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icang [17]
2 years ago
5

Despite having sufficient snow, a local ski mountain has decided to close in early march for the end of the ski season. what is

the most likely reason to shut down in this situation
Business
1 answer:
RSB [31]2 years ago
7 0
<span>Most Ski resorts will try to extend the ski season as long as possible. This is because they are only going to earn money if they are open for business. In this case, the ski mountain is closing early in March instead of waiting until a more traditional time of year, probably late spring. While there may be a few reasons why the ski mountain might chose to close early even though there is sufficient snow this year, it is likely that this is a financial decision. If the ski mountain is not able to turn a profit, that is the most likely reason they will shut down early. If it is costing more to the keep the resort open then they can earn by staying open a few more weeks, then it would make sence to just shut down early.</span>
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The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eatin
Sunny_sXe [5.5K]

Answer:

probability  = 0.3557

Explanation:

given data

young adults ages =  20 to 39

skip eating breakfast p = 0.238

random sample of size n = 500

to find out

we find the probability that the number of individuals in Lance's sample who regularly skip breakfast is greater than 122

solution

we use here Normal Approximation to Binomial Distribution

so first consider random variable = x

so

x~ Bin (n,p)   .............1

and here Normal Approximation will be

x~ Normal Approx (np, npq)    .................2

so it will be

x~ (500, 0.238)  

as here we know q will be

q = 1 - p

q = 1 - 0.238

q = 0.762    .............3

so

here x~ Normal Approx (119, 90.678)

and now we get P(X > 122)

so

We will convert it to Z by as that

z = \frac{x-\mu}{\sigma}     ................4

and here

mean  \mu = np

and standard deviation \sigma =  \sqrt{npq}

so here for P(X > 122)

P(\frac{X-\mu}{\sigma}>\frac{122-119}{\sqrt{90.678}})     ............5

and it is  P(Z>0.37)

so

probability  = 1 - P(Z<0.37)

now we use here z table for value

probability  = 1-0.6443

probability  = 0.3557

7 0
2 years ago
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
2 years ago
Shannon, who has a job and no dependents, has two credit cards she uses for food and entertainment. All card balances are close
IgorC [24]

Answer:

Pay off all her balances within the payment cycle.

Explanation:

The other answers don't make sense.

7 0
1 year ago
The Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable
katrin2010 [14]

Answer:

Correct answer is A.

<u>$14.38 per direct labor-hour</u>

Explanation:

If the budgeted direct labor time for December is 8,000 hours, then total budgeted factory overhead per direct labor hour is (rounded):

Total budgeted factory overhead for December= Variable Factory Overhead rate per direct labor hour *  budgeted direct labor time for December + Fixed Factory Overhead per month

Total budgeted factory overhead for December = 5*8000 + 75000

Total budgeted factory overhead for December = $ 115,000

Total budgeted factory overhead per direct labor hour = Total budgeted factory overhead for December/budgeted direct labor time for December

Total budgeted factory overhead per direct labor hour = 115000/8000

Total budgeted factory overhead per direct labor hour = 14.38

5 0
2 years ago
Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyers’ full willingness t
svlad2 [7]

Answer:

The answers are as follows:

A. Output should be Increased

B. Output should be Decreased

C. Output should be kept the same

D. Output should be Decreased

Explanation:

For A.

When the maximum willingness to pay exceeds minimum acceptable price, the Output should be increased because customers are willing to pay more for the product, therefore more revenue will be accrued, and this will lead to more profit.

For B.

When mc > mb, that is, when marginal cost is greater than marginal benefits, output should be decreased. This is because profit is maximized when Marginal costs equal Marginal benefits, therefore when Marginal costs exceed Marginal Benefits, a loss is incurred and output should be decreased.

For C.

When total surplus is at a maximum, output should be kept the same, this is because adding extra outputs at this maximum stage will lead to diminishing returns on capital.

For D.

When the current quantity produced exceeds the market equilibrium quantity, output should be reduced in order to avoid flooding the market with excess products which will then lead to a decrease in price.

6 0
2 years ago
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