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lidiya [134]
3 years ago
5

Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $120000

for the property. Using a simulation of 1000 trials, what is the estimate of the probability Strassel will be able to obtain the property using a bid of $120000? Round your answer to 1 decimal place. Enter your answer as a percent.
Business
1 answer:
Klio2033 [76]3 years ago
8 0

Answer:

20%

Explanation:

Simulation is imitation of a situation that represents its operations overtime. Simulation is used for performance tuning. The use of simulation in business is gaining significance. Simulation is used to analyze current situation and predict future. Strassel is using 1000 trials for a bid of $120,000. The estimated probability that Strassel will get the property at a bid of $120,000 is 20%.

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Which value gap refers to a company’s failure to accurately assess what customers really want?
fiasKO [112]

Answer:

The correct answer is: Service Quality Gap.

Explanation:

The Service Quality Gap refers to the difference between what a company understands a customer's desires and what must be really done to satisfy that consumer. Firms should make all the efforts in their hands to close that breach and provide the customer with the good or service they need to keep their businesses going. When the gap is not closed, the customer's loyalty fails, pushing them to look for different options in other organizations.

5 0
3 years ago
The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing over
alexgriva [62]

The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020

Calculation to determine the total variable costing income statement

Using this formula

Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales

Let plug in the formula

Variable costing income statement($140 + $19) x 780 quilts sold

Variable costing income statement=$159×780 quilts sold

Variable costing income statement=$124,020

Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.

Learn more here:

brainly.com/question/13214374

4 0
3 years ago
4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in befor
Rufina [12.5K]

Answer:

Property tax is progressive

Sales Tax is regressive

A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.

Explanation:

3 0
3 years ago
Q 1.16: spelling corporation only maintains enough finished product inventory to cover their average weekly order volume. althou
vfiekz [6]
I think that Spelling Corporation uses JUST-IN-TIME inventory method.

Just-in-time inventory method requires producers to forecast demand as accurately as possible to ensure that the supply is sufficient to cover demand without excesses that may result to wastage and losses. Just-in-time inventory method promotes increase in efficiency in producing products.

Other inventory methods are manual counts, perpetual inventory, first-in first-out (FIFO), and last-in first-out (LIFO).

4 0
3 years ago
Disability income policies usually have a(n) _____, which is a time delay from the date of the issuance of the policy until bene
meriva
The answer to this question is the "Probationary Period". Hence when the disability income usually has a "probationary period" which is a time delay or the waiting time from the date of the issuance of the policy until the benefit privileges are being activated by the member and the office. This probationary period is somehow the observation period such the performance of the member is being monitored.
5 0
3 years ago
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