Ahealth inspector wants to check compliance with a new city ordinance on meat storage. since he can only inspect 10 of the 33 stores, he chooses to do a stratified random sample that consists of all 3 of the large chain stores, 4 of the 10 smaller chain stores, and 3 of the 20 locally-owned stores. from his inspection he finds that 2 of the 3 large chain stores are compliant, 1 of the 4 smaller chain stores is compliant, and 1 of the 3 locally-owned chain stores is compliant. using the sample results, estimate the proportion of the entire population of stores that is compliant with the ordinance. a.0.121 b.0.4 c.0.6 d.0.879

Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product