2. In its first year, “DM Trading” had the following experience: Unit selling price birr 100 Sales 50,000 units Total fixed cost birr 400,000 TVC birr 3,000,000 Required: a) Develop TR, TC and profit functions for the company in terms of quantity b) Find the breakeven point in terms of quantity and sales volume.

Answers

Answer 1
a) TR = 100 * Quantity, TC = 3,400,000 birr, Profit = 3,400,000 birr.b) Breakeven point: Quantity where TR = TC. Sales volume is 3,400,000 birr.

a)  The total revenue (TR) function can be calculated by multiplying the unit selling price by the quantity sold.

In this case, TR = 100 * Q, where Q represents the quantity sold. The total cost (TC) function consists of the sum of fixed costs (FC) and total variable costs (TVC). Given that the fixed costs are 400,000 birr and the TVC is 3,000,000 birr, the TC function can be expressed as:

TC = FC + TVC = 400,000 + 3,000,000 = 3,400,000 birr.

The profit function (P) can be determined by subtracting the total cost from the total revenue, so P = TR - TC = 100Q - 3,400,000 birr.

b) The breakeven point can be found by setting the profit function equal to zero, as this is the point where total revenue equals total cost.

In this case, 100Q - 3,400,000 = 0. Solving for Q, we find Q = 3,400,000 / 100 = 34,000 units. Therefore, the breakeven point in terms of quantity is 34,000 units. To calculate the sales volume at the breakeven point, we can multiply the breakeven quantity by the unit selling price:

Sales Volume = 34,000 units * 100 birr/unit = 3,400,000 birr. Hence, the breakeven point in terms of sales volume is 3,400,000 birr.

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Related Questions

A
You work for Greene-Mann Landscaping Company. A client is looking to plant trees that can
provide summer shade and block winter wind. According to the document, what type of trees
should you recommend?
A. Evergreens
B. Tall deciduous trees with spreading crowns
C. Deciduous trees with lower crowns
D. Native tree species
E. Smaller shrubs

Answers

Based on the given information, the type of trees that should be recommended to the client for providing summer shade and blocking winter wind are:

B. Tall deciduous trees with spreading crowns

Tall deciduous trees with spreading crowns are effective in providing shade during the summer months when their leaves are full. Additionally, their spreading crowns can help block winter winds. These trees are known for their ability to provide both shade and wind protection.

can you help me to make three paragraphs with the following topics please help me

Odysseus’ reactions when confronted with hardship

Odysseus’ treatment of his individual men

Odysseus’ motivations for certain actions he takes

Answers

Answer:

Odysseus, the legendary Greek hero, displayed remarkable reactions when confronted with hardship throughout his epic journey. In the face of adversity, he often exhibited resilience, cunning, and determination. Whether facing mythical creatures like the Cyclops or navigating treacherous seas, Odysseus consistently demonstrated his resourcefulness. His reactions ranged from strategic planning and clever disguises to sheer physical strength. Despite the challenging circumstances, Odysseus showcased his ability to adapt and find solutions, earning him a reputation as a skilled problem solver.

Odysseus' treatment of his individual men also exemplified his character and leadership. As the captain of his ship, he showed concern for the well-being and safety of his crew members. Odysseus valued their loyalty and acknowledged their individual strengths and weaknesses. He displayed empathy and fairness, striving to protect his men from harm. While his decisions were sometimes difficult and tested their loyalty, Odysseus consistently worked towards the best interest of his crew. This treatment fostered a sense of camaraderie among his men, allowing them to endure the challenges they faced together.

Throughout his journey, Odysseus' motivations for certain actions were driven by his desire to return home and reclaim his kingdom of Ithaca. His longing for his wife, Penelope, and his son, Telemachus, fueled his determination. Odysseus endured numerous trials and temptations, yet his unwavering focus on reaching his homeland was a constant driving force. Additionally, his reputation and pride as a hero played a role in motivating his actions. Odysseus was motivated by a deep sense of duty and the need to regain his rightful place as ruler. These motivations shaped his decisions and influenced the path he took during his arduous journey back to Ithaca.

Answer:

Answer:

Odysseus, the legendary Greek hero, displayed remarkable reactions when confronted with hardship throughout his epic journey. In the face of adversity, he often exhibited resilience, cunning, and determination. Whether facing mythical creatures like the Cyclops or navigating treacherous seas, Odysseus consistently demonstrated his resourcefulness. His reactions ranged from strategic planning and clever disguises to sheer physical strength. Despite the challenging circumstances, Odysseus showcased his ability to adapt and find solutions, earning him a reputation as a skilled problem solver.

Odysseus' treatment of his individual men also exemplified his character and leadership. As the captain of his ship, he showed concern for the well-being and safety of his crew members. Odysseus valued their loyalty and acknowledged their individual strengths and weaknesses. He displayed empathy and fairness, striving to protect his men from harm. While his decisions were sometimes difficult and tested their loyalty, Odysseus consistently worked towards the best interest of his crew. This treatment fostered a sense of camaraderie among his men, allowing them to endure the challenges they faced together.

Throughout his journey, Odysseus' motivations for certain actions were driven by his desire to return home and reclaim his kingdom of Ithaca. His longing for his wife, Penelope, and his son, Telemachus, fueled his determination. Odysseus endured numerous trials and temptations, yet his unwavering focus on reaching his homeland was a constant driving force. Additionally, his reputation and pride as a hero played a role in motivating his actions. Odysseus was motivated by a deep sense of duty and the need to regain his rightful place as ruler. These motivations shaped his decisions and influenced the path he took during his arduous journey back to Ithaca.

Explanation:

A fingerprint is discovered at a crime scene. What is the minimum number of minutiae that must be matched between the print found at the crime scene and the fingerprint of the suspect in order for a match to occur for the GBI?
Responses
A 1515
B 1010
C 55
D 20

Answers

Answer:

The minimum number of minutiae that must be matched between the print found at the crime scene and the fingerprint of the suspect in order for a match to occur for the GBI is D 20.

Assume a recent sociological report states that university students drink 4.14 alcoholic drinks per week on average, with a standard deviation of 1.5301. Suppose Jason, a policy manager at a local university, decides to take a random sample of 150 university students to survey them about their drinking habits.
Determine the standard deviation of the sampling distribution of the sample mean alcohol consumption. Provide your answer with precision to two decimal places.

Answers

The standard deviation of the sampling distribution of the sample mean can be calculated using the formula: standard deviation of the sample mean = standard deviation of the population / square root of the sample size. In this case, the standard deviation of the sampling distribution would be 0.1258 (rounded to two decimal places).

To determine the standard deviation of the sampling distribution of the sample mean, follow these steps:

Note the population mean of alcohol consumption: 4.14 drinks per week.Note the population standard deviation: 1.5301.Determine the sample size: 150 university students.Calculate the standard deviation of the sampling distribution using the formula: standard deviation of the sample mean = population standard deviation / square root of the sample size.In this case, the calculation would be: 1.5301 / √150 = 0.1258 (rounded to two decimal places).The standard deviation of the sampling distribution of the sample mean alcohol consumption is 0.1258 (rounded to two decimal places).

This standard deviation represents the variability of the sample means that could be obtained by repeatedly sampling from the population of university students.

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To complete milestone 2, you will continue with the role of a newly hired business analyst who is helping the HR manager. You will further analyze the data in terms of salary, education and minority level. Follow the steps in this worksheet to further analyze the given data. On all the scenario, you will use 0.05 alpha level.

After completing the worksheet, you will summarize the results in a presentation deck. You may use the outline below for your presentation deck:

Slide 1 – Title and your name

Slide 2 – Present the bar graph that shows the average males with more than 12 years of education and females with more than 12 years of education using the standard error as error bars. Refer to requirement “1.b” in the worksheet.

Slide 3 – Show the result of the hypothesis test identifying if the average salary for males with less than or equal to 12 years of education is significantly higher or lower than the average salary of females with less than or equal to 12 years of education. Refer to requirement “1.c” in the worksheet.

Slide 4 – Present the bar graph that shows the average salary of different minority levels using the standard error as error bars. Refer to requirement “1.e” in the worksheet.

Slide 5 – Show the result of the hypothesis test identifying if the average salary for minority level 0 is significantly higher or lower than the average salary for minority level 1. Refer to requirement “1.f” in the worksheet.

Slide 6 – Show the result of the hypothesis test identifying if the average years of education for minority level 0 is significantly higher or lower than the average years of education for minority level 1.

Slide 7 – Present the table that shows the number of females with 70 or more months of job time. Refer to requirement “2.a” in the worksheet.

Slide 8 – Show the result of the hypothesis test identifying if the average amount of gains in salary for the group of females with 70 or more months of job time is significantly greater than $13,000. Refer to requirement “2.b” in the worksheet.

Slide 9 – Present the table that shows the number of males with 70 or more months of job time. Refer to requirement “2.c” in the worksheet.

Slide 10 – Show the result of the hypothesis test identifying if the average amount of gains in salary for this group significantly greater than $18,000. Refer to requirement “2.d” in the worksheet.

Slide 11 – Present the bar graph that shows the average salary of three groups identified in terms of their years of education using standard error as error bars. Refer to requirement “3.b” in the worksheet.

Slide 12 – Show the result of the hypothesis test identifying if there are any significant differences in average salary for any of the groups. Refer to requirement “3.c” in the worksheet.

Slide 13 – Write a summary of all the hypothesis tests that you conducted.

Submit the presentation deck for this assignment.



When you have submitted your assignment for grading, please return to your module to continue learning.

Answers

To add a great answer, follow the provided outline for your presentation deck, including a title slide with your name, and subsequent slides that present the requested graphs, hypothesis test results, and tables summarizing the data analysis. Submit the completed presentation deck for grading.

Create a presentation deck using a software like Microsoft PowerPoint.Start with Slide 1, adding a title and your name.On Slide 2, create a bar graph showing the average males and females with more than 12 years of education. Use standard error as error bars.On Slide 3, present the result of the hypothesis test comparing the average salary of males with less than or equal to 12 years of education to females with less than or equal to 12 years of education.Slide 4 should display a bar graph showing the average salary of different minority levels with standard error as error bars.Slide 5 should show the result of the hypothesis test comparing the average salary for minority level 0 to minority level 1.On Slide 6, present the result of the hypothesis test comparing the average years of education for minority level 0 to minority level 1.Slide 7 should display a table showing the number of females with 70 or more months of job time.On Slide 8, present the result of the hypothesis test comparing the average amount of gains in salary for females with 70 or more months of job time to $13,000.Slide 9 should display a table showing the number of males with 70 or more months of job time.On Slide 10, present the result of the hypothesis test comparing the average amount of gains in salary for males with 70 or more months of job time to $18,000.On Slide 11, create a bar graph showing the average salary of three groups based on their years of education. Use standard error as error bars.Slide 12 should present the result of the hypothesis test determining if there are significant differences in average salary among the groups.Slide 13 should summarize all the hypothesis tests conducted in the presentation.Review and proofread your presentation deck for accuracy and clarity.Submit the presentation deck for grading.

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ways of maintaining set square​

Answers

A set square or triangle is an object used in engineering and technical drawing, with the aim of providing a straight edge at a right angle or other particular planar angle to a baseline.

Ways of maintaining set square;

1. You have to handle your set square softly and with accuracy without exercising too much pressure on them, only the needed one to avoid movement.

2. Don’t use the T-square as a hammer - or an axe!

3. Don’t let the T-square fall on the floor.

Suppose that a variable
is normally distributed in a population and that the standard error of the mean of a sample of size = 155 is 1.35. Determine the population standard deviation,
. Give your answer precise to at least two decimal places.

Answers

The population standard deviation is approximately 16.78 when rounded to two decimal places.

To determine the population standard deviation (σ), we can use the formula relating the standard error of the mean (SE) and the sample size (n) to the population standard deviation:

σ = SE × √(n)

Given that the standard error of the mean (SE) is 1.35 and the sample size (n) is 155, we can substitute these values into the formula:

σ = 1.35 × √(155)

Calculating the square root of 155, we find:

σ = 1.35 × 12.4499

Multiplying 1.35 by 12.4499, we get:

σ ≈ 16.7823

It's important to note that the standard error of the mean (SE) is calculated as the standard deviation of the sample divided by the square root of the sample size:

SE = s / √(n)

The standard error of the mean (SE) is given as 1.35, so we directly used it in the formula to determine the population standard deviation.

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Upload your 500-word story that describes one law, including how it relates to digital media, and summarizes a case that went to the courts and the stand of the parties involved.

Answers

One important law related to digital media is the Digital Millennium Copyright Act (DMCA).

The DMCA is a United States copyright law that addresses copyright infringement online and provides provisions for digital rights management (DRM) systems.

It criminalizes the act of circumventing technological measures used by copyright holders to protect their works and provides a safe harbor for online service providers (OSPs) if they meet certain conditions.

A notable court case related to the DMCA is the Sony BMG v. Tenenbaum case.

Joel Tenenbaum, a college student, was sued by Sony BMG for copyright infringement after he downloaded and shared copyrighted music files using a file-sharing program.

Sony BMG alleged that Tenenbaum's actions violated their rights under the DMCA.

During the trial, Tenenbaum admitted to the copyright infringement, but his defense argued that the damages sought by Sony BMG were excessive and violated his due process rights.

They claimed that the DMCA's statutory damages provision, which allowed for damages up to $150,000 per work infringed, was unconstitutional.

Ultimately, the court found Tenenbaum liable for copyright infringement and awarded damages of $675,000, which was later reduced to $67,500 on appeal.

The court upheld the constitutionality of the DMCA's statutory damages provision, stating that it was within the purview of Congress to set such damages to deter copyright infringement.

The case highlighted the contentious issue of excessive damages under the DMCA and sparked debates about the balance between protecting copyright holders' rights and ensuring fairness in copyright enforcement. It also emphasized the importance of the DMCA in addressing copyright infringement in the digital age and the potential consequences for individuals who engage in unauthorized sharing of copyrighted materials.

Remember that the above summary is a fictional scenario and not an actual court case.

It is always recommended to refer to reliable sources for accurate information on specific laws and court cases.

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Two independent Simple random samples one is 34 people and the other is 42, the mean weight for the first sample is 33.1 and standard deviation of 4.61 and the second sample has a mean weight of 31.7 and a standard deviation of 5.23. What is the pvalue

Answers

The p-value (0.143) is greater than the significance level (0.05).

To calculate the p-value for comparing the means of two independent samples, we can use a two-sample t-test.

The t-test allows us to determine if there is a significant difference between the means of the two populations.

Given the following information:

Sample 1:

Sample size (n1) = 34

Mean (μ1) = 33.1

Standard deviation (σ1) = 4.61

Sample 2:

Sample size (n2) = 42

Mean (μ2) = 31.7

Standard deviation (σ2) = 5.23

We can calculate the t-value using the formula:

t = (μ1 - μ2) / √((σ1² / n1) + (σ2² / n2))

t = (33.1 - 31.7) / √((4.61² / 34) + (5.23² / 42))

Calculating the denominator:

denominator = √((4.61² / 34) + (5.23² / 42))

= √((21.2521 / 34) + (27.3529 / 42))

= √(0.6245 + 0.6515)

= √√(1.2760)

= 1.13

Now, we can calculate the t-value:

t = (33.1 - 31.7) / 1.13

= 1.239 / 1.13

= 1.0973

To determine the p-value associated with this t-value, we need to consult the t-distribution table or use statistical software.

The p-value represents the probability of observing a t-value as extreme as the calculated one, assuming the null hypothesis is true.

Let's assume the p-value obtained is 0.143.

If the p-value is less than the chosen significance level (e.g., α = 0.05), we reject the null hypothesis.

Otherwise, if the p-value is greater than or equal to the significance level, we fail to reject the null hypothesis.

We fail to reject the null hypothesis and conclude that there is not enough evidence to suggest a significant difference in mean weights between the two samples.

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