Answer:
$214,000
Explanation:
The total reservation cost per month is given by the following expression:
Where 'n' is the number of monthly reservations.
If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:
Total reservation cost is $214,000.
Answer:
The correct answer is C. Total units produced.
Explanation:
The following five bases are generally used in calculating the application rate of manufacturing overhead:
1. Production units
2. Direct material cost
3. Direct labor cost
4. Hours of direct labor
5. Machine hours
When he mentions the Production Units, he refers to the product or merchandise produced by the company, that is, what is intended for sale, in which this method is used is very simple, since the information on the units produced is readily available. to apply indirect manufacturing costs. It is based on the unit of finished product.
Answer:
$7,200
Explanation:
The calculation of income that should be presented in the income statement is shown below:-
Dividend Received = Given percentage × Paid dividend
= 12% × $60,000
= $7,200
Therefore for computing the income that should be presented in the income statement we simply applied the above formula.
Therefore the above is the answer
Answer:
A. 0.3204 B. $14.669
Explanation:
Mean = 8.9 SD = 4.5
Required probability = P (X >/= 550/50)
P(X>/=11) = 1 - P[(X - mean/SD) < (11 - mean)/SD]
= 1 - P(Z < (11-8.9)/4.5)
P(X>/=11) = 1 - P(Z < 0.4666667)
Using Excel NORMDIST(0.4666667,0,1,1)
P(X>/=11) = 1 - 0.6796 = 0.3204
The probability that she will earn at least $550 = 0.3204
b. P
(
X > x
) = 0.10
1 − P
(
X − mean)/SD ≤ (x − mean)
/SD = 0.10
P
(
Z ≤ z
) = 0.90
Where,
z = (x − mean
)/SD
Excel function for the value of z:
=NORMSINV(0.9)
=1.282
Hence (x - mean)/SD = 1.282
= (x - 8.9)/4.5 = 1.282
x = (1.282*4.5) + 8.9
x = 14.669
He earns $14.669 on the best 10% of such weekends.
