Answer:
- Standard deviation: $14,400
Explanation:
<u>1. Mean of the annual income:</u>
The mean income is the expected income, which is: the sum of the annual salary (constant) plus the 8% of the mean value of the orders ($600,000):
- Mean annual income = $6,000 + 8% × $600,000 = $6,000 + $48,000 = $54,000.
<u>2. Standard deviation of the annual income.</u>
The standar deviation is a measure of how extended the values are.
It means that the annual value of the orders will be around the mean plus or minus a number of standard deviations, depending on the precision you want.
The 8% of the the standard deviation is 8% × $180,000 = $14,400.
Since the $6,000 is a constant it does not modify the standard deviation.
These results are a consequence of the linearity of the mean and the standard deviation.
Call Y the salesperson salary, and X the valueof the orders. Then:
The linearity property states that:
- Mean of Y = 8% × (mean of X) + 6,000
And:
- Standard deviation of Y = 8% × (Standard deviation of X).
Answer:
a. vote to replace the board of directors who can replace the self-interested managers
b. fire them
Explanation:
In a corporations in which the major aim is to promote the interest of the shareholders, there is bound to be class of interest between the managers and the shareholders.
Most times, the manager will try to pursue his own personal interest at the detriment of the organization. Firing such managers and, in most cases, voting during board meetings to replace them are ways to put the organization back to business.
Answer:
What is the basis for the Director’s argument?
- The director believes that this is a temporarily restricted contribution and therefore it should be classified as restricted and recognized in 2007 once it can be classified as unrestricted.
What is the basis for the accountant’s argument?
- Unconditional gifts or donations must be recognized when they are made, and since the money was received in 2006, it should be recognized then.
Explanation:
I agree with the Director since this is a restricted donation, i.e. the donor established strict conditions for its use both in time and purpose. For it to be unconditional, the donor should have stated that the money could be used in the best way that the NPO considers and at any time. But instead it established that it must be used to provide scholarships to musicians during 2007.
Both a condition and a restriction exits:
- the restriction refers to the time: 2007
- the condition refers to its use: scholarships for musicians
Answer:
a.bounded rationality.
Explanation:
Bounded rationality is defined as the concept that rationality and decision-making of an individual is within the bounds of the information they have, cognitive limitations of their mind, and time limit to make decisions.
People do not gather all information required to make a decision but they go for the best choice.
Keisha in this case is looking for a computer sott for her company, she does not gather all information to get the best one, but instead goes for one she is familiar with.
Answer:
Use the IRS Get My Payment tool to track stimulus money
For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.
Explanation: