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3 years ago

Let the random variable Z follow a standard normal distribution.

Business

1 answer:

Bas_tet [7]3 years ago

8 0

Answer:

(a) z = 0.53

(b) z -0.67

(d) z = 0.26

Explanation:

A standard normal distribution has mean 0 and standard deviation 1.

(a)

Compute the value of z for P (Z < z) = 0.70 as follows:

Consider the standard normal table for the value of z.

The value of z is 0.53.

(b)

Compute the value of z for P (Z < z) = 0.25 as follows:

Consider the standard normal table for the value of z.

The value of z is -0.67.

(c)

Compute the value of z for P (Z > z) = 0.20 as follows:

P (Z > z) = 0.20

1 - P (Z < z) = 0.20

P (Z < z) = 0.80

Consider the standard normal table for the value of z.

The value of z is -0.84.

(d)

Compute the value of z for P (Z > z) = 0.60 as follows:

P (Z > z) = 0.60

1 - P (Z < z) = 0.60

P (Z < z) = 0.40

Consider the standard normal table for the value of z.

The value of z is 0.26.

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Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year

BARSIC [14]

Answer:

20,000

Explanation:

Only rented house is counted as per gdp

4 0

3 years ago

Titon Sports, which produces footballs, has two departments: cutting and stitching. Footballs that have undergone the cutting pr

zhenek [66]

Answer:

We find the equivalent units for both Weighted Average Method and FIFO separately for cost calculations . These are given along as required.

Explanation:

Titon Sports

Equivalent Units

Weighted Average Method

Particulars Units % of Completion Equivalent Units

Materials --Conversion Materials --Conversion

Completed and

Transferred 52,000 100% 100% 52,000 52,000

Ending work

in process 21,500 0% 20% Zero 4300

Equivalent Units 52,000 56,300 

Particulars Units % of Completion Equivalent Units

Transferred In Transferred In

Completed and

Transferred 52,000 100% 52,000

Ending work

in process 21,500 100% 21,500

Equivalent Units 73500

Particulars  Transferred In Materials Conversion Total

Costs

Beginning WIP $ 45,360 $0 $17,660

Total costs added $154,560 $28,080 $89,310

Total Costs 199920 $28,080 106970  $334970

b. Conversion cost per equivalent unit during March

Total Conversion Costs/ Total Equivalent Units Conversion

= 106970/56,300 = $1.9 per Equivalent Unit

Materials cost per equivalent unit during March

Total Materials Costs/ Total Equivalent Units Materials

= 28080/52000 = $ 0.54 per Equivalent Unit

Transferred In cost per equivalent unit during March

Total Transferred In Costs / Total Transferred In Units

= 199920 / 73500 = 2.72

C. Cost Assigned To Transferred Out Goods $ 268,320

Materials = 52,000*0.54= $ 28080

Conversion = 52,000* 1.9= 98800

Transferred in Units = 2.72 * 52000= 141440

Cost Assigned To Ending Work In Process $66650

Conversion = 4300* 1.9= 8170

Transferred in Units = 2.72 * 21500= 58,480

C. Total Costs Assigned = Transferred Out + Ending = $334970

d. Conversion cost assigned to the ending work in process: $8170

Conversion = 4300* 1.9= 8170

We see the difference between the weighted average and FIFO method is that the FIFO method only accounts for the current period costs not the total the costs.Where as the weighted method includes all the costs from preceeding department and also current costs.

e.Titon Sports

Equivalent Units

FIFO Method

Particulars Units % of Completion Equivalent Units

Materials --Conversion Materials --Conversion

Completed and

Transferred 52,000 100% 100% 52,000 52,000

Ending work

in process 21,500 0% 20% Zero 4300

Less

Beg. WIP 17500 0% 60% Zero 10500

Equivalent Units 52,000 45,800 

Particulars Units % of Completion Equivalent Units

Transferred In Transferred In

Completed and

Transferred 52,000 100% 52,000

Ending work

in process 21,500 100% 21,500

Less

Beg. WIP 17500 100% 17500

Equivalent Units 56000

f. Materials cost per equivalent unit during March (FIFO)

Total Materials Costs/ Total Equivalent Units Materials

= 28080/52000 = $ 0.54 per Equivalent Unit

g. Cost Assigned To WORK In Process (FIFO) $ 8385

Conversion cost per equivalent unit during March

Total Conversion Costs/ Total Equivalent Units Conversion

= 89310/ 45,800 = $1.95 per Equivalent Unit

Conversion = 4300* 1.95= $ 8385

h. Cost Assigned To Transferred Out Goods $ 273,000

Materials = 52,000*0.54= $ 28080

Conversion = 52,000* 1.95= 101,400

Transferred In cost per equivalent unit during March

Total Transferred In Costs / Total Transferred In Units

= 154560 / 56,000 = 2.76

Transferred in Units Costs = 2.76 * 52000= 143520

8 0

3 years ago

On January 1, 2021, Cori Ander Herbs granted restricted stock units (RSUs) representing 300,000 of its $1 par common shares to e

Anna [14]

Answer: $1,288,000

Explanation:

The amount should the company record as compensation expense for the year ended December 31, 2022 will be calculated thus

Number of RSUs = 300,000

Market price of shares = $14

Term of RSUs = 3 years

The compensation expense for year 1 which is 2021 will be:

= [(300,000 × $14) × 1 / 3] - $0

= $1,400,000

The compensation expense for year 2 which is 2022 will be:

= [(288,000 × $14) * 2 / 3] - $1,400,000

= $2,688,000 - $1,400,000

= $1,288,000

Therefore, the amount should the company record as compensation expense for the year ended December 31, 2022 will be $1,288,000

Note that the number of RSUs in 2022 was calculated as:

= 300,000 × (100% - 4%)

= 300,000 × 96%

= 288,000

8 0

3 years ago

Kim wants to invest in Beta Company’s crowdfunding equity fund. In the current 12-month period, Kim has invested $25,000 in othe

iren [92.7K]

Answer:

$65,000

Explanation:

According to Regulation Crowdfunding, an individual can invest 10% of their annual income across all crowdfunding offerings in a 12-month period.

Kim's annual income = $900,000

Kim's investing limit on crowdfunding offerings = $900,000

Since Kim haad already invested $25,000 in another offering, she can only invest $65,000 in Beta's crowdfunding (= $90,000 - $25,000).

6 0

3 years ago

Your company is restructuring, and two layers of management have been eliminated. You now report directly to the national sales

7nadin3 [17]

Answer:

A) Flattened management hierarchies

Explanation:

Organizations are usually shaped like pyramids, with the vast majority of the employees being at the bottom of the pyramid, and the number of supervisors and managers shrinking as you go up. Traditional organizations tend to have a lot of management levels and are very tall, while more modern organizations have much fewer management levels and are much shorter and flatter.

In this case, since two management levels have been eliminated, the organizational pyramid is shorter and flatter.

7 0

3 years ago