Answer:
The answer is below
Explanation:
Considering the available options, the correct statements are:
1. A random variable is a quantitative or qualitative outcome that results from a chance experiment.
2. A probability distribution includes the likelihood of each possible outcome or random variable.
The answer is: limiting the types of goods and services produced
When a certain country decided to do a specialization, it will utilize most of their time and effort to one specific sectors. These sectors usually be chosen because that country had a certain competitive advantage over another country due to the resources that they possess.
For example, Malaysia is conducting a specialization in latex related products. They choose to do this because they possess the environment that is perfect for latex tree to grow. Currently, they are among the top three latex producers in the world.
Answer:
$557,000
Explanation:
Operating activities: It includes those transactions which affect the working capital. It means that the increase in current assets and a decrease in current liabilities would be deducted and a Decrease in current assets and an increase in current liabilities would be added.
The computation is shown below:
= Income reported on the income statement + decrease in account receivable
= $539,000 + $18,000
= $557,000
The decrease in account receivable
= $142,000 in beginning of the year - $124,000 in end of the year
= $18,000
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Consider the following sample of production volumes and total cost data for a manufacturing operation.
Production Volume (units)Total Cost ($)
400units $4000
450units $5000
550units $5400
600units $5900
700units $6400
750units $7000
We will use the high-low method to calculate variable cost and fixed cost.
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ highest activity units - Lowest activity units)
Variable cost per unit= (7000 - 4000)/(750 - 400)= $8.57
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 7000 - (8.57*750)= 572
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 4000 - (8.57*400)= 572
Proportion of variable cost= 8.57/572= 0.0149= 1.49%
500 units= 572 + 500*8.57= 4,857