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Ne4ueva [31]
2 years ago
14

44. CEO compensation The total compensation of the chief executive officers (CEOs) of the 800 largest U.S. companies (the Fortun

e 800) averaged (in thousands of dollars) 10,307.31 with a standard deviation (also in $1000) of 17,964.62. Here is a histogram of their annual compensations (in $1000): 400 300 200 100 0 Compensation in $1000 100,000 200,000 0 a) Describe the histogram of Total Compensation. A research organization simulated sample means by drawing samples of 30, 50, 100, and 200, with replacement, from the 800 CEOs. The histograms show the distributions of means for many samples of each size

Business
1 answer:
galben [10]2 years ago
7 0

Answer

The answer and procedures of the exercise are attached inthe following images.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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You have ten workers who are all equally skilled and who can do each other worker's job
mars1129 [50]

It really depends. If all jobs are similar and demand the same requirements, I would find a middle amount like $25 for all ten workers.

6 0
2 years ago
Shoe manufacturers are not going to buy much more leather if the price of leather falls, nor will they buy much less leather if
IgorC [24]

Answer:

A) inelastic demand

Explanation:

Demand is inelastic if a change in price has no effect on quantity demanded.

Changes in price has no effect on quantity of leather demanded. Therefore, the demand for leather is inelastic.

Direct purchasing is buying raw materials used in the production process.

Straight rebuy is purchasing similar goods from the same supplier under similar conditions.

Modified rebuy is purchasing similar goods either from a different supplier or in a different condition.

4 0
2 years ago
Direct and Indirect Costs Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,
pychu [463]

Answer:

a) direct manufacturing cost    $220,000

b) indirect manufacturing cost $130,000

2 a) the manufacturing department cost will be of $350,000

  b) zero as direct material, labor and overhead can be determinated.

3) a) $40,000

  b) $50,000 advertizement.

4) No as we can set the object cost to determinate the direct and indirect cost of the adminsitrative expenses.

Explanation:

a) The direct manufacturing cost will be the variable manufacturing cost linked to the unit cost:

Materials $7 + Labor $4 = $11 per unit

20,000 units x $11.00 = $ 220,000

b) indirect manufacturing cost will be the overhead.

20,000 x ($1.5 + $5) = 130,000

2)

a) Materials, labor and overhead.

which totals for 350,000

2 b) all the manufacturing cost are traceable so zero.

3)

fixed selling

20,000 x 3.5 = 70,000

less 50,000 advertizement = 20,000

variable sales:

commisions $1 x 20,000 + 20,000 = 40,000 direct cost (sales persons)

b) the indirect cost will be the advertizement as cannot be linked directly to the sales person cost.

3 0
2 years ago
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15,
beks73 [17]

Answer:

maximum profit ($30 in total) is obtained by selling 5 units

Explanation:

  1. if the market maker buys and sells one unit, his/her profit = $15 - $5 = $10
  2. if the market maker buys and sells two units, his/her profit = $10 + ($14 - $6) = $18
  3. if the market maker buys and sells three units, his/her profit = $18 + ($13 - $7) = $24
  4. if the market maker buys and sells four units, his/her profit = $24 + ($12 - $8) = $28
  5. if the market maker buys and sells five unit, his/her profit = $28 + ($11 - $9) = $30

the maximum profit per unit is obtained by selling only 1 unit, but the total maximum profit is obtained by selling 5 units.

3 0
2 years ago
Which of the following statements is not true of a strategic inflection point?
Elanso [62]

Answer:

The correct anwer is E) A new CEO is an example of a strategic inflection point.

Explanation:

The statement that "A new CEO is an example of a strategic inflection point" is false since to determine a strategic inflection point we rely on other factors that affect companies such as the power of competitors, the power of customers, the power of potential competitors, the power of suppliers and the power of substitutes.

For example, if my product or service is exceeded 10 times more by the competition in quality or price; we are talking about a strategic inflection point.

8 0
2 years ago
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