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stepan [7]
3 years ago
7

Suppose annual salaries for sales associates from Hayley's Heirlooms have a bell-shaped distribution with a mean of $32,500 and

a standard deviation of $2,500. Refer to Exhibit 3-3. The z-score for a sales associate from this store who earns $28,000 is _____. (Note: z score = (x-mean)/standard deviation
Business
1 answer:
Rashid [163]3 years ago
6 0

Answer:

-1.8

Explanation:

Data provided in the question:

Mean = $32,500

Standard deviation = $2,500

Earning, X = $28,000

Now using the formula provided in the question for the calculation of the z - score, we have

z score = ( X - Mean ) ÷ ( Standard deviation )

on substituting the respective values, we get

z score = ( $28,000 - $32,500 ) ÷ ( $2,500 )

or

z score = -4500 ÷ $2,500

or

z - score = -1.8

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A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
RSB [31]

Answer:

Annual Financial advantage $ 550

Explanation:

<u>Computation of income/loss on special order</u>

Unit product costs

Normal product costs                                                                $ 19.20

Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

Total product costs                                                                     $ 20.50

Revenues per unit                                                                       <u>$ 26.00</u>

Profit per unit                                                                               $   5.50

Sales Units                                                                                    2,100 units

Total incremental profit on order                                               $ 11,550

Less; cost of moulds                                                                    <u>$ 11,000</u>

Incremental profit on S 47 order                                                 $    550                                                  

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3 years ago
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Answer:

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Explanation:

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Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 5% and the term is for 5 years.
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Answer:

The amount of interest paid is $ 1,500.

Explanation:

Given that Perry Mazza wants to borrow $ 30,000 from the bank, and the interest rate is 5% and the term is for 5 years, to determine what is the amount of interest paid, the following calculation must be performed:

(30,000 x 5) / 100 = X

150,000 / 100 = X

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Therefore, the amount of interest paid is $ 1,500.

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2 years ago
ROI: Fill in the Unknowns Provide the missing data in the following situations: North American Division Asian Division European
nordsb [41]

Answer and Explanation:

The computation of the missing data  is shown below:

<u>Particulars     North American    Asian            European</u>

<u>                      division                 Division            Division </u>

Sales            $2,000,000        $5,000,000     $1,050,000

Net Operating

Income        $80,000             $200,000            $168,000

Operating

assets         $500,000          $2,000,000         $700,000

Return on

Investment   16%                      10%                      24%

Return on sales 0.04              0.04                      0.16

Investment

turnover           4                    2.5                         1.5

Working notes :  

1. For North American division

Sales is

= Net operating income ÷ return on sales

= $80,000  ÷ 0.04

= $2,000,000

Operating assets is

= Net Operating income ÷ return on investment

= $80,000 ÷ 16%

= $500,000

Investment turnover is

= Sales ÷ operating assets

= $2,000,000 ÷ $500,000

= 4

For Asian Division

Operating assets is

= Net operating income  ÷  return on investment

= $200,000  ÷ 10%

= $2,000,000

Return on sales is

= Net Operating income ÷ sales

= $200,000 ÷ $5,000,000

= 0.04

Investment turnover is

= Sales ÷ operating assets

= $5,000,000  ÷ $2,000,000

= 2.5

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Sales is

= Operating assets × investment turnover

= $700,000 × 1.5

= $1,050,000

Return on investment is

= Net operating income ÷  operating assets × 100

= $168,000 ÷ $700,000

= 24%

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