
Total revenue = Selling price × sales
= 3.20 × x = 3.20x
Break even point will now be:
Total revenue = Total cost
3.20x = 650000 + 0.60x
3.20x - 0.60x = 650000
2.60x = 650000
x = 650000/2.60
x = 250000
Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.
b. The approximate number of cars that would have to park in the lot on a daily basis will be:
= 250000/365 days
= 684.91
=685 cars
Answer:
The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Explanation:
In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.
This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.
Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.
Answer:
PPF : Downward Sloping Straight Line
Explanation:
PPF is the locus of product combinations that an economy can produce, given resources & technology.
It is downward sloping : Because of inverse relationship between two goods- if one has to be increased other has to be decreased , because of same resources & technology.
Marginal Opportunity Cost (Slope of PPC): is ratio of a good sacrifised to gain each additional unit of the other good.
∆ Good sacrifised / ∆ Good gained
If this ratio is same i.e constant amount of a good is sacrifised to gain an additional amount of the other one , the slope of PPC is constant & it is a straight line
Eg : Good1 Good2 MOC [∆Good2/∆Good1]
0 20 _
10 10 -10/10 = -1 (10-20)/(10-0)
20 0 -10/10 = -1 (0-10)(/20-10)
So , same (1) good 2 is sacrifised to attain a good 1 each time.
However Generally: MOC is increasing , because of assumption that resources are unequally efficient in various goods production - shifting good from efficient to inefficient increases sacrifise each time. This makes PPC usually concave.
Answer: (C) Perceptual mapping
Explanation:
The perceptual mapping is one of the type of technique that is used by the marketers for visually displaying the different types of perceptions of the consumers and the users.
It is also known as the market mapping technique that is used for the developing the various types of brands and the products in the market for based on the customer perspective.
According to the given question, the Apex corp. is using the perpetual mapping technique for determining the different types of product attribute in the market.
Therefore, Option (C) is correct answer.
