Janice Sanders, CEO of Pine Crest Medical Clinic, is concerned over the number of times patients must wait more than 30 minutes beyond their scheduled appointments. She asked her assistant to take random samples of
65
patients to see how many in each sample had to wait more than 30 minutes. Each instance is considered a defect in the clinic process. The table below contains the data for 15 samples.
Sample
Number of Defects
Sample
Number of Defects
Sample
Number of Defects
1
7
6
6
11
2
2
4
7
6
12
3
3
7
8
5
13
2
4
4
9
5
14
8
5
5
10
4
15
5
Part 2
a. Assuming Janice Sanders is willing to use three-sigma control limits, construct the upper and lower control limits.
Part 3
The
UCLp
equals
enter your response here
and the
LCLp
equals
enter your response here.
(Enter
your responses rounded to four decimal
places.
If your answer for
LCLp
is negative, enter this value as
0.)
Answers
To calculate the upper and lower control limits (UCL and LCL) for the control chart, we'll use the three-sigma control limits approach. In this method, the control limits are determined based on the mean and standard deviation of the sample data.
First, we need to calculate the mean (X-bar) and standard deviation (sigma) for the given sample data.
Step 1: Calculate the mean (X-bar):
X-bar = (Sum of all sample defects) / (Number of samples)
X-bar = (6 + 1 + 7 + 6 + 11 + 2 + 4 + 7 + 6 + 1 + 3 + 7 + 8 + 5 + 10) / 15
X-bar = 95 / 15
X-bar = 6.3333 (rounded to four decimal places)
Step 2: Calculate the standard deviation (sigma):
Using the formula for sample standard deviation:
sigma = sqrt([(Sum of (Xi - X-bar)^2) / (n - 1)])
Calculating the sum of (Xi - X-bar)^2:
[\((6 - 6.3333)^2\)+\((1 - 6.3333)^2\) + \((7 - 6.3333)^2\) + \((6 - 6.3333)^2\) + \((11 - 6.3333)^2\) + \((2 - 6.3333)^2\) + (4 - 6.3333)^2 + (7 - 6.3333)^2 + (6 - 6.3333)^2 + (1 - 6.3333)^2 + (3 - 6.3333)^2 + (7 - 6.3333)^2 + (8 - 6.3333)^2 + (5 - 6.3333)^2 + (10 - 6.3333)^2] = 111.4667
sigma = sqrt(111.4667 ÷ (15 - 1))
sigma = sqrt(7.4311)
sigma = 2.7272 (rounded to four decimal places)
Step 3: Calculate the UCL and LCL:
UCL = X-bar + (3 × sigma)
LCL = X-bar - (3 ×sigma)
UCL = 6.3333 + (3 × 2.7272)
UCL = 6.3333 + 8.1816
UCL = 14.5149 (rounded to four decimal places)
LCL = 6.3333 - (3 × 2.7272)
LCL = 6.3333 - 8.1816
LCL = -1.8483 (rounded to four decimal places)
Therefore, the upper control limit (UCL) is approximately 14.5149, and the lower control limit (LCL) is approximately -1.8483. However, since the LCL should not be negative in this case, we can consider it as 0.
The UCL equals 14.5149 and the LCL equals 0.
Related Questions
Is International Bank of Commerce a local bank?
Answers
International Bank of Commerce, or IBC, is a financial institution that provides banking services to customers. To answer whether IBC is a local bank or not, we need to understand what the term "local bank" means.
A local bank typically refers to a financial institution that operates within a limited geographic area, usually within a city or a small region. Local banks typically focus on serving the needs of their local communities and offer a range of personal and business banking services.
International Bank of Commerce, on the other hand, operates in multiple states and has a much larger reach than just one local area. While IBC may have branches within a specific city or region, its services and operations extend far beyond that local area.
In conclusion, International Bank of Commerce is not considered a local bank because of its broader reach and services offered in multiple states.
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Hockley Brewing has produced a new craft lager beer that will be branded Hockley Classic Lager. The market for craft beer is about $20 million retail per year and the average retail price across all craft beer producers is $2. 50. The following information applies to Hockley’s new craft lager beer.
Factory production costs $1. 05 / can (Variable Cost)
Beer ingredients $0. 35 / can (Variable Cost)
Packaging $0. 20 / can (Variable Cost)
Advertising and promotion $60,000 (Fixed Cost)
Channel listing fees $30,000 (Fixed Cost)
Hockley’s wholesale price to retailers $2. 40 / can (Variable Cost)
(Hockley’s) manufacturer’s suggested retail price $2. 55 / can (Variable Cost)
a. What is Hockley’s unit contribution (measured in $ per can) and contribution margin (measured in percentage)?
b. What is the break-even point in cans? in dollars?
c. What is the necessary sales volume in cans to achieve a $150,000 (target) profit?
d. What will Hockley’s net profit be if 100,000 cans of the new lager are sold?
e. What will Hockley’s market share of craft beer be if they sell 100,000 cans?
f. Their largest competitor is Mill Street Brewery whose Original Organic Lager has 2. 5% market share of the craft beer market. Given Hockley’s market share calculated in part (e), what will Hockley’s relative market share (RMS) be for their Classic Lager?
g. The craft beer market is growing at 10% annually, higher than any other type of beer. With the RMS for Hockley Classic Lager calculated in part
(f), at the end of their first year, where in Hockley’s portfolio will Classic Lager be positioned and what recommendation would follow?
h. Calculate the price elasticity of demand if they raise the MSRP from $2. 55 to $2. 75 and demand falls from 100,000 cans to 95,000 cans. Is demand for this product price elastic or inelastic?
Answers
Hockley's unit contribution is $0.50 per can with a contribution margin of 19.6%. The break-even point is 180,000 cans or $432,000, and a sales volume of 480,000 cans is needed to achieve a target profit of $150,000.
a. Hockley's unit contribution is $0.50 per can ($2.55 - $2.05), and the contribution margin is 19.6% (($0.50 / $2.55) x 100).
b. The break-even point in cans can be calculated by dividing the total fixed costs ($60,000 + $30,000) by the contribution per can ($0.50). The break-even point is 180,000 cans. In dollars, the break-even point is $432,000 (180,000 cans x $2.40).
c. To achieve a target profit of $150,000, we need to calculate the necessary sales volume in cans. The formula is (Total Fixed Costs + Target Profit) / Contribution per can. Using the given numbers, the necessary sales volume is 480,000 cans.
d. If 100,000 cans of the new lager are sold, the net profit can be calculated as (Unit contribution x Sales volume) - Total Fixed Costs. With the given numbers, the net profit would be $10,000.
e. If Hockley sells 100,000 cans, their market share of craft beer can be calculated as (Sales volume / Total market size) x 100%. With a $20 million market size, their market share would be 0.5%.
f. Hockley's relative market share (RMS) for their Classic Lager can be calculated by dividing their market share by Mill Street Brewery's market share and multiplying by 100. With Hockley's market share of 0.5% and Mill Street Brewery's market share of 2.5%, Hockley's RMS would be 20%.
g. With an RMS of 20% for their Classic Lager, Hockley would be positioned as a significant player in the craft beer market. The recommendation would be to continue investing in and promoting the Classic Lager to further increase its market share.
h. The price elasticity of demand can be calculated using the formula: Percentage change in quantity demanded / Percentage change in price. In this case, the percentage change in quantity demanded is ((100,000 - 95,000) / 100,000) x 100% = 5%, and the percentage change in price is (($2.75 - $2.55) / $2.55) x 100% = 7.8%. Therefore, the price elasticity of demand is 0.64 (5% / 7.8%). With a price elasticity of less than 1, demand for this product is price inelastic, meaning that a price increase led to a proportionally smaller decrease in quantity demanded.
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PLEASE HELP!!
If you want to start an emergency savings fund and want to make sure your money is available at any given time, which is the best option for you?(1 point)
Responses:
1. a bank savings account
2. a money market mutual fund
3. a CD
4. a mutual fund
Answers
Answer:If you want to make sure your money is available at any given time, a bank savings account would be the best option for you.
Explanation:
which is a way to increase your net worth
Answers
Ways to increase your net worth are
Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.What is net worth?Generally, taking into consideration all financial assets and obligations of a person/company/household.
In conclusion, Consolidate or renegotiate your debts.
Keep your vehicles for as long as you can.
Boost your wages
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can someone help me with this business worksheet
Answers
Answer:
uhm heyyyy I can help
The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
Answers
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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Write a dynamic succseess plan for your capital growth
Answers
My dynamic success plan for capital growth is focused on four key areas: education, investment strategy, risk management, and discipline.
First and foremost, I will prioritize ongoing education to stay up-to-date on market trends and changes. I will dedicate time and resources towards researching and studying successful investment strategies and making informed decisions that align with my goals and values.
My investment strategy will be a diversified approach with long-term value in mind. I will focus on allocating resources to areas that have historically shown steady growth, while also being discerning with individual stock picks.
Risk management will also play a critical role in my success plan. I recognize that investing comes with inherent risks, and I will actively monitor and adjust my portfolio to balance risk and reward.
Finally, discipline is key to success in any endeavor. I will stick to my investment plan, stay patient through market fluctuations, and avoid reactionary decisions. Over time, I am confident that my focus on education, strategy, risk management, and discipline will help me achieve my capital growth goals.
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You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the project are as follows:
Years Cash Flow
0 – 100 1-10 + 16 On the basis of the behavior of the firm’s stock, you believe that the beta of the firm is 1.50. Assuming that the rate of return available on risk-free investments is 5% and that the expected rate of return on the market portfolio is 13%, what is the net present value of the project? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.)
Answers
The project's current value, taking into account future cash inflows and outflows, is $13. 47 million
The CAPM is utilized to compute the expense of equity.
How to solveThe CAPM formula is:
Cost of equity = Risk-free rate + Beta * (Market risk premium)
In this case, the risk-free rate is 5%, the market risk premium is 8%, and the beta is 1.50.
Therefore, the cost of equity is:
Cost of equity = 5% + 1.50 * 8% = 13%
The NPV of the project is calculated by discounting the project's cash flows to the present value using the cost of equity. The NPV is:
NPV = -100 + 16/(1 + 0.13)^1 + ... + 16/(1 + 0.13)^10 = 13.47
Therefore, the NPV of the project is $13.47 million.
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4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answers
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
Heila is the daughter of your neighbor, Mary. She and her 6-year-old son moved in with Mary in August. Mary would like you to prepare a return claiming the grandson as her qualifying child. What do you do? File the return since you know that Mary has done them a favor by allowing them to move in.
Answers
Answer:
The options are missing:
File the return since you know that Mary has done them a favor by allowing them to move in. Explain the residency requirement and file the return showing the grandson lived with Mary for more than half the year. File the return, but only after Mary assures you that Sheila will not be claiming her son. Explain to Mary that she is not eligible to claim her grandson, and that you cannot knowingly file an incorrect tax return.My answer would be:
4. Explain to Mary that she is not eligible to claim her grandson, and that you cannot knowingly file an incorrect tax return.
Explanation:
This is both a legal and ethical question.
Legally, Mary is not allowed to deduct Heila's son as her dependent because she only lived with her for 5 months and the minimum requirement is 6 months.
Ethically, you are asked to benefit someone that is your friend (or might not), but in order to do so you must break the law. Is it ethical to break the law in order to benefit an specific person? The answer is no, the law should be the same for everyone. To be honest, no one will probably even realize that you did something illegal, but bad actions always have consequences and we do not always realize them.
An employee for a beverage company combines the ingredients used in creating a particular drink mix. Later he/she is fired from the company and decides to sell the same mix under a new label to a competing company. What concept might be represented in this action
Answers
The concept represented in this action is "trade secret misappropriation."
In this scenario, the employee has used confidential information acquired during their employment, such as the specific drink mix formula, to create a competing product after being fired.
Trade secret misappropriation occurs when an individual discloses or uses confidential information, such as a secret formula, without authorization. In this case, the employee has exploited the company's trade secret for their benefit by selling the drink mix to a competing company, potentially causing harm to the original company's business.
The concept illustrated in this scenario is trade secret misappropriation, as the employee has used confidential information to create a competing product for another company without permission.
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Increasing opportunity costs of producing goods imply that the production possibilities curve will be? a. downward sloping.
b. upward sloping.
c. bowed inward.
d. bowed outward.
Answers
The production opportunities curve will be bent outward as opportunity costs for manufacturing items rise. (Choice d)
What do you mean by opportunity costs?According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. More precisely, it means that if you pick for one activity, you forfeit the chance to choose a different one. As an illustration of opportunity cost, taking public transit instead of driving one's own vehicle to a certain location can save money that would otherwise need to be spent on fuel.
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effective economic demand requires
Answers
Directions:
Select a product or service to sell.
Now determine the target market for your product or service by answering the following questions in a table:
Are your target customers male or female?
How old are they?
Where do they live? Is geography a limiting factor for any reason?
What do they do for a living?
How much money do they make? This is important if you are selling expensive or luxury items.
What other aspects of their lives matter? For example, do they need to be homeowners?
Now, identify your product or service and explain what your target market is and why.
Answers
Answer:
1. I intend to sell the luxury car brand, Lamborghini.
2. My main target customers are males.
3. The age range of my target customers is 25 - 45.
4. They live in the cities and urban areas. Geography is a limiting factor because the larger percentage of the males who will patronize the brand have occupations in the cities.
5. They are most likely in the entertainment industry. They could also be top directors in the professional fields.
6. They make $50,000 and above monthly.
7. They are interested in glamor, have high tastes, and associate with the elites in society. They would be financially strong and should have established assets like homes where such expensive cars can be parked.
Explanation:
I intend to sell a luxurious car brand to a target market consisting mostly of males. Most males in the entertainment industry love expensive car brands and are most times competing with themselves on who has the better and latest car. Their age range is 25 to 45-year-old for this group are still in their prime where flashy and expensive things still appeal to them. They would likely reside in the cities where there are good roads for these vehicles and where they can relate with others in the same class.
Identification of a target market is important for it helps the seller to remain focused and not to hit amiss. Time and energy will be thus saved.
An article in a newspaper explains that a new business is about to open.
Answers
Answer:
So what's the question......??????
The loans that were most profitable tended to
have the shortest/ longest terms and the
lowest/highest monthly payments.
Circle the correct term
Answers
Question:
The loans that were most profitable tended to have the
A) Shortest terms, lowest monthly payments
B) Shortest terms, highest monthly payments
C) Longest terms, lowest monthly payments
D) Longest terms, highest monthly payments
Answer:
The correct option is C) Longest terms, lowest monthly payments
Explanation:
We don't know the nature of the loan and the conditions of disbursement so I'll make certain assumptions here.
As with all debts, every credit given must be paid back.
If the nature of the credit is that it has a short term and high monthly payback, it may put the business under undue pressure, thus defeating the real purpose behind the reason for the credit. Many businesses borrow money to solve a problem. It may be expansion problems, or business recovery problems. In either case, the business always requires ample time to regain traction.
So to request for the payback in less time than it takes for the business to generate traction in terms of customers, market awareness, and real business activity is counter-productive. Many times this is the case, as investors want to recoup their capital as quickly as possible.
So, from the standpoint of the loan recipient, when loan facilities, however, are spread over a longer period with low monthly paybacks, it gives the business room for more operational flexibility as far as finances are concerned. The business is able to weather "teething" periods and payback the funds. Long terms allow the business more time to trade the funds thus generating more profit.
Cheers
As there is no known form of the loan or the terms of disbursement, there will be made assumptions here to answer the queston. Every credit issued must be repaid, just like any other loan.
The Longest term, lowest monthly payments are the correct answer:If the credit has a short-term and a large monthly payback, it may put the business under unnecessary stress, negating the factful objective of the credit. So requesting payment sooner than the time it takes for the business to gain market awareness, momentum in terms of clients, and actual commercial activity is counterproductive. This is often the case since investors want to get their money back as soon as possible.As a result, from the perspective of the loan recipient, when loan facilities are stretched over a longer length of time with modest monthly paybacks, it allows the business to have greater operational flexibility in terms of finances.
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a convenience store owner is contemplating putting a large neon sign over his store. It would cost 50000 but is
Answers
Answer:
$24,000
Explanation:
It would cost $50,000, but is expected to bring an additional $24,000 of profit to the store every year for five years.
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Why might someone decide to lease a home?
What types of things are landlords responsible for when renting homes?
What types of things should you consider if you are buying a newly built home?
What’s the difference between a condominium and an apartment?
Put in your own words
Answers
Answer:
The answer is below
Explanation:
1. There are various reasons someone might decide to lease a home, one of which is to maintain a budget as the tenant only pays rent and utility bills rather than property taxes, repairs, maintenance, and replacement cost.
2. Some types of things landlords are responsible for when renting homes is to provide a comfortable, safe, and neat home for the tenant. This includes payments of property taxes, repairs, maintenance, and replacement.
3. Some types of things you should consider if you are buying a newly built home are finances, location, timelines or duration, design, purpose: if it is for personal use or rent, etc.
4. Apartment is a rented residential space, while the condominium is an owned residential space. This implies that that, a residential space that is occupied by a tenant is called an apartment, while the one occupied by the actual owner is called a condominium.
the card, he purchased an Apple iPhone 7 for $460.00. The minimum payment on the card is only $10 per month. a. If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Do not round intermediate calculations. Round your answer to the nearest whole number. month(s) b. If Simon makes monthly payments of $30, how many months will it be before he pays off the debt? Do not round intermediate calculations. Round your answer to the nearest whole number. month(s) c. How much more in total payments will Simon make under the $10−a− month plan than under the $30-a-month plan. Do not round intermediate calculations. Round your answer to the nearest cent. $
Answers
a. To calculate the number of months it will take to pay off the card with the minimum monthly payment, we can divide the total balance by the monthly payment.
Total Balance = $460.00
Monthly Payment = $10.00
Number of Months = Total Balance / Monthly Payment
Number of Months = $460.00 / $10.00
Number of Months = 46 months
Therefore, it will take Simon approximately 46 months to pay off the card with the minimum monthly payment.
b. To calculate the number of months it will take to pay off the debt with a monthly payment of $30, we can again divide the total balance by the monthly payment.
Monthly Payment = $30.00
Number of Months = Total Balance / Monthly Payment
Number of Months = $460.00 / $30.00
Number of Months = 15.33 months
Therefore, it will take Simon approximately 15 months to pay off the debt with a monthly payment of $30.
c. To calculate the difference in total payments between the $10-a-month plan and the $30-a-month plan, we need to calculate the total payments made under each plan.
Total Payments under $10-a-month plan = Monthly Payment * Number of Months
Total Payments under $10-a-month plan = $10.00 * 46
Total Payments under $10-a-month plan = $460.00
Total Payments under $30-a-month plan = Monthly Payment * Number of Months
Total Payments under $30-a-month plan = $30.00 * 15
Total Payments under $30-a-month plan = $450.00
Difference in Total Payments = Total Payments under $10-a-month plan - Total Payments under $30-a-month plan
Difference in Total Payments = $460.00 - $450.00
Difference in Total Payments = $10.00
Therefore, Simon will make approximately $10.00 more in total payments under the $10-a-month plan compared to the $30-a-month plan.
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the degree to which a system's components can be separated and recombined is known as its
Answers
The degree to which a system's components can be separated and recombined is known as its modularity.
Modularity refers to the extent to which a system or product can be broken down into discrete components or modules, each of which can be developed or modified independently of the others. This allows for greater flexibility and efficiency in design, production, and maintenance.
Modularity is important in various fields such as engineering, software development, and manufacturing. In engineering, modular design can lead to more efficient production and greater adaptability to changes in the design, reducing the time and cost required to make modifications.
In software development, modular design can help to create more scalable and maintainable code, as well as easier testing and debugging.
Overall, modularity is a key concept in systems thinking and can greatly impact the effectiveness and efficiency of a system or product.
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Supply of a product is likely to go down in which situation?
A. Businesses expect the product's price to rise.
B. New technology makes the product cheaper to produce.
C. Skilled workers join companies that make the product.
D. The government raises taxes on the product.
Answers
When meeting customer employees should blank them in a friendly and polite manner
Answers
Answer: 1.When meeting customers, employees should greet them in a friendly and polite manner.2.When providing customer service, employees must first listen the customer’s needs.3.Employees must treat all customers with respect.4.When employees make a mistake, they must take responsibility for it.5.Employees must communicate with customers clearly and respectfully.6.After helping customers, employees should thank them for their business.7.Employees should never promise to do something they cannot or are not authorized to do.
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Your social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly
target 250,000 users with an estimated click rate of 1%. Which will get more clicks?
Answers
Answer:
Narrow targeting
Explanation:
1% of 250,000 is 2,500
10% of 50,000 is 5,000
A social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly target 250,000 users with an estimated click rate of 1%. The narrowly target is the best way.
What is social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
The social media promotion is the part of the marketing. The narrowly target is the specific niche of consumers is the target market on the right time to the right audience. The broadly target to the cover the large level of the audience. The narrowly target is the best option in the social media promotion.
The calculation are:
1% of 250,000 is 2,50010% of 50,000 is 5,000As a result, the significance of the social media are the aforementioned.
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What is the return rate for brick-and-mortar stores?
A. 10%
B. 20%
C. 3%
D. 15%
Answers
The return rate for brick-and-mortar stores that one will receive is 3%. Hence, Option C is correct.
What is the return rate?A return rate is something that an individual receives in exchange or returns for something else. One can receive this return in various cases, like when someone has lent money to someone for a particular period of time.
In other words, the return rate, or rate of return, is the amount received after making any type of investment. The amount that they will receive in addition to that particular amount is the amount that gets after the calculation of the percentage of the return rate, and that percentage is fixed.
Therefore, it is the return that one has to make after the completion of the time period for which the investment has been made. Option C is correct.
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Part III Choose the best answer for the listed below multiple choice questions. (1 point each)
1. Which of the following is correct about work in process inventory? A) Cost assigned to goods and materials on hand but not yet placed into production.
B) Cost of raw material on which production has been started but not completed including labor cost
C) Cost of raw material on which production has been started but not completed without labor cost
D) Non-of the above
2. If ending inventory is understated, the cost of merchandise sold will be overstated, and if ending inventory is overstated, the cost of merchandise sold will be understated. Which of the following best describe this relationship?
A.Direct relationship
B.Inverse relationship
C.No relationship
D.Positive relationship
3. Which of the following cost assigning method used when each item in inventory can be directly identified with a specific purchase and its invoice?
A) Specific identification
B. FIFO
C. LIFO
D. Weighted average
4. Which of the following is best describe the characteristics of LIFO yields in the periods of rising (increasing) prices (or if there is inflationary trend)?
A) Higher ending inventory
B) Lower cost of merchandise Fundamentals of Accounting II Assignment
C. Higher gross profit
D. Lower ending inventory
5.Which of the ff is best described the amount of income that an organization erns from selling of items after deducting their cost?
A.Net profit method
B.Retail method
C.Lower of cost or Market method
D.Gross profit method
6.Which of the ff is not catagorized under the catagory of tangiable assets
A.Land and buildings
B.Trucks
C.Goodwill,patents,copy rights,franchise,Trade marks
D.Equipment andmachineries
7.One of the ff methods of computing deprecoation for plant asset?
A.The straigt line and units of production method
B.The double declining balance method
C.The sum of the year digits method
D.All
Answers
Answer:
1. B) Cost of raw material on which production has been started but not completed, including labor cost.
2. B) Inverse relationship.
3. A) Specific identification.
4. D) Lower ending inventory.
5. D) Gross profit method.
6. C) Goodwill, patents, copyrights, franchise, trademarks.
7. D) All.
Will give brainliest to anyone who can explain how to solve this
Answers
Find the amount of markup by subtracting the store cost from sale price:
25-5 = 20
Divide markup amount by cost:
20/5 = 4
Multiply by 100 to get percentage
4 x 100 = 400 %
The answer is B. 400%
Answer:
Explanation:
After-Before/Before = 25-5=20 / 5=4 = 400%B
When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.
Answers
The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.
A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.It do occur when government give that control to a firm on essential service such as water treatment.
Therefore, option B is correct.
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Answer:
B. a natural monopoly.
Explanation:
For an agreement to be a sale, title must pass at the time the agreement is made
Answers
It is a false statement that the title must pass at the time the agreement is made for an agreement to be a sale because in a sales contract, the title passes to the buyer at the time and the place the seller performs by delivering the good.
What is known as Contract of sales?In law, a contract of sale refers to the agreement between a seller and a buyer. Here, the seller will agrees to deliver or sell something to a buyer for a set price that the buyer has agreed to pay. With this, such transfer of ownership happens when the buyer pays and the seller delivers.
However, this contract does changes in situations where the seller cannot yet deliver the item that is sold, it also happens when the buyer cannot yet pay the full price. But both the parties can still agree on transferring the ownership to the person buying in these situations mostly, as long as such seller is ready to deliver what is being sold.
Full question "For an agreement to be a sale, title must pass at the time the agreement is made. True/False".
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What is the first and most important of financial planning?
Answers
Making a budget is the most crucial first step in financial planning. While creating a budget is simple, maintaining it is more difficult. having the restraint to take the time, though.
Which component of financial planning is more important?Essentially, it helps you maintain control over your income, expenses, and assets so that you can manage your money and reach your goals.
What vital component of financial planning?The connection between objectives and investments is the key component of a sound financial strategy. All of our goals—including home ownership, sending our children to college, witnessing their marriages, and leaving a legacy for our loved ones—are emotionally laden.
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If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answers
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned