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Vera_Pavlovna [14]
3 years ago
10

The distribution of 27 salaries at a small company has mean $35,000 and standard deviation $2,000. Suppose the company hires a 2

8th employee at a salary of $120,000. Which of the following claims about the new salary distribution is supported? a. The median is not likely to change. b. The range is not likely to change. c. The mean is likely to increase.
Business
1 answer:
bonufazy [111]3 years ago
7 0

Answer:

Correct option is (c)

Explanation:

Mean is the average of values in a data set. Range is the difference between highest and lowest values in the data set and median is the mid point (value) that separates lower and higher values in a data set.

If a data point is added, in this case 28th employee is added, definitely mean will change. If data point higher than existing mean is added,  then mean will increase. Median and range may or may not change depending on the value added or removed.

In this case, mean is likely to increase since 28th employee's salary is more than existing mean.

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Select the correct statement regarding break-even point analysis.
svetoff [14.1K]

Answer:

Option B is true.

Explanation:

Giving the following information:

The break-even point in units formula is:

Break-even point= fixed costs/ contribution margin

What changes the break-even point:

A variation in fixed costs.

A variation on the selling price.

A variation in the unitary variable cost.

<u>The higher the fixed costs, the higher the number of units. Lower the contribution margin, the higher the number of units.</u>

Therefore:

a. An increase in contribution margin per unit causes the break-even point in units to increase. False, is the opposite.

b. An increase in fixed costs causes the break-even point to increase. True, now the organization needs to sell more units to cover the fixed costs.

c. The break-even point in sales dollars equals total fixed costs divided by contribution margin per unit. False, in dollars you need to divide it for the contribution margin ratio (contribution margin / selling price).

d. A decrease in the variable cost per unit causes the break-even point in units to increase. False, is the opposite.

3 0
4 years ago
For Hair Salon<br><br> How much funding do you think you need to run your business for 1 year? Why?
ad-work [718]

Answer:

100,000 for a building and expect to have an extra 40,000 for hair equipment.

Explanation:

Honesty there will be a difference depending on where you live. But even small office space can range from 100,000 to 600,000 and keep in mind that you will need to have anywhere from 40,000 to 250,000 for any hair equipment. Staring a business is not cheap but most people try to start their business off at home they work their way up the ladder to success.  

Hope this helps and good luck!

3 0
3 years ago
The news division of WEXS Channel 10 wanted to hire a new morning news anchor. As part of the interview process, candidates were
jolli1 [7]

Answer:B

Explanation: The WEXS Channel 10 wanted to see how well the candidates would perform with a story that was given to them.

5 0
3 years ago
Abigail is a manager at her company. The company just launched an initiative to improve its corporate citizenship practices. Abi
choli [55]

Answer:

The correct answer is (C)

Explanation:

The company has launched an initiative to improve cooperate citizenship and Abigail as a manager is responsible for various operations such as shareholders interest, transparency and integrity of customers. The job of a manager is tough and it requires tremendous amour of effort. Likewise, a manager is not responsible for the vigilance of the board of directors because they are on their own and she has no authority over them.

3 0
3 years ago
Zwick company bought 28,000 shares of the voting common stock of handy corporation in january 2018. in december, handy announced
OLEGan [10]

Answer:

Zwick company's dividend revenue from Handy corporation in December 2018 would be = $280,000

Explanation:

Since Zwick company has bought 28,000 shares of Handy Corp. and Handy has announced a cash dividend of $10 per share. We will calculate Zwick company's dividend revenue would be,

Dividend revenue = ownership shares x dividend per share

Dividend revenue = 28,000 shares x $10 per share = $280,000

5 0
3 years ago
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