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Finger [1]
3 years ago
7

Genoa Public School invited applications for a teaching position. The school wants to increase the diversity of its staff, which

mostly comprised Asian-American women. After the completion of the selection tests and interviews, the school found that the top two scorers were both Asian-American women. However, it decided to hire an African-American woman, who was the third top scorer and as qualified as the top two. In this scenario, the school most likely made its selection decision through _____.?
Business
2 answers:
Over [174]3 years ago
8 0

Answer:

Banding.

Explanation:

Banding can be described as a method in which test scores are grouped into ranges and then the scores that fall under a particular range is said to be equal.

In decision making, there is always an occurrence of different persons having similar scores.

In the scenario above, Genova public school made its selection decision on the teaching application tests through banding.

Salsk061 [2.6K]3 years ago
4 0

Answer:

A) banding

Explanation:

In statistics or test scoring, banding is used to reduce the uncertainty of an estimate within a curve. Generally it is used by setting confidence and prediction bands, e.g. teachers grade tests with A, B, C, D or F, but not all tests with As are identical specially when data is "noisy" or abundant.

Noisy data is meaningless data, e.g. an essay might be too long because the student started repeating himself.

In this case, all three candidates were basically given an A, so any candidate chosen would qualify as ideal.

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The maximum price that can be asked for the new jPad model is $2,000 at which point they would sell 0 units. It costs Pear $600
djverab [1.8K]

Answer: $700

Explanation:

Based on the information given in the question, the optimal price for this new jPad, which can be assumed to operate in a monopoly will be calculated thus:

P = 2000+Q

TR = P × Q

TR = (2000 + Q) × Q

TR = 2000Q + Q²

MR = 2000 + 2Q

MC = 600

Since marginal revenue equals to marginal cost, this will be:

MR = MC

2000+2Q = 600

2Q = 2000 - 600

2Q = 1400

Q = 1400/2

Q = 700

7 0
3 years ago
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $40,000 in cash and giving a short-term n
Norma-Jean [14]

Answer:

See below

Explanation:

The cost of land to be included in the balance sheet would not only include the price paid to acquire the land but also include cost or revenue received in the process while also include all activities required to bring the land to the stage in which it may be ready for usage.

With regards to the foregoing, the cost of land to be included in the balance is is

= Cash paid + short term note + legal fee + delinquent taxes + Fees paid to remove old building from the land - sales of materials salvaged from demolition of the building

= $40,000 + $306,000 + $1,665 + $13,100 + $22,500 - $5,200

= $378,065

Therefore, cost of land to be included in the balance sheet is $378,065

3 0
3 years ago
Your uncle offers you a choice of $115,0 in 10 years or $52,000 today, if the money is discounted at 9%, which should you do ose
Zarrin [17]

Answer:

1) we would choose the second offer i.e. $52,000 today

2) For A) 10 years at 10%

Future value = $151,405.53

For B) 15 years at 9%

Future value = $278,928.70

Explanation:

1) Future value = $115,000

Time, n = 10 years

Discount rate, r = 9% = 0.09

Now,

Present value of the money provided after 10 years

= Future Value ÷ [ ( 1 + r )ⁿ ]

= $115,000 ÷ [ ( 1 + 0.09 )¹⁰ ]

= $48,577.24

Since,

The Present value of $115,000 is less than the money to offered today i.e $52,000

Hence, we would choose the second offer i.e. $52,000 today

2) Payment per period = $9,500

Future value = Yearly Payment × [ { ( 1 + r ) ⁿ - 1 } ÷ r ]

Thus,

For A) 10 years at 10%

Future value = $9,500 × [ { ( 1 + 0.1 )¹⁰ - 1 } ÷ 0.1 ]

= $151,405.53

For B) 15 years at 9%

Future value = $9,500 × [ { ( 1 + 0.09 )¹⁵ - 1 } ÷ 0.09 ]

= $278,928.70

4 0
3 years ago
Lloyd Inc. had sales of $200,000, a net income of //415,000, and the following balance sheet:
Tju [1.3M]

Answer:

The firm's new quick ratio is  2.9

Explanation:

The current ratio is calculated as  

Current ratio = Current assets / Current liabilities

2.5 times = (Cash + receivables + Inventories ) / (Accounts payable + Other current liabilities)

2.5 = ($10,000 + $50,000 + Inventories) / $50,000

$60,000 + inventories = $125,000

Inventories = $65,000

Therefore, $85,000 worth of inventories were sold off.

If the funds generated are used to reduce the common equity that is by repurchasing the equity at book value.

Hence, the common equity amounts to $115,000

Calculating the ROE before the inventory is sold off:

ROE = Net income / Stockholder's equity

= $15,000 / $200,000

= 0.075 or 7.5%

Calculating the ROE after selling off the inventory:

ROE = $15,000 / $115,000

= 0.13 or 13%

The firm's new quick ratio is

Quick ratio = (Current assets - Inventories) / Current liabilities

= ($210,000 - $65,000) / $50,000

= 2.9

4 0
3 years ago
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:_____
mars1129 [50]

Answer:

The profit margin controllable by the Central Valley segment manager is:  $ 95,000.

Explanation:

Only items directly controllable by the Manager should be included in the divisional financial performance measure.

<u>Central Valley Division</u>

Revenues                                         $ 405,000

Less Variable Costs :

Variable operating expenses        ($ 230,000)

Controllable Contribution                $ 175,000

Less Controllable fixed expenses   ($80,000)

Controllable Profit                             $ 95,000

3 0
3 years ago
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