Answer:
26,666.67
Explanation:
A $1,200 payment is made forever
The interest rate is 4.5%
= 4.5/100
= 0.045
Therefore the present value can be calculated as follows
= 1,200/0.045
= 26,666.67
Hence the present value is 26,666.67
The following information is available for Bandera Manufacturing Company for the month ending January 31:
Cost of goods manufactured $306,090
Selling expenses 102,250
Administrative expenses 54,050
Sales 651,250
Finished goods inventory, January 1 73,590
Finished goods inventory, January 31 67,080
For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income
(a) Bandera Manufacturing Company Cost of Goods Sold January 31
(b) Bandera Manufacturing Company Gross Profit January 31
(c) Bandera Manufacturing Company Net Income January 31 Operating expenses: Total operating expenses
The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors:
a. Purchased $48,300 of materials
b. Used $37,200 of direct materials production.
c. Incurred $55,500 of direct labor wages.
d. Incurred $78,200 of factory overhead. process to finished goods.
e. Transferred $129,900 of work
f. Sold goods for $232,300.
g. Sold goods with a cost of $103,400.
h. Incurred $59,400 of selling expenses .
i. Incurred $26,100 of administrative expense.
Using the information given, complete the following:
a. Prepare the January income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses: Total operating expenses
b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. Digital Vibe Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials Work in process Finished goods
Answer and Explanation:
1. The computation of cost of goods sold, gross profit, and net income is shown below:-
a. Cost of goods sold is
Bandera Manufacturing Company
Cost of Goods Sold
For the year January 31
Particulars Amount
Finished Goods Inventory, Jan 1 $73,590
Add: Cost of Goods Manufactured $306,090
Total Goods Available for Sales $379,680
Less: Finished Goods Inventory, Jan 31 $67,080
Cost of Goods Sold $312,600
b. Gross profit is
Bandera Manufacturing Company
Gross Profit
For the year Jan 31
Particulars Amount
Sales $651,250
Less: Cost of Goods Sold $312,600
Gross Profit $338,650
c. Net income is
Bandera Manufacturing Company
Net Income
For the year Jan 31
Particulars Amount
Gross Profit $338,650
Operating Expenses
Selling expenses $102,250
Administrative expenses $54,050
Less: Total Operating Expense $156,300
Net Income $182,350
2. a. The preparation of January income statement for Digital Vibe Manufacturing Company is shown below:-
Digital Vibe Manufacturing Company
Income Statement
For the Month Ended January 31
Particulars Amount
Sales $232,300
Less: Cost of goods sold $103,400
Gross profit $128,900
Less: Operating expense
Selling expense $59,400
Administrative expense $26,100
Total operating expense $85,500
Net income $43,400
b. The computation of Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances are shown below:-
Particulars Amount
Materials purchased $48,300
Less: Materials used for production $37,200
Ending balance of materials $11,100
Particulars Amount
Materials used for production $37,200
Add: Direct labor wages $55,500
Add: Factory overhead $78,200
The total cost of manufacturing $170,900
Less: Transferred to finished goods $129,900
Ending balance of work-in-process $41,000
Transfer from work-in-process $129,900
Less: Cost of goods sold $103,400
Ending balance of finished goods $26,500
Which performance measure evaluates the amount by which profits exceed or fall short of the cost of capital in any one period
Answer: EVA
Explanation:
The performance measure evaluates the amount by which profits exceed or fall short of the cost of capital in any one period is EVA.
EVA helps in assesesing an organization's performance with the basis that profitability of a business is judged on its ability to create wealth for its shareholders.
Hayim Accardi is the accounting manager for a small, local firm that has full- and part-time staff. How do FLSA guidelines regarding working hours apply to Hayim's employees?
Answer:
The answer is below
Explanation:
According to a Fair Labor Standards Act, FLSA, guidelines regarding working hours apply to Hayim's employees in the following ways:
1. All the workers, (either full time or part-time) is entitled to remuneration based on minimum wage.
2. All the employees should work based on the guideline regarding maximum hours
3. The minimum age is applicable to all the employees
4. Remuneration of the employees must be based on the applicable Pay rates
5. There must be mandatory break periods for all workers, regardless if it is full time or part-time workers.
If a firm produces a return on assets of 15 percent and also a return on equity of 15 percent, then the firm:
Answer:
No debt of any kind.
Explanation:
Then the firm has “no debt of any kind” because the company has the equity multiplier ratio is 1.
We have given the return on assets is 15 % and the same return is on the equity that is 15%.
Thus, the equity multiplier ratio can be calculated by dividing the total assets / total equity.
Equity mulitplier ratio = Total Assets / Total equity.
Based on the information given to Jeffrey, he submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Which of the following statements in his report are true? Check all that apply. The company is using -$84.0 million in net operating working capital acquired by investor-supplied funds. The firm uses $1,036.0 million of total net operating capital to run the business. J&H Corp.’s NOPAT is $182.4 million, which is lower than the industry average of $228.0 million. The company has $511.0 million in operating assets and $595.0 million in operating liabilities. J&H Corp. has $98.4 million of net operating capital.
Answer:
Statements that are:
The company is using -$84.0 million in net operating working capital acquired by investor-supplied funds.
The company has $511.0 million in operating assets and $595.0 million in operating liabilities.
Explanation:
The above statements are true and agree with each other. The other statements do not agree with the above statements nor with one another. The name of the company where Jeffrey works is not indicated in the case. There is no evidence to support that the company uses $1,036.0 million of total net operating capital to run the business.
A hospital revenue bond issue is being underwritten on a negotiated basis. The offering consists of $20,000,000 par value of term bonds. The underwriter has agreed to a spread of $30.00 for each $5,000 bond. The manager has set the additional takedown at $12.00 per bond and the selling concession at $15.00 per bond. If a selling group member sells a $5,000 par value bond, the syndicate member earns:
A. $0
B. $12.00
C. $15.00
D. $27.00
Answer: B. $12.00
Explanation:
Normally the syndicate member is to earn both the additional takedown amount as well as the selling concession should they find the customers.
If a selling group finds the customers however as was the case here, the syndicate member will only earn the additional takedown amount of $12 per bond.
Which of the following statements is true about codes of conduct?
A. Few organizations have written ethical guidelines.
B. Codes are informal ideals about organizational expectations.
C. Codes are designed to resolve every ethical dilemma a company may face.
D. Codes are formal statements describing organizational expectations.
E. Codes are mostly standardized throughout all industries.
Answer:
D. Codes are formal statements describing organizational expectations.
Explanation:
A code of conduct can be defined as a set of agreed rules and regulations, which primarily comprises of what behavior is and isn't acceptable in an organization. Basically, a code of conduct is a formal well-written statements that governs how the employees working in an organization should act on a day-to-day or daily basis.
Hence, the true statement is that codes are formal statements describing organizational expectations.
Additionally, a code of conduct defines the core values, principles, mission, vision in accordance with standards of professional ethics.
Answer:
The answer would be letter C
Explanation:
Discuss examples of recent macropolitical risk events and the effect they have or might have on a foreign subsidiary. What are micropolitical risk events
Answer:
Explanation:
Micropolitical risk events are typically events that takes place which have effects on companies that are within a country and doesn't have effect on companies which are in foreign countries
An example was when Iraq was invaded by the United States. This resulted in a halt in international business within the countries.
There was a huge rise in gas price which affected individuals and firms as economic agents weren't prepared for the crisis. Other possible effects include:
• It can lead to dishonesty by the government officials.
• Barriers to economic development
• Forced sales of equity by companies.
net income is 180 depreciation is 50 change in asset and liability accounts is 20 what i the cash provided
Answer:
Cash provided by operations is $250
Explanation:
If a company has net income of 180, depreciation of 50, change in asset and liability accounts of $20, then cash provided by the operation is?
Cash flows from operating activities
Net Income $180
Adjustments to reconcile net loss
to net cash flow from operating activities
Add: Depreciation $50
Add: Change in net current assets $20 $70
Cash provided by operations $250
The person that most often interact with a customer before and after a purchase has been made in a called a
Answer:
The person that most often interact with a customer before and after a purchase has been made in a called a Salesman
Answer:
Im pretty sure its a salesman
Explanation:
In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variable cost.
Answer:
Until Marginal Revenue = Marginal Cost
Explanation:
In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.
What are some of the ethical concerns that come to mind for companies seeking to sell to the bottom of the pyramid?
Review companies like Nike and Nestle and identify and address the ethical concerns these companies have raised.
Explanation:
There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.
There are other ethical concerns which are related to advertising and misrepresentation of their products and their services.
These companies understands the characteristics of the advertising and potential dangers that are related to their product.
The filing document, which requires the company to state: (1) the name of the proposed corporation, (2) types of activities the company will be involved in, (3) amount of capital stock, (4) number of directors, and (5) names and addresses of the directors, is called the corporate
Answer: Corporate Charter
Explanation:
The Corporate Charter is a very important document that a company must fill when incorporating a business.
Even though the details vary per company based on the type of company it is as well as its size, generally the following have to be included;
the name of the proposed corporation, types of activities the company will be involved in, amount of capital stock, number of directors, and names and addresses of the directors, is called the corporateAn assumption in the economic production lot size model is that there is storage capacity to hold the entire production lot. True False
Answer:
False
Explanation:
An assumption in the economic production lot size model is that there is storage capacity to hold the entire production lot. The statement is False.
What is the lot size model?The traditional economic production lot size (EPL) model makes the assumption that the production rate will always be consistent, rigidly regulated, and of perfect excellence.
On the basis of the requirements and preferences for the order and delivery of products and services, you utilize lot size planning to designate which demand amounts are to be made accessible in which buckets.
The economic order quantity model is generalized to account for the fact that demand for goods changes over time by using the lot-size model in inventory theory.
Therefore, the statement is False.
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Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a % return on the company's of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be for the season. About rounds of golf are expected to be played each year. Variable costs are about per round of golf. Rolling Hills Golf Course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a costplus pricing approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired profit?
Answer: $80.24
Explanation:
They should sell at a rate that will ensure that their costs as well as returns expected are covered.
Sales Price per round of golf = (Costs + Return expected) / No. of golf rounds
Costs = Fixed costs + Variable costs
= 20,000,000 + ( 18 * 410,000 golf rounds)
= 20,000,000 + 7,380,000
= $27,380,000
Return expected = 12% * 46,000,000
= $5,520,000
Sales Price per round of golf = (27,380,000 + 5,520,000) / 410,000
= $80.24
Fallingstar, Inc. has 103,000 shares of common stock issued and outstanding, with a par value of per share. It declared a % common stock dividend; market value is per share. Which of the following is the correct journal entry to record the transaction?
a. debit Common Stock Dividend Distributable 51,154, debit Paid In Capital in Excess of Par-Common $196,606, and credit Retained Earnings $197.760.
b. debit Stock Dividends $197.760 and credit Cash $197.760.
c. debit Stock Dividends $197.760 and credit Paid - In Capital in Excess of Par-Common $197,760.
d. debit Stock Dividends $197.760, credit Common Stock Dividend Distributable 51.154, and credit Paid - In Capital in Excess of Par-Common $196,606.
Answer: debit Stock Dividends $197,760, credit Common Stock Dividend Distributable 1,154, and credit Paid - In Capital in Excess of Par-Common $196,606.
Explanation:
Here is the correct question:
Fallingstar, Inc. has 103,000 shares of common stock issued and outstanding, with a par value of $0.07 per share. It declared a 16% common stock dividend; market value is $12 per share. Which of the following is the correct journal entry to record the transaction?
The correct answer is debit Stock Dividends $197,760, credit Common Stock Dividend Distributable 1,154, and credit Paid - In Capital in Excess of Par-Common $196,606.
Stock dividend is calculated as:
= 103,000 × 16% × $12
= $197,760
Common stock dividend distributable is calculated as:
= 103,000 × 16% × $0.07
= $1153.6
= 1154
Item 1Item 1 Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $486,000. Current sales total 18,500 units. If Narchie sells 29,000 units, its safety margin will be:
Answer:
$235,000
Explanation:
The computation fo the safety margin is shown below:
As we know that
Margin of safety = Expected sales - break even sales
where,
Expected sales is
= 29,000 units × $50
= $1,450,000
And, the break even sales is
= Fixed cost ÷ contribution margin per unit
= $486,000 ÷ ($50 - $50 × 0.60)
= $486,000 ÷ $20
= 24,300 units
And, the selling price is $50
So the break even sales is
= 24,300 units × $50
= $1,215,000
So, the safety margin is
= $1,450,000 - $1,215,000
= $235,000
George More is a participant in a defined contribution pension plan that offers a fixed-income fund and a common stock fund as investment choices. He is 40 years old and has an accumulation of $100,000 in each of the funds. He currently contributes $1,500 per year to each. He plans to retire at age 65, and his life expectancy is age 80.a. Assuming a 3% per year real earnings rate for the fixed-income fund and 6% per year for common stocks, what will be George’s expected accumulation in each account at age 65? (Do not round time value factors and round your final answer to the nearest dollar amount.)Fixed Income FundCommon Stock Fundb. What will be the expected real retirement annuity from each account, assuming these same real earnings rates? (Do not round time value factors and round your final answer to the nearest dollar amount.)Fixed Income FundCommon Stock Fundc. If George wanted a retirement annuity of $30,000 per year from the fixed-income fund, by how much would he have to increase his annual contributions? (Do not round time value factors and round your final answer to the nearest dollar amount.)
Answer:
a. Assuming a 3% per year real earnings rate for the fixed-income fund and 6% per year for common stocks, what will be George’s expected accumulation in each account at age 65?
Fixed Income Fund:
$100,000 x (1 + 3%)²⁵ = $209,377.79
$1,500 x 36.459 (FV annuity factor, 3%, 25 periods) = $54,688.50
total value = $264,066.29
Common Stock Fund:
$100,000 x (1 + 6%)²⁵ = $429,187.07
$1,500 x 54.865 (FV annuity factor, 6%, 25 periods) = $82,297.50
total value = $511,484.57
b. What will be the expected real retirement annuity from each account, assuming these same real earnings rates?
Contribution from fixed income fund:
$264,066.29 = annual payment x 11.938 (PV annuity factor, 3%, 15 periods) annual payment = $264,066.29 / 11.938 = $22,119.81
Contribution from common stock fund:
$511,484.57 = annual payment x 9.7122 (PV annuity factor, 6%, 15 periods) annual payment = $511,484.57 / 9.7122 = $52,664.13
c. If George wanted a retirement annuity of $30,000 per year from the fixed-income fund, by how much would he have to increase his annual contributions?
total fixed income fund = $30,000 x 11.938 = $358,140
difference in value = $358,140 - $264,066.29 = $94,073.71 / 36.459 = $2,580.26
difference in annual contributions = $94,073.71 /
The ROA for financial institutions such as banks is typically quite low as compared to non-financial firms. Why? With such a low ROA, how can banks attract stockholders?
Answer:
ROA = return on assets = income / average total assets
Banks are in the business of receiving money (liabilities) and lending money (assets), and their profit is made for the difference that they pay for deposits and the money that they charge for loans. That is why assets and liabilities are very large for banks, while equity tends to be very small compared to liabilities.
For example, the average debt to equity ratio for banks range from 2 to 3, depending on whether they are commercial or investment banks. Assuming a debt to equity ratio of 3, liabilities represent 75% of the banks assets while equity represents only 25%. That is why a small ROA can represent a large ROE (return on equity).
Brokers prepare a broker file that has all of the documents that may have a material effect upon the rights or obligations of a party to the transaction. The retention period is:
Answer:
One year from the date of the listing if the transaction is not consummated.
Explanation:
Retention period is the number of years as enforced by the law that a certain records must be kept compulsorily before it is eligible for destruction. The retention period shall be 1 one year from the date of the from the date of listing or closing of the transaction if the transaction is not consummated. Retention period is generally in many cases is 1 year and not more than that.
Ford Motor Company has a 1.40 beta. If the overall stock market increases by 8 percent, how much will Ford change?
Answer:
11.2
Explanation:
Your formula would be I = Overall market increased * Beta
"I" being Fords increase
so just plug in and solve
So your volatility would be 11.2
As the administrative manager in a law office, you have been asked to develop a system for evaluating the productivity of 15 lawyers in the office. What difficulties are you going to have in doing this, and how are you going to overcome it
Answer:
Simply counting number of cases won does not consider other factors like settlement, so a more robust system must be used
Explanation:
In a law firm there are different criteria that can be used to evaluate productivity of lawyers. These include number of cases won, the quality and expertise of opposing counsel, cases that are settled between clients, and number of cases processed.
Since simply counting one of these criteria is not sufficient, we need to get a system that considers them all.
Using a grading system that gives highest percentage score to wins for example 40%.
Cases against against opposing counsel where the lawyers performed well but lost can take a 10% share.
While number of cases processed and cases settled between clients can take 25% each.
This system will consider all the factors that affect performance of the 15 lawyers in the office
In a move to provide additional sales for U.S. car manufacturers, the White House announced the purchase of 17,600 new fuel-efficient vehicles for the federal fleet. Suppose the new fleet, which includes 2,500 hybrid sedans, will cost $275million. As an accountant in the White House Budget Office (WHBO), you have been asked to calculate the following:Required:a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle? Round to the nearest whole dollar.b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound.
Answer:
a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle?
each hybrid car costs $26,000 x 2,500 = $65,000,000
total cost of non-hybrid cars = $275,000,000 - $65,000,000 = $210,000,000
average cost of non-hybrid car = $210,000,000 / (17,600 - 2,500) = $13,907.28 per non-hybrid car
b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound.
1,900,000 gallons of gasoline saved per year / 17,600 cars = 107.95 ≈ 108 gallons of gasoline saved per car
27,000,000 pounds of carbon dioxide less per year / 17,600 cars = 1,534.09 ≈ 1,534 pounds of carbon dioxide saved per car
Classify each characteristic as relating to a fixed exchange rate regime or a flexible, or floating, exchange rate regime.a. signals a commitment not to engage in inflationary policiesb. provides certainty about the value of a currencyc. distorts incentives for importing and exporting goods and servicesd. enables policy makers to engage in monetary policy1. Fixed exchange rate regime 2. Flexible (floating) exchange rate regime
Answer:
(A) Fixed exchange rate regime
(B) Fixed exchange rate
(C) Flexible exchange rate
(D) Flexible exchange rate
Explanation:
(A) A fixed exchange rate regime signals a commitment not to engage in inflationary policies. NOTE: Inflationary policies are a type of monetary policies (the type used to pump money into the economy). See answer (D).
(B) A fixed exchange rate regime provides certainty about the value of a currency, for example, when the exchange rate between Philippine Pesos and Arab Emirate Dollars is fixed at 10PHP - 1AED, traders in this currency will be certain that at any planning time in business, investment or consumption, 10 PHP will be equal to 1 AED.
(C) Flexible exchange rate distorts incentives for importing and exporting goods and services. What are these incentives? On the government side, it is either the revenue that government makes from import tariffs and duties OR the subsidy that government pays on exported goods. On the importer/exporter side, it is the custom duties paid by importers on imported goods AND the subsidies enjoyed by exporters on exported products. A flexible exchange rate distorts or fluctuates these incentives.
(D) Flexible exchange rate enables policy makers to engage in monetary policy. Now, monetary policy is a tool used by ministers of finance or policy makers in every country; to regulate (increase or reduce or bring back to normal) spending and investment. If the exchange rate between or among countries were fixed, monetary policies would have limited application or usefulness when implemented. A flexible exchange rate encourages and enables engagement in or use of monetary policies.
You are a communication designer for a design company. Your team is working on a project designing an interior office space for an information technology company in New York City. The project is well underway, and your team has been working together for three months now. Formal leadership is no longer necessary because everyone is taking on leadership functions related to their roles. Your part of the project requires you to identify the communication needs of the client and to incorporate those needs into the design plans. In this case, the client needs wireless Internet access and a local intranet throughout the interior. You’ve already spoken to the supplier. Now you’ll need to talk to the teammate overseeing the building to make sure the contractor can handle the job. The two of you agree to meet with the contractor together. After meeting with the contractor, you report back to the rest of the team and smoothly adjust the project plan to accommodate the new information.
Norming
Answer choices:
Performing
Norming
Forming
Storming
This is incomplete because the question is missing, here is the missing question and options:
Which phase of team development does this situation describe?
A. Performing
B. Norming
C. Forming
D. Storming
The answer to this question is B. Norming
Explanation:
In team development, norming is the third stage in the process of creating a team and making its members work together. This stage occurs after members have known each other (forming) and had solved their problems (storming). Due to this, during this stage members are able to work together and there are clear roles, which facilitates communication and adaptation. This stage is the one described because roles have been defined "everyone is taking on leadership functions related to their roles" and it seems the integration after three months facilitates communication and changes "report back to the rest of the team and smoothly adjust the project plan."
Which of the following M&A transaction equations is correct? Review Later Value created = Hard synergies + Soft synergies – Transaction costs Value created = Stand-alone value + Net synergies – Transaction costs Value created = Consideration (price paid) + Net synergies – Transaction costs Value created = Stand-alone value + Net synergies – Consideration (price paid)
Answer: Value created = Hard synergies + Soft synergies – Transaction costs
Explanation: M&A transaction equations refers to equations which are used to describe a merging and acquisition process. The value created refers to Return earned from a business beyond initi expectation. Synergies refers to increased efficiency derived from the contribution of resources. It occurs when joint valuation exceeds the sun of each individual's value.
Hard synergies refers to cost saving as a result of pooled resources.
Soft synergies is attributed to increased yield in profit due to higher revenue.
Transaction cost are expenses incurred towards the merging and acquisition process
There are different kinds of services offered. The M&A transaction equations that is correct is Value created = Hard synergies + Soft synergies - Transaction costs.
Mergers and acquisitions (M&A) is a simply known as a term that shows the the consolidation of companies or assets via the use of different types of financial transactions, such as mergers, acquisitions, consolidations, tender offers, etc.
In this Mergers and acquisitions, if a company takes over another and state itself as the new owner, the purchase is referred to as an acquisition.
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"a business that is part of the health care industry should expect regulations to come into play that"
Answer:
The health care industry is heavily regulated by federal and state legislation. Regulation plays a major role in the health care industry and health care insurance coverage. The various regulatory bodies protect the public from a number of health risks and provide numerous programs for public health and welfare.
Interpret the measures of central tendency within the context of this problem. Should the company producing the coffee be concerned about the central tendency
Please find attachments for full question
Answer and Explanation:
Measures of central tendency is a central value that summarizes the distribution for a set of data. It could be seen as a middle value or an average that is used to measure most likely value in a probability distribution using a representative value. Central tendency measures include : arithmetic mean, median and mode. From the question, the arithmetic mean, median and mode for the tea bag company are 5.525, 5.53 and 5.54 respectively. The arithmetic mean represents the average distribution of products from which differing values may scew or cause outliers. The median represents distribution of products based on products that fall in between the upper and lower extremes. The mode represents the distribution of products based on how common products occur in sales.
Yes the measure of central tendency is important to the company because it helps the company plan ahead, knowing the average allows production planning to make enough provision to meet demand and production target(not going below or above) while also ensuring there is efficiency in production
A manager of a group encourages members of the group to take on additional responsibilities as they see the need. This is an example of:
Answer: role making
Explanation:
From the question, we are informed that a manager of a group encourages members of the group to take on additional responsibilities as they see the need. It should be noted that this is an example of role making.
Role-making simply shows how a person plays a particular role and how the person transforms the expectations expected from him or her into a concrete behavior.
It should be noted that role-making takes place in a setting whereby people negotiate the expectations significant for a role.
Common purposes for project communications include status reporting and efforts to obtain approval of project outputs.
a) true
b) false