Answer:
The average unit cost per unit =$6.455 per unit
Explanation:
The average unit cost is the sum of he cost of opening inventory and purchase for the period divided by the total units for the period
Average Unit cost=
$((3,000 × 5) + (8,000× 7))/(3000+8000) units
=$ 71000/11,000 units
=
$6.455 per unit
The average unit cost per unit =$6.455 per unit
Answer:
<h2>In this case,the correct answer is the first option given in the answer choice or options or You will get charged high interest.</h2>
Explanation:
- An use of credit card to finance purchases enables the consumers or buyers to make post consumption or purchase payments thereby, providing the convenience of stress free shopping for them.
- However, the credit card companies or financial institutions issuing credit cards can issue high interest rates that the consumers or buyers are liable to pay along with the due balance on any purchase or consumption made through credit card payments within a certain period of time.
- The determination of interest rates on credit cards basically depends on multitude of factors such as individual purchase limits on the card, the personal credit history and performance of individual consumers or buyers, previous payment records and history of the concerned customer, the overall ability of the customers to make timely repayments on any credit card purchase along with respective interest rates and so forth. Hence, high interest rates indicates higher repayments on credit card payments which can deter customers to avail credit cards.
Answer:
Each will receive:
Gary: $ 16,400
Bill: $24,600
Carmella: $ 41,000
Explanation:
The profit is shared according to the ratios of their investment as per below calculations:
Gary: $82,000×2/10 = 16,400
Bill: $82,000*3/10 = 24,600
Carmella $82,000 *5/10 = 41,000
Answer:
The manufacturer should announce a guaranteed mileage of 44528 miles
Explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:
![Z = \frac{X - \mu}{\sigma}](https://tex.z-dn.net/?f=Z%20%3D%20%5Cfrac%7BX%20-%20%5Cmu%7D%7B%5Csigma%7D)
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
![\mu = 47900, \sigma = 2050](https://tex.z-dn.net/?f=%5Cmu%20%3D%2047900%2C%20%5Csigma%20%3D%202050)
What guaranteed mileage should the manufacturer announce
Only until the 5th percentile will have to be replaced, which is the value of X when Z has a pvalue of 0.05. So it is X when Z = -1.645.
![Z = \frac{X - \mu}{\sigma}](https://tex.z-dn.net/?f=Z%20%3D%20%5Cfrac%7BX%20-%20%5Cmu%7D%7B%5Csigma%7D)
![-1.645 = \frac{X - 47900}{2050}](https://tex.z-dn.net/?f=-1.645%20%3D%20%5Cfrac%7BX%20-%2047900%7D%7B2050%7D)
![X - 47900 = -1.645*2050](https://tex.z-dn.net/?f=X%20-%2047900%20%3D%20-1.645%2A2050)
![X = 44528](https://tex.z-dn.net/?f=X%20%3D%2044528)
The manufacturer should announce a guaranteed mileage of 44528 miles
Answer:
The factory's overhead cost is $8,500
Explanation:
First, you have to know what an overhead cost is; An overhead cost is the cost incurred in production that is not direct labor, direct material cost or all direct expenses on production. In this case, let us identify all the direct costs involved in production;
indirect labor = $6,500
property taxes on production = $800
heat, light and power = $1,000
insurance on plant equipment = $200
Therefore, total overhead cost = 6,500 + 800 + 1,000 + 200 = $8,500.