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VladimirAG [237]
3 years ago
9

1) The defect rate for your product has historically been about 2.00%. For a sample size of 300, the upper and lower 3-sigma con

trol chart limits are:UCL= _______LCL=_________
Business
1 answer:
Sphinxa [80]3 years ago
4 0

Answer:

UCL= <u>0.044</u>

LCL=<u>-0.004</u>

Explanation:

Use following formula to calculate the UCL and LCL

UCL = p + z\sqrt{\frac{p(1-p)}{n}}

Where

P = defect rate = 2% = 0.02

z = sigma control chart limit = 3

n = samploe size = 300

PLacing values in the formula

UCL = 0.02+3\sqrt{\frac{0.02(1-0.02)}{300}}

UCL = 0.02 + 3 x 0.008082904

UCL = 0.02 + 0.024248711

UCL = 0.044248711

UCL = 0.044

Now calculate LCL using folllowing formula

LCL = p - z\sqrt{\frac{p(1-p)}{n}}

Where

P = defect rate = 2% = 0.02

z = sigma control chart limit = 3

n = samploe size = 300

PLacing values in the formula

LCL = 0.02 - 3\sqrt{\frac{0.02(1-0.02)}{300}}

LCL = 0.02 - 3 x 0.008082904

LCL = 0.02 - 0.024248711

LCL = -0.004248711

LCL = -0.004

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  • Decrease Unearned Revenue
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Since the gift cards was  redeemed during the month which means that Unearned Revenue will have to be  decreased by the costs of gift cards that was redeemed during the month.

Calculated as:

Unearned Revenue=$5,600-$3,200

Unearned Revenue=$2,400  decrease

Since the gift cards was  redeemed during the month which means that  will have  increased Sales revenue by the costs of  of gift cards that was redeemed during the month.

Calculated as:

Sales revenue=$5,600+$3,200

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6 0
2 years ago
Yakov lives in San Diego and runs a business that sells boats. In an average year, he receives $704,000 from selling boats. Of t
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Answer:

Yakov's explicit costs are the monetary costs that he pays while running his business:

Payment to manufacturer: $404,000

Wages and utility bills: $286,000

Total explicit costs: $690,000

Yakov's implicit costs are his opportunity costs, in other words, the things he gives up in order to run his business:

Rent he would get for his showroom: $3,000

Wage he would get as an accountant: $20,000

Total implicit costs: $23,000

Yakov's accounting profit is equal to revenue minus total explicit costs:

Accounting profit = $704,000 - $690,000

                             = $14,000

Yakov's economic profit is equal to revenue minus total costs (the sum of implic costs and explicit costs)

Economic profit = $704,000 - $713,000

                          = ($9,000)

Despite the fact that Yakov is not earning an economic profit selling boats, as an accountant, he would give up on the $704,000 that he is been making from selling boats. For that reason, he should keep the boat selling business.

7 0
3 years ago
If the demand for product x is inelastic, a 4 percent decrease in the price of x will.
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A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.

<h3>What is demand?</h3>

Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.

When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.

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3 0
2 years ago
Suppose the country of Stan has fixed its exchange rate to the dollar. The official exchange rate is 0.50 U.S. dollars per rupee
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Answer and Explanation:

1. At 0fficial exchange rate:

100 * 0.5 = $50

what I want to buy would be purchased at $50

at market exchange rate:

0.25 x 100 = $25

products bought from this place are not a good deal as I am paying more than the market exchange rate.

2. at equilibrium exchange rate:

100 x 0.25% = $25

the price is $25

3. from answers 1 and 2, I will not want demand Stan's rupees. the products are costly to get.

4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.

5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.

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A government deficit has increased from 30 to 50. The country's trade deficit is 100 and private savings equal 65 and investment
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Answer:

If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.

Explanation:

S - I = X - M, where

S = Sp + Sg, where

Sp: private saving

Sg: Public saving = T - G

Sp + T - G - I = X - M

or,

Sp - I = (G - T) - (M - X) = Budget deficit - Trade deficit

Initially,

65 - 30 = 90 - 100 = - 10

When budget deficit falls to 50,

Sp - 90 = 50 - 100

Sp = - 50 + 90 = 40

Therefore, If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.

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