Working regular hours is a drawback of being a wage earner ..... true or false

Overhead cost variance is: Multiple Choice The difference between the actual overhead incurred during a period and the standard

mezya [45]

Answer:

The difference between the actual overhead incurred during a period and the standard overhead applied.

Explanation:

As we know that

The variance is the difference between the actual volume or amount and expected or standard volume or amount

So the overhead variance is the difference between the actual overhead incurred and the standard overhead applied

Plus if the standard is more than the actual than it would be favorable otherwise unfavorable

Therefore, the first option is correct

3 0

3 years ago

One of the greatest advantages of hedging with currency futures is _______. Select one: a. they have flexible contract sizes of

galina1969 [7]

Answer:

c. they are available every day of the year

Explanation:

These are some more facts related to futures contracts:

Currencies are limited
Only one price occurs in the exchange
Margin money is determined based on the amount established in the contract
Daily settlement occurs often
Only precise trades are permitted

please refer to link for more details https://www.upcounsel.com/difference-between-futures-and-forward-contracts

6 0

3 years ago

I If you were to advise DreamWorks Classics

motikmotik

<em><u>If I had any advice for DreamWorks Classics, it would be to insist on adopting the 'organic' approach for internationalising Postman Pat.</u></em>

Explanation to the following is as follows;

Postman Pat chronicles the exploits of Pat Clifton, a postal worker for the Royal Mail in the imaginary community of Greendale. This product image is firmly ingrained in British habits and culture; therefore, it is unlikely that Postman Pat would have succeeded if they had followed the ‘born global' path when launching this cartoon.

6 0

3 years ago

"In a mid-size company, the distribution of the number of phone calls answered each day by each of the 12 receptionists is bell-

viva [34]

Answer:

$z= \frac{51-37}{7}=2$

$z= \frac{23-37}{7}=-2$

So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.

So then we can answer this question like this:

$P(23$

Or 95%

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which states that for a normal distribution, almost all data falls within three standard deviations (denoted by σ) of the mean (denoted by µ). Broken down, the empirical rule shows that 68% falls within the first standard deviation (µ ± σ), 95% within the first two standard deviations (µ ± 2σ), and 99.7% within the first three standard deviations (µ ± 3σ).

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Solution to the problem

For this case we know that the the random variable X represent the number of phone calls answered by each of the 12 receptionists is bell shaped with a mean $\mu = 37$ and a standard deviation of $\sigma = 7$ .

And for this case we want to find this probability:

$P(23$

And the best way to solve this is using the z score formula given by:

$z = \frac{x-\mu}{\sigma}$

Because the z score quantifies how many deviation we are from the mean.

For the value fo 51 we have this:

$z= \frac{51-37}{7}=2$

And for the 23 we got:

$z= \frac{23-37}{7}=-2$

So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.

So then we can answer this question like this:

$P(23$

Or 95%

5 0

3 years ago

For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable, or nonexcludable. Rivalr

Jobisdone [24]

Answer:

1. Sports Team Shirt - Excludable / Rivalrous

2. Air we breathe - Non - Excludable / Non - Rivalrous

3. Atlantic Bluefin Tuna - Non -Excludable / Rivalrous

4. A Toll Road - Excludable / Non - Rivalrous

Explanation:

A rivalrous good is one in which usage, by an individual limits the ability of another to use the same good. Rival goods are tangible. This means that they can be held or touched. Examples in this category are; A sports team shirt and, the Atlantic Blue Fin Tuna. Eating a Tuna would limit access to another person, who wants to eat Tuna at that point in time. The same would apply to wearing a sports shirt.

A Non - Rivalrous good is one in which usage by an individual does not limit consumption by another. Most non - tangible goods are non -

rivalrous. Examples in this category are; the air we breathe, and the Toll Road. Almost anyone can access these.

Excludable goods are only used after payment for them has been made. Examples are the Toll Road and the Sports Team Shirt.

Non - Excludable goods can be used even when payment has not been made. Examples are Air and The Atlantic Blue Fin Tuna which anyone can access.

7 0

3 years ago