All categories

4 years ago

Studnets in the new MBA class at a state university has the following specialization profile:

Business

1 answer:

Korvikt [17]4 years ago

5 0

Answer and Explanation:

a. The computation of the probability for a student either a finance or marketing major is shown below:

= Number of expected outcomes ÷ total number of outcomes

= (67 + 45) ÷ (67 + 45+ 51 + 18)

= 112 ÷ 181

= 0.6188

b. Now for mutually exclusive, we make the assumption that the none of the students has taken for multiple specializations also nothing is mentioned in the question

You might be interested in

How does the format of a memo differ from that of an e-mail? please answer asap

aivan3 [116]

Answer: Memos omit a closing signature.

(I took the test and this was the answer)

5 0

3 years ago

Lofty Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. Th

ella [17]

Answer:

$7,959 U

Explanation:

Calculation to determine what The activity variance for plane operating costs in August would be closest to

First step is to calculate the Planing budget

Planing budget =$39,590+$2,649*82+$4+294

Planing budget =$39,590+$217,218+$1,176

Planing budget =$257,984

Second step is to calculate the Flexible budget

Flexible budget=$39,590+$2,649*85+$4*297

Flexible budget=$39,590+$225,165+$1,188

Flexible budget=$265,943

Now let calculate the Activity Variance using this formula

Activity Variance=Planing budget-Flexible budget

Let plug in the formula

Activity Variance=$257,984-$265,943

Activity Variance=$7,959 U

Therefore The activity variance for plane operating costs in August would be closest to $7,959 U

8 0

3 years ago

Your grandpa 62 and asks you if he’s eligible to collect Social Security what do you tell him

ivann1987 [24]

Your answer should be B. !

8 0

3 years ago

All else being equal, does elastic or inelastic demand curve result in higher social surplus? How does elasticity of supply affe

disa [49]

Answer:

An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.

If a product's demand is completely inelastic, the supplier can increase the price at will, reducing consumer surplus to minimum levels. If a product's demand is completely elastic, then consumer surplus increases while supplier surplus is directly related to shifts in the demand. Higher demand increases supplier surplus.

7 0

4 years ago

Afirm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the period's sa

wlad13 [49]

Answer: Please refer to the explanation below for the full answer.

Explanation: The allowance for doubtful debts acts as a holding account for any accounts in the Accounts Receivable that might not be collected. In other words any accounts that are written off as bed debts will be removed from this account.

Reasons why this account can become very large in relation to the Accounts receivable are:

1. An incorrect or high percentage may be used to estimate accounts that may be written off as bad debts. This can lead to an unnecessarily high allowance for doubtful debts account.

2. There might be an error in the overall calculations done.

3. A large amount of old bad debts that have not been removed from this account may still be sitting in the account.

4. Fraud

7 0

3 years ago