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sdas [7]
2 years ago
14

Suppose that you are responsible for making arrangements for a business convention and that you have been charged with choosing

a city for the conven- tion that has the least expensive hotel rooms. You have narrowed your choices to Atlanta and Houston. The file named Hotel contains samples of prices for rooms in Atlanta and Houston that are consistent with the results reported by Smith Travel Research (smart Money, March 2009). Because considerable historical data on the prices of rooms in both cities are available, the population standard deviations for the prices can be assumed to be $20 in Atlanta and $25 in Houston. Based on the sample data, can you conclude that the mean price of a hotel room in Atlanta is lower than one in Houston

Business
1 answer:
Valentin [98]2 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,900 of dir
maxonik [38]

Answer:

The amount of job costs added to Work in Process Inventory during October is $26,950

Explanation:

Computation of manufacturing overheads is given below:

Manufacturing Overheads=Direct Labor × 200%

=($3,400 + $5,500) × 150%

=$8,900 × 150%

=$13,350

​Job Cost = Direct Materials+ Direct Labor+ Overheads Cost

=($1,900+$2,400) + ($3,400+$5,900) + $13,350

=$4,300 + $9,300 + $13,350

=$26,950

​

6 0
2 years ago
Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
12345 [234]

Answer:

False

Explanation:

Correlation tells you if there is association between two or more variables. Regression analysis model allow you to predict one variable from the other.

7 0
2 years ago
Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below: Sales $ 670,000
Marina86 [1]

Answer:

a. According to the company's accounting system, what is the net operating income earned by product D14E? (Net losses should be indicated by a minus sign.)

  • net loss -$65,000

b. What would be the financial advantage (disadvantage) of dropping product D14E? Should the product be dropped?

  • financial disadvantage of discontinuing the produce is -$68,000, so the company should not discontinue the product since its losses would increase

Explanation:

total sales $670,000

- variable expenses $295,000

- fixed manufacturing expenses $246,000

- fixed selling and administrative expenses $194,000

net loss = $65,000

if product D14E is discontinued, $196,000 + $111,000 = $307,000, of fixed expenses can be avoided, but $133,000 are not avoidable. if the company discontinues the product, its losses will increase by $133,000 - $65,000 = $68,000

3 0
2 years ago
The Fed increased the supply of US dollars at an average rate of 6 percent per year over the 1980-2005 period. Based on the theo
Charra [1.4K]

Answer:

These are the options for the question:

A. The average inflation rate during 1980-2005 would have been one percentage point higher than it actually was in that period.

B. The economy would have enjoyed a much higher level of output in the mid-2000s.

C. The price level in 2005 would have been about 28 percent higher than what it actually reached in that year.

D. The output of the economy in the mid-2000s would not have been very different from the levels it actually reached.

And this is the correct answer:

A. The average inflation rate during 1980-2005 would have been one percentage point higher than it actually was in that period.

Explanation:

According to the production capacity theory, if the money supply is increased, but the quantity of output is not, or is not increased at the same rate, then, inflation will set in.

In this case, the question is telling us that the Fed would have increased the money supply by one percentage point, but output (GDP growth) would have stayed the same.

For this reason, all else being equal, this higher amount of money supply would have simply created more inflation.

4 0
2 years ago
Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
Savatey [412]

Answer:

Food-service management

Explanation:

The International Council On Hotel, Restaurant & Institutional Education (I-CHRIE) was founded in 1946 as a non-profit organization for schools offering programs in hotel and restaurant management, food service management and culinary arts.

Hence, Lionel haven joined the International Council on Hotel, Restaurant and Institutional Education for career guidance is aspiring for a profession in hospitality or food-service management.

7 0
2 years ago
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