Answer:
Step-by-step explanation:
Given that we assume no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the Deal product manager wishes to achieve a product contribution margin of 35%.
Sales - variable cost = Fixed cost + profit
Here fixed cost = 3 million dollars
Sales - variable = contribution = 35%
35% should atleast meet the fixed cost
i.e. 35% = 3 million
100% = 8.57 million can be cost
Since fixed cost will not change and remain 3 million these 5,57 million can be given to material and labor costs
So material and labor cost should be limited upto 5.57 million increase.
Answer:
Mortgage option (3) would be best suited for them.
Step-by-step explanation:
Mortgage option (1) and (2) are more or less the same since, since even if Damarco and Tanya down payments $34,000 (20% of the purchase price), they need to pay the interest for 30 years for both of the cases and even if he pays about $750 monthly (as for option (1)) or about $ 9000 annually (as for option (2)) both may actually be more or less the same amount since, the annual rate of interest in (2) may increase from the initial rate of 3.5% (but it is very unlikely to increase to over 5%) and option (1) has an annual fixed rate of interest of 4.25%.
Now, in the option (3) the interest is to be paid for 8 years and the annual rate of interest is also relatively low (only 4%) and if they pay about $18,000 annually with a down-payment of $ 34,000 and repay the rest of the amount at the end of 8 years,(which would be less than $ 35,000) they can easily clear their mortgage. Hence, for option (3) they would need to pay lowest total amount and for lowest time to clear the mortgage among the three options. Hence, this would be best suited option for them.
Answer:
We don't have the statements but I can tell you the following info:
Step-by-step explanation:
83.4/60= $1.39 for each horn
18*1.39= $25.02 for the 18 additional horns.
$83.40+25.02= $108.42 for the total 78 horns
To find the total price, we use this equation:
42 + 0.039(42)
We can make it simpler:
1.039(42)
Multiply:
43.638
Because we're rounding
The total price is $43.64
Answer:
The minimum height in the top 15% of heights is 76.2 inches.
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean 
and standard deviation 
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
Find the minimum height in the top 15% of heights.
This is the value of X when Z has a pvalue of 0.85. So it is X when Z = 1.04.
The minimum height in the top 15% of heights is 76.2 inches.
