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Vika [28.1K]
3 years ago
15

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation

of $5,000. Refer to Exhibit 6-4. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $47,500
Business
1 answer:
Sophie [7]3 years ago
8 0

Answer: The answer is 6.68%

Explanation:

Using the z value formula

Z = x - mean / standard deviation

x = $47,500

Mean = $40,000

Standard deviation = $5,000

= 47,500 - 40,000 / 5,000

= 7,500 / 5,000

= 1.5

Then we look for z value of 1.5 to the left of normal distribution table because the probability is at least

The z value is 0.0668

0.0668 × 100

= 6.68%

Therefore the probability that an individual with an MBA degree will get a starting salary of at least $47,500 is 6.68%

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A legal firm would be considered a service company because they provide legal services to clients and persons.
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What is one action an employer can take to lower wage levels?
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The answer is C. Replace workers with machine

It's common for a company to replace workers with maschines in order to do hard menial labour such as wrapping packages, cutting products, shaping the products, moving the raw material, etc. which could increase efficiency and lower wage levels at the same time
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3 years ago
the ending balance of the retained earnings account appears in group of answer choices only the statement of stockholders’ equit
evablogger [386]

The ending balance of the retained earnings account appears both in the statement of stockholders’ equity and the balance sheet.

<h3>Where does retained earnings appear?</h3>

Retained earnings is the profit left after dividends have been paid. It is the profit that is not paid out to shareholders as dividends.

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a point in time. The retained earnings appears in the equity section of the balance sheet.

The statement of stockholders’ equity records the owners equity and changes to the owners equity during a financial year.

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5 0
2 years ago
An alternative name for Bad Debt Expense is A. Collection Expense.B. Credit Loss Expense.C. Uncollectible Accounts Expense.D. De
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Answer:

An alternative is also known as Uncollectible accounts expense

Explanation:

A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay an outstanding debt due to bankruptcy or other financial problems.

Bad debt expenses are generally classified as a sales and general administrative expense and are found on the income statement. Recognizing bad debts leads to an offsetting reduction to accounts receivable on the balance sheet.

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6 0
3 years ago
The artisans at Jewelry Junction in Phoenix are preparing to make gold jewelry during a 2-month period for the Christmas season.
SVEN [57.7K]

Answer:

The max revenue is "$32,300". The further explanation is described below.

Explanation:

(a)

The composition as well as response of models within 6 rows seems to be as described in the following:  

Maximum 1650B + 850N + 790P (B bracelets, N necklaces and P pins produce overall revenue)  

Yes of course,

The total gold ounces will be:

⇒  6.3B+3.9N+3.1P < = 125

The total labor hours will be:

⇒  17B+10N+7P < = 320

Integers B, N, P will become  

The response for LINDO is:

B=10.0.

N=0  

P=20  

Final Value of Maximization will be:

= 32,300

(b)

  • 10 bracelets, hardly any necklaces as well as 20 pins should always be made by the shop.  
  • These goods utilizing 125 ounces of gold simultaneously,  
  • It would use 310 hours of labor although 10 hours would then stay unused.  

The maximum salary will become:

= $32,300.

8 0
3 years ago
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