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s2008m [1.1K]
3 years ago
5

Cynthia​ Knott's oyster bar buys fresh Louisiana oysters for ​$3 per pound and sells them for ​$8 per pound. Any oysters not sol

d that day are sold to her​ cousin, who has a nearby grocery​ store, for ​$2 per pound. Cynthia believes that demand follows the normal​distribution, with a mean of 100 pounds and a standard deviation of 20 pounds. How many pounds should she order each​ day? Refer to the standard normal table LOADING... for​ z-values.
Business
1 answer:
iragen [17]3 years ago
3 0

Answer:

111 pounds

Explanation:

The number of pounds Cynthia should order each day can be calculated as follows

Calculation

Standard deviation = 20

Mean = 100

Cost of actual utilization = 8-3 = 5

Cost of Under utilization = 4-2 = 2

Probability of sale = Co/(Cu+Co)

Probability of sale = 5/(5+2)

Probability of sale =0.714

Z score at above probability = z = 0.57

hence cynthia should order= mean+z*standard deviation

Order = 100+0.57*20

Order = 111.4 or 111 pounds

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Explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.

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A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:
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Revenue = $752,800
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To solve for the gross profit:
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which statement best describes the sec rules relating to bookkeeping services? a. bookkeeping services are permitted if the indi
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The statement best describes the SEC rules relating to bookkeeping services is an accountant generally cannot provide bookkeeping services to an SEC audit client.

The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.

A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.

To track income and spending as effectively as possible, a corporation must employ three different forms of accounting. Cost, management, and financial accounting are some of them.

The given question is incomplete, the complete question is:

Which statement best describes the SEC rules relating to bookkeeping services?

a. Bookkeeping services are permitted, as long as the individuals performing these services are not the same individuals performing the audit.

b. Bookkeeping services are permitted if the fees from these services are insignificant relative to the audit fees.

c. Bookkeeping services are permitted if the client agrees in writing to accept responsibility for the adequacy of these services.

d. An accountant generally cannot provide bookkeeping services to an SEC audit client.

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