Answer:
The monthly fixed manufacturing cost is $7500.
Explanation:
Variable cost per unit = change in total cost / change in no of units
= 6900-5000/8000-4200
= 0.5 per unit
Fixed cost = Total manfacturing cost - variable cost at a 4200 level
= 5000 - (4200*0.5)
= 5000 - 2100
= $2900
If company produces 9200 units:
Total manfacturing costs = fixed costs + 9200*variable cost per unit
= 2900 + (9200*0.5)
= $7500
Therefore, The monthly fixed manufacturing cost is $7500.
Answer:
0.00914 ; 0.0062 ; 0.9847
Explanation:
Given the following :
Normal distribution :
Mean(m) = $4200
Standard deviation (sd) = 720
Amount VERY low = < 2500
Amount very high = > 6000
a. What percent of the days will the bank be notified because the amount dispensed is very low?
x < 2500
Finding the z-score :
Z = (x - mean) / standard deviation
Z = (2500 - 4200) / 720
Z = - 1700 / 720 = −2.361111
P(z < −2.361111)
Locating −2.361111 on the z- distribution table
-2.3 under 0.06 = 0.00914
P(z < −2.361111) = 0.00914
B) What percent of the time will the bank be notified because the amount is very high?
x > 6000
Finding the z-score :
Z = (x - mean) / standard deviation
Z = (6000 - 4200) / 720
Z = 1800 / 720 = 2.5
P(z > 2.5)
Locating 2.5 on the z- distribution table = 0.9938
P(z > 2.5) = 1 - 0.9938 = 0.0062
c. What percent of the time will the bank not be notified regarding the amount of funds being dispensed?
P(2500 < X < 6000)
P(2500 < X < 6000)
P(-2.36 < z < 0) + P(0 < z < 2.5)
= 0.4909 + 0.4938
= 0.9847
<span>due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. - PRICE CEILING ; BINDING
</span><span>the government has instituted a legal minimum price of $2.70 per gallon for gasoline. - PRICE FLOOR ; BINDING
</span><span>the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. - PRICE CEILING ; BINDING</span>
Answer:
The correct answer is letter "C": Common- size income statement.
Explanation:
A Common Size Income Statement is expressed as a percentage of net sales for each company's account. Common Size Income Statements are simple tools that a business owner or a high-rank executive can use to compare the company's finances over different periods, with competitors or industry averages.
In the models that describe population growth, r stands for<em> </em><span><em>per capita population growth rate</em></span>
