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3 years ago

1.2.5 Quiz: Different Ways to Play

Business

1 answer:

sattari [20]3 years ago

8 0

Answer:

Property rights allow consumers and producers to make free choices .

Explanation:

A free market in an economic system is solely based on the market forces of demand and supply with minimum government intervention.

Property right is the authority of ownership that determines how a property can be put to an efficient use , thereby promoting efficiency.

This is necessary in a free - market system as it allows consumers and producer to make free choices , as the intervention of the government is at the minimal level.

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Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht

bezimeni [28]

Answer:

The probability that the project will finish in 16 months is 0.7.

Explanation:

From the data the mean time is given as $\mu=15$

The variance is given as $\sigma^2=4\\$

So the standard deviation is $\sigma=2\\$

Now the X is given as 16 so

Calculating the z score as

$z=\dfrac{x-\mu}{\sigma}\\z=\dfrac{16-15}{2}\\z=\dfrac{1}{2}=0.5$

So for the z score of 0.5 the probability is given in Excel as

=NORMSDIST(0.5)

=0.69 ≈0.7

So the probability that the project will finish in 16 months is 0.7.

3 0

3 years ago

Read 2 more answers

Towson Company manufactures book cases, and each requires 28 board feet of lumber. Towson expects that 2,000 and 1,850 book case

MissTica

Answer :

Number board feet of lumber = 54,530

Explanation :

As per the data given in the question,

Number board feet of lumber to buy in June = Number of units to be produced + Ending inventory required - Opening inventory needed

= (2,000 cases × 28 board feet of lumber per case) + (1,850 cases × 35% × 28 board feet to lumber per case) - (2,000 cases × 35% × 28 board feet of lumber per case)

=56,000 board feet + 18,130 board feet - 19,600 board feet

= 54,530 board feet of lumber

We simply applied the above formula

4 0

3 years ago

Is it easy to start or stop a mma investment

Ipatiy [6.2K]

It is easy to start a mma investment

5 0

3 years ago

Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th

Vlad [161]

Answer:

Adjusted cost of goods sold = = $237,500

Explanation:

Given Opening inventory = $57,000

Cost Of Manufacturing for the month = $214,500

Closing value of inventory = $30,500

Net cost of Goods sold = Opening + Manufactured - Closing

= $57,000 + $214,500 - $30,500 = $241,000

Provided actual manufacturing overhead = $56,500

Applied to Work in process = $60,000

Difference between both of them = $60,000 - $56,500 = $3,500

Over applied cost of goods manufacturing overhead = $3,500

Charged to cost of goods sold

Thus cost of goods sold = $241,000

Adjusted cost of goods sold = Normal - Over applied = $241,000 - $3,500 = $237,500

Over applied manufacturing overhead has already been closed to cost of goods sold, that means that cost is included, now for adjusting such amount the value shall be deducted from cost of goods sold.

Final Answer

Adjusted cost of goods sold = Normal - Over applied = $241,000 - $3,500 = $237,500

6 0

3 years ago

A grain elevator operator bought a futures contract for 5,000 kilograms of rice at $1.50 per kilogram. The initial margin is $4,

Inessa05 [86]

Answer:

Given that,

Operator bought a futures contract = 5,000 kilograms of rice at $1.50 per kilogram

Initial margin = $4,000

Maintenance margin = $2,000

(a)

(i) Balance of Margin = Initial margin - maintenance margin

= $4,000 - $2,000

= $2,000 (loss)

(ii) Change in price = $\frac{2,000}{5,000}$

= $0.40

(b) Price per kilogram = Current price - Change in Price

= $1.50 - $0.40

= $1.10

So, change price per kg is $1.10

(c) Balance of Margin = Initial margin - maintenance margin

= $4,000 + $2,000

= $6,000 (loss)

Change in price = $\frac{2,000}{5,000}$

= $0.40

(d) Price per kg = Current price - change in price

= $1.50 + $0.40

= $1.90

3 0

3 years ago