A company has net sales of 110,000, cost of goods sold of 41,000, ...

[sabina]

A company has net sales of 110,000, cost of goods sold of 41,000, gross profit of 69,000, total operating expenses of 28,225, and net income of 40,775 . Rounded to the nearest tenth of a percent, what would the vertical analysis of the income statement have for total operating expenses?
 a. 37.1
 
  b. 25.6
 
  c. 88.4
 
  d. 62.7

Question 2

Company experts believe the development time will be from 5 to 9 months. They believe that 7 months is twice as likely as either 6 months or 8 months and that either of these latter possibilities is three times as likely as either 5 months or 9 months.

[macagnavarro]

Answer to Question 1

b

Answer to Question 2

This is another general discrete distribution, where we have to choose the probabilities so that they have the specified ratios, and add up to 1: P(5)=0.072, P(6)=0.215, P(7)=0.43, P(=0.215, P(9)=0.072.

[sabina]

Thank you

[macagnavarro]

No problemo