1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melisa1 [442]
3 years ago
6

The Turquoise Oasis Spa places orders for cases of bath salts through a nearby wholesaler. To summarize several orders worth of

data, it may prove beneficial to determine how many orders of bath salts were for 1 to 10 cases, between 11 and 20 cases, 21 to 30 cases, 31 to 40 cases, and more than 40 cases. This is an example of ________.
Business
1 answer:
mina [271]3 years ago
3 0

Answer:

grouping the data into bins

Explanation:

Grouping the data into bins-

It refers to the method of grouping the objects according to the classification, into different bins, is referred to as the method of grouping the data into bin.

From the given scenario of the question,

The Turquoise Oasis Spa, classify the orders into various bins, according to the cases 1 to 10 , 11 to 20... and so on, it helps to make the process faster and easy to perform.

Hence, the scenario of the question, is an example of grouping the data into bins.

You might be interested in
Suppose that two firms, A and B, are considering the same project. The project is in the same risk class as firm A's overall ope
mario62 [17]

Answer:

Firm A should accept the project beacause it has high required rate of return which means low risk involved.

Explanation:

Rate of return = risk free return + Beta ( market risk premium)

Firm A

rate of return = 0.045 + 1.2 (0.07)

= 0.045 + 0.084

= 12.9%

Firm B ;

 rate of return = 0.045 + 0.9(0.07)

= 0.045 + 0.063

= 10.8%

5 0
3 years ago
You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follows:
enot [183]

Answer:

a.  clinic's projected P&L statement.

Revenues                                  400,000

Less Expenses:

Wages and benefits               (220,000 )

Rent                                             (5,000 )

Depreciation                             (30,000 )

Utilities                                        (2,500 )

Medical supplies                      (50,000)

Administrative supplies            (10,000)

Net Income or (loss) before tax 182,500

Income tax at 30%                     (54,750)

Income or (loss)                          127,750

b. 9,184 visits

c. 12,125 visits

Explanation:

Fixed Costs = 220,000 + 5,000 + 30,000 + 2,500 + 54,750

                    = $312,250

Contribution = Sales - Variable Costs

                     = $400,000 - ($50,000+$10,000)

                     = $340,000

Contribution per unit = $340,000 / 10,000 visits

                                   = $34

Break even point = Fixed Costs / Contribution per unit

                             = $312,250 / $34

                             = 9,184 visits

Units for a Profit target = Fixed Costs + Target Profit / Contribution per unit

                                      = ($312,250 + $100,000) / $34

                                      = 12,125 visits

7 0
3 years ago
Seattle bank's start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branc
Setler79 [48]
<span>For a branch that processes 60,000 transactions, the total teller cost is $1.6 per transaction. At 70,000 transactions, the teller cost is $1.37 per transaction. At 80,000, it's $1.2, and at 90,000, it's $1.06. The teller cost is fixed, as it's always $96,000, but the transaction number is variable, as it changes.</span>
7 0
3 years ago
When first eliminating multiple choice answer choices, you should cross out answers that are silly or are impossible
Airida [17]

Answer:

True

.......

5 0
3 years ago
Why would multinationals be interested in setting up operations in mexico? give two reasons. would cultural differences be a maj
Darina [25.2K]
I would say that multinationals especially Canadian mining companies are anxious to set up operations in Mexico due to cheap labour, a government that favors foreign investment and rich mineral resources.
8 0
3 years ago
Other questions:
  • John is an investor who is looking at two opportunities. One has higher risk than the other. John is willing to invest in the hi
    10·1 answer
  • The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders
    12·1 answer
  • There are approximately 900,000 television households in the San Diego County market. During a Sunday afternoon in October, 50 p
    15·1 answer
  • the total estimated cost of attending a public year to year college is 2265. The cost of attending a college is expected to incr
    7·1 answer
  • Standlar Company makes wireless speakers. The standard model price is $360 and variable expenses are $210. The deluxe model pric
    7·1 answer
  • Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,1
    12·1 answer
  • Write a report on a trend in business that you’ve observed, and highlight at least the main finding. For example, from the risin
    9·1 answer
  • On average, do women spend more on haircuts than men? Someone took a random sample of men and women at UF and asked them how muc
    14·1 answer
  • Pls help me and merry Christmas
    5·2 answers
  • If a firm borrowed money on a six-month bank loan, the firm's working capital immediately after obtaining the loan, relative to
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!