Melanie's economic profit per month is computed as follows: $10,000 (revenue monthly) - $500 (supplies monthly) - $50 (monthly depreciation = $600 annually / 12 months in a year) = $9,450.
Answer: e. generating alternative goals and plans.
Explanation:
The step in formal planning process is the CEO performing when he debates between opening a new branch and reducing the prices is referred to as generating alternative goals and plans.
Here, the CEO wants to increase the sales of the company and in an attempt to do that he's considering different alternatives in order to know and decide which one will be best for the company to undertake. This means he is generating alternative goals and plans.
Options A-D are wrong as the CEO isn't monitoring, controlling or implementing any plan. Option E is the right answer.
The problem is missing the main question.
The main question is: what is the probability that at least
six taxpayers in a sample of 8 say that it is very significant to safeguard
that high-income tax payers do not swindle on their tax returns? Use the
binomial distribution probability function.
Solution:
Let X be the number of taxpayers say that it is very significant
to safeguard that high-income tax payers do not swindle on their tax returns.
X ~ (n = 8, p = 0.82)
P (at least six taxpayers)
= P (X ≥ 6)
= 1 – P(X ≤ 5)
= 1 – 0.1608
= 0.8392 is the answer
Answer:
$46.40 per unit
Explanation:
The computation of the product cost per unit under absorption costing is shown below:
= Direct material per unit + Direct labor per unit + Variable overhead cost per unit + fixed overhead cost per unit
where,
Fixed overhead cost per unit would be
= Fixed overhead ÷ units produced
= $121,600 ÷ 16,000 units
= $7.60
All other items will remain unchanged
Now add these values in the formula above.
Hence, the value would be
= $9.60 + $19.60 + $9.60 + $7.60
= $46.40 per unit.
Answer:
Doing a financial statement analysis.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.
Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.
