Answer:
The correct answer would be option A, Conduct primary research for firsthand information.
Explanation:
As George is asked to make a presentation documenting about the customers' reaction about the company's recent release of hand held GPS device. His company launched the GPS hand held devices and now the company wants to know the customers' feedback. So the best method is to conduct a primary research. Primary Research will include collecting the data about the likeness or dis likeness of the GPS devices directly from the customers who are using it. This would serve as the firsthand information and it should be included in the presentation that George is preparing.
Answer:
$10.92
Explanation:
Finance charge computation:
($350 x 0.052%) x 60 days = $10.92
Hence he will pay a total of $360.92 being principal($350) and interest($10.92)
Answer:
Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75
= $432,000
Number of units to be sold
= Level of sales/Selling price
= $432,000/$36
= 12,000 units
The correct answer is A
Explanation:
In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.
A tax on suppliers will cause the equilibrium price paid by the consumer to increase and the equilibrium quantity to decrease. The tax would basically make the supplier decide to increase the price of their product. In effect, the consumer would have to pay a higher <span>price because of this incident. Since the price to be paid by the consumer would increase, the equilibrium quantity would eventually increase because the amount to be paid by the consumer is already fixed. When the price per unit would increase, the number of units that can be bought with the specified amount of money will eventually decrease.</span>
Answer:
- $12.5
Explanation:
Data provided in the question:
Amount won against tossing 3 tails with 3 coins = $6
Amount lost if failed tossing 3 tails with 3 coins = -$1 (negative sign depicts loss)
Number of times games played = 100
Now,
The possible outcomes when 3 coins are tossed
H H H
H H T
H T H
H T T
T H H
T H T
T T H
T T T
P(tossing 3 tails with 3 coins) = 
P(not (tossing 3 tails with 3 coins ) = 
Expected value = 
or
Expected value = 
or
Expected value = 
negative sign means there will be loss
Therefore,
for 100 games
Expected loss = 100 ×
= - $12.5
