To estimate the amount of money needed so you don't run out.
Answer:
63.54% (Approx)
Explanation:
The computation of the budgeted percentage contribution margin ratio is shown below:-
For computing the contribution margin ratio firstly we need to calculate the contribution margin in dollars
Contribution margin = Sales - Variable cost
= ($480,000 - $175,000)
= $305,000
Contribution margin ratio = Contribution margin ÷ Sales
= ($305,000 ÷ $480,000)
= 63.54% (Approx)
Complete Question:
A supervisor finds the mean number of miles that the employees in a department live from work. He finds x=2.9 and s=3.6. Which statement must be true?
z376 is within 1 standard deviation of the mean.
z37 is between 1 and 2 standard deviations of the mean.
z37 is between 2 and 3 standard deviations of the mean.
z37 is more than 3 standard deviations of the mean.
Answer:
z37 is between 2 and 3 standard deviations of the mean.
Explanation:
Standard deviation is a way of measuring of how much the value sample varies or disperses. A low standard deviation means that the values are near the mean value of the set, whereas a high standard deviation implies that the values are distributed over a wider range.
In reasonably average data sets, the values reflect about 68 per cent of the sample within 1 standard deviation from the mean; about 95 per cent in 2 standard deviations; and about 99.7 per cent within 3 standardized deviations.
True.
Segmentation allows a firm to break the customer market by different categories and groups, such as demographics, market location, age, gender, and more. The segmentation process uses data to help the firm choose its target market to capture the most value. The customer group selected is then the target market for the firm.
Answer:
$24,402.50
Explanation:
Medical expenses can be deducted only if they are above 7.5% of your AGI:
$277,300 x 7.5% = $20,797.50
Medical deductions = $29,000 - $20,797.50 = $8,202.50
Evan can deduct $8,700 in mortgage interests
Total deductions for state and local taxes for a single filer = $5,000
Charitable contributions are also deductible = $2,500
total deductions = $8,202.50 + $8,700 + $5,000 + $2,500 = $24,402.50
