Three basic questions of economics are:

Boxes of Honey-Nut Oatmeal are produced to contain 15.0 ounces, with a standard deviation of 0.15 ounce. For a sample size of

umka2103 [35]

Answer:

A. Upper control limit = 15.06

B. Lower coontrol limit= -14.93

Explanation:

Total content in the box, μ = 15

Sample, n = 49

Standard deviation, σ = 0.15

A. Upper control limit = μ+Aσ

= μ+ $\frac{3}{\sqrt{n} }$ σ

= 15+ $\frac{3}{\sqrt{49}}$ ×0.15

= 15.06

B Lower Control Limit = μ-Aσ

= μ· $\frac{3}{\sqrt{n} }$ σ

= 15- $\frac{3}{\sqrt{49} }$ × 0.15

= -14.93

7 0

3 years ago

Presented below is the partial bond discount amortization schedule for Cullumber Corp. Cullumber uses the effective-interest met

Kazeer [188]

Answer:

Journal entry is given below

Explanation:

To record the payment of interest and the discount amortization at the end of period 1 we should debit the Interest expense and credit cash and discount

DATA

Interest expense in year 1 = $38,936

Interest to be paid = $36,450

Discount amortization = $2,486

Entry DEBIT CREDIT

Bond interest expense $38,936

Cash $36,450

Discount on bonds $2,486

4 0

3 years ago

Which is the oldest form of money still in existence today?

ioda

The oldest form of money that still exist today is: Metallic money.
In the past, money is used in the form of Gold and silver coins. (Gold tend to be higher in value compared to silver)
Even though the amount of metallic money that we use today is far lesser compared to the past, we still use pennies for making small purchase

5 0

3 years ago

Consider the CAPM. The risk-free rate is 7%, and the expected return on the market is 13%. What is the expected return on a stoc

Ber [7]

Answer:

r = 0.16 or 16%

Explanation:

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the return on market

r = 0.07 + 1.5 * (0.13 - 0.07)

r = 0.16 or 16%

5 0

3 years ago

High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead

ArbitrLikvidat [17]

Answer:

a. On average, the number of boards they have on order = 1,056 boards.

b. On average, the number of boards they have =560 boards.

c. Total holding cost per week = $140.

d. Holding cost incurred per board = $ 0.25.

Explanation:

In the question, the details given are:

Service level =96 %

Lead time =3 weeks

Weekly demand =150

Standard deviation=200

This is a case of variable demand and constant lead time

a. Reorder point =Demand during lead time +Safety stock

=Average weekly demand*lead time+z*sqrt(lead time)*standard deviation of weekly demand

=150*3+NORMSINV(0.99)*sqrt(3)*200

=450+1.7507*sqrt(3)*200

=450+606.46=1,056.46

=1,056 (nearest whole number).

On average, the number of boards they have on order = 1,056 boards.

b. For a normal distribution,

z=x-mean/std deviation

z-value for a 96% confidence level = 2.05

2.05=x-150/200

x = 150+2.05*200=560

On average, the number of boards they have =560 boards.

c.Total holding cost per week=Average inventory *holding cost per week=560/2 *0.5=280*0.5 =$140

d.Holding cost incurred per board =Total holding cost /Number of boards =140/560 = $ 0.25.

5 0

3 years ago