User | Alonzo Doby | Course | Spring2014-ECO2023-Princ Economics II-397328 | Test | Chapter 4 Quiz | Started | 2/12/14 10:49 PM | Submitted | 2/12/14 11:24 PM | Due Date | 2/19/14 11:59 PM | Status | Completed | Attempt Score | 6 out of 20 points | Time Elapsed | 34 minutes out of 40 minutes. | Instructions | | * Question 1 0 out of 2 points | | | Examine the graph below. If the equilibrium price is P1, then producer surplus | | | | | Selected Answer: | can be determined by the area of the triangle acP1. | | | | | * Question 2 2 out of 2 points | | | Examine the graph below. Consumer surplus is | | | | | Selected Answer: | defined by the area of the triangle
To better understand the size of a household for AJ Davis’s credit customers we used a table of descriptive statistics, frequency table, and a bar chart. Descriptive Statistics: Size Variable Mean SE Mean StDev Variance Minimum Q1 Median Q3 Size 3.420 0.246 1.739 3.024 1.000 2.000 3.000 5.000 N for Variable Maximum Mode Mode Size 7.000 2 15 Tally for Discrete Variables: Size Size Count CumCnt 1 5 5 2 15 20 3 8 28 4 9 37 5 5 42 6 5 47 7 3 50 N= 50 This information tells us that the mean, or average, household size of the credit customer is 3.42. The median, or middle, household size is 3. There is a standard deviation of 1.739. As can be seen in the bar chart and the frequency table, the mode, or most frequent occurring household size, is 2 with 15 out of the 50 households being this size.
From the details provided above you will note that Retail Banking occupies 60% of the area which includes allocation of shared areas. Commercial Banking occupies 30% and Financial Planning 10%. This converts directly to the proportion of electricity costing that each department will be responsible for, being 60% Retail Banking, 30% Commercial Banking and 10% Financial Planning bringing the total allocation to 100%. Actual $ cost allocation For the reporting period of 1st July 2013 to 30th June 2014 the total cost of electricity charged to ANZ Warrnambool and paid for in the first instance by Retail Banking was $45,000. The electricity cost was charged on a quarterly basis and charged back to each department on a quarterly basis also.
Rochelle decided to compare two plants for 50 days, Memphis plant-which will have the vector drive and Birmingham plant-which will use the existing system and prepare a report. The financial analysts believe that the purchase can be justified if the equipment leads to the average increase in production of atleast 10,000 bricks per day. Since we have to check whether the difference between the mean value of the bricks per day at Memphis plant and Birmingham plant is greater than 10000(for purchase to be justified), we will use hypothesis testing for means and compare the sampling distribution of the mean value of bricks produced in a day. This method is the typical method to solve these kind of problems. Data available is Plant Total Bricks produced in 50 days S (standard deviation) x̄ (mean) Memphis 7484500 3402.46 149690 Birmingham 6902350 3364.68 138047 Hypothesis test In a hypothesis test we assume Ho to be true and try to find evidence that shows otherwise.
Find the number of customers that arrived in the 6th hour. F(x)= 2x+1 X=6 answer=13 F(6) =2*(6) +1 =12+1=13 5. The profit of an organization is calculated by the function P(x) = x2– 4000x + 7800000, where x is the number of units sold. If the net profit is 3800000, find the number of items sold. P(x) =x^2 – 4000x + 7800000 3800000 = x^2 -4000x + 7800000 answer: number of items sold= 2000 X^2-4000x+4000000=0 (x-2000) ^2=0 X=2000 P(2000) =3800000 6.
Determine the sales potential for P&G’s Sesame Street Pampers in this market in units and in dollars for 2011. 3. Determine the sales forecast (units and dollars) for Sesame Street Pampers for 2011. 4. Estimate how much profit P&G can expect to generate in 2011 from Sesame Street Pampers 5.
ACCT 311 Final Exam Solution https://hwguiders.com/downloads/acct-311-final-exam-solution/ ACCT 311 Final Exam Solution 1. XYZ Company sells appliance service contracts agreeing to repair appliances for a two-year period. XYZ’s past experience is that, of the total dollars spent for repairs on service contracts, 40% is incurred evenly during the first contract year and 60% evenly during the second contract year. Receipts from service contract sales for the two years ended December 31, year 2, are as follows: Year 1 | $500,000 | Year 2 | $600,000 | Receipts from contracts are credited to unearned service contract revenue. Assume that all contract sales are made evenly during the year.
21 T/?/F An absorption income statement would show a cost of goods sold of £ 64,000. 22 T/?/F The break-even point in units for March 2002 is 45,000 Stringmints. 23 T/?/F The cash budget is part of the financial budget. 24 T/?/F Publishing annual reports exclusively via the Internet increase information asymmetries between different investors. 25 A Dutch insurance company has recently introduced a touch-screen based system that helps car mechanics in solving engine related problems, by storing detailed knowledge about engines, failures and suggested solutions.
If the company orders the maximum 60 refrigerators, the maximum number of TVs would be 150. The graph would have points of y=150 and x=60. The next day, Burbank decides to have a television sale so they change their order to include at least 200 TVs. What is the maximum number of refrigerators that could be delivered at the same time? 3x +y ≤ 330 3(x) + 200 ≤ 330 330-200 = 130 3(43) + 200 ≤ 330 129 + 200 ≤ 300 329 ≤ 330 The truck will be able to fit 200 TVs and 43 refrigerators.
Monsanto gave $186,250 to federal candidates in the 2008 election cycle through its political action committee (PAC) – 42% to Democrats, 58% to Republicans. For the 2010 election cycle they gave $72,000 – 51% to Democrats, 49% to Republicans. [129][edit] LobbyingThe company spent $8,831,120 for lobbying in 2008. $1,492,000 was to outside lobbying firms with the remainder being spent using in-house lobbyists. [130]Former Monsanto lobbyist Michael R. Taylor was appointed as a senior adviser to the Food and Drug Administration (United States) Commissioner on food safety on 7 July 2009.