Your question is not complete but from the information I sourced for, there are total 660 families and 412 families claimed they would buy ecolabeled apples.
Answer:
0.6242 fraction of families claim they will buy ecolabeled apples
Explanation:
When a binary variable ecobuy is defined such that ecobuy = 1 if ecolbs > 0 else ecobuy = 0.
Out of 660 families, there are 412 families who claimed they would buy ecolabeled apples.
The fraction of families who claim they would buy ecolabeled apples is therefore calculated as follows; 412/660 = 0.6242 fraction of families.
In percentage; 0.6242*100 = 62.42% of families.
That means 62.4242% of families claimed they would buy ecolabeled apples.
D) expenses for a birthday party
Answer:
A.$13,000
Explanation:
The computation of ending balance is shown below:-
Factory overhead = $24,000 × 50%
= $12,000
Total cost = Direct material + Direct labor + Factory overhead + Current period cost + Opening work in progress
= $76,000 + $24,000 + $12,000 + $10,000
= $122,000
Ending work in progress = Total cost - Cost of units transferred
= $122,000 - $109,000
= $13,000
Answer:
<u>Contribution Margin Income Statement for the year end MM DD, YY</u>
$ $
Sales revenue ($100 per unit) 66,000
Less: Variable Cost
Less cost of goods sold ($56 per unit) 36,960
Commissions expense ($6 per unit) 3,960
Shipping expense ($3 per unit) <u> 1,980 </u>
<u> 42,900 </u>
Contribution Margin 23,100
Less: Fixed Cost
Salaries expense 7,900
Advertising expense <u> 5,800 </u>
<u> 13,700 </u>
Net Income <u> 9,400</u>
Answer:
Results are below.
Explanation:
Giving the following information:
Inflation rate= 7%
Real rate of return= 10%
Present value (PV)= $10,000
Number of periods (n)= 10 years
<u>The real rate of return incorporates the effect of the inflation rate. Therefore, the nominal rate of return:</u>
Nominal rate of return= 0.1 + 0.07= 17%
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 10,000*(1.17^10)
FV= $48,068.28
This is the n<u>ominal valu</u>e received after ten years.
<u>If Sally wants to determine the real value of the investment after 10 years, we must use the real rate of return:</u>
<u></u>
FV= 10,000*(1.1^10)
FV=$25,937.42
