In the u.s each additional year of schooling has historically raised a person’s wage on average by about _________

You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s pape

Salsk061 [2.6K]

Answer:

Total number of copies that buy each morning is Q = 357.96

Explanation:

Given Data:

cost of per copy = $0.30

Buying cost for paper =$1.50

standard deviation = 57

mean = 285

$service\ level = \frac{ profit}{profit + per\ copy\ cost}$

$service\ level = \frac{1.50-0.30}{(1.50-0.30 )+0.30}$

service level = 0.80

z value for 80% is 1.28

Therefore total number of copies calculated as

$Q = \sigma z + \mu$

$Q = 1.28\times 57 +285$

Q = 357.96

8 0

3 years ago

Insetto Biological Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentsl

vichka [17]

Answer:

Units completed= 38,400

Units in process= 5,600

Explanation:

Giving the following information:

Beginning inventory= 0

During January:

44,000 units started

30,000 completed

14,000 remained in the process

The ending inventory in the Mixing Department was 60% complete concerning conversion costs.

<u>To calculate the equivalent units under the weighted average method, we need to use the following structure:</u>

Weighted average:

Beginning inventory= 0

Units completed in the period= 30,000

Ending inventory WIP= 14,000*0.6= 8,400

Units completed= 38,400

Units in process= 5,600

5 0

3 years ago

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adju

Llana [10]

Answer:

Explanation:

Gunnar Company September 30 Cash balance per books $2,750

Add:

Notes receivable $630

Less:

Deposit in transit. $200

Bank charge. $50

Outstanding Checks. $1,250

NSF Check. $290

Balance as per bank. $1,590

4 0

3 years ago

The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 24,

UNO [17]

Answer:

(1)

Compute the direct materials price and quantity variances. (Round your answers to 2 decimal places.)

save image

Explanation:

(1)

Standard quantity 30,060 units × 1/2 pound per unit = 15,030 pounds

(2)

Standard hours 30,060 units × 1/6 hour per unit = 5,010 hours

Actual rate per hour = $106,656/5,555 hours = $19.20

Explanation:

7 0

4 years ago

Were all loan proceeds used to purchase, build, or improve the home secured by this loan?.

8_murik_8 [283]

A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.

This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.

With this in mind, we can see that loan proceeds can be used to:

Buy a house
Go on a trip, etc

Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.

In the u.s each additional year of schooling has historically raised a person’s wage on average by about __________.