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Ronch [10]
3 years ago
9

Dennis, the owner of a popular restaurant, is a religious man, and he needs to make a decision on whether he will add beer and w

ine to his menu, based on the recommendations of his chefs and others. when confronted with a choice when making a decision, he tends to make his decisions based on his beliefs, even if evidence shows those beliefs are wrong. if his religious beliefs favor not serving alcohol in his café, according to the prior-hypothesis bias he would choose not to add beer and wine to his menu.
Business
1 answer:
Travka [436]3 years ago
7 0
Hi :)

I believe the answer is true.
You might be interested in
Production Volume4,000 Units5,000 UnitsDirect Materials$85.80 per unit$85.80 per unitDirect Labor$56.10 per unit$56.10 per unitM
guapka [62]

Answer:

4300 units would cost  $ 898461 or $ 208.9 ≅ $ 209 per unit

Explanation:

Production Volume                   4,000 Units       5,000 Units

Direct Materials                 $85.80 per unit        $85.80 per unit

Direct Labor                     $56.10 per unit             $56.10 per unit

Manufacturing overhead   $73.60 per unit           $62.10 per unit

Total Manufacturing Costs   $ 215.5 per unit         $ 203.7 per unit

The best estimate of the total cost to manufacture 4,300

4000 units at $ 215.5 = $ 862,000

5000 units at $ 203.7= $1018500

9000 units would Cost = $ 862,000+$1018500= $ 1880500

We have taken the total of the two costs and then divided with the number of 9000 units to get an average price as the fixed costs are decreasing as the number of units increase from 4000 to 5000.

4300 units would cost = $ 1880500/ 9000 * 4300= $ 898461 or $ 208.9 ≅

$ 209 per unit

5 0
3 years ago
Farrow Co. expects to sell 500,000 units of its product in the next period with the following results. Sales (500,000 units) $ 7
Shtirlitz [24]

Answer:

Farrow Co.

a. The combined total net income if the company accepts the offer to sell the additional units at the reduced price of $13 per unit is:

= $2,020,000.

b. The company should accept the offer, provided there is no proportionate additional selling expense.

Explanation:

a) Data and Calculations:

                                               Normal            Additional          Total

Expected sales                  500,000 units  50,000 units   550,000 units

Sales revenue                     $7,500,000     $650,000      $8,150,000

Costs and expenses:

Direct materials                     1,000,000        100,000          1,100,000

Direct labor                           2,000,000       200,000        2,200,000

Overhead                                500,000          80,000           580,000

Selling expenses                    750,000           0                    750,000

Administrative expenses     1,285,000         215,000        1,500,000

Total costs and expenses  5,535,000        595,000        6,130,000

Net income                       $ 1,965,000        $55,000    $2,020,000

3 0
3 years ago
What is commercial bank? in your own words. ​
Irina18 [472]

Answer:

a commercial Bank is a type of banks that provide services such as accepting deposits making business loan etc

Explanation:

4 0
2 years ago
A company's normal selling price for its product is $23 per unit. However, due to market competition, the selling price has fall
Alexxandr [17]

Answer:

e. $3,680

Explanation:

Calculation for the value of this company's inventory at the lower of cost or market.

Using this formula

Inventory value at lower of cost= Current FIFO inventory units × Fallen Net realizable value per unit

Let plug in the formula

Inventory value at lower of cost=230 units× $16 per unit

Inventory value at lower of cost=$3,680

Therefore the value of the company's inventory at the lower of cost or market will be $3,680

5 0
3 years ago
The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity and price? Price per Pound Qd
Hoochie [10]

Answer:

Equilibrium price is $8

Equilibrium quantity is 21

Explanation:

Equilibrium occurs where quantity demanded equals the quantity supplied. At equilibrium, both buyers and sellers are satisfied and there's no incentive to change the price and quantity demanded.

Equilibrium price is the price where equilibrium occurs. In this question, it is $8.

Equilibrium quantity is the Quanitity where equilibrium occurs. In this question, it is 21.

Graphically, equilibrium is found where the demand curve intersects the supply curve.

Please check the attached image for a graphical representation of Equilibrium.

I hope my answer helps you

8 0
3 years ago
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