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Jamal is a nurse and earns $48,000 per year. He lives in California and pays about 6 percent of his income in state income taxes

Klio2033 [76]

Answer:

1. Diamond

2. Diamond

Explanation:

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3 years ago

Read 2 more answers

The distribution of 27 salaries at a small company has mean $35,000 and standard deviation $2,000. Suppose the company hires a 2

bonufazy [111]

Answer:

Correct option is (c)

Explanation:

Mean is the average of values in a data set. Range is the difference between highest and lowest values in the data set and median is the mid point (value) that separates lower and higher values in a data set.

If a data point is added, in this case 28th employee is added, definitely mean will change. If data point higher than existing mean is added, then mean will increase. Median and range may or may not change depending on the value added or removed.

In this case, mean is likely to increase since 28th employee's salary is more than existing mean.

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3 years ago

Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimat

Daniel [21]

Answer:

Net income= 139,300

ROA= 27.86%

Explanation:

The assets to support the expansion is $500,000

It is estimated the entire database can generate $1,990,000

The profit is 7%

The net income can be calculated as follows

= 1,990,000×7/100

= 1,990,000×0.07

= $139,300

The ROA can be calculated as follows

= 139,300÷500,000

= 27.86%

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3 years ago

Dropping Unprofitable Department Penn Corporation has four departments, all of which appear to be profitable except department 4

Julli [10]

Answer:

A. Department (1-3) = 40%

Department 4 =25%

B. $70,000

Explanation:

A. Calculation for the gross profit percentage for departments 1-3 combined and for department 4.

Using this formula

Gross profit percentage = Gross Profit /Sales

Let plug in the formula

Department (1-3) (360,000/900,000) = 40%

Department 4 (28,000/152,000) =25%

B. Calculation for the effect that would elimination of department 4 have had on total firm net income

First step is to find the Increase(Decrease) in overall net income

Using this formula

Increase(Decrease) in overall net income = Direct expenses - Gross profit

Let plug in the formula

Increase(Decrease) in overall net income= 27,000 - 38,000

Increase(Decrease) in overall net income= (11,000) decrease

Second step is to find the net operating income

Net operating income= 81,000 - 11,000

Net operating income= $70,000

Therefore the firm's net operating income would be $70,000

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3 years ago

At Crater Valley Manufacturing, workers are encouraged to find their own solutions to problems, and to implement their solutions

Marizza181 [45]

Answer:

a) Theory Y

Explanation:

Crater Valley Manufacturing has adopted the theory Y management approach. Theory Y proposes a participative management style, teamwork, and decentralization of the decision-making process. In the theory Y approach, managers encourage employees initiatives that will contribute to the success of the organization. Theory Y tries to match the organizations' objectives with the employees' aspirations.

<u>Some of theory Y assumption include</u>

Employees have a natural tendency to work and play.
Employees have self-direction and self-discipline in pursuit of organizational goals without external coercion or threats.
An average person seeks and accepts responsibilities.
Employee loyalty and commitment is as a result of job satisfaction and job reward.

5 0

3 years ago