Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20
1 answer:
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Answer:
H0 : β = 0
H1 : β = 0
R = 0.8642
P value = 0.002654
Explanation:
Null hypothesis : H0 : β = 0
Alternative hypothesis : H1 : β ≠ 0
The correlation Coefficient, R value as obtained using a correlation Coefficient calculator is 0.8642. This depicts that a strong positive relationship exists between court income and Justice salary.
The Pvalue using the Pvalue calculator (R = 0.8642, N = 9) = 0.002654
The Pvalue < α
0.002654< 0.05 ; Hence, we reject H0.
Answer:
Earnings Per Share = $3.6
Explanation:
Given
Net Income Average = $33,480
Weighted-average common shares outstanding = 9,300
Shares sold = 4,300
Required
Calculate the company's earnings per share.
Earning per share is calculated as thus;
Let N represent the Net Income; P represent the Preferred Dividend and W represent the Weighted-average common shares outstanding
The question says there was no preferred stock;
So, P= 0
Substitute $33,480 for N and 9,300 for W.
The formula becomes;
Hence, the calculated Earnings per share of Mayan company is $3.6