NPV of the project is positive, therefore, Wildcat Oil Company can consider the lease or purchase options for the computer-assisted drilling system. In order to decide between lease or buy options, the Net Advantage to leasing (NAL) approach can be used.
Net Advantage to Leasing (NAL) = PV of lease payments - PV of buying cash flowsPV of lease payments = Annuity factor x lease paymentPV of buying cash flows = Initial cost + PV of tax shield + PV of after-tax salvage value of equipment Buying cash flows:
Initial cost = $9.9 millionTax rate = 35%CCA rate = 30% Salvage value = $980,000Cost of debt = 9.5%Annuity factor (using cost of debt) = 3.8893PV of tax shield = CCA tax shield x PVIFA(9.5%, 5 years)CCA tax shield = CCA rate x Initial cost = 30% x $9.9 million = $2,970,000
PVIFA(9.5%, 5 years) = 3.6013PV of tax shield = $2,970,000 x 3.6013 = $10,689,137.10PV of after-tax salvage value = Salvage value x (1 - tax rate) x PVIF(9.5%, 5 years)PVIF(9.5%, 5 years) = 0.6545
PV of after-tax salvage value = $980,000 x (1 - 0.35) x 0.6545 = $204,674.65PV of buying cash flows = $9.9 million + $10,689,137.10 + $204,674.65 = $20,794,811.75
Now, to calculate the PV of lease payments, we will first calculate the lease payment at the beginning of each year.Lease payment = $2.2 millionTax rate = 35%Annuity factor (using cost of debt) = 3.8893PV of lease payments = $2.2 million x 3.8893 = $8,559,454.40Thus, NAL = $8,559,454.40 - $20,794,811.75 = -$12,235,357.35As NAL is negative, it is recommended that Wildcat Oil Company should buy the drilling system rather than leasing it.
Maximum pre-tax lease payment that would be acceptable to the company:PV of tax shield = CCA tax shield x PVIFA(cost of debt, years)PVIFA(cost of debt, years) = 3.8893CCA tax shield = CCA rate x Initial cost = 30% x $9.9 million = $2,970,000PV of tax shield = $2,970,000 x 3.8893 = $11,532,279.10After-tax cost of debt = Cost of debt x (1 - Tax rate) = 9.5% x (1 - 0.35) = 6.175%
PV of lease payment = Maximum lease payment x PVIFA(after-tax cost of debt, years)PVIFA(after-tax cost of debt, years) = 3.8893PV of lease payment = Maximum lease payment x 3.8893Maximum lease payment = $11,532,279.10 / 3.8893 = $2,967,989.17
Hence, the maximum pre-tax lease payment that would be acceptable to the company is $2,967,989.17.
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At the beginning of 20x3, Nacho Mama's Cantina reported $125,500 in total stockholders' equity. During the 20x3, the Cantian earned a total of $101,000 in revenues. Also during 20x3, the Cantina incurred expenses totalling $90,500. Nacho Mama also pald $25,000 in dividends during 20×3. There were no other changes in equity during the year. What was the total change in equity during 20x3?,
a. An increase of $14,500.
b. A decrease of $35,500.
c. An increase of $75,500
d. An increase of $35,500.
e. A decrease of $14,500.
The total change in equity during 20x3 is an increase of $14,500.
To determine the total change in equity during 20x3, we need to consider the components that affect equity.
Starting with the total stockholders' equity at the beginning of 20x3, which is $125,500.
During 20x3, the Cantina earned $101,000 in revenues, which increases equity.
The Cantina also incurred expenses totaling $90,500, which decreases equity.
Additionally, $25,000 was paid in dividends during 20x3, which reduces equity.
No other changes in equity were mentioned in the given information.
To calculate the total change in equity, we can sum up the effects of these components:
Total Change in Equity = Revenues - Expenses - Dividends
Total Change in Equity = $101,000 - $90,500 - $25,000
Total Change in Equity = $14,500
Therefore, the correct answer is: a. An increase of $14,500.
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he natural level of output is the amount of real gdp produced a. when the economy is at the natural level of aggregate demand. b. when the economy is at the natural rate of unemployment. c. when the economy is at the natural level of investment.
The natural level of output is the amount of real GDP produced b. when the economy is at the natural rate of unemployment.
Real GDP is essentially a measure of a country's total economic output, adjusted for changes in prices. The value of real GDP reflects a country's economic statistics at a macro level.
When real GDP produces natural output, that is, the output level is in line with the equilibrium of the labour market when the real price level is equal to the expected price level. Then the economy makes the most of its productivity, including fully utilized labour, which means that the economy is at the natural rate of unemployment.
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global fdi flows ____ significantly in ____ due to _____.
The correct option is A ; Decreased; 2008; the global recession , Foreign Direct Investment (FDI) flows document the value of cross-border transactions connected to direct investment over a specific time period, often a quarter or a year.
Financial flows include equity trades, earnings reinvestment, and intercompany loan transactions.
According to extant research on FDI inflows, the most prevalent variables of FDI inflows include market size, market expansion rate, trade liberalization, exchange rate, business clustering effects, political stability, good governance, tax incentives, labor availability and cost, labour productivity.
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Full Question ;
Global FDI flows ____ significantly in ____ due to _____.
- decreased; 2008; the global recession
- decreased; 2010; increasing regulations
- increased; 2008; the global expansion
- increased; 2010; decreasing regulations
what type of lien takes priority over all other liens
The type of lien that takes priority over all other liens is called a senior lien or first lien.
In most cases, the priority of liens is determined by the order in which they are recorded or filed. The first lien recorded against a property typically has the highest priority. However, there are some exceptions to this rule, where specific types of liens may take priority over others even if they are recorded later.
One example of a lien that often takes priority over all other liens is a tax lien. Tax liens are imposed by the government for unpaid taxes on the property. In many jurisdictions, tax liens are given priority over other liens, regardless of when they are recorded. This means that if a property is sold, the proceeds from the sale will first be used to pay off the tax lien before any other liens can be satisfied.
Another example of a lien that may have priority over others is a mechanic's lien, which is filed by a contractor or subcontractor who has not been paid for work done on the property. In some jurisdictions, mechanic's liens may take priority over previously recorded liens if certain conditions are met.
In summary, the type of lien that takes priority over all other liens is typically a senior lien, such as a tax lien or, in some cases, a mechanic's lien. The priority of liens varies depending on the jurisdiction and the specific type of lien involved.
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Choose the option that best matches the description given.
The three levels of interventions used in the human services field include administrations,________ , and program planning.
indirect counseling, direct services, crisis intervention
Answer:
crisis intervention
Answer:
its direct services
Explanation:
trust gang
The right to receive a proportionate share of any assets remaining after the corporation goes out of business, sells its assets, and pays off its liabilities is the right of.
Liquidation is the right to receive a proportionate share of any assets remaining after the corporation goes out of business, sells its assets, and pays off it liabilities
When a corporation stops operating and is deregistered, its assets are sold as part of the liquidation process. The assets are sold to satisfy the claims of the shareholders and creditors, among other parties. When a business becomes insolvent and is unable to continue operating, it goes through the liquidation process.
Liquidation may be either required or optional. The phrase "liquidation" is also used to indicate that a business is prepared to sell some of its assets. For instance, a chain of retail stores might want to close part of its locations.
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How education is medium to enhance the ability of human beings?
Which principle says that a certain amount of money today is worth more than the same amount in the future?.
Answer: Time Value of Money
Explanation: The time value of money is where an amount of money is worth more in the future than the same amount in the future due to interest and other factors.
What may happen if your job does not require you to use the aptitudes you possess?
suppose that at the present time, one can enter 5-year swaps that exchange libor for 6%. an off-market swap would then be defined as a swap of libor for a fixed rate other than 6%. for example, a firm with 9% coupon debt outstanding might like to convert to synthetic floating-rate debt by entering a swap in which it pays libor and receives a fixed rate of 9%. what up-front payment will be required to induce a counterparty to take the other side of this swap? assume notional principal is $55 million. (do not round intermediate calculations. round your final answer to the nearest dollar amount.)
The up-front payment required to induce a counterparty to take the other side of this swap is $6,511,672.
The up-front payment required to induce a counterparty to take the other side of a swap where a firm with 9% coupon debt outstanding wants to pay LIBOR and receive a fixed rate of 9% is:
1. Calculate the difference between the market swap rate (6%) and the desired fixed rate (9%).
Difference = 9% - 6% = 3%
2. Calculate the present value of the difference over the 5-year period, using the notional principal of $55 million. To do this, you can use the present value of annuity formula:
PV = P * [(1 - (1 + r)^(-n)) / r]
Where:
PV is the present value of the annuity
P is the periodic payment (in this case, the 3% difference in rates multiplied by the notional principal)
r is the discount rate (in this case, the 6% market swap rate, expressed as a decimal: 0.06)
n is the number of periods (5 years in this case)
3. Calculate the periodic payment:
P = 3% * $55,000,000 = $1,650,000
4. Calculate the present value of the annuity:
PV = $1,650,000 * [(1 - (1 + 0.06)^(-5)) / 0.06]
PV ≈ $6,511,672.40
Therefore, the up-front payment required is approximately $6,511,672.
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Users in a data mart obtain data that pertain to a particular business function froma ________. A) data room B) data center C) datasheet D) data warehouse
Data warehouse users provide information about a specific business function to a data mart.
Explain about the Data warehouse?An enterprise system known as a "data warehouse" is used for the analysis and reporting of structured and semi-structured data from various sources, including point-of-sale transactions, marketing automation, customer relationship management, and more. Custom reporting and ad hoc analysis are both appropriate for a data warehouse.
A data warehouse is a central collection of data that can be examined to aid in the development of better judgements. Transactional systems, relational databases, and other sources all contribute data to a data warehouse on a regular basis.
Data warehousing combines information and data gathered from numerous sources into a single, comprehensive database. An organization's point-of-sale systems, mailing lists, website, and comment cards, for instance, may all contribute client information to a data warehouse.
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A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals, commas or dollar signs [Example 75000].)
This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
The Straight-Line method of depreciation allocates the cost of an asset evenly over its useful life. To calculate the depreciation expense for the machine over its 5-year life, we need to first determine the depreciable cost of the asset. The depreciable cost of the asset is the original cost minus the residual value. In this case, the depreciable cost would be $500,000 - $50,000 = $450,000.
Next, we divide the depreciable cost by the number of years of useful life to calculate the annual depreciation expense. So, the annual depreciation expense for this machine would be $450,000 / 5 years = $90,000. Therefore, the depreciation expense using the Straight-Line method for the 5-year life would be $90,000 per year. This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
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As an entrepreneur, jill spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative
duties.
OA.
True
OB.
False
It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
Who is an enterprenuer?An entrepreneur is an individual who Identifies a gap or problem and creates a new business around it.
The persons bears most of the risks attached to the business and is more dedicated to the activities, planning and administrative work of the business.
Therefore, It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
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According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
I need a 7 sentence summary on professional appearance
Answer:
what does this mean
Explanation:
QUESTION 2 of 10: Which of the following would be indirect competition for a candy store?
a) Walmart, which sells candy
b) A hard candies boutique shop
c) A candy superstore
d) None of the above
Answer:
A, Walmart that sells candy
Explanation:
Walmart does not specalize in candy, but sells, making it indirectly a competitor.
The indirect competition for a candy store among the following is Walmart, which sells candy. Thus the correct option is A.
What is competition in business?The type of race or contest between two organizations that offered similar products with similar rates and quality to their customers or have common target customers is referred to as business competitors.
The business competitors are both direct and indirect. Direct competitors are those who directly compete in the same market whereas indirect competitors are those who are not present in a similar market but tehir offerings are sometimes found common.
In the given Option, Walmart is referred to as indirect competition as it sells candy whereas direct competition is considered as shops which are having expertise In Candy with variety and taste.
Therefore, option A is appropriate.
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Be invested in at least 6 stocks in at least 4 different industries or sectors ADD 1 BOND CO & MU bonds must be $1,000's and TR is $100 & 1 MUTUAL FUND (must buy at leas 10)
Invest in at least 6 stocks from 4 different sectors, 1 bond CO and 1 bond MU with $1,000's, and a mutual fund with at least 10 shares.
Diversification across different securities and sectors helps reduce risk while potentially increasing returns. Bonds can provide fixed income and reduce portfolio volatility, while mutual funds offer exposure to a variety of securities in a single investment.
It's important to conduct research on each security to ensure they align with personal investment goals and risk tolerance. Additionally, regular monitoring and rebalancing of the portfolio can help maintain diversification and alignment with investment goals over time.
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A company's total liabilities decreased by $105,000 and its stockholders' equity decreased by $35,000 during a period of time. By what amount and in what direction must the company's total assets have
The total assets of the company would have decreased by $70,000 to balance the equation, which is also known as the balance sheet equation. Liabilities and stockholders' equity are the two sides of the equation. One side decreases and the other side also needs to decrease to maintain the balance of the equation.
Every transaction in accounting should have an effect on at least two accounts. The dual-entry system ensures that the equation remains in balance. Liabilities and stockholders' equity are the two sides of the balance sheet equation. If one side decreases, the other side must decrease to maintain the balance. According to the question, the company's total liabilities decreased by $105,000, and its stockholders' equity decreased by $35,000. This is a decrease in both liabilities and equity sides of the equation. As a result, we need to determine by how much and in what direction the total assets must have changed to balance the equation. The change in total assets is equal to the difference between the changes in total liabilities and stockholders' equity. Total assets must have decreased by $70,000 to balance the equation because the decrease in total liabilities ($105,000) exceeds the decrease in stockholders' equity ($35,000).
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What is Zara's value proposition to its customers?
Zara's value proposition to its customers is the combination of affordability, fast-fashion, and trendy designs. Zara offers affordable clothing that is fashionable and stylish while being produced quickly, allowing customers to keep up with current trends and styles without breaking the bank.
Zara's value proposition to its customers is offering the latest fashion trends at affordable prices. Zara is able to do this by having a highly efficient supply chain that allows them to quickly produce and distribute new products. This allows them to constantly update their inventory with new styles and keep up with the latest trends.
Additionally, Zara's focus on sustainability and ethical production practices adds value for customers who care about the impact of their purchases. Overall, Zara's value proposition is a combination of trendy, affordable, and sustainable fashion.
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Analyse the importance of price stability in preventing the extreme fluctuations in business cycles
Price stability plays a crucial role in preventing extreme fluctuations in business cycles and ensuring a stable economic environment. Here are two key reasons why price stability is important in this context:
1. Promoting Economic Confidence: Price stability instills confidence in businesses and consumers, leading to stable expectations and decision-making. When prices remain relatively stable over time, businesses can accurately predict costs and plan investments, fostering long-term economic growth. Likewise, consumers can make informed purchasing decisions without worrying about sudden price increases eroding their purchasing power. This stability in economic conditions encourages business expansion, investment, and consumer spending, all of which contribute to a more balanced and sustainable business cycle.
2. Minimizing Distortions and Inefficiencies: Extreme fluctuations in prices can introduce distortions and inefficiencies into the economy. Rapid price increases, known as inflation, erode the value of money and can lead to hoarding or speculative behavior. On the other hand, rapid price decreases, known as deflation, can discourage spending and investment as individuals and businesses anticipate further price declines. Both scenarios disrupt the normal functioning of markets, making it challenging for businesses to plan, invest, and hire employees. Price stability reduces these distortions, creating a more predictable and efficient economic environment where resources are allocated more effectively.
In summary, price stability is essential for preventing extreme fluctuations in business cycles. It promotes economic confidence, facilitates long-term planning, and minimizes distortions and inefficiencies in the economy. By maintaining price stability, policymakers can support a more balanced and sustainable economic growth trajectory.
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HELP ILL GIVE A CROWN TO WHOEVER IS RIGHT BUT PLZ HeLP
Alejandro lives in a small apartment, within walking distance to school. He takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. He wants to save money to buy a $6000 car within the next 2 years. How could a monthly budget be created to help Alejandro meet his financial goals? Select the best option.
Monthly Budget
Budget A
Budget B
Budget C
Budget D
Income
$1,500
$1,500
$1,200
$1,200
Expenses-
Rent
Utilities
Food
Bus Pass
Savings
$600
$100
$150
$25
$250
$600
$100
$550
$25
$250
$600
$100
$250
$25
$250
$600
$100
$150
$25
$250
a.
Budget A
b.
Budget B
c.
Budget C
d.
Budget D
Please select the best answer from the choices provided
A
B
C
D
Answer:
um look and ctrl C my link and it have the answer
Explanation:
um that should also give ur answer too
https://quizlet.com/68451633/personal-finance-flash-cards/
Answer:
The answer is Budget D
Explanation:
several modifications of classical theory are collectively referred to as:
Several modifications of classical economic theory are collectively referred to as "neoclassical economics."
This school of thought emerged in the late 19th century and was a response to the perceived shortcomings of classical economics. Neoclassical economists generally share the basic assumptions of classical economists, such as the idea that people act rationally to maximize their own self-interest. However, neoclassical economics also incorporates new ideas, such as the concept of utility theory and the importance of market equilibrium. In addition, neoclassical economics places more emphasis on the importance of marginal analysis and the role of supply and demand in determining prices. Neoclassical economics remains an influential school of thought in modern economics and has influenced many other fields, including political science and sociology.
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Please Help!!!!
You are part of a sales group that has been asked to give a presentation. Before you begin, what should you and your group do?
A. Figure out who is the best public speaker
B. Buy the best software on the market.
C. Look into file sharing options so that everyone can work on the same file at the same time.
D. Ask if you have to give a slide presentation, .
Answer: look into file sharing options so that everyone can work on the same file at the same time.
Explanation:
If a sales group consist of a team that wants to make presentation, the thing that should be done by the group should be to look into file sharing options so that everyone can work on the same file at the same time.
The work should be delegated among the group members so that the file can be worked on at same time and every necessary things can be put in place.
I spend a good deal of time Lag theory, much more than the text and I also cover how it applies to Monetary Policy as well as just Fiscal Policy as the text would have you think. It is controversial because it suggests that in only cases where business cycles are severe that the government should intervene. The question is why do they tend to do so anyway? I, and many others, believe that it is something to do with political agendas, that politicians sometimes do what is best for themselves rather than the people who elect them. Citing one source should do it as you get to the bottom of this.
The tendency of governments to intervene in the economy , even in cases where business cycles are not severe, can be attributed to various factors, including political agendas.
While political motivations can influence decision-making, it is essential to note that economic policies are shaped by a combination of factors, including public pressure, economic analysis, and political considerations.
One source that delves into this topic is the research paper "Political Cycles and Economic Policies in Developing Countries" by Allan Drazen, published in 2000 in the Quarterly Journal of Economics. Drazen's study explores the relationship between political cycles and economic policies, particularly in developing countries. The paper highlights how political incentives, such as election cycles and the desire for re-election, can influence policy decisions, leading to interventions even when the severity of business cycles might not warrant it from an economic perspective.
Drazen's research suggests that politicians may prioritize short-term gains, such as popularity and re-election, over long-term economic stability. This can lead to government intervention in the economy, even when it may not be the most efficient or optimal solution from an economic standpoint.
It is important to acknowledge that the extent of political influence varies across different countries and contexts, and not all government interventions can be solely attributed to political motivations. Economic theories, public demand for intervention, lobbying by interest groups, and other factors also contribute to the decision-making process.
In conclusion, while political agendas can play a role in government intervention in the economy, understanding the complexities of these decisions requires considering multiple factors and examining specific contexts.
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What president is on a 50 dollar bill?
The 18th U.S. President (1869-77), Ulysses S. Grant, is featured on the United States fifty-dollar bill ($50).
The United States fifty-dollar bill ($50) is a denomination of United States currency. The 18th U.S. President (1869-77), Ulysses S. Grant, is featured on the obverse, while the U.S. Capitol is featured on the reverse. All current-issue $50 bills are Federal Reserve Notes.
He was an American military officer and politician who served as the 18th president of the United States from 1869 to 1877.He was also a great General and Civil War hero and preserved the Union
In 2010, North Carolina Republican Patrick McHenry introduced another bill to put Reagan's portrait on the $50 bill
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If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
:-). ✓✓✓✓✓✓✓√√√√√√√√√√√
How can I benefit from taxes?
Answer:
We pay taxes to the government as a way to pay for our daily life. Taxes can let you get credits on your health insurance, having safe roads, free public education and etc.
Explanation:
Hope this helped you :)
The overall process of​ strategy, organization, concept​ generation, product and marketing plan creation and​ evaluation, and commercialization of a new​ product is the definition of?
The definition of the product development process is the total procedure of strategy, organization, concept generation, product and marketing plan formulation and evaluation, and commercialization of a new product.
What is the process of developing a product?Every step needed to bring a product from inception to market availability is included in the product development process. This involves identifying a market need, researching the competitive environment, imagining a solution, developing a product roadmap, developing a minimum viable product, etc.
Because they are ultimately responsible for the success or failure of the company's products, product managers serve as the strategic driving force behind the product development process.
However, this procedure is not purely a product management task. Numerous teams from within an organization must collaborate on and contribute to product development, including:
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The time it takes for Mellow Mushroom to cook a pizza is normally distributed with a mean of 20 minutes and a standard deviation of 1.75 minutes. What is the probability that a randomly chosen pizza will cook in more than 23 minutes? (Round to the ten thousandth place) a. 0.4564 b. 0.0436
c. 0.5833
d. 0.9564
The probability that a randomly chosen pizza will cook in more than 23 minutes is approximately 0.0436. Option B is correct.
To calculate the probability that a randomly chosen pizza will cook in more than 23 minutes, we need to use the standard normal distribution.
First, we need to standardize the value of 23 minutes using the z-score formula;
z = (x - μ) / σ
where; x is the value we want to standardize (23 minutes in this case),
μ is the mean of the distribution (20 minutes in this case),
σ is the standard deviation of the distribution (1.75 minutes in this case), and
z is the standardized value.
Let's calculate the z-score;
z = (23 - 20) / 1.75
= 3 / 1.75
≈ 1.7143
Next, we need to find the probability of the pizza cooking in more than 23 minutes, which is equivalent to finding the probability of having a z-score greater than 1.7143.
Using a standard normal distribution table or a calculator, we can find that the cumulative probability for a z-score of 1.7143 is approximately 0.9564.
However, we are interested in the probability of the pizza cooking in more than 23 minutes, so we need to subtract this value from 1;
P(X > 23) = 1 - 0.9564
= 0.0436
Therefore, the probability that a randomly chosen pizza will cook in more than 23 minutes is approximately 0.0436.
Hence, B. is the correct option.
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a flexible budget performance report compares the differences between:
A flexible budget performance report compares the differences between actual results and flexible budget amounts, allowing for variations in sales volume, production, and other costs.
A flexible budget is a financial plan that can be adjusted according to changes in production levels, sales volumes, and other variables that impact revenue and costs. Unlike static budgets, which are created for a single level of activity, a flexible budget allows for various levels of activity by estimating revenues and costs at a range of output levels.A flexible budget performance report is used to compare actual results to the flexible budget, allowing managers to see how well the company performed in terms of revenue and costs. The report highlights the differences between the actual results and the flexible budget amounts and explains the reasons for any deviations.
Unlike static budgets, which are created for a single level of activity, a flexible budget allows for various levels of activity by estimating revenues and costs at a range of output levels.The flexible budget performance report is used to compare actual results to the flexible budget, allowing managers to see how well the company performed in terms of revenue and costs. The report highlights the differences between the actual results and the flexible budget amounts and explains the reasons for any deviations. Overall, a flexible budget performance report is a valuable tool for managers, as it allows them to monitor the financial health of their organization and make informed decisions based on actual results.
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