Quartiles di<span>vide a distribution into four groups, and deciles divide a distribution into ten groups.
</span>Both quartiles and deciles are statistical term that describe a division of observations. The term quartiles describes division into four defined intervals based upon the values of the data and deciles into ten defined intervals.
Based on the type of business they run, we can infer that the wall clocks are <u>outputs. </u>
Operations involve:
- Inputs - materials and labor used to produce goods and services
- Equipment - help the labor produce
- Outputs - these are the final products of the production process
The wall clocks are sold by Claudia and Giada and so can be referred to as the final product of their business. This means that the wall clocks are therefore outputs.
In conclusion, the wall clocks are output.
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Answer: Economic cost = $175,000
Accounting cost = $100,000
Explanation: The difference between economic cost and accounting coast is economic cost takes into consideration the next best alternative foregone, that is, opportunity cost whereas accounting cost only sums cost incurred. In the given case the interest on savings and salary of job is the opportunity cost of Jill.
Therefore,
Economic cost = $5000 + $70,000 + $80,000 + $40,000 - $20,000=$175,000
Accounting cost = $80,000 + $20,000 = $100,000
Answer:
Annual interest expense = 10% x $500,000 = $50,000
Interest expense on June 30 = $50,000/2 = $ 25,000
The correct answer is A
Explanation:
In this case, there is need to calculate the annual interest expense, which is coupon rate (10%) multiplied by par value of the bond ($500,000). Then, we will divide the annual interest expense by 2 in order to obtain the semi-annual interest expense.
Answer:
REAL GDP
Explanation:
GDP typically used as a variable to measure a nation's economic strength within a certain time period. But often time, the value of GDP is a little bit jaded. If the inflation is high, an increase in GDP doesn't really mean that the country become more productive.
This is why there are many experts prefers to use REAL GDP as a more accurate unit to measure the economic strength.