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Daniel [21]
3 years ago
12

A cost that has characteristics of both a variable cost and a fixed cost is called a a.variable/fixed cost b.sunk cost c.discret

ionary cost d.mixed cost
Business
1 answer:
Readme [11.4K]3 years ago
3 0

A cost with the characteristics of both a variable cost and a fixed cost is called <u>d. mixed cost.</u>

<h3>What is a mixed cost?</h3>

A mixed cost is a cost consisting of a mixture of fixed and variable elements.

For a mixed cost, the costs are fixed at a certain level of output or consumption and then become variable after this level.

Thus, a cost with the characteristics of both a variable cost and a fixed cost is called <u>d. mixed cost.</u>

<u></u>

Learn more about mixed costs at brainly.com/question/8225307

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<h3>Two advantages of budgeting;</h3>

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7 0
3 years ago
Jimmy knows that to pass the fitness test he needs to be able to run 5 kilometers in 35 minutes. His pace monitor measures in mi
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Answer:

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

Explanation:

This can be expressed as;

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where;

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Time=35 minutes

replacing;

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The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

4 0
3 years ago
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A student believes that less than 50% of students at his college receive financial aid. A random sample of 120 students was take
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Answer:

P-value is greater than the significance level, we fail to reject null hypothesis.

Explanation:

Here,  

Sample size = n = 120

Sample proportion = p = 0.6500

Population Proportion = P_{0} = 0.5

Level of significance = α = 0.02

<u />

<u>Step 1: </u>

H_{0}: p = 0.5

H_{1}: p < 0.5 (Left tailed test)

<u></u>

<u>Step 2: </u>

The critical vale is = 2.0537

<u></u>

<u>Step 3:  </u>

The test statistic is,

z =  \frac{p - p_{0} }{\sqrt{\frac{p_{0} (1-p_{0}) }{n} } }

<u>Step 5: </u>

Conclusion using critical value: Since the test statistic value is greater than the critical value, we fail to reject null hypothesis.

<u>Step 6:  </u>

Conclusion using P-value: Since the P-value is greater than the significance level, we fail to reject the null hypothesis.    

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4 years ago
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