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Anika [276]
2 years ago
9

For an analysis of the salaries of your​ company, you plot the salaries of all employees against the number of years they have w

orked for the company. You find that plotting the​ base-10 logarithm of salary makes the plot much straighter. A​ part-time shipping​ clerk, who has worked at the company for one year earns ​$12 comma 000. A manager earns ​$120 comma 000 after 20 years with the firm. The​ CEO, who founded the company 40 years​ ago, receives ​$1 comma 500 comma 000. What are the values you will​ plot? Will the plot of these three points be straight​ enough?
Business
1 answer:
Arisa [49]2 years ago
4 0

Answer:

1. That values that you must plot are:

  • (1, 4.08))
  • (20, 5.08)
  • (40, 6.18)

2. Yes, the plot of those three points is straight enough.

Explanation:

<em><u>A. What are the values you will​ plot? </u></em>

The x-ccordinate of your plot is still the number of years the exmployees have worked for the company.

The y-coordinate of your plot is the the​ base-10 logarithm of  the salary.

Therefore:

<u>1) A​ part-time shipping​ clerk</u>: 1 year, $12,000

           ⇒     (1,log_{10}12,000)=(1,4.08)

<u>2) A manager</u>: 20 years, $120,000

  ⇒     (20,log_{10}120,000)=(20,5.08)

<u>3) The​ CEO</u>: 40 years​ ago, $1,500,000

  ⇒     (40,log_{10}1,500,000)=(40,6.18)

Summarizing, the points to plot are:

  • (1, 4.08)
  • (20, 5.08)
  • (40, 6.18)

<u><em>B. Will the plot of these three points be straight​ enough?</em></u>

To find whether the plot is straight enoguh, you may either plot them, make a regression, or, since they are only three points, you can whether the change of rate of the points is constant.

  • <u>Change of rate of the first two points, r</u>:

       r = rise/run = Δy / Δx = (5.08 - 4.08) / (20 - 1) =1.00/19 ≈ 0.05

  • <u>Change of rate of the second and the third points, r</u>:

       r = rise/run = Δy / Δx = (6.18 - 5.08) / (20 - 1) = 0.05

Since both rate of changes are equal (or reasonably equal) the plot is  straight enough.

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Answer:

d) 1.32

Explanation:

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Jumbo Shrimp Oxymorons, Inc. recently paid a dividend of $2.12 per share. The firm expects explosive growth of 20% over the next
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Answer:

Dividend

First year = $2.544

Second year = $3.053

Third year = $3.48

Fourth year = $3.97

Fifth year = $4.53

Sixth year =$5.16

Explanation:

As dividend is the share of earning distributed to the stockholders. The stockholders expects a good return from the company against their interst in the company. Company make a dividend policy and calculates the growth of dividend accordingly.  

Dividend Paid = $2.12

Company expected 20% growth in next two years so,

Dividend First year = $2.12 x 120% = $2.544

Dividend Second year = $2.544 x 120% = $3.053

Dividend of following three years will grow at 14%

Dividend Third year = $3.053 x 114% = $3.48

Dividend Fourth year = $3.48 x 114% = $3.97

Dividend Fifth year = $3.97 x 114% = $4.53

After this it will grow 8% indefinitely

Dividend Sixth year = $4.53 x 114% = $5.16

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An investment offers a total return of 14.0 percent over the coming year. Janice Yellen thinks the total real return on this inv
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Answer:

8.06%

Explanation:

According to the Fisher equation

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(1.14) = (1.055) x ( 1 + inflation rate)

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For accounting purposes, postdated checks (checks payable in the future) are considered to be
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The postdated checks are considered to be an accounts receivable for accounting purpose.

<h3>What is a postdated checks?</h3>

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

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6 0
1 year ago
Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the bala
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Complete Question:

The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 14 Fixed costs per year: Production $ 175,560 Selling and administrative $ 140,450 Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

Multiple Choice

$6,600 less than under absorption costing.

$7,680 less than under absorption costing.

the same as absorption costing.

$7,680 greater than under absorption costing.

Answer:

The Southern Corporation

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

$6,600 less than under absorption costing.

Explanation:

a) Data and Calculations:

Variable costs per unit:

Production $ 35

Selling and administrative $ 14

Fixed costs per year:

Production $ 175,560

Selling and administrative $ 140,450

Production units last year = 7,980 units

Sales units last year = 7,680 units

Ending inventory = 300 (7,980 - 7,680) units

Value of Ending inventory:

1. Variable Costing:

Production $ 35 * 300 = $10,500

2. Absorption Costing:

Variable Production $ 35 * 7,980 = $279,300

Fixed Production overhead             $ 175,560

Total production costs =                  $454,860

Units produced = 7,980

Unit cost = $57

Ending inventory = $17,100 ($57 * 300)

Difference = $6,600 ($17,100 - $10,500)

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3 years ago
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