Answer:
The weighted average unit contribution is $81 per unit.
Explanation:
The contribution per unit is the amount each unit contributes to covering the fixed costs. It is calculated by deducting the variable cost per unit from the selling price per unit.
The weighted average unit contribution is used when there are more than one product that a company produces and is used in calculating the overall or composite break even point. The weighted average unit contribution is the overall unit contribution for all of the products of the company according to their weights in the sales mix.
For a company that produces two products,
Weighted average unit contribution = Contribution per unit of Product A * Weight of Product A in sales mix + Contribution per unit of Product B * Weight of Product B is sales mix
Weighted average unit contribution = (150 - 90) * 0.3 + (195 - 105) * 0.7
Weighted average unit contribution = $81 per unit
The probability that two of the next three customers will make a purchaseis mathematically given as
P(1) =0.441
<h3>What is the
probability that two of the next three
customers will make a purchase?</h3>
Generally, the equation for Probablity is mathematically given as
A)
P(1) = 3 C 1 (0.3)^1 (0.7)^2
P(1) =0.441
B)
n=1000
E (x) =np = 1000x0.3
E (x) =3.00
C)
Variance= mpq
Variance= 300 x0.7
Variance= 210
In conclusion,
P(1) =0.441
E (x) =3.00
Variance= 210
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Answer:
Journal entry
Explanation:
The journal entry is as follows
Preferred Stock $55,000 (1,100 shares × $50)
Paid in capital Preferred Stock $15,400 {1,100 shares × ($64 - $50)}
To Common Stock $22,000 (2,200 shares × $10)
To Paid in capital common stock Additional $48,400
(Being the conversion of the preferred stock is recorded
Answer:
Clan culture
Explanation:
The word "clan" refers to a group of people who belong to the same family.
Clan culture in organizational context, refers to treating employees and customers as if they form part of a family.
Such a culture is driven by common agreement and goals and carrying on similar values and beliefs.
In the given case, at the coffee house, the owners aim for group unity and employees customers alike are treated as if they represent one family. This indicates clan culture being followed at State Street Coffee.
