Answer the Following Questions Using the Information Below

question 6

Multiple Choice

Answer the following questions using the information below:
The Appliance Store sells a refrigerator and a freezer as a single package for $1,000. Other data are in the chart below.

-Using the stand-alone method with stand-alone product revenues as the weight for revenue allocation, what amount will be allocated to the refrigerator?

• A)$687.50
• B)$612.50
• C)$625.00
• D)$825.00

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Definitions:

Blackjack

A casino card game where players attempt to reach a hand value as close to 21 as possible without exceeding it.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data values.

Risk-averse

Refers to the preference of an individual or entity to avoid risk rather than facing it, often choosing options with more predictable and less risky outcomes.

Expected Income

The amount of money one anticipates earning over a certain period, factoring in various possible outcomes.