<u>Solution and Explanation:</u>
P-chart to be used
Center line = total number of errors/(no of samples*sample size) = 40/(20*80) = 0.025 = p-bar
standard deviation = sqrt((p-bar*(1-p-bar))/sample size) = = sqrt ((0.025*(1-0.025))/80) = 0.017
UCL = p-bar + z*standard deviation = 0.025 plus 3 multiply 0.0174553 = 0.0773659
LCL = p-bar - z*standard deviation = 0.025 minus 3 mulitply 0.0174553 = -0.0273659 = 0 (Adjusted)
Defect proportion of sample 1 = 5/80 = 0.0625
Defect proportion of sample 2 = 8/80 = 0.1
Defect proportion of sample 3 = 6/80 = 0.075
The process is not in control as Defect proportion of sample 2 is not within the control limits
Answer:
c. $65.
Explanation:
The computation of the per hour opportunity cost is as follows:
= Per hour revenue - per hour variable cost
= $140 - $75
= $65
The fixed cost would not be considered as it is a sunk cost
Therefore the per hour opportunity cost is $65
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Multiple-step income statement for the year ending December 31, year 1
Sales $275,200
Cost of Goods Sold <u>($185,000)</u>
Gross Profit $90,200
Operating Expenses:
Administrative Expense ($35,000)
Selling expenses <u>($55,000)</u>
General Expense <u>($45,000)</u>
Operating Income ($44,800)
Non-Operating Revenue <u>$105,000</u>
Operating Income before tax $60,200
Income taxes <u>($25,000)</u>
Operating Income after Tax <u>$35,200</u>
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
True. They took a
gamble at the stocks and many borrowed money that could not returned as a
result, the market crashed and that led to the Great Depression where many
Americans began to struggle as jobs were cut and business were closed.
Answer:
A loyalty/reward program refers to prizes, discounts and other incentives that companies provide to their customers as art of aan strategy to encourage them to continue buying their products or services. Three key aspects that a company must consider when developing a successful loyalty/reward program are:
-Exclusivity because the customer has to feel that it is special to be part of the program and not that everyone gets the same benefits as the program won't provide any value for the customer.
-Customer knowledge because you need to understand your customers to make sure that the program would be relevant to them by appealing to their needs and desires.
-Contribution to the brand because you have to make sure that all the efforts support your brand as that is your image and the incentives offered have to provide value to it.
