In this problem we are given the mean of $1100, SD of $150 and x equal to $900. In this case, we need to use the z-score table to answer the problem:
z = (x-mean)/sd
z = (900-1100)/150
z = -1.33
from z-table, the probability at the left of z= -1.33 is equal to 9.18%
The number of books that will be produced such that the costs from the two methods be the same is 4668 units.
From the complete question, the total cost of the first equation will be:
= 8.25x + 65054
The total cost for the second equation will be:
= 19.50x + 12539
Then, we'll equate both equations together and this will be:
8.25x + 65054 = 19.50x + 12539
Collect like terms
19.50x - 8.25x = 65054 - 12539
11.25x = 52515
Divide both side by 11.25
11.25x/11.25 = 52515/11.25
x = 4668 units.
Therefore, the breakeven unit will be 4668 units.
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Answer:
P0 = $77.397794 rounded off to $77.40
Explanation:
The two stage growth model of DDM will be used to calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n + [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]
Where,
- g1 is the initial growth rate
- g2 is the constant growth rate
- D0 is the dividend paid today or most recently
- r is the required rate of return
P0 = 1.89 * (1+0.23) / (1+0.15) + 1.89 * (1+0.23)^2 / (1+0.15)^2 +
1.89 * (1+0.23)^3 / (1+0.15)^3 +
1.89 * (1+0.23)^4 / (1+0.15)^4 +
1.89 * (1+0.23)^5 / (1+0.15)^5 + 1.89 * (1+0.23)^6 / (1+0.15)^6 +
1.89 * (1+0.23)^7 / (1+0.15)^7 + 1.89 * (1+0.23)^8 / (1+0.15)^8 +
1.89 * (1+0.23)^9 / (1+0.15)^9 + 1.89 * (1+0.23)^10 / (1+0.15)^10 +
[(1.89 * (1+0.23)^10 * (1+0.07) / (0.15- 0.07)) / (1+0.15)^10]
P0 = $77.397794 rounded off to $77.40
Price ceilings are the highest price that the establishment could sell their products for. In this item, it is given that the maximum price that the establishment could impose is only $90. Price ceilings are developed and are being implemented in order to limit the power of the sellers over products that are very much in demand to the users.
Hence, for this item, the price will have a maximum value of $90, the quantity supplied are relatively lower while the demand grows more and more. Moreover, shortage of the product will happen due to the increased demands.
Answer:
See below
Explanation:
Date General journal Debit Credit
Jan. Work in process $39,192
Manufacturing overhead $39,192
($55,200 × 71%)
Feb. Work in process $36,210
($51,000 × 71%)
Manufacturing overhead $36,210
March. Work in process $45,866
($64,600 × 71%)
Manufacturing overhead $45,866
