Variable costs that are proxies for long-term costs should be used to measure profitability.
Answer the following statement true (T) or false (F)
False
To the extent that variable costs are proxies for avoidable costs, the contribution margin can be used as a measure of profitability.
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The alternative to market transactions in TCE is:
a. Barter b. Gifts c. Employment contracts d. Potlatch
Many people who bought X-Game gaming systems over the holidays have complained that the systems they purchased were defective. In a sample of 1200 units sold, 18 units were defective. a.Determine a 95% confidence interval for the percentage of defective systems in the population.b.If 1.5 million X-Game gaming systems were sold over the holidays, determine an interval for the number of defectives in sales.
What will be an ideal response?
The proprietor of a boutique in New York wanted to determine the average age of his customers. A random sample of 53 customers revealed an average age of 28 years with a standard deviation of 4 years. Determine a 98% confidence interval estimate for the average age of all his customers.
What will be an ideal response?
Most shopping center tenants pay a fixed rent
Indicate whether the statement is true or false