"Find three errors in the accompanying ERD (see link in instructions) and explain why they are errors. Your answers should be in complete sentences. Registration
Student
• Person Number
• First Name
• Last Name
• Major
• Minor
• Quality Points
• Credit Hours
• GPA
• Birth Date
• Gender
Registration
• Registration ID
• Person Number
• Course ID
• Building
• Room
• Grade (e.g. A) Course
Course
• Course ID (e.g. 085122)
• Registration ID
• Department (e.g. MGS)
• Level (e.g. 351)
• Instructor Name
• Course Description
*Note: Assume ALL relationships have been identified and drawn correctly. *Note: Assume each record in the Course entity refers to a single course. For example, there is only one record for MGS351.
"

A person's exposure to commercials in a day is currently thought to range from 6,000 to 10,000 adverts on a daily basis.

Ad exposure is the total amount of time spent seeing ads, whereas ad impressions track how many times an ad has been seen. Greater exposure is a result of more impressions, though not always proportionally. Of all, most people won't remember viewing the 4,000–10,000 messages they see every day.

This is because we've built a screening procedure to disregard the majority of commercial messages in order to maintain our sanity. Each day, fewer than 100 of them manage to get past our "attention wall". Self-preservation is the only consideration.

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The most important overseer in the self-regulation of the securities market is the Financial Industry Regulatory Authority (FINRA), which is the largest nongovernmental regulator of all securities firms in the United States.

FINRA is a nongovernmental organization that serves as a self-regulatory organization (SRO) for the securities industry in the United States. FINRA is in charge of overseeing and regulating the securities industry, as well as protecting investors. It was founded in 2007 after the consolidation of two regulatory organizations, the National Association of Securities Dealers (NASD) and the New York Stock Exchange (NYSE).

FINRA enforces securities industry regulations and oversees brokers, broker-dealers, and their affiliates. FINRA also regulates financial exchanges, such as the Nasdaq Stock Market and the American Stock Exchange. FINRA is a member of the International Organization of Securities Commissions (IOSCO), which is a global organization that regulates financial markets and sets standards for securities firms.

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Big Data is a term used to describe the highly complex datasets that information technologies allow organizations, companies and institutions to collect and store. Alternative A is correct.

Big Data refers to data that is too massive or complex to be processed through traditional data processing tools. The datasets are often so massive that they need a specific toolset for managing them. Because of the proliferation of technology, Big Data has become more easily accessible.

Marketing research is no longer about solely gathering data but also using sophisticated technological tools to obtain insights into the data. Big Data is a term that refers to datasets that are too large, complex, or fast-moving to be processed using traditional methods. It has applications in a variety of fields, including business, healthcare, and scientific research.

In conclusion, alternative a. Big Data is correct.

The full question is:

In the context of the growing complexity of marketing research, which of the following terms describes the large and complex datasets that information technology allows organizations to collect and store?

a) Big Data

b) Data marketing

c) Sale of data

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An employment rate refers to the employment-to-population ratio or, more specifically, the proportion of working-age persons employed in an economy.

The given table describes the hypothetical employment statistics for a country in a given year.

The table shows the following information:

Full-time workers = 188 million

Involuntary part-time workers = 6 million

Discouraged workers = 4 million

Voluntary part-time workers = 200 million

= 188 million + 6 million + 4 million + 200 million= 398 million

= 6 million + 4 million= 10 million

Unemployment rate = (Number of unemployed persons / Labor force) × 100

Putting the given values in the above formula, we get:

Therefore, the unemployment rate is 2.51%.

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The statement "As a result, the Food Cost Percentage for this item is 20%" is true when considering the cost of production and selling price of the menu item.


Let's understand what is food cost percentage and how it is calculated. Food cost percentage is a calculation used in the restaurant and food service industry to determine the cost of ingredients used in a menu item compared to the price at which it is sold. It is the percentage of the total cost of food ingredients and labor required to make a dish.

1)The Food Cost Percentage is the cost incurred by the operation to produce the menu item compared to the selling price of the same item.
2) It is calculated by the formula:
      Food Cost Percentage = (Cost of Production / Selling Price) * 100,
Cost of Production = $3.00 Selling Price = $12.00Now,
Food Cost Percentage = (3/12)*100
                                      = 25%
    Hence, the food cost percentage for this item is 25%. So, the statement "As a result, the food cost percentage for this item is 20%" is false.

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Proportionality is key property of linear programming problems that states that rate of change along any constraint or objective function is constant.

Proportionality refers to the idea that two quantities are related to each other in a consistent and predictable way. In mathematical terms, proportionality means that as one quantity increases or decreases, the other quantity changes in direct proportion to it. This relationship is often expressed as a ratio or a fraction, with one quantity in the numerator and the other in the denominator. For example, if the speed of a car is proportional to the distance it travels, then doubling the distance would result in the car traveling twice as fast. Proportionality is a fundamental concept in many fields, including mathematics, physics, economics, and statistics, and is used to model and understand relationships between different variables.

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In the following question, among the given options on a chase demand strategy, the statement is said to be,  The correct answer is C. Inventory will fluctuate significantly during the year.

If a make-to-stock manufacturing firm with highly seasonal demand follows a chase-demand strategy The correct answer is C. Inventory will fluctuate significantly during the year. This is because a make-to-stock manufacturing firm with a chase-demand strategy will attempt to match production with demand. During the peak demand periods, the production rate must be set equal to the demand, which will lead to a higher inventory level than during the low demand periods. This means that inventory will fluctuate significantly during the year.

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The formula for the depreciation rate is: Depreciation Rate = (Cost of Asset - Salvage Value) / Useful Life

The depreciation rate is the percentage rate at which the value of an asset is depreciated over its useful life. This formula is used to calculate the annual depreciation expense for an asset, which is the amount of the asset's value that is expensed each year.

The cost of the asset is the initial cost of the asset, including any expenses related to acquiring or preparing the asset for use. The salvage value is the expected value of the asset at the end of its useful life. The useful life is the estimated period of time over which the asset will be used.

For example, if a company purchases a machine for $50,000, with an expected useful life of 10 years and a salvage value of $5,000, the depreciation rate would be:

Depreciation Rate = ($50,000 - $5,000) / 10 years

Depreciation Rate = $45,000 / 10 years

Depreciation Rate = $4,500 per year

Therefore, the annual depreciation expense for this machine would be $4,500.

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An observational study is appropriate to address the statement: A coffee shop manager wants to find out if using a new cleaning product will reduce staffing costs.

What is an observational study? Observational studies are studies where the investigator merely observes and records data. These studies may take place in the field or in the laboratory. Observational studies are further divided into cohort studies and case-control studies.Observational studies can be used to determine if an event is connected to a specific intervention. Observational studies can be used to determine if a health care system or program is successful in improving health outcomes.

Observational studies are conducted by trained investigators in a natural setting. What is an experimental study? An experimental study is a type of study in which the investigator carefully observes and records the results of a specific intervention. In an experimental study, the investigator compares a group of individuals who receive an intervention with a control group that does not receive the intervention. The purpose of the experimental study is to determine if the intervention is effective in achieving the desired outcome.

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The given statement in the question about evidence based management is true

Evidence-based management is an approach to decision-making that involves using data and evidence to inform business practices. It emphasizes making decisions based on what actually works in practice, rather than relying solely on assumptions, intuition, or tradition. This approach involves gathering and analyzing data, evaluating the effectiveness of past decisions, and using this information to guide future decision-making. Evidence-based management can be used in a variety of contexts, including human resources, marketing, finance, and operations. By using this approach, organizations can make more informed decisions, reduce the risk of errors, and improve overall performance. Additionally, evidence-based management fosters a culture of continuous improvement, where data is used to inform decision-making at every level of the organization.

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In the following question, among the given options, the statement is said to be "True." When a company solicits bill and hold orders from its customers and recognizes the sales in its income before delivery of the goods, this represents improper timing of revenue recognition.

Thus, the given statement is True. Bill and hold orders are transactions in which customers are billed for the goods but the delivery is not made until some future date.

Revenue recognition refers to accounting for revenues and expenses in the correct accounting period. This is important for investors, lenders, and management. Companies must comply with certain accounting principles to properly report their revenues, expenses, assets, and liabilities on their financial statements.

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The company that uses machines programmed to process different part types simultaneously, allowing them to mass-produce customized products uses a flexible manufacturing process.

What is Flexible manufacturing?

Flexible manufacturing is a manufacturing system that can produce a variety of components or products efficiently, typically using computer-controlled machinery. It allows a company to produce a wide range of parts or products while remaining cost-effective. The manufacturing process is used in the production of goods, and the goal of the process is to convert raw materials into finished goods that can be sold to customers.

The manufacturing process involves a series of steps that are designed to produce the product in the most efficient manner possible. Different manufacturing processes can be used to produce a product based on the type of product, materials used, and production volume.

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Your optimal risky portfolio allocation for a client with a risk aversion coefficient of 5 should be 70% stock and 30% bond.

A Stock is a manifestation of an individual or legal entity's equity participation in a corporation or limited liability company. A bond, on the other hand, is an authorization of debt by the bond issuer for a minimum term of one year.

There are some differences between stocks and bonds. Stocks are highly volatile and highly sensitive to macro and micro conditions. Bond prices, on the other hand, are relatively stable but sensitive to interest rates and inflation.

Shareholders have voting rights in the company (“GMS”). Bondholders, on the other hand, do not have voting rights in the company.

In the case of liquidation (dissolution of the company), the shareholders have reduced claims (residual receipts of the dissolution). However, in case of liquidation (dissolution of the company), creditors have priority over the company's assets. 

Your optimal risky portfolio allocation for a client with a risk aversion coefficient of 5 should be 70% stock and 30% bond.  The expected return of this portfolio is 8.70% and the standard deviation is 22.37%.

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During recession, companies need to act fast, or they will have nothing to capitalize on. During a recession, companies will have to face a reduction in their profits due to lower customer demand, reduced liquidity, and a slowdown in the economy.

As a result, businesses must act quickly to stay afloat during the recession. The following are some reasons why companies need to act quickly during a recession:

Keep an eye on the Cash flow: Companies need to monitor their cash flow regularly to see where they are overspending and where they may be able to cut back. They must also maintain close control of the amount of cash they have on hand, as a recession may cause cash flow issues. Moreover, In times of economic uncertainty, it is critical for businesses to pay close attention to their cash balances, cash reserves, and cash flow projections.

Reducing Costs: During a recession, businesses may be forced to reduce costs in order to remain afloat. It's critical to keep track of expenditures, such as labor, office expenses, marketing and advertising, and travel costs. Business owners must determine which expenses are necessary and which can be cut. If companies want to stay profitable, they must continue to monitor their expenses.

Creating new strategies: Companies must begin to innovate and create new business strategies during a recession to maintain their competitiveness. They may attempt to enter new markets, develop new goods and services, or alter their business models to adapt to changing consumer habits. They must also assess the potential risks of their new strategies while also prioritizing innovation over short-term gains in revenue.

In conclusion, companies need to act fast during recession or they will have nothing to capitalize on. So, it is essential for companies to keep an eye on cash flow, reduce costs and create new strategies to stay profitable during the recession.

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The statement "Most global firms find it is better to have expatriates rather than local staff at the management positions of their foreign operations because expatriates require less training and development than do the locals" is False.

In order to build and develop their overseas operations, global firms have long relied on a mix of expatriates and local employees. Expatriates' foreign operations and multinational corporations increasingly rely on expatriate executives to help them expand into new markets and geographies.

However, this doesn't mean that expatriates don't require any training or development. When a company sends an executive overseas, it usually pays for training and other assistance. Expatriates may require a significant amount of support to adapt to their new environment and succeed in their role. In fact, research has shown that expatriates who get the most support from their employer have a better chance of success than those who don't.

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From the information contained in the text above, the correct answer is c). $397,750.

To solve this problem, we need to first calculate the after-tax income of Jacobsen Corporation. Net profit after tax is the net income a company earns from net operating income (main business) or non-operating income (non-main business) during the period after income tax is deducted. 

Unusual gain of $217,000 and loss on discontinued operations of (317,000) are both material in amount, thus we need to add and subtract them from the before-tax income of $637,000 respectively.

This gives us an after-tax income of $397,750 ($637,000 + $217,000 - $317,000). Since Jacobsen Corporation prepares its financial statements applying U.S. GAAP, the company's income from continuing operations will be reported as the after-tax income of $397,750.

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The three economic questions all nations must decide how to answer are: what to produce, how to produce it, and who gets it. Free enterprise answers these questions by relying on supply and demand.

Free enterprise is an economic system in which people are free to start businesses, compete, and sell goods and services as they see fit. Free enterprise answers the three economic questions by providing incentives for individuals to work hard and create innovative products and services that satisfy the needs and wants of consumers.

In a free enterprise system, the answers to the three economic questions are determined by the forces of supply and demand. The three economic questions are:

In a free enterprise system, the answer to this question is determined by the wants and needs of consumers. Producers will create goods and services that they believe consumers want to buy. If they are successful in creating products that consumers want, then they will be rewarded with profits.

In a free enterprise system, the answer to this question is determined by the most efficient way of producing goods and services. Producers will use the most cost-effective methods to produce goods and services, in order to maximize their profits.

In a free enterprise system, the answer to this question is determined by the ability of consumers to pay for goods and services. Producers will create products that consumers are willing and able to buy, in order to maximize their profits.

In summary, free enterprise answers the three economic questions by providing incentives for individuals to work hard and create innovative products and services that satisfy the needs and wants of consumers. The answers to the three economic questions are determined by the forces of supply and demand.

Note: The question is incomplete. The complete question probably is: Explain how free enterprise answers the three economic questions all nations must decide how to answer.

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Leo never spends a lot of time or thought picking up lunch when he is at work. For him, lunch items would be considered to be convenience products

Products classified as convenience goods are those that are often inexpensive and are relatively simple to purchase. Given that they are typically inexpensive and accessible in a variety of places, these things are frequently bought without much consideration or effort. They are put in areas where customers may get them without any difficulty.

The goods are extensively dispersed, call for widespread advertising, and are generally posted in handy places. Thus, the preparation time is also reduced to a great extent. Quick snacks, drinks, and other fast and simple food items are a few examples of convenience items. In the given case, these kinds of items are probably what Leo thinks about while he is at work because he doesn't take much time or care into choosing his lunch.

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To prepare a trial balance, we need to list all the accounts and their balances. Here's the trial balance with the missing amount for Cash:

Concord Delivery Service

Trial Balance

July 31, 2020

Accounts Receivable $7,500

Prepaid Insurance $1,900

Accounts Payable $9,000

Maintenance and Repairs Expense $900

Cash $13,200

Service Revenue $11,000

Equipment $50,000

Owner's Drawings $900

Gasoline Expense $900

Owner's Capital $40,000

Utilities Expense $500

Salaries and Wages Expense $4,400

Notes Payable $17,000

Salaries and Wages Payable $500

Total $107,800

The missing amount for Cash is calculated by adding up all the debit balances and credit balances separately and then subtracting the smaller balance from the larger one. In this case, the total debits are $31,500 and the total credits are $18,300. So:

Cash = Total Debits - Total Credits

= $31,500 - $18,300

= $13,200

Therefore, the missing amount for Cash is $13,200.

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Treasury bonds paying 10.0% coupon rate with semiannual payments currently sell at par value. To sell at par with an annual coupon rate, the bond must pay an effective annual yield of 10.0%.

This can be calculated by taking the coupon rate (10.0%), dividing by 2 (since the payments are semiannual), and then multiplying by 2 again to get the effective annual yield (10.0%).

Therefore, to sell at par with an annual coupon rate, the bond must pay 10.0% coupon rate annually. This rate is the same as the effective annual yield of 10.0%, which is calculated by taking the coupon rate (10.0%), dividing by 2 (since the payments are semiannual), and then multiplying by 2 again to get the effective annual yield (10.0%).

To summarize, Treasury bonds paying 10.0% coupon rate with semiannual payments currently sell at par value. To sell at par with an annual coupon rate, the bond must pay an effective annual yield of 10.0%. This is calculated by taking the coupon rate (10.0%), dividing by 2 (since the payments are semiannual), and then multiplying by 2 again to get the effective annual yield (10.0%). Therefore, the coupon rate that the bond must pay in order to sell at par with an annual coupon rate is 10.0%.

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It is true that during the growth stage of the product life cycle, sales begin to rise as companies begin to take advantage of economies of scale in purchasing, manufacturing, and distribution because they want to expand their distribution channels and consider new markets to maximize sales and profits.

The product life cycle is a marketing concept that explains the stages a new product goes through during its time on the market. These four stages are: introduction, growth, maturity, and decline.

During the growth stage of the product life cycle, sales and profits begin to rise as a result of a variety of factors. Companies may begin to take advantage of economies of scale in purchasing, manufacturing, and distribution. Economies of scale are a cost-saving concept in which the cost of producing or providing a product or service decreases as the volume of production or output rises.

During the growth stage of the product life cycle, sales increase as the product becomes more well-known, sales channels expand, and consumer demand grows. This stage is characterized by an increase in advertising and promotion expenditures to encourage more people to purchase the product. During the growth stage, companies may also expand their distribution channels and consider new markets to maximize sales and profits.

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The payment of dividends to owners of a business would be recorded in the financing activities section. (C)

The financing activities section of a statement of cash flows shows all activities related to financing sources of a business such as issuing debt, paying dividends, and repurchasing of shares.

This section is used to record the flow of cash between the business and its owners, creditors, and other lenders. Therefore, the payment of dividends to owners of a business would be recorded in this section. (C)

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The term that describes Anna's type of unemployment is structural unemployment.

Structural unemployment is a form of long-term unemployment that is caused by a shift in the economy and job market. When a particular sector or industry falls out of favor or is affected by some technological advances, people who have worked in that industry may lose their jobs and find it difficult to transition to another sector or industry.

Structural unemployment occurs when people are out of work for an extended period of time because of changes in the economy. The skills of the unemployed do not meet the requirements of the available jobs, which results in a skills mismatch.

Structural unemployment arises as a result of changes in the economy's structure, as opposed to cyclical unemployment, which arises as a result of changes in the economy's cyclical nature. When the economy is expanding, cyclical unemployment is low, but when it is contracting, cyclical unemployment is high.

Frictional unemployment, on the other hand, arises as a result of people being between jobs or entering the job market for the first time.

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The sustainable growth rate can be calculated using the formula:

Sustainable Growth Rate = (Profit Margin x Asset Turnover x (1 - Payout Ratio)) / (1 - Debt Ratio) Where, Profit Margin = 5.9%Total Asset Turnover = 1.7Total Debt Ratio = 0.40Payout Ratio = 30%Substituting these values in the formula:

Sustainable Growth Rate = (5.9% x 1.7 x (1 - 30%)) / (1 - 0.40)Sustainable Growth Rate = (0.059 x 1.7 x 0.7) / 0.60Sustainable Growth Rate = 0.6986 or 69.86%Therefore, the sustainable growth rate of Hendrix Guitars, Inc. is 69.86% (rounded to 2 decimal places).

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Option (a), The general ledger's trading stock account's credit side and the cost of sales account's debit side are both updated with the cost of sales column total from the CRJ. The justification for this is that when a sales transaction is accomplished, the original cost of the trading stock must be disclosed as an expenditure.

Your account ledgers' post references provide the exact location in the journal, such as a page number or line number, where a transaction was recorded. The ability to rapidly compare the sub-ledger record for a given transaction to the original journal item will then be available to anybody looking at it.

A general ledger is the name of the book or file that bookkeepers use to record all relevant accounts. The general ledger keeps track of five crucial accounting components: assets, liabilities, owner's capital, revenue, and costs. The transactions that first show in the journals are later updated in the general ledger accounts.

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Answer: This would be an example of using secondary market research. Nielsen-Net ratings is a market research tool that collects data on web surfing habits by demographic groups and provides the information to internet advertisers.

Explanation: The internet advertiser receiving information about the web surfing habits of various demographic groups by subscribing to Nielsen-Net Ratings would be an example of market research.

Market research is the systematic gathering, recording, and analysing of information relating to the marketing of goods and services. It includes research into consumers' characteristics, preferences, attitudes, habits, and purchasing power in order to determine whether the offering will be successful. It is also concerned with discovering the best way to persuade consumers to make a purchase.

Market research can be divided into two categories: primary research and secondary research.

Nielsen-Net Ratings is a market research company that provides comprehensive web measurement and analysis services. It measures online viewership for websites and digital content, generating ratings that are used by advertisers to determine the value of the audience they reach.

It is similar to television ratings in that it provides information on how many viewers watched a particular show, and it uses this information to help advertisers decide where to spend their advertising dollars.

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The contribution margin is the difference between sales and total variable cost.  (D)

It is calculated by subtracting total variable cost from sales.

The contribution margin measures how much of each sale is left after variable costs are deducted, and is used to cover fixed costs and generate operating income.

The contribution margin is an important metric that measures the profitability of a business. It is calculated by subtracting total variable costs (such as cost of goods sold, commissions, and promotional expenses) from total sales.

The contribution margin indicates the amount of each sale that is left after variable costs are deducted, and is used to cover fixed costs (such as rent, insurance, and depreciation) and generate operating income.

Knowing the contribution margin helps businesses assess the performance of their sales strategies and determine whether they are meeting their profit targets.   (D)

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Managing a culturally diverse workforce is one of the elements if the aim is to manage diversity.

What is culturally diverse workforce?

Organizations will need to reassess existing management practises and adopt fresh, innovative methods of managing people as a result of demographic changes (women in the workforce, organisational reorganisation, and equal opportunity legislation). Performance at work and customer service will improve as a result of positive adjustments.

Diversity is advantageous for both employees and employers. Even though coworkers depend on one another, respecting individual variations can boost productivity.  A culturally diverse workforce can boost marketing opportunities, hiring, creativity, and company reputation while lowering the risk of lawsuits.

Diversity is essential to an organization's success in an era where adaptability and inventiveness are the keys to competition. Also, the repercussions (time and financial loss) should not be disregarded.

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In the following question, among the conditions given, Skittles has a lower DOL than Starburst, a 10% increase in sales would produce a greater percent increase in income for Skittles than Starburst.

The degree of operating leverage (DOL) measures the sensitivity of a company's operating income to changes in sales. It is calculated by dividing the contribution margin by the operating income.
For Skittles, the DOL can be calculated as follows:
Denominator: Operating income = $3,680,000
Numerator: Contribution margin = $5,430,000
DOL = Numerator/Denominator
DOL = $5,430,000/$3,680,000
DOL = 1.48
For Starburst, the DOL can be calculated as follows:
Denominator: Operating income = $1,272,000
Numerator: Contribution margin = $3,992,000
DOL = Numerator/Denominator
DOL = $3,992,000/$1,272,000
DOL = 3.13
Since Skittles has a lower DOL than Starburst, a 10% increase in sales would produce a greater percent increase in income for Skittles than Starburst.

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Since it is uniformly distributed with a range between 200 and 325, he average cost of a room at this hotel is $262.50 per night.

Uniform distribution is a probability distribution in which all possible values of a variable have an equal probability of occurring. In other words, the probability density function is constant over a range of values.

The average cost of a room at this hotel can be found using the formula for the mean of a uniform distribution:

Mean = (b + a) / 2

where a is the minimum value of the distribution (200) and b is the maximum value (325).

Mean = (325 + 200) / 2 = 262.5

Therefore, the average cost of a room at this hotel is $262.50 per night.

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