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marissa
2 months ago
10

Identify each of the variables in the excel file credit approval decisions as categorical, ordinal, interval, or ratio and expla

in why.
Business
1 answer:
soldi70 [3.6K]2 months ago
8 0
<span>Categorical -Homeowner Ratio -Credit Score Ratio-Years of Credit History Ratio-Revolving Balance Ratio-Revolving Utilization Categorical-Decision In this context, Ratio variables, such as credit score and years of credit history, are quantifiable metrics. In contrast, Homeowner and Decision are classified as categorical because they can be grouped into categories and are not measurable as ratios.</span>
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Zing Inc. is a large fashion brand that manufactures clothing and shoes. The top managers of Zing have decided to use the profit
Nady [3600]

Answer:

resource allocation

Explanation:

Based on my findings on various business strategies, I can conclude that this scenario exemplifies the resource allocation aspect of a strategy. It represents how a company optimally uses its resources throughout the organization by identifying new opportunities for resources that have not been fully utilized. This is occurring here as funds that are currently underutilized are being redirected into the shoe business.

I trust this clarifies your question. Should you have further inquiries, feel free to ask.

6 0
1 month ago
All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
Scilla [3833]
I believe the correct answer is true.
8 0
1 month ago
You take $150 you had kept under your mattress and deposit it in your bank account. Suppose this $150 stays in the banking syste
Nady [3600]

Answer:

The result is $12.

By applying the formula total credit /Money created = Total deposit /Cash reserve ratio

Total deposit = $150

Cash reserve ratio = 12.5%

150/12.5

=12

Consequently, the total money generated in the banking system is $12. It can be concluded that money creation by banks is a mechanism whereby banks accept deposits from clients and provide loans to borrowers after subtracting the cash or reserve ratio.

3 0
1 month ago
Colleen’s employer gives her options on 900 shares of company stock. The stock price on the day of the award was $54, and the cl
marusya05 [3725]

Answer:

The available options are:

a. 4,800

b. 6,000

c. 5,400

d. 54,000

The correct option is D, $54,000.

Explanation:

The value of the award each year is calculated by multiplying the number of shares granted by the share's closing price at the year's end.

To clarify, the value of Collen's 900 shares awarded by her employer is $54,000 (900*$60).

Hence, option D, $54,000 is the right choice. The other options are incorrect as multiplying any closing price by 900 would yield an amount around $54,000, excluding figures like $4,800, $6,000, or even $5,400.

5 0
2 months ago
Fickel Company has two manufacturing departments—Assembly and Testing &amp; Packaging. The predetermined overhead rates in Assem
Scilla [3833]

Response:

Overall cost= $753.75

Details:

Given the following details:

The established overhead rates:

Assembly= $13 per direct labor-hour

Testing & Packaging= $9.00 per direct labor-hour.

The direct labor wage rate for the company is $16.00 per hour.

For Job N-60:

Assembly;

DM= 340

DL=180

Testing & Packaging:

DM= 25

DL= 40

To determine the applied overhead for each section, we first need to find the direct labor hours:

Assembly= 180/16= 11.25 hours

Testing= 40/16= 2.5 hours

Now, we can distribute the overhead:

Assembly= 11.25 hours*13= $146.25

Testing= 2.5 hours*9= $22.5

Overall cost= DM + DL + Allocated overhead

Overall cost= (340 + 25) + (180 + 40) + (146.25 + 22.5)= $753.75

8 0
1 month ago
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