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sergeinik [125]
3 years ago
12

Peter pine is doing his budget. he discovers that he has spent an average of $225.00 a month on entertainment for the year with

a standard deviation of $75.00. what percent of his monthly expenses for this category would he expect to fall between $60.00 and $390.00
Business
1 answer:
Olin [163]3 years ago
6 0

The z for $60.00 = -2.2

The percent of area associated with $60.00 = 48.6%

The z for $390.00 = 2.2

The percent of area associated with $390.00 = 48.6%

Adding the two percentages together, Peter calculates his answer to be: 97.2%

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Which of the following represents the correct order in which the indicated budget documents for a manufacturing company would be
Sonja [21]

Answer:

Explanation:

For representing the budgeted documents in the correct order, the following ordering should be required which is shown below:

1. Sales budget

2. Production budget

3. Direct materials budget

4. Direct labor budget

5. Selling and administrative expense budget

6. Cash budget,

7. The budgeted income statement,

8. Budgeted balance sheet

First, the company has to decide how much sale is to be done in a particular year after that company can decide the purchase amount, after that material, labor and other selling expenses are required.  

Then, the cash budget should be prepared which shows the cash inflow and cash outflow position of a business. At last, the Budgeted income statement and the Budgeted balance sheet should be prepared.

6 0
3 years ago
Consider the following data for two variables, x and y.
Firdavs [7]

There appear to be an influential observations in these data as the mean of the leverage value is 0.75.

<h3>How to calculate the mean?</h3>

From the data points given, the influential observation is observation 8. Here, the mean of the leverage value will be:

= 3 × 0.25 = 0.75

Also, the scatter diagram indicates influential observations as it's extreme to the x values.

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5 0
2 years ago
What is the practice of banks and mortgage lenders identifying high-risk areas (usually low-income or minority neighborhoods) an
Bogdan [553]

Answer:

redlining

Explanation:

Redlining is an illegal banking practice that focuses on neighborhoods that are mostly inhabited by minorities. The term redlining itself comes from the practice of marking neighborhoods on city maps with red lines to represent them as dangerous both for banking purposes and high crime rates.

Banks cannot directly deny a credit based on where you live, but they can charge very high interest rates that make them very difficult to pay, or simply ask for a lot of paperwork and more requirements than usual.

4 0
3 years ago
ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __________, returning the econo
Natasha2012 [34]

If increased government spending spurs a short-run expansion. The statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>

<h3>What is aggregate supply?</h3>

Aggregate supply can be defined as the overall amount of goods and service  that a firm intend to produce and supply at a point in  time or at a particular period of time.

If an increase in government spending lead to short run expansion this means that there will be shift in  aggregate supply of goods and service as aggregate supply will tend to shift to the left.


Therefore the statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>

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7 0
2 years ago
Continuing the analysis of Ginnie's Gym Refreshment Bar:
IrinaVladis [17]

The bundle prices for Hydration Power Drink and Satisfying Smoothie are given below.

<h3>What is Contribution Margin?</h3>

The contribution margin (CM), also known as the dollar contribution per unit, is the difference between the selling price and the variable cost per unit.

Because 100% is the best contribution margin, the closer the contribution margin is to 100%, the better. The greater the figure, the better a company's ability to meet its overhead expenditures with cash on hand.

The contribution margin =

Unit Margin (Profit) = Unit Revenue - Unit Variable Cost (Marginal Cost)

<h3>What is the bundle prices and Net Profit?</h3>

For Hydration Power Drink:

High 7 -1 = 6

Low: 6 - 1 = 5

Total = 11

For Satisfying Smoothie:

High: 10 -4 = 6

Low: 5-4 = 1

Total  = 7

High Bundle Price for both products:
6 + 6 = 12

Low Bundle price for both products:
5 + 1 = 6

From the above information, it is clear that the Bundle Price that will maximize profit is the High Bundle Price.

The product that will yield the most profit is: The Hydration Power Drink.

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7 0
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