Nolan Company Has Two Segments: Audio and Video

question 17

Multiple Choice

Nolan Company has two segments: Audio and Video.Sales for the Audio Segment were $500,000,and variable costs were 60% of sales.The Video Segment also had sales of $500,000,but variable costs were 60% of sales.Fixed costs directly traceable to the Audio and Video segments were $150,000 and $120,000,respectively.Common fixed costs of $200,000 were arbitrarily allocated equally to each segment. ​
What was the contribution margin of the Audio Segment.

• A)$50,000
• B)$300,000
• C)$200,000
• D)$150,000

Recognize and compute cumulative and relative frequency distributions.

Calculate the relative frequency of a class.

Conceptualize cumulative percent frequency distributions.

Distinguish between different types of data (categorical vs quantitative).

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Definitions:

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect in a certain context, used as a default position until evidence suggests otherwise.

Correlation

A measure of the relationship between two variables, indicating how one may predict or relate to the other.

Consensus Validation

A method of establishing the reliability of a construct by demonstrating agreement among independent judges or assessments.

Big Five

The Big Five refers to a model in personality psychology comprising five broad personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.