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3 years ago

What is the answer to number 2?

Business

1 answer:

KiRa [710]3 years ago

8 0

Answer:

$6.9

Explanation:

If gallon of milk cost 1.12 in 1970, we can calculate the expected price in 2009 per gallon of milk using the proportion below:

2009 price/214.5 = $1.12/38.8

=>Find the expected price of 2009 by cross multiplying

38.8 × 2009 price = 1.12 × 214.5

38.8 × 2009 price = 240.24

=>Divide both sides by 38.8

2009 price = 240.24/38.8

2009 price = 6.19175258 ≈ 6.19

Expected price of gallon of milk in 2009 = $6.19

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Flauer [41]

Answer:

The Journal entries are as follows:

(a) On August 2,

Stock Dividends A/c (1,500,000 × $70 × 4%) Dr. 4,200,000

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(To record the stock dividend)

(b) On September 15,

No entry required

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3 years ago

One of the lessons that we learned from the Ford Pinto case was that:_________

Oksi-84 [34.3K]

Answer: option 3

Explanation:

Background to the case:

The cases involving the explosion of Ford Pinto's due to a defective fuel system design led to the debate of many issues, most centering around the use by Ford of a cost-benefit analysis and the ethics surrounding its decision not to upgrade the fuel system based on this analysis.

Basis of analysis:

Should a risk/benefit analysis be used in situations where a defect in manufacturing could lead to seriously bodily harm and even worse death, such as in the Ford Pinto situation?

Rule of the court:

There hasn’t really been a definite decision about the case and arguments both for and against such an analysis have been made. It is an economically efficient method which has been accepted by courts for numerous years, however, juries may not always agree, so companies should take this into account.

Discretion is expected to be used.

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3 years ago

To estimate the average time taken to complete the Stat 121 final exam, instructors randomly selected 150 students that had prev

Sidana [21]

Answer:

The population mean

Explanation:

The confidence interval gives the probability that a certain population parametwr falls in between a pair values based on the given sample mean and a stated confidence level.

The confidence interval ; (98, 142) gives the pair of interval in which the population mean time taken in stat 121 finals at 98% level of confidence.

Hence, we can be 98% confident that the the population parameter would fall within 98 and 142.

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3 years ago

Muddy’s Bakery and Lilly’s Sweetshop both sell cupcakes. The market price of one chocolate cupcake is $2.50. Muddy’s is willing

Minchanka [31]

Answer:

$1.6

Explanation:

Muddy´s: $2.5-$1.65=0.85

Lilly´s_ $2.5-$1.75=0.75

0.85+0.75=1.6

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4 years ago

Which of the following is not included in Michael Porter's Five Forces Model? a. Cost Leadership b. Supplier Power c. Threat of

grigory [225]

Answer:

a. Cost Leadership

Explanation:

Porter five forces of the model refers to the rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.

The competition between rivals deals with the competitors ' strengths and weaknesses so that the business does the planning appropriately.

The supplier's bargaining power indicated that the shift in the price of the product caused by the supplier's offer and the consumer is motivated to the product as the product is special which affects the overall profit

The buyer's bargaining power relates with the number of buyers and how many orders a single buyer places.

The threat of new entrants will affect the company's total position if the competitor comes on the market.

The threat of substitution is an alternate way of producing the goods and services that can also weaken your position and have a direct impact on profitability.

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3 years ago