Answer:
False
Explanation:
Since for finding out whether the offer is accepted or not, first we have to determine the total cost at 600 number of players and for 601 number of players which is
The total cost of 600 players is
= 600 × $300
= $180,000
The total cost of 601 players is
= 601 × $301
= $180,901
Now the marginal cost is 601 player is $901 which is difference between the $180,000 and $180,901 that is higher than the offered price i.e $550
Therefore, the offer should not be accepted
C.
A Forward Rate Agreement (FRA) is an OTC rate derivative in which the buyer will pay or receive at maturity the difference between a fixed rate and a reference interest rate applied onto either a borrowing or lending (the notional is never exchanged), for a specific period of time.
In a sales mix condition at any level of units vended the net income will be higher if more higher contribution margin units are sold than lower contribution margin units. The sales mix is the comparative proportion in which a company vends its multiple goods. In addition, the contribution margin ratio is contribution margin separated by sales.
Answer:<u><em> Lower limit = 88.1</em></u>
<u><em>Upper limit = 126.1</em></u>
Explanation:
Given :
Sample mean = = 107.1
Sample standard deviation = s = 30.7
Sample size = n = 9
∴ Degree of freedom = = n - 1 = 8
∝ = 1 - confidence interval = 1 - 0.90 = 0.10
= 0.05
From t-distribution table;
= 1.860
∴ Margin of error(MOE) = ×
= 1.860×
=19.03
<u><em>∴ Lower Limit = 107.1 - 19.03 = 88.1</em></u>
<u><em>Upper limit = 107.1 + 19.03 = 126.1</em></u>