Random variable

Ramli Ali stated that, PHSB was unable to offer an attractive remuneration package to their drivers. With more attractive remunerations offered by big companies, drivers tend to bite the bait. Therefore, PHSB needed to hire and train new drivers more frequently. This activity had made increment in the Administration and Operation Expenses for year 2009. The pilferage activities are recognized to happen during year end. This was identified that most of the drivers more likely needed money during…

Summary Our negotiation exercise was divided into two parts: 1983 wage negotiation, and 1985 negotiation. In 1983 wage negotiation, my team had to negotiate the base wage rate with Local 190, which is a labor union, for the cheaper base wage rate as Adam Baxter Company’s management. Local 190 wanted $10.69 of the base wage rate, and our reservation point was $10.25. During the negotiation, Adam Baxter Company and Local 190 gradually reached the price point with acceptable condition that both…

First off, it is impossible to assign a variable to a group of number that is infinite and keep going on forever. With that in mind, it would be impossible to count how big the whole line is because we could not count those variables because they represent and incorrect amount of number between 0 and 1, so our first solution is false. For our second solution, we can render that false as…

Production (c=a/b) 0.931(ton/acres) Production cost1 (d) 228.71($/ton) Jacob (Breakeven cost) Production cost2 (d*c) 212.97($/acre) Grower payment per acre Payment(USD/acre)=crop price (USD/ton)* yield (ton/acre) The crop price is a changing variable in response to the gap between production and demand annually. Therefore payment is also changing over time, whereas production cost is constant (212.97$/acre). Net grower payment per acre NGPP=Payment-Cost Growers’ uptake Adopting…

Demand is the “total quantity customers are willing and able to purchase” (Shah, 2017)1, looking at the price elasticity of demand determines how much a product is priced and how responsive demand is to the change of that price. For example, 500 people will be willing to pay £15 for a concert ticket, however if the price of the ticket was increased to £25, then only 250 people would be willing to pay. This can be shown using a demand curve, which is based upon the principle that if the price of…

Suzi's Vetkoek Suzi wants to sell vetkoek on Sundays at the local market. About 1 880 people visit the market every Sunday. Each person spends about R16.50 per day with 20% of this amount being spent on food. Although there are other food stalls at the market, Suzi is sure that she can attract at least 5% of market share to start with. The following calculation gives the potential rand value of this market share: Number of consumers 1 880 Average spending per day R16.50 Total spending of…

One study by White and Vogt (2000) summarized the costs and benefits of the MPA in 2000. The study stated that total costs for the MPA were approximately US$150, 00010 per year in 2000. However, the annual benefits from fish catches, boat transfers for tourists, sales from tourist resorts and tourism jobs were estimated at US$240,000. Thus, the net financial benefit from the MPA in 2000 was US$90,000 or about US$720 for each of Apo’s 125 households (US$150 per person) (White and Vogt 2000).…

The second role of a management accountant is having to able to come up with budgeting reports. An organization means to achieving goals is through budgeting. (Professor Phillip W. Gillet, n.d.) Budgeting helps the top management to allocate resources and emphasize certain activities more easily. Various budget formation in managerial accounting can influence how a manager or in charge person forecasts a department activity and how he or she addresses the progress to meet the organization’s…

3.3.3 Cost structure The major cost for this process is the cost of raw materials. They procure materials from various parts of India and also Tanzania, Africa. They do not differentiate between fixed and variable costs. The final processed cashews are sold at 400-450 per kg. Also, a by-product from this process is the cashew-oil which is extracted and sold separately, this is done in a separate plant and also adds to the revenues of the firm. 3.3.4 Investments: Existing and Planning The major…

Wingate Major Project Jonah Hopkins, Baedon Gilbert-Williams, Jil Patel, Brandon Barnsenbach Mohawk College Nicholas Patrella, Jason Macculloch December 24th, 2017 1. Jil Patel: Wingate test calculation: • Client name: Baedon (weight = 96 kg) I. Power output (RPM =10) (5sec= 0.0833) [force = load(kg)×RPM (5sec interval)] (distance = 6m/min) = [Force Distance] Time = [7.2 x 10 x 6] 0.0833 = 432 0.0833 = 5186.07 kg m/min [1.0 W = 6.12 kg m/min] =…