Random variable

a set percentage to the cost for the profit margin. This method is popular and easy to use. Assume you are the manufacturer of steel fences. You financial analysis showed the following: Variable costs R60 Fixed costs R15 000 Expected sales 5000 fences The unit cost for each fence is: Unit cost = Variable cost + Fixed cost Current…

Based on the information displayed in the Histogram, the distribution would be bimodal. The bimodal tells us that there are two distinct modes, or peaks present in this data. In the case of this data, the $31,000-$40,000 would represent major mode or larger peak while $51,000-$60,000 would be the smaller peak or minor mode. First we must calculate the percent change between 1999 and 2015. To accomplish this, using the data in Worksheet 1 “Data” we use the formula…

Prices Yarn (Rs. / Kg) Rs. 160 Grey Fabric (Rs. / mtr) Rs. 62 Cost of Accessories (Rs/pcs) 34 Garments S.P. (Rs./pc) USD 5.25* * The average price of the garments is USD 5.25. The exchange rate considered is Rs. 63 / USD The total output and the raw material requirement under various process heads is summarised in the table under. Total Requirement Cotton yarn for GF GF for FF Garments for Retailing Kgs /month mtr/day Pcs/month Requirement and Demand 51,546 797,900 296,000 Note: All the…

Room. The GOPPAR is calculated by dividing the GOP available by the size rooms multiplied by the opening days will be divided (Appendix A). The overheads management, marketing, maintenance, energy, cleaning, disposal, and other expenses, including variable and fixed cost, are also imputed to fold to the divisions. Hotelier can boost up GOPPAR by increasing the ADR. GOPPAR, in general, provides an accurate indication of profitability as well as, an accurate perspective on hotel’s revenue…

4.7 Fiction Stir Welding Cost Model This suggestion model considers various cost components engaged in the total cost valuation of a friction stir welded joint pipes. Friction stir welding cost suggestion model is structured using the major cost components. The representative components of a friction stir welding pipes cost evaluation are listed below [37-42]: 1. Labor cost (weld preparation time + actual weld time) 2. Power cost 3. Machine cost 4. Tooling cost The sum of all the component…

be additionally called variable costs, VC, as they flex depending upon the organization's level of action/production and decide the organization's offering value that is reflected in sales forecast, including 70% of COGS (see Appendix: Section A). The accompanying chart demonstrates a graphical delineation of the equal change of the organization's offering cost by COGS' change. At the point when COGS expand, so does the value sales forecast as it is the dependent variable and in this way the two…

Therefore our Cost of Excess Capacity is 235.600 (19% of Total Quality Control Costs). When we calculate assuming that there are no alternatives uses for the resources tied up in the quality control process, we are essentially stating that since we are not utilising the capacity which we paid a fixed cost for, we are incurring the cost of having it available and not using it. The inability to effectively utilise this excess capacity in another engagement demonstrates the company’s inability to…

This article talks about how people react when they are/feel excluded. Certain people have different coping mechanisms for this and reasons why they are hurt by being excluded. The authors in this article go in depth as to what factors could lead people to having a lower sense of fear that people get from exclusion and the psychology behind it all. The main theory of this article basically acknowledges the fact that people are discomforted by rejection and exclusions. When people are excluded…

González-Menéndez, Fernández, Rodríguez, and Villagrá (2013) studied the effects of Acceptance and Commitment Therapy (ACT) on 37 female inmates were incarcerated for a drug-related crime; participants were not abstinent from substances at the beginning of the study. Participants were randomly assigned to ACT or Cognitive Behavioral Therapy (CBT) and data was collected for two years (González-Menéndez, 2013). The purpose of the study was to determine the long-term efficacy of ACT on drug abuse…

Company Background AllTell Marketing Services provides a wide range of clients with a total suite of marketing and e-commerce solutions desigend to assist in gaining new customers, retaining existing clientele and further developing additional marketing services and strategy. AllTell designs and manages thousands of e-commerce websites that assist with implementing customer targeting, and segmentation strategies that help growing and measuring revenue possibilities in every customer…