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You have the option to play tennis or a round of goff (but not both). The...
You have the option to play tennis or a round of golf (but not both). The...
You have the option to play tennis or a round of golf (but not both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to $70, while golf has value to you equal to $95. Tennis courts are publicly available at no cost, but golf costs $30 per round. Suppose your wage from working is $10...
You play roulette betting one dollar on the number 5 each time. The bet pays 35...
You play roulette betting one dollar on the number 5 each time. The bet pays 35 to 1. You have a 1 in 38 chance to win. On average, you will lose playing this game and each play will cost you approximately _____ cents. (Round to the nearest cent) Suppose you play roulette 64 times, betting a dollar on the number 5 each time, your expected net gain is______ dollars. Using the short-cut, the SD for the box model is...
can you answere question 2? 1. Goff Corporation sells products for $75 each that have variable...
can you answere question 2?
1. Goff Corporation sells products for $75 each that have variable costs of $50 per unit. Goff's fixed cost is $350,000. Calculate the contribution margin per unit, then use the per unit contribution margin approach to find the break-even point in units and dollars. 2. Phillips Company can sell 15,000 units of its new product at a selling price of $116. The unit cost is $72. The company's target profit is 40% of sales. The...
Refer to Table 3.1. Suppose that you have a house that you rent out. If you...
Refer to Table 3.1. Suppose that you have a house that you rent out. If you keep the lawn maintained, you can charge a higher monthly rent for the house. Suppose your hourly wage from your job at the mall is $10, what is the net benefit of spending 12 hours per week maintaining the lawn of the house? Hours Per Week Maintaining Lawn Benefit (Additional Monthly Rent) $0.00 $150.00 $260.00 $330.00 $390.00 $450.00 Table 3.1 O $120 O $210...
You are evaluating a project for The Ultimate recreational tennis racket. quaranteed to correct that wimpy...
You are evaluating a project for The Ultimate recreational tennis racket. quaranteed to correct that wimpy backhand. You estimate the sales price of The Ultimate to be $330 per unit and sales volume to bo 1,000 units in year 1; 1,250 units in year 2; and 1,325 units in year 3. The project has a 3-year life. Variable costs amount to $190 per unit and foxed costs are $100.000 per year. The project requires an initial investment of $144,000 in...
Roger and Serena, tennis consultants are spending all their time trying to fix their computer system,...
Roger and Serena, tennis consultants are spending all their time trying to fix their computer system, instead of hitting forehands with tennis clients. It is requiring service on a regular basis, and the consulting bills are adding up. They are frustrated with this, and have procured three bids for a new system. But as their skills relate more to forehands, they are confused about which to accept. They have hired the USFSP Cost 1 dass to analyze such. They think...
You buy a hat at the local mall for $10.92 and the store paid a factory...
You buy a hat at the local mall for $10.92 and the store paid a factory in Mexico $3.68 to produce the hat. What is the contribution to our GDP? Enter a number rounded to two decimal places. « Previous Next Assume the population is 246 million. 52 million are under the age of 16,53 million are stay at home spouses, 21 million are full time college students with no job, 29 million are retired, 22 million are unemployed, and...
INSTRECTION: -show sufficient work to support your answes. if you have to make any assumptions, state...
INSTRECTION:
-show sufficient work to support your answes. if you have to
make any assumptions, state them clearly.
-all confidence interval and hypothesis test results need to
be expressed in sentenses that would make senense.
-round your answers to 4 decimal place.
7. (7 points) We play a game in which you draw one card from a standard deck of cards. If you drawa card with a value of 5 or less, I will pay you $60. If not, you...
You have been invited to interview for an internship with an international food manufacturing company. When...
You have been invited to interview for an internship with an international food manufacturing company. When you arrive for the interview, you are given the following information related to a fictitious Belgian chocolatier for the month of June. : (Click the icon to view the data.) Read the requirements. A Data Table Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May. Label each amount as favorable (F) or...
Traditional economists also assume human beings have complete self-control. But, for instance, people will buy cigarettes...
Traditional economists also assume human beings have complete self-control. But, for instance, people will buy cigarettes by the pack instead of the carton even though the carton saves them money, to keep usage down. They purchase locks for their refrigerators and overpay on taxes to force themselves to save. In other words, we protect ourselves from our worst temptations but pay a price to do so. One way behavioral economists are responding to this is by setting up ways for...
You have the option to play tennis or a round of golf (but not both). The tennis match requires you to take 2 hours off from work and the round of golf requires you to take 4 hours off from work. Playing tennis has value to you equal to $70, while golf has value to you equal to $95. Tennis courts are publicly available at no cost, but golf costs $30 per round. Suppose your wage from working is $10...
can you answere question 2?
1. Goff Corporation sells products for $75 each that have variable costs of $50 per unit. Goff's fixed cost is $350,000. Calculate the contribution margin per unit, then use the per unit contribution margin approach to find the break-even point in units and dollars. 2. Phillips Company can sell 15,000 units of its new product at a selling price of $116. The unit cost is $72. The company's target profit is 40% of sales. The...
Refer to Table 3.1. Suppose that you have a house that you rent out. If you keep the lawn maintained, you can charge a higher monthly rent for the house. Suppose your hourly wage from your job at the mall is $10, what is the net benefit of spending 12 hours per week maintaining the lawn of the house? Hours Per Week Maintaining Lawn Benefit (Additional Monthly Rent) $0.00 $150.00 $260.00 $330.00 $390.00 $450.00 Table 3.1 O $120 O $210...
You are evaluating a project for The Ultimate recreational tennis racket. quaranteed to correct that wimpy backhand. You estimate the sales price of The Ultimate to be $330 per unit and sales volume to bo 1,000 units in year 1; 1,250 units in year 2; and 1,325 units in year 3. The project has a 3-year life. Variable costs amount to $190 per unit and foxed costs are $100.000 per year. The project requires an initial investment of $144,000 in...
Roger and Serena, tennis consultants are spending all their time trying to fix their computer system, instead of hitting forehands with tennis clients. It is requiring service on a regular basis, and the consulting bills are adding up. They are frustrated with this, and have procured three bids for a new system. But as their skills relate more to forehands, they are confused about which to accept. They have hired the USFSP Cost 1 dass to analyze such. They think...
You buy a hat at the local mall for $10.92 and the store paid a factory in Mexico $3.68 to produce the hat. What is the contribution to our GDP? Enter a number rounded to two decimal places. « Previous Next Assume the population is 246 million. 52 million are under the age of 16,53 million are stay at home spouses, 21 million are full time college students with no job, 29 million are retired, 22 million are unemployed, and...
INSTRECTION:
-show sufficient work to support your answes. if you have to
make any assumptions, state them clearly.
-all confidence interval and hypothesis test results need to
be expressed in sentenses that would make senense.
-round your answers to 4 decimal place.
7. (7 points) We play a game in which you draw one card from a standard deck of cards. If you drawa card with a value of 5 or less, I will pay you $60. If not, you...
You have been invited to interview for an internship with an international food manufacturing company. When you arrive for the interview, you are given the following information related to a fictitious Belgian chocolatier for the month of June. : (Click the icon to view the data.) Read the requirements. A Data Table Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May. Label each amount as favorable (F) or...
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