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What are non examples of qualitative?
Non-examples of qualitative data include numerical measurements and statistics, such as height, weight, or temperature, which can be expressed in precise numerical terms. Other non-examples are categorical data that involve quantifiable variables, like the number of students in a class or sales figures. Essentially, any data that can be analyzed using mathematical calculations or that represents quantities falls outside the realm of qualitative data, which focuses on descriptive characteristics and subjective qualities.
Explain the concept of the relevant range?
The relevant range refers to the level of activity or volume within which fixed and variable cost behavior remains consistent. It is the range of production or sales levels where the assumptions about cost behavior, such as fixed costs remaining constant and variable costs per unit being stable, are valid. Outside this range, costs may change, potentially leading to different cost structures and affecting decision-making. Understanding the relevant range is crucial for budgeting, forecasting, and cost management.
Who is the overwhelming world leader in microprocessor sales is?
Intel
Mat 117 week 2 concept application?
the yearly sales of plasma tv's for your company was $1,565,000 in 2004. sales increased to $2,450,000 in 2008. express these numbers in scientific notation.
What is incremental business?
Business (sales) that is in addition to what would be expected over a certain time period. If you normally do $1million per month in sales revenue, anything above the $1million would be considered incremental business (sales). Incremental business can come from new or existing customers. It may be tied to a promotion of some kind.
Is sales rank a quantitative or qualitative variable?
Sales rank is a quantitative variable. The underlying value is sales, obviously a quantitative value. The median, minimum, maximum and percentile values are all quantitative statistics based on the ranking of data.
Is predictions qualitative or quantitative?
Predictions can be both qualitative and quantitative, depending on the context and the type of data used. Qualitative predictions focus on subjective assessments, such as trends or themes, while quantitative predictions involve measurable data and statistical analysis. For example, forecasting sales figures would be quantitative, while predicting customer satisfaction levels based on survey responses could be qualitative. Ultimately, the nature of the prediction determines whether it is categorized as qualitative or quantitative.
Is the assessed value of a house qualitative or quantitative?
The assessed value of a house is quantitative because it can be measured and expressed as a specific dollar amount, usually based on factors such as the property's size, location, condition, and recent sales of comparable properties.
How can you determine sales when variable cost is given and sale ratio?
If Variable cost and sales ratio is provided then by using mathematical equation approach mixing figures can be found by using provided figures. Sales = Variable cost + Sales percentage of (Variable cost)
Is sales commissions a fixed or variable cost?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
Is commissions a fixed or variable costs?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
What does quantitative vs qualitative mean in an management position?
In a management position, quantitative refers to data that can be measured and expressed numerically, such as sales figures, productivity rates, or financial metrics. This type of data allows managers to analyze performance trends and make data-driven decisions. On the other hand, qualitative data involves descriptive insights that are often subjective, such as employee feedback, customer satisfaction, or team dynamics. Both types of data are essential for a well-rounded understanding of organizational performance and for making informed strategic decisions.
Does contribution margin equal Sales-variable costs?
Contribution margin is computed as sales revenue minus variable expenses
How do you calculate the Contribution margin ratio?
sales-variable cost= contribution
Is month or sales an independent variable?
In a typical analysis, sales is considered the dependent variable, as it is the outcome we are trying to understand or predict. The month, on the other hand, is an independent variable, as it can influence sales but is not affected by them. Thus, changes in the month (e.g., seasonal trends) can be used to analyze variations in sales.
Why would an organization like Kellogg's would use qualitative and quantitative data?
Kellogg's would use qualitative data to gain insights into consumer preferences, brand perceptions, and motivations behind purchasing behaviors, allowing them to tailor marketing strategies effectively. Quantitative data, on the other hand, provides measurable metrics on sales performance, market trends, and demographics, enabling the company to identify growth opportunities and assess the effectiveness of its campaigns. By integrating both data types, Kellogg's can make informed decisions that enhance product development and strengthen customer engagement.
Variable costing income is a function of?
sales
