Answer:
c. $36,070
Explanation:
contribution margin ratio is the ratio of the contribution to sales of an entity for a given period.
contribution margin ratio= contribution/sales
where contribution is the difference between sales and the variable cost
Given;
sales = $137,000
contribution margin ratio = 61% = 0.61
0.61 = contribution/$137,000
contribution = $137,000 × 0.61
= $83,570
Net operating income is the difference between the contribution and the fixed cost.
Fixed cost = $47,500
Net operating income = $83,570 - $47,500
= $36,070
Professional athletes attempting only to maximize income will defer larger salaries if DEFERRED PAYOUTS ARE ADJUSTED UPWARD TO COMPENSATE FOR FOREGONE INTERESTS.
If professional athletes, whose sole aim is larger income are asked to wait for sometime before collecting their salaries, with the promise that their incomes will be raise for the period of their waiting, then, most of them will gladly agree to the arrangement, since, they are sure of higher amounts.
Answer:
This is not necessarily evidence that the proportion of Americans who are afraid to fly has decreaseddecreased because belowbelow 0.10 because the proportion of sample, is nothing very close to 0.10.
Explanation:
n = 1100
p = 0.10
Using the formula np(1-p), we will have
= 1100(0.10)*(1 - 0.10)
= 1100*0.10*0.90
= 99
99 ≥ 10
This satisfies normal distribution condition. That is, proportion of sample are normally distributed.
When supply increases, the supply curve shifts to the right.
<h3>What is the supply curve?</h3>
This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.
Hence this answers our question by saying that When supply increases, the supply curve shifts to the right.
Read more on supply curve here: brainly.com/question/11717727
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Answer:
Incomplete question
First aspect of the question is typed below.
The shape of the distribution of the time required to get an oil change at a 20-minute oil-change facility
is unknown. However, records indicate that the mean time is 2l.2-minutes, and the standard deviation 3.5 minutes.
Explanation:
Employees bonus $50
35 oil changes between 10:00 am to 12:00pm
n = 35
10% changes
So, the z - score can be calculated using
z-score = InvNorm(0.10)
z-score = -1.28
So, given that,
Standard deviation is 3.5minutes
σ = 3.5 minutes
Mean time is 21.2 minutes
μx = 21.2 minutes
Then,
σx = σ / √n
σx = 3.5 / √35
σx = 0.5916 minutes
Then, Z score can be written as
Z = (x - μx) / σx
-1.28 = (x - 21.2) / 0.5916
Cross multiply
-1.28 × 0.5916 = x - 21.2
-0.7573 = x - 21.2
x = 21.2 - 0.7573
x = 20.443 minutes
There is a 10% chance of being at or below a mean oil-change time of 20.44 minutes
