A Company Has Four Departments (A,B,C and

question 24

Short Answer

A company has four departments (A,B,C and
A)A
B)B
C)C
D)D
D)and the net sales are $35,000; $40,000; $60,000 and $25,000 respectively.The cost of goods sold per department are $25,000; $15,000; $40,000 and $15,000 respectively.What department has the highest gross profit?

• A)A
• B)B
• C)C
• D)D
• D)and the net sales are $35,000; $40,000; $60,000 and $25,000 respectively.The cost of goods sold per department are $25,000; $15,000; $40,000 and $15,000 respectively.What department has the highest gross profit?

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.

Returns

Returns are the profits or losses generated from an investment over a specified period, often expressed as a percentage of the initial investment amount.

Risk

The possibility of loss or another adverse outcome resulting from a particular action or event.

Negatively Skewed Distribution

A probability distribution that is skewed to the left, indicating that the tail on the left side of the probability density function is longer or fatter than the right side.