Answer:
≈ 25%
Explanation:
Given data:
Cpk = 0.22
Determine The percentage of production that falls beyond the specification limit ( assuming normal distribution )
first calculate the value of Z ;
Cpk = Z /3
hence Z = Cpk * 3 = 0.22 * 3 = 0.66
The percentage of the production can be determined by
( 1 - value obtained from the standard normal table for the value of Z =0.66 )
1 - 0.7454 = 0.2546 ≈ 25%
Answer:
c. best utilization of scarce resources
Explanation:
Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.
Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.
<span>The term money is used to describe anything that is regularly used in economic transactions or exchanges.
</span><span>When money is used to express the value of goods and services, it is functioning as a unit of account.
</span><span>This is the primary function of money, to be used a unit by which value of a thing is accounted and compared.</span>
Answer:
administrative services and transactions, financial services, and strategic partners
Answer:
A :$210,000
Explanation:
The accounting equation gives the relationship between the various elements of the balance sheet. These are the assets, liabilities and Stockholders' equity
Assets = Stockholders' equity + Liabilities
Retained earnings is the portion of the company's earnings that is added to the common stock to get the Stockholders' equity.
Retained earnings added = $375,000 - $200,000 - $35,000
= $140,000
Stockholders' equity at the end of the year = $250,000 - $180,000 + $140,000
= $210,000
