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Aleksandr-060686 [28]
3 years ago
10

The mean amount spent by a family of four on food per month is $700 with a standard deviation of $85. Assuming that the food exp

enditures are normally distributed, what is the proportion of families of four that spend more than $900 per month?
Business
1 answer:
Soloha48 [4]3 years ago
3 0

Answer:

0.93% of the persons spend above 900 dollars on food per month

Explanation:

Pz = (X - mean) / standard deviation

Pz = (900-700)/85 = 2,3529

Now we look for the value of a Pz of 2.35 in a normal distribution table to know the accumulated persons which are below 900 per month

PZ 2.3529 = 0.99068721

there is a 0.99068721 of the population which spend  less than 900 per month on food

We now do 1 - 0.99068721 = 0,00931279‬ = 0.93% this is the percentage of person who spend above 900 dollar per month on food

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Tamiku [17]

Answer:

5.09%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator.

Cash flow in year 0 = $-600,000

Cash flow each year from year 1 to 29 = $48,000 - $16,000 = $32,000

Cash flow in year 30 = $32,000 + $500,000 = $532,000

IRR = 5.09%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

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3 years ago
Becoming a manager meams
Lesechka [4]

Answer:

The statement is: True.

Explanation:

Being a manager implies handling groups of people with diverse cultures, experiences, and personalities. To perform a proficient work, executives should have a well-defined method of working but be able to adapt it according to their subordinates and the situation the firm is facing. In some cases, their ego will have to be left behind to reach the company's goals.

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3 years ago
Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi p
alexgriva [62]

Answer:

Kokomochi

The incremental earnings associated with the advertising campaign in its first year is:

= $0.3 million.

Explanation:

a) Data and Calculations:

Advertising campaign cost = $5.5 million

                                                  Mini Mochi     Other Products   Total

                                                      Much

Incremental sales revenue        $8.2 million      1.8 million        $10 million

Incremental cost of goods sold   5.2 million      1.4 million           6.6 million

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Incremental earnings associated with the advertising campaign = $0.3 million

Advertising cost apportioned to:

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6 0
3 years ago
Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.
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6 0
2 years ago
Gary’s Company produces high quality shirts. Shirts must be well made because of frequent washings. Currently, Gary sells 10,000
grin007 [14]

Answer:

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

Explanation:

Giving the following information:

Currently, Gary sells 10,000 shirts at $60 each with the capacity to produce 11,000 shirts. Gary is considering a special order for 1,800 shirts for $40.

Gary has the following costs:

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Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

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