Answer:
Explanation:
For answer , see the attached file.
Answer:
4.28 grams
Explanation:
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by the formula:
Given that:
P(x > 5.1 grams) = 5%, x = 5.1 grams, σ = 0.5 grams
P(x > 5.1 grams) = 5%
P(x < 5.1 grams) = 100% - 5% = 95%
P(x < 5.1) = 95%
From the normal distribution table, 95% corresponds with a z score of 1.645. Hence:
Answer:
The gross profit margin for the cat condo is 50%
Explanation:
Since the gross profit per unit is not given, so first we have to find it. The calculation is shown below:
= Selling price per unit - Direct materials cost per unit - direct labor costs per unit - Manufacturing overhead per unit
= $90 per unit - $15 per unit - $10 per unit - $20 per unit ( $10 per unit × 200%)
= $45 per unit
Now apply the Gross profit formula which is shown below:
= (Gross profit per unit ÷ selling price per unit) × 100
= ($45 per unit ÷ $90 per unit) × 100
= 50%
Answer:
B) why both discrepancies of quantity and assortment occur
Explanation:
The assortment and quantity of products that the publisher's customers want sometimes may be very different than the assortment and quantity that the companies would be willing to produce in order to lower its costs and increase its profits.
For example, the publisher would save money if it could print 10,000 books, but its clients only buy a few books at a time.
- Free entry and exit
- Homogeneous product
- Large buyers and sellers
- No artificial restrictions
- No transportation costs
- Perfect knowledge of prices and technology
