The number of levels and managers

Your car averages 28 miles per gallon (MPG). Your trip to work averages 14 miles. Gas costs 2.89 per gallon. What do you spend o

gogolik [260]

Answer:

57.8$

Explanation:

Here we know that:

- One trip to work averages 14 miles

- Therefore, one return trip home-work averages 14*2=28 miles

- You work 20 days per month

So, the average number of miles per month is:

$m=28\cdot 20 =560 mi$

Then, we also know that the car averages 28 miles per gallon; this means that the number of gallons consumed on average in 1 month is equal to the average number of miles (560) divided by 28:

$g=\frac{560 mi}{28 mi/gal}=20 gal$

So, 20 gallons per month.

Finally, we know that the cost of the gas is 2.89$/gallon. Therefore, the average total cost per month is equal to the average number of gallons per month (20) times the cost per gallon:

$cost = (20 gal)\cdot (\$2.89/gal)=\$57.8$

4 0

3 years ago

Develop an Excel worksheet simulation for the following problem. The management of Paragon Household Products is considering the

Alexxandr [17]

<h2><u>Disclamer:</u></h2>

As it ask to run simulations the values calculates will difer even if you follow the same step as I did.

Answer:

Mean Profit: $ 4,295

Probability of loss: 29.80%

As the product has a mean profit it will on average generate gains

but:

as the standard deviation of the simulation was $ 7,778.40

<u>we should not invest on the product as it is to variable</u>

<u>Explanation</u>:

We are going to use the =RAND() function of excel

which, generates a random number between 0 and 1

This will be done 1,000 times 500 for the variable cost

and 500 for the demand.

Then we copy and paste this numbers to get them fixed.

Then, we convert them into actual cost and demand in units considering their distribution

using excel dist.norm.inv

Now, with this values we solve for profit on each one.

<u></u>

FOr the complexity I attached the excel file as the plataform interface cannot handle large tables.

Download xlsx

6 0

3 years ago

XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; S

Molodets [167]

Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable

<h3>What is the labor efficiency variance?</h3>

This can be found as:

= (Actual hours x Standard rate) - (Standard hours x Standard rate)

Solving gives:

= 83,000 - 85,000

= $2,000 unfavorable

Find out more on the labor efficiency variance at brainly.com/question/27404735

#SPJ1

5 0

2 years ago

If the rate of inflation is 2.2% per year, the future price pt (in dollars) of a certain item can be modeled by the following ex

postnew [5]

Answer:

1693.25

Explanation:

The computation of the current price of the item and the price 9 years from today is shown below:-

p(t) = 1,200 × (1.039)^t

Now, the current price can be found by putting t = 0

p(0) is

$1,200\times (1.039)^0 = $1,200$

The price 10 years from today

p(9) is

$1,200\times (1.039)^9$

Now we will solve the above equation

= 1,200 × 1.411041958

= 1693.25035

or

= 1693.25

6 0

3 years ago

A company is struggling to finish the required accounting work for its financial year-end. The employees are unwilling to stay l

MissTica

That would be E job completion paying extra to stay and get the work done is job completion.

7 0

3 years ago

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