Answer:
The percent of students who take exactly three courses =
31.67%
Explanation:
a) Data and Computations:
# of Courses Frequency Relative Frequency Cumulative Frequency
1 22 0.3667 22
2 19 0.3167 41
3 19 0.3167 60
Number of part-time students surveyed = 60
Students who take 1 course = 22/60 * 100 = 36.67%
The cumulative frequency for 1 course is 22 students.
The frequency of student who take 2 courses = 19(41 - 22)
Therefore, the frequency of students taking 3 courses = 19 (60 - 41) and
the relative frequency of students who take 3 course = 19/60 * 100 = 31.67%.
Answer:
Direct material cost = $112,000
Explanation:
<em>Pre-determined overhead absorption rate rate = Estimated overhead for the period / estimated direct material cost</em>
Pre-determined overhead absorption rate rate (OAR= 75% of direct material cost
Applied overhead = OAR × direct material cost
Applied overhead = 75% × direct material cost
Let direct material cost be represented by y
84,000= 75% × y
y = 84,000/75%= 112000
Direct material cost = $112,000
Dell works with software creators such as Oracle and Microsoft to help increase business sales of its servers and their software. This is an example of a strategic alliance.
A strategic alliance refers to a mutual bond between two companies that are arranged where they create their project while maintaining a certain degree of independence in decision-making.
- This agreement between two companies adheres to a set of mutually agreed upon clauses and protocols while remaining independent organizations in and of themselves.
- Strategic alliances are usually made in order to collaborate upon a project that ends up being beneficial for both the companies involved in the alliance, without hampering the independent capacities of any particular company.
- Strategic alliance helps by expanding into a newer market, introducing new products, and efficiently dealing with new and potential competitors.
Therefore, Dell works with software creators such as Oracle and Microsoft to help increase business sales of its servers and their software. This is an example of a strategic alliance.
Learn more about a strategic alliance here: brainly.com/question/4467038
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1)The cm ratio<span> is the difference between a company's sales and variable expenses (expenses proportional to units produced), expressed as a <span>percentage. Hence, we have that the costs of the product per unit are 70%= 100%-30% of the unit income, thus they are 40*70%=28$. Thus, the variable expenses per unit are 28$.
2) In order to break even, they have to make profit of 180000$ from sales. Each unit gives a profit of 12$=40$-28$ (unit profit). Hence, in order to make a profit of 180000$, the have to sell 180000/12=15000 units. Those units will bring in sales of 40*15000=600000$. We also have that if the company wants to make a net profit of 60000$, the profit from the unit sales needs to be 240000$ in total. Hence, they will need 240000/12=20000 units and the sales will be 40*20000=800000$ at that point.
3) Let us calculate the new cost. It is obviously 28-4=24$. The new profit margin per unit is 40-24=16$. Hence, to break even this time they will need only 180000/16=11250 units. They will be sold for 40*11250=450000$ in total. To make that additional profit of 60000$, they will need to sell 60000/16 more units, hence 3750 more units. This means that they need to do an additional 150000 dollars in sales. With the new variable cost, to achieve profit of 60000 they need to sell 11250+3750=15000 units and they will cost 600000$
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Answer:
Net Income = $67,032
Return on assets = 0.152 = 15.2%
Explanation:
Profit Margin = Net Income / Net sales
Net Income =Profit Margin x Net sales
Net Income = 8% x $837,900
Net Income = $67,032
Asset Turnover = Net Sales / Average total assets
1.9 = $837,900 / Average total assets
Average total assets = $837,900 / 1.9
Average total assets = $441,000
Return on Assets = Net Income / Average total Assets
Return on Assets = $67,032 / $441,000
Return on Assets = 0.152 = 15.2%
