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erica
23 days ago
14

A store sells 20 ice cream bars per hour for $4 each, but on discount days, it sells 35 ice cream bars per hour for $3. Based on

these two data points, what would be the slope for the relationship between the price and the quantity of ice cream sold?
Business
1 answer:
soldi70 [3.1K]23 days ago
6 0

Answer:

The slope representing the correlation between ice cream price and the sales quantity is -1/15

Explanation:

To find the slope of the price and quantity of ice cream sold, the following calculation is needed:

Slope= change in yaxis( vertical)/change in xaxis(horizontal)

Slope= change in price/change in quantity demanded

Slope=P2-P1/Q2-Q1

Slope=3-4/35-20

Slope=-1/15

The slope representing the correlation between ice cream price and sales quantity is -1/15

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Yancey Productions is a film studio that uses a job-order costing system. The company’s direct materials consist of items such a
Nady [2956]

Answer:

$0.67 per direct labor-dollar

Explanation:

Given:

Total direct labor-dollars applicable to all productions = $8,370,000

Fixed overhead expense = $5,022,000

Variable overhead rate per direct labor-dollar = $0.07

Calculating the predetermined overhead rate:

= Variable\ overhead\ cost\ per\ DL\ dollar+\frac{Fixed\ overhead\ cost}{Direct\ labor-dollars}

=0.07+\frac{5,022,000}{8,370,000}

      = 0.07 + 0.6

      = $0.67 per direct labor-dollar

8 0
1 month ago
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its rece
arsen [2965]

Respuesta:

     Provisión  

Débito        Crédito

                       $426,000

                 $ 85,000

$106,000

                 $405,000

Pérdida por deudas

Débito   -    Crédito

$85,000  

Explicación:

Al usar cuentas T, se puede observar que la cifra faltante en las provisiones netas es de $106,000, que corresponde a las cuentas de cancelación de deudas del año.

La provisión comenzó el año con $426,000 y se le suma 85 por gastos morosos, finalizando el año con un saldo de $405,000, por lo que en el medio se encuentra el monto de $106,000, como un valor de débito, lo que indica que la empresa eliminó esa cantidad como créditos incobrables.

3 0
26 days ago
Seventy new jobs are opening up at an automobile manufacturing plant, and 1000 applicants show up for the 70 positions. To selec
Free_Kalibri [3151]

Answer:

  • As explained below, with the individual’s score in the 0.03125 fraction of top candidates, they can anticipate securing a position.

Explanation:

Utilizing Chebyshev’s Theorem is key.

This theorem is valid for any dataset, irrespective of its shape.

Chebyshev's Theorem states that at least 1−1/k² of the data falls within k standard deviations from the mean.

For this data set, the specifics are:

  • mean: 60
  • standard deviation: 6
  • score: 84

The number of standard deviations that 84 is from the mean can be calculated as:

  • k = (score - mean) / standard deviation
  • k = (84 - 60) / 6 = 24 / 6 = 4

Hence, the individual’s score is 4 standard deviations above the mean.

How significant is this?

According to Chebyshev’s Theorem, at least 1−1/k² of the data is within k standard deviations from the mean. Setting k = 4 gives us:

  • 1 - 1/4² = 1 - 1/16 = 0.9375

  • This implies that half of 1 - 0.9375 exceed k = 4: 0.03125

  • Consequently, 1 - 0.03125 is below k = 4: 0.96875

With 70 job openings and 1,000 applicants, the ratio is 70/1,000 = 0.07, indicating the company seeks the top 0.07 of applicants.

Given the individual scores in the top 0.03125 of applicants, they can expect to obtain a job.

3 0
26 days ago
Consider the table. Mother Nature Tlaloc Bob Value of sales ($) 2750 7750 20000 Dirt ($) 0 2750 0 Bricks ($) 0 0 7750 Wages ($)
Free_Kalibri [3151]

Answer and Explanation:

Here is the breakdown:

1. For the contribution to Mother Nature

This corresponds to sales amounting to $2,750

2. Regarding Tlaloc's value-added

It equates to

= $7,750 - $2,750

= $5,000

3. For Bob’s value added

It corresponds to

= $20,000 - $7,750

= $12,250

This process applies equally to all three.

3 0
1 month ago
Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning
stepan [3001]

Answer:

B). targeting strategy and marketing mix

Explanation:

The options available for the question are;

a. locational excellence strategy.

b. targeting strategy and the marketing mix.

c. supply chain management.

d. operational excellence strategy.

e. strategic business unit control.

The question indicates that people globally recognize Pepsi as their primary choice for a refreshing beverage.

This positioning reflects Pepsi’s diligent execution of its targeting strategy and marketing mix. This concept in finance is known as targeting strategy, which is vital for market segmentation, identifying products that will appeal significantly to each consumer segment.

Additionally, Pepsi employs the marketing mix strategy, a vital tool for managing its target market. It oversees Product, Price, Place, and Promotion to enhance demand for its goods.

7 0
1 month ago
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