Answer: 20 women
Explanation:
Making the total number of women in the club 'x', we can then do the following,
Total Number of Names in Hat, N
N = x + 10 ( total number of men)
therefore total number of names in the hat N=x+10
We need to select 3 people so sample size = 3
Using the Hypergeometric Distribution then we can then use the formula,
Expected number of women on the Committee = k * n / N
Where k is the total number
2 = x * 3 / (x + 10)
2 = 3x/(x +10)
3x = 2x +20
x = 20
There are 20 women in the club.
Answer: Inventories and cost of goods sold.
Explanation:
Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.
The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.
Answer: $74.60
Explanation:
For people who are paid biweekly, 1 withholding allowance = $161.5
4 withholding allowances = $646
Earnings after deducting withholding allowance = $1,846 - $646
Earnings after deducting withholding allowance = $1,200
For a married person who is paid biweekly, the percentage applicable to David's pay bracket is 10% on the amount over the $454
That is, 10% on $746 ($1200 - $454)
=$74.60
Answer: reduce output.
Explanation:
In a competitive market, firms do not have control over the price that they sell their goods in the market but they do have control over their costs. It is recommended to produce/ sell goods at a quantity where Marginal Revenue will equal Marginal cost (MR = MC).
In a Competitive Market, Price is the same as Marginal revenue which means that Marginal revenue here is $25 and the Marginal Cost is $26. At this quantity of output, the Marginal Cost is larger than the Marginal revenue.
Company should therefore reduce output to a quantity where Marginal Cost will equal Marginal revenue.
Answer:
Detailed solution is given in the tabular form below:
