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s2008m [1.1K]
3 years ago
11

A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. the management decides to evaluate t

he satisfaction surveys of its next 40 customers. the dealer will be fined if the number of customers who report favorably is between 22 and 26. the dealership will be dissolved if fewer than 22 report favorably. it is known that 70% of the dealer's customers report favorably on satisfaction surveys
Business
1 answer:
nikklg [1K]3 years ago
7 0
The probability that the dealer will be fined is 0.0948
To find p(a <= Z <= b) = F(b) - F(a)
P(X < 20) = (20 - 30.5)/3.4489
= -10.5/3.4489 
= -3.0444
= P(Z < -3.0444) from standard normal table
= 0.00117
P(X < 26) = (26 - 30.5)/3.4489
= -4.5/3.4489 = -1.3048
= P(Z < -1.3048) From standard normal table
= 0.09599
P(20 < x < 26) = 0.09599 - 0.00117 = 0.0948

The answer in this question is 0.0948
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Answer:

1. Stockholders' equity = $30.5 million;

2. Debt-to-equity ratio = 1.65

3. See explanation

Explanation:

1. Stockholders' equity calculation:

We know, according to the balance sheet equation,

Total Assets = Total liabilities + Stockholders' equity

Given,

Total Assets = $80.7 million

Total liabilities = Current liabilities + long-term liabilities

Total liabilities = $10.7 million + $39.5 million

Total liabilities = $50.2 million.

Therefore, total stockholders' equity = Total assets - Total liabilities

Total stockholders' equity = $80.7 million - $50.2 million

Total stockholders' equity = $30.5 million.

2. We know,

Debt-to-equity ratio = \frac{Total debt}{Total stockholders' equity}

When a company seeks to measure its financial leverage, that company uses debt-to-equity ratio. It also suggests that how much capital contributed by the creditors.

From requirement 1, we get,

Total liabilities = $50.2 million.

Total stockholders' equity = $30.5 million.

Therefore, Debt-to-equity ratio = \frac{50.2}{30.5}

Debt-to-equity ratio = 1.65

3. The journal entry to record the lease agreement -

Debit   Lease account         $15.7 million

Credit  Lease liability                         $15.7 million

(when the company enters into the lease agreement)

4 0
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A firm had after-tax income last year of $3.0 million. Its depreciation expenses were $0.6 million, and its total cash flow was
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Answer:

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5 0
2 years ago
Charismatic leadership is now considered part of ______ leadership.
boyakko [2]

Answer: Option E

                     

Explanation: In simple words, charismatic leadership refers to the leadership style under which the leader tries to change and influence the behavior of his or her followers by using communication and positive personality traits.

This strategy is seen as informational strategy as similar to this, charismatic  strategy also tries to change and transform the behavior of the  target individual so he or she will be able to perform their task more efficiently.

   Charismatic leaders generally possess high level of confidence and conviction and pursue tactics of dominance and string motoring.

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3 years ago
How do you feel about the pandemic? Vaccinations? Masks?
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Explanation:

just my opinion.

5 0
3 years ago
Read 2 more answers
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of materi
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Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

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