Answer:
<u>The target cost per iron= $83.25</u>
Explanation:
Profit Required = Required Investment * required rate of return
= $ 3,500,000*15%
= $ 525,000
Sales= 300000*85=$25,500,000.00
Less: profit required=$525,000.00
Cost= Sales- Profit
Cost=24,975,000.00
Per Unit Target Cost = Total Cost / Total Units
= $ 24,975,000/ 300,000
= $ 83.25
Based on the definitions of these data analytic types, the following are true:
- a. Descriptive analysis
- b. Descriptive analysis
- c. Prescriptive analysis
- d. Diagnostic analysis
- e. Predictive analysis
- f. Diagnostic Analysis
- g. Adaptive and Autonomous analysis
Descriptive analysis works by showing an overview of the current situation in the company and so would work well for McGowan Company and Zerrot Corporation.
Prescriptive analysis offers solutions to help a company achieve a goal and so is best to describe Wheelson Company.
Diagnostic analysis allows for a company to find out what the real problem is in a situation so describes Courtyard Freight and Johnson Stores.
Predictive is used to predict future scenarios and so describes Medavoy Operations forecasting.
Adaptive and Autonomous use machine learning and artificial intelligence so this describes Michelson Corporation.
In conclusion, there are different types of data analytics that can be used.
Find out more about data analysis at brainly.com/question/25782746.
Answer:
c) As the wage rises, most workers are willing to work more hours.
Explanation:
Option “C” is correct because there is a direct relationship between the wage rate and the labor hours. If the wages increase then more people or labor are willing to work for more hours. If the wage falls then this fall in wage results in the fall in labor hours because more people will be less willing to work at a lower wage rate. Therefore this direct relationship between the wage rate and the number of labor results in an upward-sloping labor supply curve.