What is the likelihood that the commute will take 30 minutes or longer?
Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month and assigned them to five different categories as shown in the table.
Commute Length Number of Observations
commute time <10 minutes 1
10 ? commute time < 20 minutes 2
20 ? commute time < 30 minutes 4
30 ? commute time < 40 minutes 9
40 ? commute time < 50 minutes 4
Answer: 13/20 = 65%
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In what situations is the payback period method especially useful?
Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to a 11.2% rate of return on invested assets of $350,000. Fixed factory overhead cost $105,000 Fixed selling and administrative costs 35,000 Variable direct materials cost per unit 4.34 Variable direct
labor cost per unit 5.18 Variable factory overhead cost per unit .98 Variable selling and administrative cost per unit .70 The variable cost per unit for the production and sale of the company's product is: A) $14.00 B) $12.60 C) $ 9.80 D) $11.20
Ogilvie Corp. issued 22,000 shares of no-par stock for $20 per share. Ogilvie was authorized to issue 45,000 shares. What effect will this event have on the elements of the company's financial statements?
A. Increase assets and increase stockholders' equity by $900,000 B. Increase cash inflows from investing activities by $440,000 C. Increase assets and increase stockholders' equity by $440,000 D. None of these answer choices are correct.
The three phases of CRM include (1) ____________, (2) analyzing and (3) predicting.
Fill in the blank(s) with the appropriate word(s).