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A farmer has of apples and of potatoes for sale. The market price for apples (per pound) each day is a random variable with a mean of dollars and a standard deviation of dollars. Similarly, for a pound of potatoes, the mean price is , and the standard deviation is . It also costs him 2 dollars to bring all the apples and potatoes to the market. The market is busy with eager shoppers, so we can assume that he'll be able to sell all of each type of produce at that day's price.
d) Do you need to make any assumptions in computing the mean? How about the standard deviation?
" Ratio comparisons Robert Arias recently inherited a stock portfolio from his uncle. Wishing to learn more about the companies in which he is now invested, Robert performs a ratio analysis on each one and decides to compare them to one another. Some of his ratios are listed below.
|Ratio||Island Electric Utility||Burger Heaven||Fink Software||Roland Motors|
|Net profit margin||6.2%||14.3%||28.5%||8.4%|
Assuming that his uncle was a wise investor who assembled the portfolio with care, Robert finds the wide differences in these ratios confusing. Help him out.
b. Why might the current and quick ratios for the electric utility and the fast-food stock be so much lower than the same ratios for the other companies?"
A payroll register for Russell Company is provided in the Working Papers.
- Enter the July 15 payroll information on Mr. Patterson's quarterly earnings record. Mr. Patterson's employee number is 3; rate of pay is $18.25 per hour; social security number is 941-74-4818; position is production scheduler. Accumulated earnings at the end of the second quarter are$19,150.00.