Required Information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year winter, last year Summer, last year Fall, this year winter, this year Professor Morton knows there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. Total Cost (in dollars) 16,000 14,000 12,000 10,000 Number of Sections offered Required: 1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on the vertical axis. 8,000 6,000 4,000 2,000 Total Cost $ 10,000 $ 14,000 $ 7,000 2. Repeat the same process for the plotter tools (winter last year to winter this year). 3. To enter exact coordinates, click on the point and enter the values of x and y. 4. To remove a point from the graph, click on the point and select delete option. $ 13,000 $ 9,500 0 Tools Fall last year Winter last ye Summer lasty Fall this year Winter this ye O
Required Information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year winter, last year Summer, last year Fall, this year winter, this year Professor Morton knows there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. Total Cost (in dollars) 16,000 14,000 12,000 10,000 Number of Sections offered Required: 1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on the vertical axis. 8,000 6,000 4,000 2,000 Total Cost $ 10,000 $ 14,000 $ 7,000 2. Repeat the same process for the plotter tools (winter last year to winter this year). 3. To enter exact coordinates, click on the point and enter the values of x and y. 4. To remove a point from the graph, click on the point and select delete option. $ 13,000 $ 9,500 0 Tools Fall last year Winter last ye Summer lasty Fall this year Winter this ye O
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section15.8B: Financial Ratios
Problem 1CC
Related questions
Question
![Required Information
[The following information applies to the questions displayed below.]
Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In
reviewing the department's cost records, Professor Morton found the following total cost associated with Finance 101 over
the last five terms:
Term
Fall, last year
winter, last year
Summer, last year
Fall, this year
winter, this year
Professor Morton knows there are some variable costs, such as amounts paid to graduate assistants, associated with the
course. He would like to have the variable and fixed costs separated for planning purposes.
Total Cost (in dollars)
16,000
14,000
12,000
10,000
Required:
1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.)
Instructions:
1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on
the vertical axis.
8,000
6,000
4,000
2. Repeat the same process for the plotter tools (winter last year to winter this year).
3. To enter exact coordinates, click on the point and enter the values of x and y.
4. To remove a point from the graph, click on the point and select delete option.
2,000
0
1
Number of
Sections
offered
2
c
4
6
2
5
3
A
Total Cost
$ 10,000
$ 14,000
$ 7,000
$ 13,000
$ 9,500
ת
F
Tools
Fall last year Winter last ye
Summer lasty Fall this year
Winter this ye](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbaae2dda-a252-496a-afa6-fe7a315ec7a1%2F7c066e98-0540-410a-b5da-0cbe56d74c6d%2F0eaw6zd_processed.png&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below.]
Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In
reviewing the department's cost records, Professor Morton found the following total cost associated with Finance 101 over
the last five terms:
Term
Fall, last year
winter, last year
Summer, last year
Fall, this year
winter, this year
Professor Morton knows there are some variable costs, such as amounts paid to graduate assistants, associated with the
course. He would like to have the variable and fixed costs separated for planning purposes.
Total Cost (in dollars)
16,000
14,000
12,000
10,000
Required:
1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.)
Instructions:
1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on
the vertical axis.
8,000
6,000
4,000
2. Repeat the same process for the plotter tools (winter last year to winter this year).
3. To enter exact coordinates, click on the point and enter the values of x and y.
4. To remove a point from the graph, click on the point and select delete option.
2,000
0
1
Number of
Sections
offered
2
c
4
6
2
5
3
A
Total Cost
$ 10,000
$ 14,000
$ 7,000
$ 13,000
$ 9,500
ת
F
Tools
Fall last year Winter last ye
Summer lasty Fall this year
Winter this ye
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