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GREYUIT [131]
3 years ago
10

The weekly incomes of shift foreman for a given industry follow a normal probability distribution. With a mean of $1,000 and a s

tandard deviation of $100, what is the z-value for the income (called X) of a foreman who earns $1100 per week? For a foreman who earns $900 per week? In words, what do your results indicate?
Business
1 answer:
mylen [45]3 years ago
4 0

Answer:

There is a 0.2419% for a foreman to earn either $1,100 or $900

Explanation:

We calculate the probability of a normal distribution of 0;1

(X-mean)/deviation = Z

(1,100 - 1,000)/100 = 100/100 = 1

900 - 1,00/100 = -100/100 = -1

Given the zame Z value, we have the same probability of a foreman to earn 1,100 or 900

As we are asked for the foreman salary, wewill calcualte the Z for non cumulative, just the probability of a foreman to earn 1,100 or 900 dollars.

We look into the normal distribution table for the value of z = -1 or 1

0.002419707  = 0.2419%

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The Perry Corporation recorded the following budgeted and actual information relating to fixed overhead costs for its Z-Line of
steposvetlana [31]

Answer:

Volume variance= $1,800 unfavorable

Explanation:

Giving the following information:

Standard fixed overhead per direct labor hour $3​

Standard direct labor hours per unit 0.75​

Budgeted production 3100​

Budgeted fixed overhead costs $6975.00​ ​ ​

Actual production in units 3900​

Actual fixed overhead costs incurred $2200.00​

To calculate the fixed overhead volume variance, we need to use the following formula:

Volume variance= budgeted fixed overhead - fixed overhead applied

Volume variance= 6,975 - [3*(3,900*0.75)]

Volume variance= 6,975 - 8,775= $1,800 unfavorable

8 0
2 years ago
The market capitalization treasure on the stock of flex steel company is 12%. the expected ROE is 13% and the expected EPS are 3
VLD [36.1K]

Answer:

a. ROE (r) = 13% = 0.13

EPS = $3.60

Expected dividend (D1) = 50% x $3.60 = $1.80

Plowback ratio (b) = 50% = 0.50

Cost of equity (ke) = 12% = 0.12

Growth rate = r x b

Growth rate = 0.13 x 0.50 = 0.065

Po= D1/Ke-g

Po = $1.80/0.12-0.065

Po = $1.80/0.055

Po = $32.73

P/E ratio = <u>Current market price per share</u>

                  Earnings per share

P/E ratio = <u>$32.73</u>

                 $3.60

P/E ratio = 9.09        

b.  ER(S) = Rf + β(Rm - Rf)

    ER(S) = 5 + 1.2(13 - 5)

    ER(S) = 5 + 9.6

    ER(S) = 14.6%

                                                                                                                                                                                                                                                                                                                                                                                     

Explanation:

In the first part of the question, there is need to calculate the expected dividend, which is dividend pay-our ratio of 50% multiplied by earnings per share. We also need to calculate the growth rate, which is plowback ratio multiplied by ROE. Then, we will calculate the current market price, which equals expected dividend divided by the difference between return on stock (Ke) and growth rate. Finally, the price-earnings ratio is calculated as current market price per share divided by earnings per share.

In the second part of the question, Cost of equity (return on stock) is a function of risk-free rate plus beta multiplied by market risk-premium. Market risk premium is market return minus risk-free rate.

8 0
3 years ago
The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of
garik1379 [7]

If the monetary incentives to make music go away, fewer people will be interested in pursuing musing.  

6 0
2 years ago
Below is a demand curve for DVDs for a monopoly currently producing at point
Finger [1]
The decrease is a simple 2 dollars that is easy to find out. The demand is decreasing, as is the price to keep the demand atleast a bit steady. The decrease is a 12.5% of the total cash recieved.
4 0
3 years ago
Read 2 more answers
The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them a
olga nikolaevna [1]

The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them are part of the consumers

<h3>Who are the consumers?</h3>

Consumers are known as the end users of any produced goods and services. They are crucial in the logistics chain in order to keep production running.

They are the set of individuals that want goods and services for their daily use and consumption purposes.

Learn more on consumers here: brainly.com/question/1213062

#SPJ12

4 0
2 years ago
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