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Mama L [17]
3 years ago
14

A grocery store is trying to find a new vendor for carrots. Its three criteria are 1. Freshness, 2. Lot Size, and 3. Cost with f

actor weights of .6, .1, and .3 respectively. What would a vendor with ratings of 6, 8, and 10 in the three respective categories score as a weighted total?
a. 24
b. 1
c. 7.4
d. 9.8
e. None of these
Business
1 answer:
Ann [662]3 years ago
7 0

Answer:

Weighted total will be 7.

So option (c) will be the correct answer

Explanation:

We have given factor of weight w_1=0.6kg, w_2=0.1kg and w_3=0.3kg

Rating in three respective category x_1=6 , x_2=8 and x_3=10

Total weight is given by x=\frac{\sum w_ix_i}{\sum w_1}

So x=\frac{\sum w_ix_i}{\sum w_1}=\frac{6\times 0.6+8\times 0.1+10\times 0.3}{0.6+0.1+0.3}=7.4

So weighted total will be 7.4

So option (c) is the correct option

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All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's an
lianna [129]

Answer:

1) adjusting entries

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Dr Unearned service revenue 600

    Cr Service revenue 600

e. On November 1 of the current year, Zimmerman paid a one-year premium for property insurance, $9,960, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.

Dr Insurance expense 1,660

    Cr Prepaid insurance 1,660

f. The company earned service revenue of $4,200 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. No entry has been recorded.

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2) Assets     = Liabilities + Stockholders’     Revenues - Expenses = Net

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a.    na               -                    +                           +               na                +

b.    na               -                    -                           na              -                   -

c.     -               na                   -                           na              -                   -

d.    na               -                    +                           +               na                +

e.     -               na                   -                           na              -                   -

f.      +              na                   +                           +               na                +

g.    na              +                    -                            na             -                   -

h.    na              +                    -                            na             -                   -

4 0
3 years ago
The market value balance sheet for Cherry Pie Corp. reflects a cash of $22,000, fixed assets of $209,000, and equity of $231,000
Blizzard [7]

Answer:

The correct answer is D.

Explanation:

Equity = $231,000

No. of outstanding shares = 5,000

Price of share = \frac{231,000}{5000}

Price of share = $46.2

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No. of shares repurchased = \frac{18,000}{46.2}

No. of shares repurchased = 390

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8 0
3 years ago
3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many
Anit [1.1K]

5 months and 200 pounds

4x5 = 20

220-20

200

10x5 = 50

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200

6 0
3 years ago
Gomez runs a small pottery firm. He hires one helper at $14,500 per year, pays annual rent of $7,500 for his shop, and spends $1
uysha [10]

Answer:

a). Accounting profits=$6,000

b). Economic profit=-$6,000

Explanation:

a). The accounting profits for Gomez's pottery firm can be expressed in the form;

Accounting profits-Total monetary revenue-Total monetary expenses

where;

Total monetary revenue=$86,000

Total monetary expenses=excludes opportunity cost=wages+rent+materials+equipment=(14,500+7,500+18,000+40,000)=$80,000

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b). Gomez's economic profit

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replacing;

Economic profit=(97,000-103,000)=-$6,000

Economic profit=-$6,000

6 0
3 years ago
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