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Marina CMI [18]
2 years ago
5

You are currently getting 26 sales opportunities per day and closing 64% of them. Employee: Wow, I am closing __________ sales o

pportunities per day!
Business
1 answer:
VikaD [51]2 years ago
7 0

Answer:

The correct word for the blank space is: 16.

Explanation:

Percentages represent part of a number. The result could be higher or lower than the original number. Percentages are calculated by multiplying the original number for the amount of the percentage desired and dividing that preliminary result by one hundred (100).

Thus, in the example:

Sales closed per day = (Sale opportunities) x (percentage of sales closed)  

Sales closed per day = 26 x 64%

Sales closed per day = 26 x (64/100)

Sales closed per day = 16,64

As sales cannot be fractioned, the sales closed per day are 16.

You might be interested in
Romeo Corporation reports the following for the year:
Wewaii [24]

Answer:

C. $15,000

Explanation:

Given that

Finished goods inventory, January 1 $ 3,200

Finished goods inventory, December 31 4,000

Total cost of goods sold 14,200

So the cost of goods manufactured is

As we know that

Cost of goods sold = Opening balance of finished goods + Cost of goods manufactured - ending balance of finished goods

$14,200 = $3,200 + Cost of goods manufactured - $4,000

So, the cost of goods manufactured is $15,000

3 0
2 years ago
Suppose a manufacturing plant is considering three options for expansion. The first one is to expand into a new plant (large), t
sp2606 [1]

Answer:

a. $50,000

b. $77,500

c. $27,500

d. Large expansion or plant

Explanation:

a. What is the highest Expected Monetary Value (EMV)?

1. EMV of Large expansion = ($100000×0.50) + ($10000×0.25) + (-$10000×0.25)

EMV of Large expansion =

2. EMV of Medium expansion = ($40000×0.50) + ($40000×0.25) + ($5000×0.25)

EMV of Medium expansion = $31,250

3. EMV of Small expansion = ($15000×0.50) + ($15000×0.25) + ($15000×0.25)

EMV of Small expansion = $15,000

The highest EMV is $50,000 which is the EMV of Large expansion.

b. What is Expected Value with Perfect Information (EVwPI)?

EVwPI is obtained by adding together the expected value of the highest profit from each of the expansions as follows:

EVwPI = ($100000×0.50) + ($40000×0.50) + ($15000×0.50)

EVwPI = $77,500

c. What is the organization willing to pay for perfect information?

This requires the calculation of Expected Value of Perfect Information (EVPI). This can be obtained as follows:

EVPI = EVwPI - EVwoPI

Where EVwoPI denotes Expected Value without Perfect Information and it is is the highest EMV of $50,000 which is the EMV of Large expansion obtained in a above.

Substituting the figures, we have:

EVPI = $77,500 - $50,000 = $27,500

d. Which of the expansion plans should the manager choose?

The manager should choose the large expansion because it has the highest or maximum EMV of $50,000.

4 0
2 years ago
Read 2 more answers
The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eatin
deff fn [24]

Full Question

The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eating breakfast is 0.238. suppose that lance, a nutritionist, surveys the dietary habits of a random sample of size n=500 of young adults ages 20–39 in the united states.

Apply the central limit theorem for the binomial distribution to find the probability that the number of individuals, ?, in Lance's sample who regularly skip breakfast is greater than 122. You may find table of critical values helpful.

Express the result as a decimal precise to three places.

Answer:

The probability using the Normal Approximation that out of lance’s sample more than 122 people is 0.356

Explanation:

Given

n = Sample Size = 500

p = Probability = 0.238

Using the normal approximation to binomial distribution,

Let X = Event such that a person skips breakfast

If X ~ Binomial (n,p)

Using normal approximation

X ~ Normal (np,npq)

Where n = 500 and p = 0.238

So, X ~ Binomial (n,p) becomes

X ~ Binomial (500 , 0.238)

Using Normal Approximatiom

X ~ (119, 90.678)

The critical table is then constructed as follows;

Binomial --------- Normal

P(X = a) --------- P(a - 0.5 < X < a + 0.5)

P(X ≥ a) --------- P(X > a - 0.5)

P(X > a) --------- P(X > a + 0.5)

P(X ≤ a) --------- P(X < a + 0.5)

P(X < a) --------- P(X < a - 0.5)

Calculating the probability using the Normal Approximation that out of lance’s sample more than 122 people skips

This can be written as P(X > 122)

Looking at the critical table above.

P(X>a) ----- P(X>a + 0.5)

So,

P(X > 122) ---- P(X > 122 + 0.5)

P(X > 122) ---- P(X > 122.5)

Calculating Z score using

z = (x - u)/√σ²

X = 122.5

From X ~ (119, 90.678)

u =mean = 119

σ = standard deviation = √90.678

So,

Z = (122.5 - 119)/√90.678

z = 0.367550550865750

Z = 0.37 ---- Approximated

P(X > 122.5) = P(Z > 0.37)

P(X > 122.5) = 1 - P(Z<0.37) --- using z table

P(X > 122.5) = 1 - 0.6443

P(X > 122.5) = 0.3557

P(X > 122.5) = 0.356 -- Approximated

6 0
2 years ago
The chart shows the marginal cost and marginal revenue of producing apple pies.
Liula [17]

Answer:

The marginal cost will most likely increase to $2.00

Explanation:

Because I just did it.

7 0
2 years ago
Read 2 more answers
Builder Monty must secure a loan with mortgages on five different lots. What type of loan will he need?
Zielflug [23.3K]

Answer:

B. Blanket loan

Explanation:

According to my research on the different types of loans provided by banks, I can say that based on the information provided within the question the type of loan that Monty will need is called a Blanket Loan. This is because this is a type of loan that is given by a bank in order for an individual to be able to buy multiple pieces of real estate

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
Read 2 more answers
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