4) Identify the elements that are necessary to make a contract valid

mojhsa [17]

Answer:

The answer is below

Explanation:

Probability distribution are statistical function that shows all the possible outcomes of a random variable within a given range of values.

a) The mean ( $\bar x$ ) of a probability distribution of a discrete random variable is:

$\bar x=\Sigma\ [xP(x)]$ = (0 * 0.8) + (1 * 0.15) + (2 * 0.04) + (3 * 0.01) = 0.26

b) The standard deviation (σ) of a probability distribution of a discrete random variable is:

$\sigma=\sqrt{ \Sigma\ [(x-\bar x)^2*P(x)]}\\\\\sigma=\sqrt{(0-0.26)^2*0.8+(1-0.26)^2*0.15+(2-0.26)^2*0.04+(3-0.26)^2*0.01} \\\\\sigma=0.577$

7 0

3 years ago

Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

Finally, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0

3 years ago

The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called a(n) ___________

mel-nik [20]

The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called .. Ledger.

8 0

3 years ago

Janice has car insurance that she must pay four times a year. If each payment is $156, how much money should she set aside each

Lunna [17]

Answer:

Cheap Florida Auto Insurance. Low Rates from $53.99 / Month!

Explanation:

3 0

3 years ago

olsan Technologies had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,

Effectus [21]

Answer:

$1,901,385

Explanation:

First unit produced by lambda took 5,000 hours to produce and required $30,000 worth of materials and equipment usage.

The second unit took 4,500 hours and used $24,000 worth of materials and equipment usage.

learning rate = time needed to produce second unit / time needed to produce first unit = 4,500 hours / 5,000 hours = 90%

materials and equipment usage rate = $24,000 / $30,000 = 80%

using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:

Olsan's accumulated cost for producing 20 more guidance controls

work hours = 4,500 x 14.61 (90% and 20 units) x $25 per hour = $1,643,625
materials and equipment = $24,000 x 10.74 (95% and 20 units) = $257,760
total = $1,901,385

5 0

2 years ago