Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 112,000 $ 56,000 $ 168,000 Variable expenses 34,600 7,400 42,000 Contribution margin $ 77,400 $ 48,600 126,000 Fixed expenses 86,850 Net operating income $ 39,150 Required: 1. What is the overall contribution margin (CM) ratio for the company

Answers

Answer 1
The overall contribution margin ratio can be computed as follows:

Overall CM ratio = Total contribution margin/Total sales

= $141,600/177000= 80%

Related Questions

Discuss how one might use business analytics in their personal life. Select all that apply. A. A store might keep track of inventory and use it to decide what items are in demand. B. A reporter could analyze social media posts to see what types of people are more likely to share unverified news stories. C. An automobile owner can predict when the next maintenance will be due by recording things such as the miles driven and gas mileage. This would help them budget accordingly. D. A golf player might use statistics to help to diagnose problems and improve their game.

Answers

Answer:

A. A store might keep track of inventory and use it to decide what items are in demand.

C. An automobile owner can predict when the next maintenance will be due by recording things such as the miles driven and gas mileage.

Explanation:

Business analytics is an important tool which enables the user to record and keep track of business activities. The analysis of the recorded transactions in business will enable the user to predict about the future activities. An automobile owner can predict the maintenance due by keeping track of mileage. Store keeper may keep track of inventory usage.

Khaled is a preschool teacher working at a public school, but he is considering quitting his job to start a daycare facility of his own. Indicate which of the four types of interdependency is most relevant to each factor in Khaled's decision. Use the market for daycare facilities as Khaled's market of interest.

A. Khaled knows there are few daycare facilities in the area, but many families looking for daycare.

B. An increase in graduation rates for teachers saturates the market for preschool teachers. This decreases the wages of teachers.

C. If Khaled opens his own facility, he will be responsible for taxes, insurance, licensing, and facility upkeep, among other things. However, as a teacher Khaled will only need to keep up his teaching license. In addition, Khaled will not be able to take a long vacation in the summer if he runs a daycare center.

D. Khaled is up for a raise in the next 6 months at his teaching job.

Answers

It should be noted that since Khaled knows there are few daycare facilities in the area, but many families looking for daycare, this illustrates an example of dependencies between people or business in the same market.

Interdependencies.

It should be noted that an increase in graduation rates for teachers saturates the market for preschool teachers. This decreases the wage of teachers is an example of dependencies between markets.

In a scenario where Khaled opens his own facility, he will be responsible for taxes, insurance, licensing, and facility upkeep, among other things. However, as a teacher Khaled will only need to keep up his teaching license but will not be able to take a long vacation in the summer if he runs a daycare center, this is dependencies between each of your individual choices.

Lastly, when Khaled is up for a raise in the next 6 months at his teaching job, this scenario is an example of dependencies through time.

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Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $111,200, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $66,720. Shore paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Inventory fill in the blank 002d1202e07bfb8_2 fill in the blank 002d1202e07bfb8_3 Accounts Payable fill in the blank 002d1202e07bfb8_5 fill in the blank 002d1202e07bfb8_6 Accounts Payable fill in the blank 002d1202e07bfb8_8 fill in the blank 002d1202e07bfb8_9 fill in the blank 002d1202e07bfb8_11 fill in the blank 002d1202e07bfb8_12 fill in the blank 002d1202e07bfb8_14 fill in the blank 002d1202e07bfb8_15 fill in the blank 002d1202e07bfb8_17 fill in the blank 002d1202e07bfb8_18 fill in the blank 002d1202e07bfb8_20 fill in the blank 002d1202e07bfb8_21 fill in the blank 002d1202e07bfb8_23 fill in the blank 002d1202e07bfb8_24 Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. fill in the blank 2aa3cd04cfa0046_2 fill in the blank 2aa3cd04cfa0046_3 fill in the blank 2aa3cd04cfa0046_5 fill in the blank 2aa3cd04cfa0046_6 fill in the blank 2aa3cd04cfa0046_8 fill in the blank 2aa3cd04cfa0046_9 fill in the blank 2aa3cd04cfa0046_11 fill in the blank 2aa3cd04cfa0046_12

Answers

Answer:

SHORE CO BOOKS:

Dec 31

Dr Accounts receivables Blue star Co. $109,760

Cr Sales $109,760

Dec 31

Dr Cost of goods sold $66,720

Cr Inventory $66,720

Dec 31

Dr Cash $111,560

Cr Account receivable Blue star Co. $111,560

Dec 31

Dr Account receivable Blue star Co $1,800

Cr Cash $1,800

BLUE STAR CO BOOKS

Dr Inventory $111,560

Cr Accounts Payable $111,560

Dr Accounts Payable $111,560

Cr Cash $111,560

Explanation:

Preparation of the journal entries for Shore Co.'s entry for the sale, purchase, and payment of amount due

SHORE CO BOOKS:

Dec 31

Dr Accounts receivables Blue star Co. $109,760

Cr Sales $109,760

[$112,000*(100%-2%)]

Dec 31

Dr Cost of goods sold $66,720

Cr Inventory $66,720

Dec 31

Dr Cash $111,560

Cr Account receivable Blue star Co. $111,560

($109,760+$1,800)

Dec 31

Dr Account receivable Blue star Co $1,800

Cr Cash $1,800

BLUE STAR CO BOOKS

Dr Inventory $111,560

Cr Accounts Payable $111,560

($109,760+$1,800)

Dr Accounts Payable $111,560

Cr Cash $111,560

($109,760+$1,800)

Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 54,000 labor-hours. The estimated variable manufacturing overhead was $7.90 per labor-hour and the estimated total fixed manufacturing overhead was $961,200. The actual labor-hours for the year turned out to be 56,300 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)

Answers

Answer:

$17.80 per labor-hour

Explanation:

Predetermined overhead rate = Budgeted Fixed Overheads ÷ Budgeted Activity

                                                  = $961,200 ÷ 54,000 labor-hours

                                                  = $17.80 per labor-hour

Predetermined overhead rate for the recently completed year is $17.80 per labor-hour.

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership. Rosen owns land worth $10,000 and a small building worth $75,000, which she transfers to the partnership. Toso transfers to the partnership cash of $10,000, accounts recevable of $27,000 and equipment worth $14,000. The partnership expects to collect $24,300 of the accounts receivable.
Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit
(To record investment of Decker.)
(To record investment of Rosen.)
(To record investment of Toso.)
What amount would be reported as total owner's equity immediately after the investment?
Total owner's equity$_______

Answers

Answer:

to record Decker's investment:

Dr Cash 45000  

    Cr Decker, Capital 45000

to record Rosen's investment:

Dr Land 10,000  

Dr Building 75,000  

    Cr Rosen, Capital 85,000

to record Toso's investment:

Dr Cash 10,000  

Dr Accounts Receivable 27,000  

Dr Equipment 14,000  

    Cr Allowance for Doubtful Accounts 2,700

    Cr Toso, Capital 48,300

total owners' equity = $178,300

On June 30, 2018, Kimberly Farms purchased custom-made harvesting equipment from a local producer. In payment, Kimberly signed a noninterest-bearing note requiring the payment of $60,000 in two years. The fair value of the equipment is not known, but an 8% interest rate properly reflects the time value of money for this type of loan agreement. At what amount will Kimberly initially value the equipment? How much interest expense will Kimberly recognize in its income statement for this note for the year ended December 31, 2018?

Answers

Answer:

$2,058

Explanation:

Present value = Amount * (Present value of $1: n=2, i=8%)

Present value = $60,000 * 0.85734

Present value = $51,440

Interest expenses = Initial value of equipment * Interest rate * Number of years

Interest expenses = $51,440 * 8% * 6/12

Interest expenses = $2,058

The company recorded $5,000 sales with 60% contribution margin ratio in 2019. According to the sales manager, the company can increase the sales volume by 30% this year if the company spends $400 as advertisement expense and decreases the selling price by 10%, while unit variable cost remains the same. If CEO approves the plan, how does it affect the net operating income in 2020

Answers

Answer:

$150 Decrease

Explanation:

                  Income Statement

                                      Present    Proposed

Sales                              $5,000    $5,350 [(5000+30%)-10%]

Variable 10%                  $2,000    $2,000 (2000*130%)

Contribution Margin      $3,000    $3,250

Fixed cost                           -          $400  

Net Operating Income $3,000    $2,850

Effect on Net Operating Income = $2,850 - $3,000 = -$150

You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystopia) a year. You are now faced with the decision of whether to work a second job at the local university teaching a real-estate investing class, where the pay is 45,000 marks a year. Social insurance tax and income tax rates are listed below.

Social insurance taxes: 7.65% on your first 110,100 marks of total income
Income taxes:

Taxable income (in marks) Tax rate
0–8,700 10%
8,700–35,350 15%
35,350–85,650 25%
85,650–178,650 28%

a.) Using the information above, what would be the total amount you pay in social insurance taxes on your second job? Give your answer to two decimals.
b.) What is your income tax bill for the second job? Give your answer to two decimals.
c.) What is your total tax bill for the new job? Give your answer to two decimals.

Answers

Answer:

2,914.65

2nd question : 12,190.50

Explanation:

income to be taxed is equal to (110,100 - 72,000) = 38,100 conchs. The tax itself is 7.65% × 38,100 =  2,914.65

2nd explaination: 25% × (85,650 - 72,000) = 25% × 13,650 = 3,412.50 conchs

28% × (45,000 - 13,650) = 28% × 31,350 = 8,778

Total income tax = 3,412.50 + 8,778 = 12,190.50 .

"Income to be taxed is equal to = 2,914.65 and The Total income tax  is = 12,190.50. Find more information check below".

Calculation of Income Tax

Part-1: income to be taxed is equal to (110,100 - 72,000) = 38,100 conchs.

Therefore, The tax itself is 7.65% × 38,100 is =  2,914.65

Part-2: 25% × (85,650 - 72,000) = 25% × 13,650 = 3,412.50 conchs

Then, 28% × (45,000 - 13,650) = 28% × 31,350 = 8,778

Therefore, The Total income tax is = 3,412.50 + 8,778 = 12,190.50.

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Smith and Johnson are partners. Smith's capital balance in the partnership is $56,000, and Johnson's capital balance $42,000. Smith and Johnson have agreed to share equally in income or loss. Smith and Johnson agree to accept Benson for a 25% interest. Benson will invest $40,000 in the partnership. The bonus that is granted to Smith and Johnson equals:

Answers

Answer:The bonus that is granted to Smith and Johnson equals:$5,500

that is $2750 each for Smith and Johnson since they share equally.

Explanation:

Given that

Smith's capital balance = $56,000

Johnson's  capital balance = $42,000

Since the  partners agree to accept Benson with 25% interest

Benson  invests  $40,000

Now, After allowing Benson,  

Total Partnership Equity =Smith's Capital + Johnson's Capital + Benson's Investment

=$56,000 + $42,000 +$40,000 = $138,000

The share of Benson  in equity is given as,

$138,000 x 25% = $34,500

The Bonus that is present  for Smith and Johnson is

Benson's investment - Benson share of equity

= $40,000 - $34,500

=$5,500

Thus,

When equally shared becomes  $2750 each for both Smith and Johnson

Type the correct answer in the box. Spell all words correctly.
Complete the sentence using the correct term.
Heavy industrialization is polluting a natural lake in a certain area. The lake is a habitat for various natural flora and fauna. The local government is looking for ways to improve the condition of the lake and make it a tourist attraction. They should seek the help of a(n)

Answers

Answer:

(i know this is late) im taking the test on plato and I think it's a hydrologist

Explanation:


When originally purchased, a truck costing BD 23.000 had an estimated useful life of 8 years and an estimated salvage value of BD 3,000. After 4 years of
straight-line depreciation, the ascet's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage valoe. The
depreciation expense in year 3 cquals:
ABD 5,000
O & BD 5.750.
O CBD 2.875.
ODBD 2,500.

Answers

Answer:

d. BD 2,500

Explanation:

Accumulated Depreciation through the end of year 4 = [ Asset's cost - Salvage Value) / Estimated Useful Life] * Years Elapsed

= [(23,000 - 3,000)/8] * 4

= BD 10,000

Depreciation in Year 3 = [Asset's cost - Salvage Value - Accumulated Depreciation] / Remaining Estimated Useful Life

Depreciation in Year 3 = [23,000 - 3,000 - 10,000] / 4

Depreciation in Year 3 = 10,000 / 4

Depreciation in Year 3 = BD 2,500

38. Mary Catherine, an international student from Ireland, has a Form W-2 that shows amounts withheld for Social Security and Medicare taxes. Mary Catherine is an F-1 student who first arrived in the U.S. in 2018. What form should Mary Catherine use to claim a refund of her Social Security and Medicare taxes withheld

Answers

Answer: Form 843

Explanation:

As a taxpayer, Mary can use Form 843 to claim a refund of her Social Security taxes. First she tried to obtain the refund through her employer and should this fail, she should fill out a form 843 and submit it to get help on the claim.

The form can also be used to get an abatement on FUTA taxes as well as a refund of interest, penalties, or additions to taxes.

A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified and the associated costs and revenues have been estimated. Annual fixed costs would be $40,000 for A and $30,000 for B; variable costs per unit would be $10 for A and $12 for B; and revenue per unit would be $15 for A and $16 for B.
a) Determine each alternative’s break-even point in units.
b) At what volume of output would the two alternatives yield the same profit?
c) If expected annual demand is 12,000 units, which alternative would yield the higher profit?

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Alternative A:

Fixed costs= $40,000

Variable cost per unti= $10

Revenue per unit= $15

Alternative B:

Fixed costs= $30,000

Variable cost per unti= $12

Revenue per unit= $16

First, we need to calculate the break-even point in units using the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Alternative A= 40,000 / (15 - 10)

Alternative A= 8,000

Alternative B= 30,000 / (16 - 12)

Alternative B= 7,500  

To calculate the indifference point in units, we need to determine the net income equations:

Alternativa A= 5*x - 40,000

Alternative B= 4*x - 30,000

x= number of units

We equal both formulas and isolate x:

5x - 40,000 = 4x - 30,000

x = 10,000

The indifference point is 10,000 units.

Finally, the higher income for 12,000 units:

Alternativa A= 5*12,000 - 40,000= $20,000

Alternative B= 4*12,000 - 30,000= $18,000

For 12,000 units the best option is alternative A.

Suppose one-seventh of the employees of a certain company work in the Southeastern region. If the company employs 256 workers in that region, what is the total number of employees working for the company?

Answers

Answer:

1792

Explanation:

256 is 1 out of 7.

so 7 times 256 is 7 out of 7

256 x 7 = 1792

a) Determine a minimum inventory production plan (i.e., one that allows arbitrary hiring and firing). b) Determine the production plan that meets demand but does not hire or fire workers during the six-month period. c) Let’s say subcontracting is allowed. Let’s say we implement the constant workforce with subcontracting plan, what would the cost of subcontracting need to be to beat the cheaper of the two options above? d) Using this subcontracting cost of $50, formulate a LP and solve to optimality for the constraints of this problem

Answers

Answer:

Hello your question is incomplete attached below is the complete question

answer:

A) 32 units ( number of units per month per worker )

B) number of workers required = 975 / 32 ≈ 31

c) mean of the two values = 138 + 41 ) / 2 = $89.50

Explanation:

A) Determine a minimum inventory production plan ( i.e. one that allows arbitrary hiring and firing )

The number of units per month per worker = 32 units

To have a minimum/least inventory; production plan  = demand by hiring or firing

of employees

attached below is the table

B)  determine the production plan that meets demand but does not hire or fire workers during the six-month period

To determine this production plan we have to find the per month production = (Total demand - beginning inventory ) / 6

                   = ( 6350 - 500 ) / 6  = 975 units produced

number of workers required = 975 / 32 ≈ 31

C) Calculate The cost of subcontracting needed to beat the cheaper of the two options above

regular cost = 8 * 5 = $40

we will keep 30 workers in order to determine how much subcontracting is needed and the maximum and minimum value of each unit is kept hence the overall cost <  $253900.

if subcontracting cost = $138  then total cost = $253820

If subcontracting cost = $41  then total cost = $245090.

Therefore mean of the two values = 138 + 41 ) / 2 = $89.50

D) subcontracting cost of $50 formulating a LP and solve to optimality for the constraints of this problem

Z <= (Y+1)*7680 , X + 32Y >= 5850

A CEO who communicates about the opportunities and challenges facing the company to employees at all levels and in all departments is engaged in .:_______

a. sending routine messages
b. communication apprehension
c. horizontal communication
d. horizontal communication

Answers

Try looking for the worksheet with the answer key

Karen is a trusted employee whose productivity declines as she works more and more hours each day. After careful observation of her work performance, her manager prepared the following chart. Daily Number of Hours Worked by Karen / Total Numbers of Work Units Completed 1/100 2/190 3/270 4/340 5/400 6/450 7/480 8/500 Karen's total cost to the firm is $11 per hour. Each work unit completed is worth $0.21 to the firm. Ignoring all other possibilities and considerations, for how many hours should the firm hire Karen per day

Answers

Answer:

5 hours

Explanation:

Total Cost  = A x $11 per hr

Worth for the Firm = Number of units produced * Worth per unit

Benefit = D - C

Hours   Units Produced    Total Cost    Worth for the Firm    Benefit

1                   100                        11                      21.00                    10.00

2                  190                        22                    39.90                    17.90

3                  270                       33                     56.70                    23.70

4                  340                       44                     71.40                     27.40

5                  400                       55                    84.00                    29.00  (More benefit)

6                  450                       66                    94.50                    28.50

7                  480                         77                    100.80                   23.80

8                  500                        88                    105.00                   17.00

The monetary unit assumption: Multiple Choice Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. Means that we can express transactions and events in monetary, or money, units. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Means that a business is accounted for separately from other business entities, including its owner. Prescribes that a company record the expenses it incurred to generate the revenue reported.

Answers

Answer:

Means that we can express transactions and events in monetary, or money, units.

Explanation:

monetary unit assumption: Means that we can express transactions and events in monetary, or money, units.

Going concern assumption -  accounting information reflects a presumption that the business will continue operating instead of being closed or sold.

Time period assumption - Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.

Business entity assumption -  Means that a business is accounted for separately from other business entities, including its owner

Matching principle - Prescribes that a company record the expenses it incurred to generate the revenue reported.

if you have identified a risk, you have?
(a) figured it out how to eliminate it.
(b) recognized that it exists.
(c) publically announced it is a problem.
(d) decided not to reveal it

Answers

Answer:

B

Explanation:

you have recognized that it exists, you have not yet eliminated it or made any other decisions.

A company's income statement showed the following: net income, $115,000; depreciation expense, $30,500; and gain on sale of plant assets, $4,500. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $9,500; merchandise inventory increased $18,500; prepaid expenses increased $6,300; accounts payable increased $3,500. Calculate the net cash provided or used by operating activities.

Answers

Answer:

$129,200

Explanation:

Cash flow from Operating activities

net income,                                                                 $115,000

adjust for non cash items :

depreciation expense,                                               $30,500

gain on sale of plant assets,                                      ($4,500)

adjust for changes in working capital :

decrease in accounts receivable                               $9,500

increase in merchandise inventory                          ($18,500)

increase in prepaid expenses                                   ($6,300)

increase in accounts payable                                     $3,500

Cash flow from Operating Activities                       $129,200

Analysis of cash flows, analysis of competing hypotheses, consideration of analytical and accounting anomalies, big data and data analytics, consideration of the fraud triangle, use of graphical tools for analysis and communication, internal controls, the control environment and opportunity, interviewing for information and admissions, analysis of nonaccounting and nonfinancial numbers and metrics, financial statement and ratio analysis, consideration of red flags, and analysis of related parties are all examples of:

Answers

Answer:

Forensic accounting and fraud examination tools/techniques.

Explanation:

Forensic accounting is one that make use of auditing as well as accounting and investigative skills in conducting examination about the Businesses and individuals finances. It gives accounting analysis that could be used in legal proceedings. It is one of the tools/ techniques for fraud examination

Suppose that there are two types of employees: Narutos and Sasukes. Employers cannot distinguish between the two types during a job. interview, but they value Narutos more because everyone is more productive around them. Assume that the value of a Sasuke-type employee is $10 and the value of a Naruto type is $20. Also assume that the cost of education for a Sasuke is 2.5y and the cost of education for a Naruto is 2y, where y is years of education. If Narutos make up 25% ofthe population:
a. What is the pooling equilibrium wage?
b. What values of y will lead to a separating equilibrium?

Answers

Answer:

Explanation:

From the given information:

The average wage is expected to be paid to both workers since it is difficult tot distinguish between the two types.

w_s = 10

w_N = 20

ω_s = 2.5y

ω_N = 2y

proportion of N types (λ) = 0.25

proportion of S types (1-λ) = 0.75

Thus, the pooling wage = λ_Nw_N + λ_Sw_S

= (0.25 × 20) + (0.75 × 10)

= 5.0 + 7.5

= $12.5

(b)

The separating equilibrium can be computed as follows:

N-type ( High type) : w_N- w_S > ω_N

= 20 - 10 > 2y

2y < 10

y < 5

For an S-type (low type); the cost of education needs to be greater than the increment in wages if the education is acquired.

w_N- w_S > ω_S

If education is acquired, S-type will get wages as of N-types

Thus;

20-10 <2.5y

10 < 2.5y

y > 4

Hence, the value of y= (4,5)

if you calculating the simple interest and you are given the time in months. how can you find the time in years​

Answers

Answer:

Divide the months by 12

Explanation:

The following information was provided by Dylan Manufacturing: Work in process increased by $19,000. Finished goods inventory decreased by $33,000. Direct materials used totaled $54,000. Direct labor incurred totaled $42,000. The predetermined manufacturing overhead rate was $27.00 per machine hour. Actual manufacturing overhead totaled $77,000. The estimated machine-hours were 3,000 hours and the actual machine-hours was 2,800 hours. How much is the cost of goods sold before any adjustment for overapplied or underapplied overhead

Answers

Answer:

$185,600

Explanation:

Direct materials                       $54,000

Direct labour                            $42,000

Predetermined OH                  $75,600 (2800*$27)

Cost of goods manufactured  $171,600

Cost of goods sold = Cost of goods manufactured  + WIP increase - Finished good decrease

Cost of goods sold = $171,600 + (-$19,000) + $33,000

Cost of goods sold = $185,600

What is the difference between profit and revenue?

A. Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
B. Revenue is the total amount producers earn after subtracting the production costs. Profit is the total amount producers receive after selling a good.
C. Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers earn after subtracting the production costs.
D. Revenue is the total amount producers pay to manufacture a good. Profit is the total amount producers receive after selling a good

The correct answer on edge is A

Answers

Let's say, to produce one pencil you used $10. This is the cost of the product. You sell this pencil at a price of $15. $15 is your revenue, while $5 would be your profit, because 15-10 = 5.

The answer is correct.

An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is normally distributed with a mean of 41 months and a standard deviation of 4 months. On the basis of this information, determine the percentage of scanners that can be expected to fail in the following time periods:
a. Before 38 months of service
b. Between 40 and 45 months of service
c. Within ± 2 months of the mean life

Answers

Answer:

a) 22.663%

b) 44%

c) 38.3%

Explanation:

An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is normally distributed with a mean of 41 months and a standard deviation of 4 months. On the basis of this information, determine the percentage of scanners that can be expected to fail in the following time periods:

We solve the above question using z score formula

z = (x-μ)/σ, where

x is the raw score

μ is the population mean = 41 months

σ is the population standard deviation = 4 months

a. Before 38 months of service

Before in z score score means less than 38 months

Hence,

z = 38 - 41/4

z = -0.75

Probability value from Z-Table:

P(x<38) = 0.22663

Converting to percentage = 0.22663 × 100

= 22.663%

b. Between 40 and 45 months of service

For x = 40 months

z = 40 - 41/4

z = -0.2

Probability value from Z-Table:

P(x = 40) = 0.40129

For x = 45

z = 45 - 41/4

z = 1

Probability value from Z-Table:

P(x = 45) = 0.84134

Between 40 and 45 months of service

= 0.84134 - 0.40129

= 0.44005

Converting to Percentage

= 0.44005 × 100

= 44.005%

= 44%

c. Within ± 2 months of the mean life

+ 2 months = 41 months + 2 months

= 43 months

- 2 months = 41 months - 2 months

= 39 months

For x = 43

z = 43 - 41 /4

z = 0.5

P-value from Z-Table:

P(x = 43) = 0.69146

For x = 39

z = 39 - 41/4

z = -2/4

z = -0.5

Probability value from Z-Table:

P(x = 39) = 0.30854

Within ± 2 months of the mean life

= 0.69146 - 0.30854

= 0.38292

= 38.3%

1.Production runs can be scheduled in
A. only one shift
B. always two shifts
C. one or two shifts
D. up to three shifts
2.Hiring the Needed Complement will always eliminate
A. Overtime
B. worker layoffs
C. a Second Shift
D. strikes
3.Management should strive to
A. increase Turnover
B. decrease Turnover
4.Increasing Capacity tends to
A. reduce the Needed Complement
B. reduce the number of workers on Second Shift
C. reduce Overtime
5.Increasing Training Hours tends to
A. increase the Needed Complement
B. decrease the Needed Complement
C. neither increase nor decrease the Needed Complement
D. both increase and decrease the Needed Complement
6.Recruiting Costs are incurred when
A. Automation levels increase
B. Production runs increase and teams match hiring to Needed Complement
C. workers are assigned to a Second Shift
7.Assuming the Productivity Index is greater than 100%, adding Overtime will
A. increase the Productivity Index
B. decrease the Productivity Index
8.Worker training is entered by the
A. Hour
B. Dollar
9.Teams can eliminate all Recruiting Costs if they wish
A. True
B. False
10.Generally, Separation Costs will be incurred when
A. Production levels increase
B. Automation Levels increase
C. Production Levels decrease
D. Production levels decrease and / or Automation levels increase

Answers

Answer:

Explanation:

10)production levels decrease and/or automation levels increase

Retained earnings, December 31, 2019 $315,450
Decrease in total liabilities during 2019 68,700
Gain on the sale of buildings during 2019 24,150
Dividends declared and paid in 2019 6,750
Proceeds from sale of common stock in 2019 74,100
Net income for the year ended December 31, 2019 33,900

Required:
From the above data, calculate the retained earnings balance as of December 31, 2018. (Enter decreases with a minus sign to indicate a negative financial statement effect.)

Answers

Answer:

See below

Explanation:

Ending retained earnings = Beginning retained earnings + net profit - dividend

$315,450 = Beginning retained earnings + $33,900 - $6,750

Beginning retained earnings = $288,300

Therefore, retained earning balance is $288,300

When Disney acquired Marvel Comics on August 31, 2009, for $4.24 billion, management needed to determine whether there were opportunities to strengthen the business and leverage cross-business value-chain relationships, which would include all of the following potential opportunities, except Group of answer choices transferring valuable resources and capabilities from one business to another. sharing the use of powerful and well-respected brand names across multiple businesses. retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses. combining related value-chain activities of different businesses to achieve lower costs.

Answers

Answer:

retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.

Explanation:

When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.

Daria plans to retire in 20 years and wants to know how much she will need to have in her account when she retires. She wants to be able to withdraw $5,000 per month for 25 years of retirement, and she expects her account to earn a nominal rate of 9 percent per year. Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without $ sign.)

Answers

We know that she has 20 years left until she retire

We need to find the amount she have to save and add to her saving per year for the the next 20 years.

Given she wants to be able to withdraw $5000 per month for 25 years

25 years = 300 months

$5,000 x 300 months = $1,500,000

she will needs one million and five hundred thousand dollars when she retire

Let's say she just started saving

Daria needs to have present value of the annuity of 25 years, PV is then calculated using the PV function as follows:

=PV(rate,nper,pmt)

=PV(9%/12,12*25,5000)

=595808.11

The present value should be 595808.11.

Calculation of the present value:

Given that,

The 25 years = 300

The rate is = 9% /12

PMT = $5,000

Now the following formula should be used.

=PV(rate,nper,pmt)

=PV(9%/12,12*25,5000)

=595808.11

Learn more about rate here: https://brainly.com/question/24334808

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