The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for these bills costs $300 for clerical and armored car delivery costs, and that order lead time is six days. Assuming a 30-day month, what is the economic order quantity?

Answers

Answer 1

Answer:

3,000 $100 bills equivalent to $300,000

Explanation:

The economic order quantity (EOQ) is the optimum quantity of a good to be purchased or required at a time in order to minimize ordering and carrying costs in inventory.

EOQ = the square root of [(2 times the annual demand in units times the incremental cost to process an order) divided by (the incremental annual cost to carry one unit in inventory)]

annual demand in units = 12,500 x 12 = 150,000incremental costs to process an order = $300incremental annual cost to carry one unit in inventory = 10% x 100 = $10

EOQ = √[(2 x 150,000 x $300) / $10] = √($90,000,000 / $10) = √9,000,000 = 3,000 bills

Answer 2
Final answer:

The economic order quantity for ordering 'BIG BUCKS' bills is approximately 2,739 bills.

Explanation:

To determine the economic order quantity, we need to use the formula: EOQ = √((2DS)/H), where D represents the annual demand, S represents the cost per order, and H represents the carrying cost per unit. Based on the given information, the annual demand is 12,500 bills, the cost per order is $300, and the carrying cost is 10% of the bill's value per year.

Using the formula, we can calculate the economic order quantity as follows:

EOQ = √((2 * 12,500 * 300)/(0.10 * 100)) = √7,500,000 = 2,738.61

Therefore, the economic order quantity for ordering 'BIG BUCKS' bills is approximately 2,739 bills.


Related Questions

Time series data gathered monthly for the last 48 months produced the following trend equation: Sales 7380- 33t, where t is the numerical value for the next month. As national sales director you Select one:
a. should congratulate your sales force at the next meeting.
b. expect a raise
c. start looking for a new job.
d. ask for a raise

Answers

Answer:

c. start looking for a new job.

Explanation:

c. start looking for a new job.

It is C because with each increasing month the sales revenue would decrease indicating a continuous loss in income. Therefore it is better to look for a new job as the authorities would be firing the sales director who has given a continuous decrease of sales in the past four years (48 months)

The trend equation indicates a negative sales trend, which suggests the sales director should consider strategic actions rather than celebratory or optimistic choices based on the current sales trajectory.

The question pertains to interpreting a trend equation in the context of time series data for sales. Given the trend equation Sales = 7380 - 33t, where 't' stands for the month number, we can deduce that this is a decreasing trend. The coefficient for 't' is negative, which implies that sales are predicted to decrease by 33 units each month. Therefore, options a, b, and d, which suggest celebrating or expecting a raise, may not be appropriate given the decline in sales. Option c, 'start looking for a new job,' could be considered a somewhat pessimistic reaction, but it implies that action may need to be taken due to the negative sales trend.

When analyzing time series data, it is crucial to understand the direction of the trend and the rate of change. A negative trend indicates that sales are going down, which could require strategic interventions to reverse. This understanding allows a national sales director to make informed decisions moving forward.

When a firm is overly dependent on one or more products or markets, and the intensity of rivalry in that market is intense, the firm may wish to ____ by making an acquisition. a. broaden its competitive scope b. increase its economies of scale c. overcome entry barriers d. increase new product speed to market

Answers

Answer: broaden its competitive scope

     

Explanation:  An organization's competitive scope is characterized as a feature of the number of value chains in which the enterprise is involved. The involvement in these stages in these stages is separate but interconnected. 

In the given case, the company runs in an industry which have heavy competition. Thus, that enterprise should broaden their customer base by making acquisition or mergers so that they can have extra resources  to compete with their rivals efficiently.

Competitive scope can be categorized as segment scope, vertical scope, geographical scope and industry scope.

Hunt Company purchased factory equipment with an invoice price of $90,000 on Jan 1. Other costs incurred were freight costs, $1,100; installation wiring and foundation, $2,200; material and labor costs in testing equipment, $700; oil lubricants and supplies to be used with equipment, $500; fire insurance policy covering equipment, $1,400. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Instructions
(a) Compute the acquisition cost of the equipment. Clearly identify each element of cost.
(b) If the double-declining-balance method of depreciation was used, show the journal entry to record depreciation expense for the first fiscal year on Dec.31.

Answers

Answer:

(a) $94,000

(b) 25%

Explanation:

Given:

Part (A)

Invoice price = $90,000

Freight cost = $1,100

installation wiring and foundation = $2,200

testing cost = $700

total acquisition cost = 90000+1100+2200+700 = $94,000

Part (B)

1/8 * 2 = 0.25 or 25%

A broker allowed her license to expire and renewed it 32 days after the expiration date. What does she need to do to reinstate her license?A. Pay the renewal feeB. Pay the renewal fee, and pay half the renewal fee for it being over 30 daysC. Pay the renewal fee and retake the state examinationD. Pay the renewal fee and take 8 credit hours of continuing education

Answers

Answer:

B

Explanation:

she has to do the following to reinstate her license - Makes a proper application within thirty-one days after the date of expiration, by payment of the regular three-year renewal fee.

sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers and emphasizes "giving back" through community service in the neighborhood. Based on this information, you would conclude that Sharice is employed

Answers

Question: Sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers, happy hours to get to know team members, and emphasizes "giving back" through community service once a month in their neighborhood. Based on this information, and what you know from this chapter, you would conclude that Sharice is employed ___________.

a. at a great workplace

b. at a positive institution

c. in her career

d. at a job

Answer: At a positive institution.

Maker-Bot Corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. No dividends were declared in the first two years. If the company pays $400,000 of dividends in the third year, how much will common stockholders receive?A. $355,000B. $270,000C. $0D. $130,000E. $140,000

Answers

Answer:

D) $130,000

Explanation:

We can compute this by calculating the total dividends payable to preferred stock holders each year.

Dividends payable = 10,000 * 90 * 0.10 = $90,000

Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000

So common share in dividend = Total paid - Preferred dividend cumulative

Common Dividend share = 400,000 - 270,000 = $130,000

Hope that helps.

Token Inc.is an envelope manufacturer based in Dallas. The employees of the organization receive incentive pay based on the amount of work produced. If the output of an employee is more than the average production volume, then the organization pays an incentive in addition to wages and salaries. In this case, which of the following incentives is offered by Token Inc.?
A. Piecework rate
B. Minimum wage
C. Employee labor
D. Training stipend
E. Group bonus

Answers

Answer:

The correct answer is A

Explanation:

Piece work rate is the system of the pay in which the workers or the employees of the company are paid per unit of the creation or the production.

In short, it means that they are being paid on the per piece or unit is produced by the employee or worker.

So, in this case, Token company pays the employees as per the piece work rate as it is grounded on the amount of the work produced.

A clothing dealer sold two shirts at 12$ each. On one he made a profit of $20; on the other he lost $20. How many dollars did he lose on the two sales combined?

Answers

Answer:

0 (his combined loss is zero)

Explanation:

Given a profit of $20 on the sale of the first shirt,

and a loss of $20 (the same amount) on the sale of the second shirt,

The combined loss = $20 + (-$20)

= $0.

So long as the absolute values of the profit and loss are equal, the combined effect will be zero. However, selling a cloth at $12 and making a profit of $20 (a higher figure than the sales amount) is highly doubtful. This will nevertheless not affect the combined effect of an equal amount of profit and loss.

If the economy is in a recession and prices are relatively stable, then the discretionary fiscal policy or policies that would most likely be recommended to correct this macroeconomic problem would be

Answers

Answer:

The government can decide to increase their spending in an attempt to boost private consumption and investment, or the government can decide to lower taxes which usually does increase private consumption and investment.

The government can also decide to carry out a combination of both policies, but the problem with that dual approach is that it will increase the government's deficit and national debt.

Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control.
a) true
b) false

Answers

Answer:

Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a

FALSE Statement.

Explanation:

In order to understand this statement comprehensively, we need to know the following two views.

The Omnipotent View

The Symbolic View

The Omnipotent view

This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.

The symbolic View

This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.

Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.

Find the selling price of the following item.
A stereo costing $125.39 and marked up $76.00.

a)1.65 b) 49.39 c) 125.39 d) 201.39

Answers

Answer:

d) 201.39

Explanation:

Selling price = Cost price + mark-up

in this case: $ 125.39 + $79 = 201.39

Answer:

201.39

Explanation:

odessey ware

What are the approximate dimensions of a township in the rectangular survey system.

Answers

Answer:

Six miles by six miles

Explanation:

Survey township, seldom known as Congressional township, essentially been utilized by the US Public Land Survey System, which is nominally by the U.S. review it was been approximately estimated that it is "six miles by six miles" aside. The precincts are referenced by a valuation method that determines the township in association to a chief meridian (north-south) furthermore, the baseline (east-west). The estimated dimensions of a township in the rectangular review system are six miles by six miles.

The Legislative Redistricting Board of Texas is ex officio. This means that its members have a position on the board automatically because they

Answers

Answer:

Hold other public office

Explanation:

The main purpose of Legislative restricted board is to make and initiate plans of legislative if the legislature fails to make the desired plans in the first secession. Overall, the members are elected carefully who show ethnic and social characteristics. The members have a position on the board automatically because they hold another public office. Any individual who holds another public office is automatically elected for a position.

When an insurer relies on the prior claims history of the group to be insured in determining the rate to be charged, it is called:______

Answers

Answer:

experience rating

Explanation:

When an insurer relies on the prior claims history of the group to be insured in determining the rate to be charged, it is called experience rating. Like mentioned in the question this refers to the amount of loss that the insured party would receive in comparison to other similar cases. Which is why prior claims history is investigated when determining the amount.

Far Side Corporation is expected to pay the following dividends over the next four years: $11, $8, $5, and $2.

Afterward, the company pledges to maintain a constant growth rate in dividends forever. If the required rate of return on the stock is 12 percent, what is the current share price?

Answers

Answer:

Current price of share=40.1

Explanation:

The current value of a share is  the present value of future dividends in perpetuity, discounted at the cost of  equity (i.e. the return required by the providers of equity capital).

Based on the above discussion the share price shall be calculated as:

Present value of year 1 dividend=11(1+12%)^-1=9.82

Present value of year 2 dividend=8(1+12%)^-2=6.38

Present value of year 1 dividend=5(1+12%)^-3=3.56

Present value of year 1 dividend=2(1+12%)^-4=1.27

Present value of dividend after year 4=(d(1+g)/ke-g)(1+ke)^-4=(2(1+5%)/12%-5%)(1+12%)^-4=19.07

(Assuming that dividend growth rate is 5% after year 4)

Current price of share=40.1

(9.82+6.38+3.56+1.27+19.07)

Annette is currently in the 25% marginal tax bracket. She had a long-term capital gain from the sale of stock and another capital gain from a coin collection. Assuming that the combined gains are not large enough to push her into a higher marginal bracket, she will be taxed _____% on the gain from the sale of stock and _____% on the gain from the coin collection.

Answers

Answer:

Annette's long term capital gains are taxed at 15% rate.

Short term capital gains are taxed as gross income, therefore Annette will be taxed at 25% rate.  

Explanation:

Capital gains are taxed at 0%, 15% or 20%, depending on your taxable income and filing status. Most taxpayers fall under the 15% rate (yearly income between $39,376 to $434,550). Since Annette's current tax bracket is 25% (should be 24% instead) her income is between $84,201 to $160,725, so she also falls under the 15% long term capital gains tax rate.

Key considerations involved in planning and conducting multinational operations are affected by:

Answers

Answer:

Values and motives of members of the organization or firm

Explanation:

Planning is the procedure or the process regarding the activities needed to accomplish the desired objective or goals of the firm or business. It is very first and foremost or important activity in order to accomplish the desired results.

The key and main considerations involve in the planning process, while conducting or performing the operations of the multinational are affected through the motives and the values of the organization or firm members.

Silics Inc., a software firm, decided to hire a technical expert. The company conducted an aptitude test followed by structured interviews for candidates. David, an African American, did exceptionally well in all the assessments, but Silics Inc., known for discriminating against African Americans, rejected him. David then filed a case against Silics Inc. on charges of racial discrimination. In the context of affirmative action, the company will most likely be required to:

Answers

Answer:

D) pay attorney's fees and court costs for David.

Explanation:

This is something the company would only start with when it comes to affirmative action. It is essential to cover David's court costs, as he is the discriminated party in this case.

Afterward, the company would most probably give David a job offer, reflecting on his exceptional assessment.

Since this is an individual case (only David has sued the company), this will not affect other minorities already working in the company.

Entrepreneurs need to know the basics of accounting even if they hire a professional because _________.A) the entrepreneur will be able to have the same level of expertise
B) they no longer need to pay attention to accounting
C) they will need to understand the financial reports
D) they will need to tell the accountant what information is required.

Answers

Answer:

C) they will need to understand the financial reports

Explanation:

Accounting reports communicate business performance in a period.  They show the financial strength or weakness of a business. The accounting report indicates whether a company is growing or declining.

An entrepreneur will be at an advantage if they can understand and interpret accounting reports. He or she will tell how the business is faring. The entrepreneur will be in a better position to make decisions if they understand the content of an account

In Year 1, Costello Company performed work for a customer and billed the customer $10,000. In Year 2, the customer pays Costello Company for the services it rendered in Year 1. In Year 1, the company incurred $3,000 of wage expense, but it did not pay the employees until Year 2. If Costello Company uses the cash-basis of accounting, then it will report

Answers

Answer:

$7000

Explanation:

Date transaction Amount$

Yr 1. Revenue. 00000

Yr 1. Wages. - 0000

Yr2. Revenue. 10000

Yr2. Wages. 3000

Yr2. Ending bal. 7000

An investor believes that interest rates will be flat or falling into the future; and that prices may deflate. The MOST appropriate investment is:________A. Long term U.S. Government bondsB. Real estateC. GoldD. Large Capitalization stocks

Answers

Answer:

A. Long term U.S. Government bonds

Explanation:

A. Long term U.S. Government bonds

For this case that's the best option since by a general rule when we have a deflation the interest rates tend to decrease. Usually the long term investments have fixed rates and fixed payments that can be accumulated over the time.

B. Real estate

Not a good option since when we have deflation the real state prices tend to decrease as the good and services in order to mantain the sales.

C. Gold

No possible when we have deflation all the prices of good and services tend to decrease and the gold is an example of this. So is not a good option to invest.

D. Large Capitalization stocks

When we have stocks and we have a deflation we will have a depreciation of the stocks since the companies due to the deflation need to cut the prices to mantain the sales and make profits. So this one is not a good option for this case.

ky wants to buy 3 shirts, which were originally priced $49.96 each. The store will discount the pirce of the third shirt and then apply a 7.1% tax to the total cost of all three shirts. Including the tax, what will be the total cost? Round to the nearest hundredth.

Answers

The total cost of three shirts, originally priced at $49.96 each with a third shirt discounted and a 7.1% sales tax applied, is $160.52.

Ky wants to buy 3 shirts, which were originally priced at $49.96 each. The store will discount the price of the third shirt and then apply a 7.1% tax to the total cost of all three shirts. Including the tax, what will be the total cost? Round to the nearest hundredth.

First, calculate the cost of the three shirts without any discounts or tax:

Cost of two shirts: 2 × $49.96 = $99.92

Cost of the discounted third shirt: $49.96 (assuming no discount or specified discount percentage was given)

Total cost before tax: $99.92 + $49.96 = $149.88

Next, calculate the total amount with the 7.1% sales tax:

Total tax: 0.071 × $149.88 ≈ $10.64

Total cost including tax: $149.88 + $10.64 = $160.52

Therefore, the total cost of the shirts including tax is $160.52.

Chipper's Golf Resort has learned that Rory McIlroy is interested in putting his name on golf course designs; however, in order for any golf course to be acceptable to him, it will cost a minimum of $20 million to build. Chipper's owners want an international presence, and they believe that "just the way golf club companies became publicly traded corporations, it may be time for golf courses to do the same." The plan is to begin to purchase real estate for four new golf resorts. Proceeding with their venture, the owners have calculated that they will need approximately $100 million. But putting together an IPO is another matter. After meeting with their investment banker, they believe that investors will be willing to pay $16/share for the IPO. As the ___________ for this issue, the investment bank requires 3% of the revenues generated by the sale. Chipper's will need to issue _______ shares in order to have the $100 million they need to proceed with their plan.

Answers

Answer:

As the underwriter for this issue, the investment bank requires 3% of the revenues generated by the sale. Chipper's will need to issue more than 6,443,299  shares shares in order to have the $100 million they need to proceed with their plan.

Explanation:

Chipper's Golf Resort should sell $103,092,784 worth of stocks in order to get $100 million after they pay the underwriter's fees (= $100 million / 97%). If they plan to sell each stock at $16, then they will need to sell 6,443,299 stocks (= $103,092,784 / $16).

The total demand for money is the sum of the transactions demand plus the ____________ demand for money.

Answers

Final answer:

The total demand for money includes the sum of the transactions demand and the speculative demand for money. M1 and M2 are monetary aggregates that measure the total amount of money available in an economy for these transactions.

Explanation:

The total demand for money is the sum of the transactions demand plus the speculative demand for money. The transactions demand is the money needed to carry out the everyday transactions. On the other hand, the speculative demand for money is the money that people choose to hold as a form of financial investment, when they expect changes in interest rates, or when there are uncertainties in the market.

The total amount of money in an economy that can carry out transactions is typically measured by the monetary aggregate M1 or M2. M1 includes coins, currency in circulation, and checkable or demand deposits. M2 includes M1 as well as other types of deposits such as savings deposits and time deposits.

Moreover, the demand for financial capital (money) also represents groups that are borrowing the money, including businesses that need to borrow to finance their investments and the federal government when it runs a budget deficit.

What is the account that shows the difference between the stock's par value and what new stockholders paid when they bought newly issued shares?

Answers

Share Premium Account that shows the difference between the stock's par value and what new stockholders paid when they bought newly issued shares.

Explanation:

Share premium has been the difference between the nominal value of shares of an undertaking and the total number that the undertaking receives for shares issued recently.

For example, Company ABC has released 300 shareholdings.

The stock is given a par value or is worth $10, but $15 is paid out per share.

So the company's debt is $4,500. The share capital is just $3,000 of that $4,500. The leftover $1,500 is an equity premium, which is a reward for partial company ownership for funds raised by shareholders. In the equity premium account, $1,500 is reported on the balance sheet for the corporation.

8 fuel efficiency of prius: fueleconomy.gov, the official us government source for fuel economy information, allows users to share gas mileage information on their vehicles. the histogram below shows the distribution of gas mileage in miles per gallon (mpg) from 14 users who drive a 2012 toyota prius. the sample mean is 53.3 mpg and the sample standard deviation is 5.2 mpg. (note that these data are user estimates and since the source data cannot be verified, the accuracy of these estimates is not guaranteed.) use your ti calculator.

Answers

Answer:

a) We assume that the plot is given on the figure attached. The total sample size is 1+2+7+2+2= 14 and for this case we can conduct a test since we assume normality and we can use the t distribution in order to work with a sample size less than 30.

b) [tex]p_v =2*P(t_{(13)}>2.375)=0.0336[/tex]  

If we compare the p value and the significance level assumed [tex]\alpha=0.01[/tex] we see that [tex]p_v>\alpha[/tex] so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can't conclude that the height of men actually its significant different from 50 at 1% of signficance.  

c) The 95% confidence interval would be given by (50.298;56.302)    

Explanation:

(a) We would like to use these data to evaluate the average gas mileage of all 2012 Prius drivers. Do you think this is reasonable? Why or why not?

We assume that the plot is given on the figure attached. The total sample size is 1+2+7+2+2= 14 and for this case we can conduct a test since we assume normality and we can use the t distribution in order to work with a sample size less than 30.

(b) The EPA claims that a 2012 Prius gets 50 MPG (city and highway mileage combined). Do these data provide strong evidence against this estimate for drivers who participate on fueleconomy.gov? Note any assumptions you must make as you proceed with the test.

Data given and notation  

[tex]\bar X=53.3[/tex] represent the sample mean

[tex]s=5.2[/tex] represent the sample standard deviation

[tex]n=14[/tex] sample size  

[tex]\mu_o =50[/tex] represent the value that we want to test

[tex]\alpha[/tex] represent the significance level for the hypothesis test.  

t would represent the statistic (variable of interest)  

[tex]p_v[/tex] represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the mean is actually 50 or different, the system of hypothesis would be:  

Null hypothesis:[tex]\mu = 50[/tex]  

Alternative hypothesis:[tex]\mu \neq 50[/tex]  

If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:  

[tex]t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}[/tex]  (1)  

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic

We can replace in formula (1) the info given like this:  

[tex]t=\frac{53.3-50}{\frac{5.2}{\sqrt{14}}}=2.375[/tex]    

P-value

The first step is calculate the degrees of freedom, on this case:  

[tex]df=n-1=14-1=13[/tex]  

Since is a one side test the p value would be:  

[tex]p_v =2*P(t_{(13)}>2.375)=0.0336[/tex]  

Conclusion  

If we compare the p value and the significance level assumed [tex]\alpha=0.01[/tex] we see that [tex]p_v>\alpha[/tex] so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can't conclude that the height of men actually its significant different from 50 at 1% of signficance.  

(c) Calculate a 95% confidence interval for the average gas mileage of a 2012 Prius by drivers who participate on fueleconomy.gov.

The confidence interval for the mean is given by the following formula:

[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex]   (1)

In order to calculate the mean and the sample deviation we can use the following formulas:  

In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:

[tex]df=n-1=14-1=13[/tex]

Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a tabel to find the critical value. The excel command would be: "=-T.INV(0.025,13)".And we see that [tex]t_{\alpha/2}=2.16[/tex]

Now we have everything in order to replace into formula (1):

[tex]53.3-2.16\frac{5.2}{\sqrt{14}}=50.298[/tex]    

[tex]53.3+2.16\frac{5.2}{\sqrt{14}}=56.302[/tex]    

So on this case the 95% confidence interval would be given by (50.298;56.302)    

Final answer:

Given the provided user-estimated data of gas mileage for a 2012 Toyota Prius, you could use your TI calculator to perform various statistical calculations. This could involve deriving a z-score or a t-score and comparing it to a critical value from the respective distribution. Note that the accuracy of your results will be dependent on the reliability of the user-reported data.

Explanation:

The task asked in the question requires you to use the data supplied, along with your TI calculator, to perform statistical computations associated with the fuel economy or miles per gallon (mpg) of a 2012 Toyota Prius. This could involve computing a confidence interval, performing a hypothesis test, or calculating other statistics such as the median or mode. For instance, you might be asked to confirm if the sample mean of 53.3 mpg could have arisen by chance given the user-reported data. This would involve calculating a z-score or a t-score (depending on the size of your sample and whether you know the population standard deviation) and comparing it to a critical value from the z-distribution or t-distribution respectively.

It is important to note that your calculation results would only be as accurate as the user-reported data permits: inaccuracies or inconsistencies in the reported mpg values could affect the results of your analysis.

Learn more about Statistical calculations here:

https://brainly.com/question/32828879

#SPJ3

1. Do you see Sony as an innovator in its industries of electronics, semiconductors, computers, video games, and telecommunications equipment? Why or why not?
2. Sony has a vision of "using our unlimited passion for technology, content and services to deliver groundbreaking new excitement and entertainment." The mission is even clearer. Sony is "a company that inspires and fulfills your curiosity." Does Sony inspire and fulfill your curiosity? Why or why not? Explain.

Answers

Answer: Question 1: I do see Sony as an innovator in its industries of electronics, semiconductors, computers, video games, and telecommunications because they have created several products in all of these industries.

Question 2: Sony is a company that inspires and fulfills my curiosity because they have made significant leeway in the world of technology and have created amazing and useful technical products.

Hope this helps!   :)

Explanation:

Sony is an innovator in its technology sectors because it is always developing new products and adding new features to them.

Through innovation, Sony achieves the goal of attracting and retaining its consumers, through products and services aligned with the highest technological standards.

An example that Sony has innovation as one of its main missions, is its Playstation video game, which is the best-selling console in the world, and always updates itself to models with more functionality and cutting-edge technology.

Therefore, innovation is a competitive differential for the Sony company, which keeps it as the sales leader in its products and makes it more valued by consumers and consequently more profitable.

Learn more here:

https://brainly.com/question/1008019

Demand curves intersect the quantity axis due to​ ________ and intersect the price axis due to​ ________.

Answers

Answer:

time limitations in limited marginal utility; limited income and wealth

Explanation:

Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.

The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.

On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.

Final answer:

Demand curves intersect the quantity axis when the price is zero, suggesting consumers would demand a large quantity, while they intersect the price axis at a very high price indicating a quantity demanded of zero.

Explanation:

Demand curves intersect the quantity axis due to zero price and intersect the price axis due to infinite price.

In the context of a demand curve, intersection with the quantity axis occurs when the price of the good is zero, implying consumers will demand a theoretically infinite quantity, limited only by their consumption capacity or desire. On the other hand, intersection with the price axis happens when the price is so high that the quantity demanded falls to zero, as consumers are not willing or able to purchase the product at such prices.

Together, demand and supply determine the price and the quantity that will be bought and sold in a market. The equilibrium price and quantity are where the demand curve intersects the supply curve.

Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing. One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies.True / False.

Answers

Answer:

True

Explanation:

The best way to learn about ethical responsabilities is using the events that happen before with other companies, on special when we talk about ethical responsabilities we have dilemmas that sometimes are hard to approach and identify the right way to do the right thing. Many of the dilemmas are related to others (employees, suppliers, customers) and in general the society around any company. And is so important learn about the mistakes analyzing previous choices and decisions from other companies.

For this reason the statement " One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies" is TRUE.

Falls River Bank receives a check drawn on the account of Get-Rich Industries, Inc., one of the bank’s customers, at 3 p.m. Friday. Hildy, the presenter of the check, is not one of the bank’s customers. The bank uses deferred posting with a 2 p.m. cutoff hour. If it decides to dishonor the check, it must do so by midnight:____________

Answers

Answer:

Tuesday

Explanation:

In order for a bank to pay a check, it must be passed on before receipt. Since Falls River Bank uses deferred posting, and the check was presented after the cutoff hour, it will be considered received the next business day. in this case the next business day is Monday. Then the bank has two business days to return a check.

If the bank is not going to pay the check and return it, it must do it before Tuesday at midnight.

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