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3 years ago

Which of the following is correct?

Business

1 answer:

-Dominant- [34]3 years ago

5 0

Answer:

Explanation:

The relationship between Total utility and Marginal utility states that "when marginal Utility decreases Total utility increases but at a decreasing rate. This is the reason even when marginal Utility decreases total utility will increase.

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The amount of time it takes Robby to go grocery shopping is continuous and uniformly distributed between 20 minutes and 45 minut

labwork [276]

Answer:

0.4

Explanation:

This problem has been solved using the method of integration.

We are required to solve for the probability that it takes Robby between 29 and 39 minutes to go grocery shopping

= X~U(20,45)

= 1/45-20

= 1/25

Then we get computation for p[29<x<39]

When we take the integrals with x = 1/25

We get

Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4

6 0

3 years ago

The practice of comparing a company with its prior performance or with best practices from other companies is called A. benchmar

KatRina [158]

Answer:

A. benchmarking

Explanation:

In companies; benchmarking is the good practice as it compares the company's business processes and performance metrics to industry. There are four types of benchmarking which are internal, competitive, functional and generic. Benchmarking always facilitate to seek the best practices of your competitor and learn it to implement or take strategic decisions. Based on the data and information which is derived from benchmarking; company can modified its strategies towards the achievement of objective to excel among competitors.

3 0

3 years ago

On December 31st, Datton, Inc. has cost of goods sold of $ 550000, ending inventory is $ 101000, beginning inventory is $ 120

Gnoma [55]

Answer:

72 days

Explanation:

The computation of the accounts payable turnover ratio is shown below:

Accounts payable turnover ratio = Total Purchases ÷ Average Accounts payable

As we know that

Cost of goods sold = Beginning inventory + total purchases - Ending inventory

i.e

Total Purchases = Cost of goods sold + Ending Inventory – Beginning Inventory

= $550,000 + $101,000 - $120,000

= $531,000

So, the account payable turnover ratio is

= $531,000 ÷ $105,000

= 5.06 times

Now in days it is

= 365 days ÷ 5.06 times

= 72 days

5 0

3 years ago

If you were starting a new business, describe at least three departments to the company that you would need right away. Why are

Natali [406]

Answer:

I would need a computer and then a laptop to work fast as I can and that will make me get more money

7 0

3 years ago

Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of $1,000 and pays a dividend o

kramer

Answer:

$1,068.02

Explanation:

For computing the selling price of the bond we need to use the Future value formula or function i.e to be shown in the attachment below:

Given that,

Present value = $1,000

Rate of interest = 10% ÷ 2 = 5%

NPER = 3 years × 2 = 6 years

PMT = $1,000 × 8% ÷ 2 = $40

The formula is shown below:

= FV(Rate;NPER;PMT;-PV;type)

The present value comes in negative

So, after applying the above formula, the selling price of the bond is $1,068.02

7 0

3 years ago