1. Formulate a unique business idea and state the mission and vision statements

LYZ sells product P for $40 per unit. The cost of one unit of P is $36, and the replacement cost is $35. The estimated cost to d

Aleks04 [339]

Answer:

B. $32

Explanation:

3 0

3 years ago

Let x be per capita income in thousands of dollars. Let y be the number of medical doctors per 10,000 residents. Six small citie

MAVERICK [17]

Answer:

The percentage of variation esplained by the model is given by the determination coefficient, on this case:

$R^2 = 0.934^2 =0.872$

And we have 87.2% of the variation explained by the linear model given.

$\hat y = 5.756(8.5) -36.895=12.031$

And we have 12.031 doctors per 10000 residents.

Explanation:

Assuming the following dataset:

x y

8.6 9.6

9.3 18.5

10.1 20.9

8.0 10.2

8.3 11.4

8.7 13.1

Assuming this question: "The data has a correlation coefficient of r = 0.934. Calculate the regression line for this data. What percentage ofvariation is explained by the regression line? Predict the number of doctors per 10,000 residents in a town with a per capita income of $8500."

We want a linear model like this:

$y = mx +b$

Where m represent the slope and b the intercept for the linear model. And we cna find the slope and b with the following formulas:

$m = \frac{n \sum xy - \sum x \sum y}{n \sum x^2 -(\sum x)^2}$

$b = \frac{\sum y}{n} -m \frac{\sum x}{n}$

And from the dataset we have the following values:

$n= 6, \sum x =53, \sum y = 83.7 , \sum xy = 755.89, \sum x^2 = 471.04$

And replacing into the equation for m we got:

$m =\frac{6(755.89) - (53)(83.7)}{6(471.04) -(53)^2}=5.756$

And the intercept:

$b = \frac{83.7}{6}-36.895 5.756 \frac{53}{6}=-36.895$

And then the linear model is given by:

$\hat y = 5.756 x -36.895$

We can find the estimation replacing x = 8.5 into the linear model and we got:

$\hat y = 5.756(8.5) -36.895=12.031$

And we have 12.031 doctors per 10000 residents.

The percentage of variation esplained by the model is given by the determination coefficient, on this case:

$R^2 = 0.934^2 =0.872$

And we have 87.2% of the variation explained by the linear model given.

4 0

3 years ago

Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 millio

kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

6 0

3 years ago

1. Poverty is more than an economic problem, its a source of social discontent and political________; However, economic ________

horrorfan [7]

Poverty is more than an economic problem, it is a source of social discontent and political unrest; economic development has reduced the proportion of people living below the poverty line.

<h3>What is poverty?</h3>

Poverty is shown as a deficiency of money and profitable resources to support long-term survival.

Hunger and starvation, restricted access to education and other basic services, social prejudice and exclusion, and a disinterest in decision-making are all examples of its expressions.

Poverty is a cause of social dissatisfaction and political upheaval; economic development has lowered the amount of people living in poverty.

Therefore, the poverty is a very big problem than the economic problem.

Learn more about the poverty, refer to:

brainly.com/question/10645433

#SPJ1

8 0

2 years ago

Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,

ella [17]

Answer:

a. $20.00

b. $28,75

Explanation:

Find the total incremental costs to satisfy the special order and add $2.00 profit (because we are aiming for a profit not to just break-even).

<u>Calculation of Total Incremental Unit Costs</u>

Direct materials $6 .00

Direct labor $4.00

Variable Overheads (2/3 × $9) $6.00

Shipping Cost $2.00

Total Incremental Unit Cost $18.00

<em>Add</em> Profit Element $2.00

Unit Selling Price for the Special Order $20.00

In this case no changes will occur on fixed overheads, hence it is irrelevant.

<u>Calculation of Desired Net Operating Income</u>

Sales ($28 × 160,000 units) $4,480,000

Less Product Costs :

Direct materials ($6 .00 × 160,000 units) ($960,000)

Direct labor ($4.00 × 160,000 units) ($640,000)

Variable Overheads ($6.00 × 160,000 units) ($960,000)

Fixed Overheads ($3.00 × 160,000 units) ($480,000)

Current Operating Income $1,440,000

Add Desired Increase in Operating Income $60,000

Desired Operating Income $1,500,000

Unit Profit = $1,500,000 ÷ 160,000 units

= $9.375

Unit Profit = Unit Selling Price - Total Unit Costs - Unit Incremental Profit

therefore,

Unit Selling Price = Unit Profit + Total Unit Costs + Unit Incremental Profit

= $9.375 + $19.00 + $0.375

= $28,75

5 0

3 years ago