spectrum corp desires a 25% target gross profit after covering all product costs: considering the total product costs assigned t
1 answer:
Answer:
Note: "<em>The full question is attached as picture below"</em>
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Required selling price for product = Total product cost / Product cost as a percentage of selling price
Note: <em>When the gross profit rate is 25%, this means that Product cost as a percentage of selling price is 75%</em>
Total cost assigned for product C = $1,396
Total cost assigned for product D = $3,158
<em>What would Oak have to charge the customer to achieve that gross profit?</em>
Charge to the customer for Product C:
= $1,396 / 0.75
= $1861.333333333333
= $1,861.33
Charge to the customer for Product D:
= $3,158 / 0.75
= $4210.666666666667
= $4,210.67
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Answer:
So the answer for this case would be n=12 rounded up to the next integer
Explanation:
represent the sample mean
population mean (variable of interest)
s=840 represent the sample standard deviation
n represent the sample size
The margin of error is given by this formula:
(a)
And on this case we have that ME =150 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The critical value for 95% of confidence interval, the significance level if 5% and the critical value would be , replacing into formula (b) we got:
So the answer for this case would be n=12 rounded up to the next integer