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
mote1985 [20]
2 years ago
5

If we have (ratio data that is positively skewed, such as u.s. household incomes, which measure of central tendency is most appr

opriate?
Business
1 answer:
zvonat [6]2 years ago
4 0
There are three measures of tendency mainly the mean, median and mode. The most appropriate central tendency to be used is the median as it is not so much affected by outliers and skewed data whereas the mean is much affected to. Also, the median is not much affected by frequent data scores in a given set whereas data multiple frequent data scores are affected by the mode. 
You might be interested in
Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of machine A was $400 000, plus GST, and of machine B,
PolarNik [594]

Answer:

Explanation:هاي

7 0
2 years ago
Gerald is assessing global entry strategies for his gourmet sandwich business. He doesn't want to take much risk, and he's willi
vitfil [10]

Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.

Select one:

a. direct investment

b. franchising

c. exporting

d. joint venture

e. strategic alliance

Answer:

b. franchising

Explanation:

For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.

Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers .

7 0
3 years ago
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
Arisa [49]

Answer:

Wingate Company

1. A Contribution Format Income Statement for divisions:

2a. Increase monthly advertising for the West Division by $28,000 to increase its sales by 12%

                                    East          Central        West          Total

Sales                   $412,000  $670,000   $520,000 $1,602,000

Variable exp.         181,280     207,700      166,400      555,380

Contribution

          margin    $230,720    462,300    353,600    1,046,620

Fixed expenses  290,000    332,000     191,000       813,000

Non-Traceable

    Fixed Expenses                                                       338,000

Net operating Income

  (loss)               ($59,280)  $130,300  $162,600   ($104,380)

2b. How much Company's Net Operating Income Increase (Decrease) with the implementation of the above Proposal:

Net operating income before advert = $162,600

Division's net operating income after advert = $160,366

Therefore, the company's net operating loss will increase by $2,234

Explanation:

a) Wingate Company's recent monthly contribution format Income Statement:

Sales                                    $ 1,602,000

Variable expenses                    555,380

Contribution margin               1,046,620

Fixed expenses                        1,151,000

Net operating income (loss) $ (104,380)

b) Division West's Income Statement:

Sales                                 $582,400 ($520,000 x 1.12)

Variable expenses             203,034  ($181,280 x 1.12)

Contribution margin        $379,366

Fixed Expenses                 219,000 ($191,000 + 28,000)

Net Operating Income    $160,366

c) If sales value increases by 12%, the variable expenses will increase proportionately, unless there is an increase in the price, which will ultimately reduce demand, further depressing the sales value.  This is why it is called Variable Cost.  Therefore, a different result will be obtainable if the variable expenses are held constant, contrary to its behavior.

4 0
3 years ago
Coronado Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures w
lubasha [3.4K]

Answer:

Coronado Industries

The weighted-average accumulated expenditures are:

= $8,388,333.

Explanation:

a) Data and Calculations:

Amount borrowed on June 1 = $3,170,000

Interest rate = 13%

Outstanding 11% 3-year note payable = $6,350,000

Outstanding 12% 4-year note payable = $12,350,000

Date               Expenditure      Weight     Weighted-Average

                                                                       Expenditure

March 1          $6,370,000         10/12                $5,308,333

June 1            $5,280,000          7/12                  3,080,000

December 31 $8,650,000         0/12                    0

Weighted-average accumulated expenditure $8,388,333

7 0
2 years ago
A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou
tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

7 0
3 years ago
Other questions:
  • Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's product
    13·1 answer
  • Ratio analysis:___________.
    11·1 answer
  • QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2014: Cost of goods sold was
    12·1 answer
  • On September 1, Year 1, West Company borrowed $50,000 from Valley Bank. West agreed to pay interest annually at the rate of 6% p
    8·1 answer
  • Which of the following was the result on appeal in Securities and Exchange Commission v. Texas Gulf Sulphur Co, the case in the
    5·1 answer
  • Who lowered interest rates on government bonds in order to create a fund to pay an annual sum to the survivors of the emigres wh
    5·1 answer
  • Kaspar Industries expects credit sales for January, February, and March to be $205,100, $263,100, and $314,500, respectively. It
    11·1 answer
  • On March 31, 2021, Top Notch Goods committed to a plan to sell machinery equipment. The machinery equipment was available for im
    13·1 answer
  • the burning of candle stick is a good example of ____change .(a) temporary (b) permanent (c) conditionally​
    5·1 answer
  • Fixed overhead was budgeted at $200,000, and 25,000 direct labor hours were budgeted. If the fixed overhead volume variance was
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!