Answer:
B. 8t + 12s = 216; t = 3s
Explanation:
t-shirts = $8 each
shorts = $12 each
$216 total
t-shirts sold = 3 x shorts
Answer: The equilibrium price is $68, Quantity 32 million barrel, The quantity to import is 53 million barrel
Explanation:
Given that D = -2 + (1/2)P, S = 15 - (1/4)P
At equilibrium Qd = Qs
-2 + (1/2)P = 15 - (1/4)P
Change 1/2 P and 1/4 P to decimal we have 0.5, and 0.25 respectively
Collect like terms
-2 -15 = 0.25P - 0.5P
17 = 0.25P
Divide both sides by P
17/0.25 = 0.25P /0.25
68 = P
P = 68
Substitute the value of P into equation 1 and 2 determine the value of Q
-2 + 0.5 (68)
-2 + 34
= 32
15 - 0.25 (68)
15 + 17
= 32
To determine the quantity to import when world price is $11.00 per barrel ,substitute the value into equation 1
-2 + 0.5 (11)
-2 + 55
= 53
Therefore quantity to import is 53 millions barrel
A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.
<h3>What is a contingency table?</h3>
They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.
In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.
The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.
Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.
Learn more about contingency tables here: brainly.com/question/5492865
Answer:
False
Explanation:
The weighted average contribution margin is calculated by multiplying individual contribution margin with respective size pizzas (i.e number of units sold) then total contribution margin (i.e of both medium and large size) is divided upon total number of units sold, see as follows:
According to Buttercrust Pizza company's sales data medium pizzas sold are twice the number of large pizzas. Now here we have to take an assumption since we aren't given actual sales units. Keeping in mind the sales data we can assume that 100 units of medium pizzas and 50 units of large pizzas are sold during the period.
Contribution margin of medium pizza: (CM× units of medium size pizzas)
Contribution margin of large pizza: (CM× units of large size pizzas)
Contribution margin of medium pizza: $10× 100 = $1000
Contribution margin of large pizza: $22× 50 = $1100
Total contribution (of both pizza sizes) = $2100
Total sales units (of both pizza sizes) = 150
The weighted average contribution margin is calculated as follows:
WACM= $2100÷ 150
WACM= $14
(Disclaimer: the solution of this question has been concluded using self-induced assumptions.)
Answer:
The Net income will increase by $6,400
Explanation:
Use the following formula to calculate the effect on the net income
As the fixed cost is irrelevant to special order
Net income = Increase in revenue - Increase in Variable cost - Special shipping cost
Where
Increase in revenue = 3200 x $15 = $48,000
Increase in Variable cost = 3200 x $12 = $38,400
Special shipping cost = 3200 x $1 = $3,200
Placing values in the formula
Net income = $48,000 - $38,400 - $3,200
Net income = $6,400
Hence, the net income will increase by $6,400
