17. Which of the following is an example of a

Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 150

mafiozo [28]

Answer:

(a) $8.20

(b) $1,125,000

(c) 125,000

Explanation:

(a) Unit selling price:

= (Total cost incurred + Desired profit) ÷ Number of units sold

= ($630,000 + $600,000) ÷ 150,000

= $8.20

(b) Profit = Dollar sales - Variable cost - Fixed cost

($ sales × 20% profit) = $ sales - ($ sales × 60%) - $225,000

($ sales × 20% profit) = ($ sales × 40%) - $225,000

$225,000 = ($ sales × 40%) - ($ sales × 20% profit)

$225,000 = ($ sales × 20%)

Dollar sales = $225,000 ÷ 20%

= $1,125,000

(c) No. of units required to be sold:

= Dollar sales ÷ Selling price per unit

= $1,125,000 ÷ $9

= 125,000

4 0

3 years ago

2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assu

lara [203]

Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.

Explanation:

Cochran’s Sample Size Formula gives the minimum number of students as $n= \frac{z^{2}pq }{e^{2} }$

Where:

e is the desired level of precision (i.e. the margin of error),

p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.

The z-value for 95% confidence interval is found to be 1.96 in a Z table.

Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.

Then $n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )$

$n= frac{0.9604}{0.0025} }$

$n= {384.16 }$

Rounding up, $n= \frac{385 }$

But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:

$s = \frac{n}{1 + \frac{n - 1}{N} }$

Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.

$s = \frac{385}{1 + \frac{385 - 1}{1000} }$

$s = \frac{385}{1 + \frac{384}{1000} }$

$s = 278$

8 0

4 years ago

A company which sources raw materials and components from overseas will hold extra inventory of these items due to a mismatch be

Cloud [144]

Answer: Transportation Inventory

Explanation: Transportation or transit inventory is a type of inventory that accounts for goods a company has paid for but is yet to be delivered to their warehouse.

The company described in the question is involved in transit inventory and ensures to keep reserves of products they sell, in case their goods are not delivered before the time their customers need them.

5 0

3 years ago

Which of the following correctly orders the investments from LOWER risk to HIGHER risk? ATreasury bond − Stock − Diversified mut

irakobra [83]

The correct answer is letter D: Diversified mutual fund - Treasury bond - stock.

These orders of investments ensure a systematic low to high risk possibilities. A company needs to look into possible options where it can invest its assets in the form of a diversified mutual fund. Upon doing this, securing a bond from the state is wise investment in case loans are too high or the company comes to debts. The last risk would be engaging in stocks or the deliberation of this to several company owners.

3 0

3 years ago

Fictional town A has a population of 200,000. In town A, 100,000 are 16 years of age or older. There are

k0ka [10]

Answer is yes there are.

6 0

3 years ago