Well if you want to know that you have to do this:
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Margin per chair = $80
Machine hours to produce 1 chair = 2 hours
Multiply: 80 x 2 = 160
Deluxe Chair: 160
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Margin per chair = $90
Machine hours to produce 1 chair = 4 hours
Multiply: 90 x 4 = 320
Executive Chair: 320
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Contribution Margin: $90 and $80
Add: 90 + 80 = 170
Contribution Margin: $170
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Machine Hours: 2 and 4
Add: 2 + 4 = 6
Machine Hours: 6 hours
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So, their is $170 contribution margin per 6 hours.
Hope this helps XD
The four dimensions of statistical thinking, according to Wild & Pfannkuch are an investigative cycle, styles of thinking, an interrogative cycle, and dispositions. The four dimensions are simultaneously active within the thinker and incorporate both general and specific statistical thinking tendencies. Describe the four statistical reasoning/thinking dimensions that are used in statistical investigation.
* Give and describe a concrete example of how the four-step method was applied in a managerial decision-making process. Please apply the four dimensions of statistical reasoning from Wild and Pfankuch .
* Why is having a representative sample rather than a random sample not more crucial for drawing accurate conclusions about a diverse population?
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Answer:
Include all incremental and opportunity costs
Explanation:
Incremental cash flows from a project is usually said to be a firms cash flows with the project minus firms cash flows without the project. It includes the sales captured from the firm's competitors, incremental sales brought to the firm as a whole, retained sales that would have been lost to new competing products.
Opportunity costs are included as incremental costs when evaluating capital projects because they directly relates to a project, and theexpenses that are incurred in oder to improve a firm's production facility in order to invest in a project, investments in working capital that is related to a project in a direct way.
This is a kind of economic policy used to contest inflation which includes decreasing the money supply in order to raise the cost of borrowing which in order decreases GDP and reduces inflation. This leads to disinflation and creates the short-run Phillips curve move to the left. So the answer is A.
Answer:
Jarrod exclude from his gross income of $13,500
Explanation:
The following items which are excluded from the gross income are:
1. Tuition = $12,000
2. Books and supplies = $1,500
The total amount would be equal to
= $12,000 + $1,500
= $13,500
These items would be excluded because the deduction is allowed for these items. Whereas, the room and personal expenses are taxable. Hence, it would be included in the gross income
