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Yanka [14]
4 years ago
13

You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham

burgers taste better. However, before the new hamburger is introduced in the market, taste tests will be conducted. How should the sample size for these taste tests be determined? What approach would you recommend? Justify your recommendations to a group of students representing Burger King management
Business
1 answer:
Bogdan [553]4 years ago
8 0

Answer with its Explanation:

The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.

Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.

Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.

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Delhoyo Corporation, a manufacturing company, has provided data concerning its operations for September. The beginning balance i
sergeinik [125]

Answer:

$65,000

Explanation:

Computation of the given data are as follows:

Direct material cost = Beginning balance + Purchase - Ending balance

Where, Beginning balance = $37,000

Purchase = $57,000

Ending balance = $29,000

So, by putting the value in the formula, we get

Direct material cost = $37,000 + $57,000 - $29,000

= $65,000

3 0
3 years ago
Question ObjectivesTest side bar expand button Q 3.2: According to the historical cost principle, if an asset costs $50,000 when
harkovskaia [24]

Answer:

A.

Explanation:

The cost principle means that in accounting, any transaction is recorded at the historical purchase price.

A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.

Revaluation of fixed assets is not allowed for GAAP.

An appreciated value is an increase in the value of an asset over time.

A market value is the price at which a product or service could be sold in a competitive, open market.

3 0
3 years ago
Excellent Yachting is considering acquiring Turquoise Tours. Management believes Turquoise Tours can generate cash flows of $218
xeze [42]

Excellent Yachting will pay  $519,799.59.

<h3>What will be the calculation of resent value of a lump sum?</h3>

The calculation of the present value of a lump sum for each cashflow considering the 14.5% discount rate would be as follow:

PV=nominal value/(1+i)n

rate: 0.145

Year I,  218,000/(1+0.145)1 = PV

             = 190,393.0131

Year II,  224,000/(1+0.145)² = PV

            = 170,858.6793

Year III,  238,000/(1+0.145)³ = PV

            = 158,547.9011

By adding each PV value together, we will get 190,393.0131+170,858.6793+158,547.9011 = $519,799.59

Learn more about the PV here:-

brainly.com/question/15432294

#SPJ1

5 0
2 years ago
Roberto Sanchez, CFA, and Andreas Lopez, CFA, worked as financial analysts for OneWorld Analytics for years. While at OneWorld,
DerKrebs [107]
How do i post a question?
8 0
2 years ago
Raw materials, human resources, energy, equipment, financial resources, and information are ________ for an organization.
Westkost [7]

Inputs are raw materials, human resources and energy required by an organization.

<h3>What is an input?</h3>

Inputs are any resources used to create goods and services. They are the resources used in completing a task and typically include time and efforts.

For a business to be able to manufacture goods and services, such must have what is called input because the input joined together will bring about final output.

Examples of inputs include:

  • Labor
  • Fuel
  • Materials
  • Buildings.

Therefore, Raw materials, human resources, energy, equipment, financial resources, and information are inputs for an organization.

Learn more about input here: brainly.com/question/120040

3 0
2 years ago
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