A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the

Answer: Nominal

Explanation:

The use of the Nominal measurement scale indicates that data is categorized into specific names or labels, which is the reason it is sometimes called Named data. For example, organizing dogs in a park by their breed such as Husky, American Bull, German Shepherd, etc.

This measurement scale does not involve numerical values and typically lacks any hierarchical arrangement.

In this case, the professor categorized her students based on their majors, with those majors serving as labels. Thus, she applied the Nominal measurement scale.

Answer:

The solution is a. 14.33.

Explanation:

We employ the net present value (NPV) analysis to evaluate the two scenarios.

+ The NPV for the lifetime subscription is $(850)

+ The annual subscription has an NPV calculated as - 85 - [ 85/6% * [ 1 - 1.06^(-n) ], where n represents the years the subscriber is expected to live.

In order for the lifetime subscription to be more advantageous, its NPV must exceed that of the annual subscription, which gives us:

85 + [ 85/6% * [ 1 - 1.06^(-n) ] > 850 <=> 1 - 1.06^(-n) > 0.54 <=> 1.06^(-n) < 0.46 <=> -n < -13.33 <=> n > 13.33.

This indicates that the subscriber needs to live beyond 14.33 years (13.33 + 1 additional year for the next subscription) for the lifetime subscription to be the wiser choice.

Thus, option a is correct.

Answer:

the absorption costing net operating income from the previous year was $41,200

Explanation:

The Absorption Costing Net Operating Income for the last year is calculated by reconciling the Variable Costing Income to the Absorption Costing Income.

Calculation of Absorption Costing Net Operating Income

Variable Costing Income                                             $52,400

Less Decrease in Inventory ( 1,400 × $8)                   ($11,200)  

Absorption Costing Net Operating Income               $41,200

Absorption Costing Net Operating Income will be lower than Variable Costing Income.

Answer:

C) $88,000

Explanation:

A period cost refers to expenses that cannot be capitalized through inventory or other assets.

Under the variable costing method, fixed costs are classified as period costs.

Fixed costs:

Fixed manufacturing overhead: $60,000

Fixed selling and administrative expense: $28,000

Answer:

MARIN PRODUCTS

Sales after further processing

DBB-1 DBB-2 DBB-3

units sold 16,000 24,000 36,000

Revenue post-processing $1,040,000 $1,200,000 $2,700,000

Joint expenditure (757,895) (1,136,842) (1,705,263)

Individual processing cost (110,000) (44,000) (66,000)

Net profit 172,105 10,158 928,737

sale at split-off point

DBB-1 DBB-2 DBB-3

units sold 16,000 24,000 36,000

Sales revenue $400,000 $840,000 $1,980,000

Joint expenditure (757,895) (1,136,842) (1,705,263)

Net profit (357,895) (296,842) 274,737

Conclusion: All products should undergo further processing to enhance the company's profit margins

Cost per unit = $3,600,000/76,000 = $47.37

DBB-1 = $47.37*16,000 = $757,895

DBB-2 = $47.37*24,000 = $1,136,842

DBB-3 = $47.37*36,000 = $1,705,263

Explanation: