Ring company makes telephones. currently, ring makes all components of the telephones in-house. an outside company has offered to supply one component, part number x76, for $12 each. ring uses 22,000 of these components per year. costs of x76 are as follows: direct materials $3.00 direct labor $1.50 variable overhead $2.75 fixed overhead $5.00 suppose that 30% of the fixed overhead is avoidable if part x76 is not made by ring. should ring purchase the part from the outside supplier? a. yes, income will increase by $10,500. b. yes, income will increase by $74,500. c. no, income will decrease by $15,000. d. no, income will decrease by $71,500.

Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the united states; in france.

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58