Accounting profit equals economic profit if __________ equals _________

A manuscript is sent to a typing firm consisting of typists A, B and C. If it is typed by A, then the number of errors made is a

spin [16.1K]

Answer:

(a) E(X) = 3

(b) Var(X) = 12.1067

Explanation:

(a) E[X]

E[X]T = E[X]T=A + E[X]T=B + E[X]T=C

= (2.6 + 3 + 3.4)/3

= 2.6 (1/3) + 3(1/3) + 3.4(1/3)

= 2.6/3 + 1 + 3.4/3

= 3

(b) Var (X) = E[X²]−(E[X])²

Recall that if Y ∼ Pois(λ), then E[Y 2] = λ+λ2. This implies that

E[X²] = [(2.6 + 2.6²) + (3 + 3²) + (3.4 + 3.4²)]/3

= (9.36 + 12 + 14.96)/3

= 36.32/3

= 12.1067

Var(X) = E[X²]−(E[X])²

= 12 - 3²

= 12.1067 - 9

= 3.1067

8 0

3 years ago

Look at the sales prices change that is being suggested. In particular, Winetki talks about one of the product's prices as doubl

PilotLPTM [1.2K]

The calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

<h3>What is the weighted-average contribution margin?</h3>

The weighted-average contribution margin shows the average amount that a group of products or services contribute to meet the fixed costs.

The weighted-average contribution margin can be computed as Aggregate sales - Aggregate variable expenses) ÷ Number of units sold.

<h3>Data and Calculations:</h3>

Aggregate sales revenue = $1,800,000

Aggregate variable costs = $1,125,000

Aggregate contribution margin = $675,000 ($1,800,000 - $1,125,000)

Total units sold = 1,500,000

Total fixed costs = $520,000

Weighted average contribution margin = $0.45 ($675,000/1,500,000)

Break-even point in units = 1,155,556 units ($520,000/$0.45)

Thus, the calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

Learn more about break-even analysis at brainly.com/question/21137380

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4 0

1 year ago

The following data is obtained from the general records in the shipping department at Rapid Parcel Delivery Company for August:

solong [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

3 0

2 years ago

On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos

Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

DBO plan asset EBE

opening balance (600000) 832000 -

interest ( 60000) 66560 6560

current year's service cost (600000) (600000)

( 1260000 ) 898560 <u> 593440</u>

balance sheet liability = 361440

5 0

3 years ago

Read 2 more answers

The finance team of a company conducts a meeting to discuss the worthiness of investing its funds in the local share market. Alt

Alex Ar [27]

Answer:

C. groupthink

Explanation:

According to my research on in the field of psychology, I can say that based on the information provided within the question this scenario illustrates the concept of groupthink. This is a psychological phenomenon which states that the desire for maintaining a cooperative and harmonious nature within a group leads individuals in that group to behave irrationally leading to bad decision-making choices. Which is what is happening in this scenario since Mikhail isn't voicing her opinion in order to maintain the same group dynamic.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

2 years ago

Accounting profit equals economic profit if __________ equals __________.

Accounting profit equals economic profit if equals .