Answer:
Explanation:
Prepare the journal entry to record the sale of merchandise on account, and the cost of goods sold.
Date Particulars Debit Credit
May 24 Accounts receivable – O T Cafe $18,450
Sales $18,450
(To record sale of merchandise on account)
May 24 Cost of merchandise sold $11,000
Merchandise inventory $11,000
(To record the cost of goods sold)
Table (1)
Sale on account increases accounts receivable and sales revenue account. Hence, an increase in accounts receivable (asset account) is debited with $18,450 and an increase in sales revenue (stockholders’ equity account) is credited with $18,450.
Cost of goods sold is $11,000. Thus the expense incurred must be recognized by increasing cost of goods sold account and the merchandise inventory which is sold out should be decreased to record the inventory which is sold out. Hence, an increase in Cost of goods sold (expense account) is debited with $11,000 and a decrease in Merchandise inventory (asset account) is credited with $11,000.
2.
Prepare the journal entry to record the collection of cash and write-off of uncollectible accounts, under direct write-off method.
Date Particulars Debit Credit
September 30 Cash $6,000
Allowance for doubtful accounts $12,450
Account receivable – O T Cafe $18,450
(To record cash collection and write-off of uncollectible account receivable )
Table (2)
To record the collection of cash on account, cash account must be increased and accounts receivable must be decreased by $6,000.
To record this write-off of uncollectible receivables of $12,450 ($18,450−$6,000)($18,450−$6,000) under allowance method, both allowance for doubtful accounts and accounts receivable must be decreased by $12,450
Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so
tell me the HCF of 18 and 48
Answer:
6
Explanation:
Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time, 2) individualism. Give a country or region that would be different from the US for each of the two variables.
The correct answer to this open question is the following.
Give examples of operational conflicts that could occur in a cross-cultural context because of different attitudes towards:1) time, 2) individualism.
Well, let's start with time. In the United States, time is of the utmost importance. There we have the old saying: "Time is money."
In the workplace, everything is based on the smart and efficient use of time. No time must be wasted in the workplace.
Individual effort is important in the American culture, but the team effort, the concept of being a good team player is very important under the following premise: teams can accomplish more than individuals.
What most Americans desire is individual recognition through team effort.
That is why team sports are so good in the United States because they exemplify the way teams function and what they can accomplish. For instance, college and pro football, basketball, and baseball.
The region that has a different approach, is Latin America. This does not mean that is better than the other, just that there are major differences between the two.
The management of time is very different in Latin American countries. It is not as important as the US. People in Latin America approach the concept of time in a more relaxed way. In Latin America, there is a more relaxed approach to time. Nothing is urgent, Things take time. Things are made at a different pace compared to the US.
And regarding individualism, Latin American people tend to prefer to be more individualistic to do things trying to get some recognition, The team concept is not as developed as in the US.
1. Briefly summarize the actions a firm can take to enhance the ethical behavior of its purchasing
personnel?
The actions which a firm can take to enhance the ethical behavior of its purchasing personnel are:
Enforce strict compliance with rules and regulationsTake them on periodic trainings about ethicsGive out fines for employees who do not act ethicallyAccording to the given question, we are asked to show the actions which a firm can take to enhance the ethical behavior of its purchasing personnel
As a result of this, we can see that if a firm wants to improve the ethical behaviour, then they would have to make some rules and regulations with the guidelines on how best to use them so that the workers would always act in an ethical way such as being honest, faithful in their duties, etc
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A trial balance before adjustment included the following:
Debit Credit
Accounts receivable $133,000
Allowance for doubtful accounts $1,080
Sales 471,000
Sales returns and allowances 5,200
Required:
Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 4% of gross accounts receivable.
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)Net sales $ 9,200 Cost of goods sold 7,550 Depreciation 430 Earnings before interest and taxes $ 1,220 Interest paid 92 Taxable income $ 1,128 Taxes 395 Net income $ 733 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 200 $ 235 Accounts payable $ 1,370 $ 1,505 Accounts rec. 950 850 Long-term debt 1,050 1,315 Inventory 1,620 1,625 Common stock 3,200 2,950 Total $ 2,770 $ 2,710 Retained earnings 510 760 Net fixed assets 3,360 3,820 Total assets $ 6,130 $ 6,530 Total liab. & equity $ 6,130 $ 6,530 What is the return on equity for 2017?
Answer:
19.76%
Explanation:
The computation of the return on equity is shown below:
Return on equity = net income ÷ total stockholder equity
where,
Net income is $733
And, the total stockholder equity is
= Common stock + retained earning
= $2,950 + $760
= $3,710
So, the return on equity is
= $733 ÷ $3,710
= 19.76%
We simply applied the above formula
explain the possible source of expectation that the client uses
The possible source of expectation that the client has: Previous Experience, Word of Mouth and Reputation, Advertising and Marketing and Industry Standards and Best Practices.
Client expectations can arise from a variety of sources, including their needs, experiences, perceptions, and relationships. Here are some examples of client expectations:
Clients frequently build expectations based on previous experiences with similar products, services, or interactions with a specific firm or industry. Word of Mouth and Reputation: Clients' expectations might be formed based on what they have heard from others, such as friends, family, coworkers, or online evaluations. Advertising and marketing initiatives are used by businesses to shape customer expectations. Promotional materials, slogans, and branding messaging can shape clients' expectations about a product or service. Client Expectations Based on Industry Standards and Best Practises: Clients frequently have expectations based on industry standards and best practises.For such more question on Reputation:
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5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.
If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.
One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.
The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.
It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.
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Linda needs fresh fruits and vegetables so she decides to go grocery
shopping. According to Maslow's hierarchy of needs, which category of
needs does this fall under?
A. Physiological
B. Esteem
C. Affiliation
D. Safety
Answer:physiological
Explanation:
According to Maslow's hierarchy of needs, the Physiological category of needs is this condition. Thus, option A is correct.
What is Maslow's hierarchy of needs?According to Maslow's theory, a model of motivation, a person's conduct is determined by 5 categories of basic human needs. These needs include that physiology, safety, belongingness, respect, and self-actualization.
The base of Maslow’s model of requirements is biological requirements for human survival. They seem to be the things a man needs the most in order to live. Linda chooses to go shopping since she needed fresh produce. shopping.
They encompass the requirements for food, clothing, comfort, rest, and healthcare. At about this level, a human's drive stems from their survival instinct. Therefore, option A is the correct option.
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Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.
What is fraud ?
Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.
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A company cannot have discriminatory hiring policies based on race, gender or disabilities, even if the disability could impact performance.
On April 20, 2010, an oil rig in the Gulf of Mexico experienced a blowout. As a direct result of the blowout, more than 200 million gallons of crude oil were pumped into the Gulf of Mexico for a total of 87 days, making it the biggest oil spill in U.S. history. The following are some of the results directly attributed to the oil spill. Choose the appropriate societal impact from the dropdown list provided.
a. The initial oil rig explosion killed 11 people and injured 17 others.
b. Of the 400 miles of Louisiana coast, approximately 125 miles were polluted by the oil spill.
c. 170 US Coast Guard vessels, 7,500 employees, and 2,000 volunteers were engaged in grassroots cleanup activities.
d. 4,768 dead animals were collected as of August 2013. 4,080 of those were birds and 525 were sea turtles.
e. The fishing industry in the gulf lost $2.5 billion.
f. The gulf coast tourist industry lost approximately $23 billion in revenue.
g. 108 individuals working on the cleanup efforts reported symptoms including dizziness, vomiting, nausea, headaches, and chest pains, according to the Louisiana Department of Health.
h. Investors saw the value of their stock in the affected company drop by 54% in the three months following the oil spill.
Choosing the appropriate societal impact from the dropdown list for some of the results attributed to the Gulf of Mexico Oil Spill is as follows:
Results Societal Impacta) 11 people killed and injured 17 others. Health and Safety risks
b) 125 miles were polluted Environmental Damage
c) 170 US Coast Guard vessels,
7,500 employees, and 2,000 volunteers Social Disruption
d) 4,768 dead animals Environmental Damage
e) The fishing industry Social Disruption
f) The gulf coast tourist industry Social Disruption
g) 108 workers reported symptoms Health and Safety risks
h) Investors saw the value of their stock Social Disruption
What are the societal impacts of the Deepwater Horizon Spill?On April 20, 2010, the Gulf of Mexico Oil Spill was the largest marine oil spill.
Some of the societal impacts included:
Environmental DamageSocial DisruptionHealth and Safety risks.Thus, the Deepwater Horizon Spill recorded many socio-economic impacts as enumerated above.
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Why is planning important for organizations like State Farm?
Answer:
helps them too set realistic goals and gives them a deadline with the aid of careful preparation.
PLEASE HELP!!!!!!!!!!
Methods that can be used to increase document readability include _____.
1. columns
2. more special effects
3. boxes
4. shorter lines
5. longer lines
6. contrast
7. lots of white space
Rules answering this question:
⇒ It should be possible to select more than one answer.
⇒ Explain your answer!
⇒ Nonsense answer will be reported.
⇒ Incorrect answer will be reported.
Thanks!
Methods that can be used to increase document readability include is adjust space between column add contrast.
Requirements vary by document type and include standards for resolution, color and file format, as well as minimum metadata that needs to be clear when scanning.
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How does a production possibility chart assist in outlining opportunity cost?
1.lt compares profit potential of one product to another.
2.It compares production cost of one product to another.
3.It compares production numbers of one product to another.
4.lt compares consumer demand of one product to another.
In general, improvements in technology that is used to produce a good will result in ___________.
a decrease in supply
a shortage of the good
an increase in supply
higher operating costs
Answer:
first one
Explanation:
because I am a teacher and I know this
Much to the chagrin of established firms, one clear supertrend is that products and services must get to market faster because Multiple Choice it takes lots of resources to survive disruptive innovation. more competitors are offering targeted products. globalization is transforming whole industries. knowledge is the new competitive advantage.
The clear supertrend is that its products and services must get to market faster because more competitors are offering targeted products.
Firms who offers a wide scope of items or administrations are presently encountering serious tension from contenders offering specific arrangements in the industry.
Hence, to the annoyance of the established firms, the clear supertrend is that its products and services must get to market faster because more competitors are offering targeted products.Therefore, the Option A is correct.
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The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is Rs.500 a ride. Motorville taxicab drivers want to obtain government's permission to raise the fare to increase their revenues and ask you to be their economic adviser. After studying the market, you come up with the following demand schedule for taxicab rides:
Price (Rupees per ride) Quantity demanded (rides per month)
300 160
400 120
500 80
600 40
700 0
(i) Calculate the price elasticity of demand for taxicab rides as the fare rises from Rs.500 to Rs.600. Is the demand price elastic or inelastic for this fare rise? (2 Marks)
(ii) What happens to the taxicab drivers' total revenue if the fare rises from Rs.500 to Rs.600? How can you use your answers in part “a” to answer this question? Should the drivers try to obtain permission to raise the fare? (2 Marks)
(iii) Calculate the price elasticity of demand for taxicab rides as the fare falls from Rs.500 to Rs.400. Is the demand price elastic or inelastic for this fare decrease?
Answer:
The answer is below
Explanation:
i) The price elasticity of demand is given by the formula:
\(Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{40-80}{(40+80)/2} }{\frac{600-500}{(600+500)/2} }=\frac{-2/3}{2/11} =3.667 (ignore \ the\ sign)\)
Since the price elasticity of demand is greater than 1 hence it is elastic
ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.
iii)
\(Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{120-80}{(120+80)/2} }{\frac{400-500}{(400+500)/2} }=\frac{0.4}{-2/9} =1.8 (ignore \ the\ sign)\)
Since the price elasticity of demand is greater than 1 hence it is elastic
How does an increase in the price of laptop memory chips affect the market of laptops?
a. The supply curve for laptops shifts to the right
b. The demand curve for laptops shifts to the right
c. The demand curve for laptops shifts to the left
d. The supply curve for laptops shifts to the left
If the laptop supply curve shifts to the left, an increase in memory chip prices will have an impact on the market for laptops.
The relationship between product price and the amount of product a market seller is willing and able to supply is graphically represented by the supply curve in economics. The graph's vertical axis represents product price, and its horizontal axis represents the amount of the product supplied.
Since product price and quantity supplied are directly related, the supply curve is typically depicted as a slope rising upward from left to right. This marketrelationship depends on a number of ceteris paribus (other things being equal) conditions holding true. The number of sellers on the market, the supply curve level of technology, the cost of production, and the seller's price are a few examples of such factors.
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the graph at right shows the situation after the u.s. removes a tariff on imports of canned tuna.
A. C.
B. A+B+C+D.
C. A.
D. B+C+D.
Which area shows the loss in producer surplus?
A. B+C+D.
B. A+B.
C. A.
D. A+B+C+D.
Which area shows the loss in government tariff revenue?
A. A.
B. C.
C. A+B+C+D.
D. B+C+D.
Which areas show the reduction in deadweight loss?
A. B+C+D.
The graph that shows the situation when the U.S. removes a tariff on imports of canned tuna shows that the gain in consumer surplus is B. A+B+C+D.
The area which shows the loss of producer surplus is C. A.
The area which shows the loss in government tariff revenue is B. C.
The area showing a reduction in deadweight loss is B+D.
What happens when a tariffs are lifted ?When a tariff is lifted, the price of the good or service usually decreases, which increases consumer surplus. Consumers are able to purchase the same goods and services for a lower price, which results in a larger consumer surplus.
The price of the good or service usually decreases, which decreases producer surplus. Producers receive a lower price for the same goods and services, which results in a smaller producer surplus.
The government no longer receives revenue from that tax. Therefore, government revenue decreases when a tariff is lifted. The market becomes more efficient as the price of the good or service decreases, this leads to a decrease in deadweight loss.
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The treasurer for Pittsburgh Iron Works wishes to use financial futures to hedge her interest rate exposure. She will sell five Treasury futures contracts at $185,000 per contract. It is July and the contracts must be closed out in December of this year. Long-term interest rates are currently 16.30 percent. If they increase to 18.50 percent, assume the value of the contracts will go down by 15 percent. Also, if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $165,000. This expense, of course, will be separate from the futures contracts.
Required:
a. What will be the profit or loss on the futures contract if interest rates increase to 10.50 percent by December when the contract is closed out?
b. After considering the hedging, what is the net cost to the firm of the increased interest expense of $139,000?
c. What percent of this $139,000 cost did the treasurer effectively hedge away?
Answer:
Explanation:
185000x 1-0.15
= 185000 x 0.85
= 157250
gain = 185000-157250
= 27750
number of contracts = 5
5 x 27750
= 138750
other commitments = 16500
165000 - 138750
= 26250
this is the net cost
percentage hedged away:
138750/165000
= 0.841
= 84.1%
c. loss. there would be a loss on future contract sincelower interest would bring about greater bond prics and the purchase price would be more than the initial sales price.
In Chapters 1 and 2 you have been learning about the accounting equation, debits/credits, and account normal balances. The accounting equation is the foundation of accounting. Understanding debits/credits and the account normal balances are just as important. Sometimes, these concepts are difficult to understand and/or remember. Please research the Internet to find fun and easy ways to remember this information. It could be a song, a mnemonic, phrase, video, etc. I need the answer and cititation for the answer
The best phrase to remember in the accounting equation is to debit all assets, expenses, and losses, and to credit all liabilities, equity, gains, and incomes.
What is the accounting equation?The accounting equation shows that assets are equal to liabilities and equity, given each business transaction.
The implication of the above definition is that when a transaction occurs, which may give rise to expenses, losses, gains, and incomes, the assets and liabilities and equity equation remains in balance.
For instance, when a company incurs an expense for cash, the assets (cash) side is reduced by the amount. Similarly, the equity side is also reduced by the same amount.
Thus, the best phrase to remember in the accounting equation is to debit all assets, expenses, and losses, and to credit all liabilities, equity, gains, and incomes.
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HELP ASAP
Bank auditing is mainly done to
(Select all that apply.) Multiple choice
A. Curb money laundering
B. Insure deposits for all customers
C. Stop international finance crimes
D. Prohibit electronic trading arbitrage
Rajiv has a liability on his car. How is this BEST demonstrated?
You Answered
He has insurance in case of an accident.
He owns his car with no debts.
Correct Answer
He owes $15,000 on his car.
He is trying to sell his car.
CORRECT ANSWER: he owest $15,000 on his car.
Rajiv's liability on his car is best demonstrated by stating that he owes $15,000 on his car and that he is trying to sell it to pay off his debt.
When we talk about liabilities, we are referring to the amount of money that a person owes to another person or an institution. In the case of Rajiv, the fact that he has a liability on his car means that he owes money to someone or an institution for his car. In this context, it is best demonstrated by stating that Rajiv owes $15,000 on his car. This means that he has taken a loan from someone or an institution to purchase the car and he is yet to pay back the amount he borrowed. Another indication that Rajiv has a liability on his car is the fact that he is trying to sell it.
Selling the car would allow Rajiv to raise the money he needs to pay back his loan and become debt-free. This means that the sale of the car would go towards paying off the liability he owes on his car. While having insurance in case of an accident is a wise decision for any car owner, it does not necessarily demonstrate that Rajiv has a liability on his car. Insurance is a safety net that protects a car owner in case of an accident or damage to the car. However, it does not necessarily indicate that the car owner has a liability on their car.
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MORTON COMPANY TRANSFER PRICING
The Cycle Division of Morton Company has the following per unit data related to its most recent cycle called Roadbuster.
Cycle Division -Morton Bodyframe Division
Selling price $2.000 Selling price $360
Variable cost of goods sold $1.200 Variable cost $250
Body frame 300
Other variable costs 900 Contribution margin
Contribution margin $800
Presently, the Cycle Division buys its body frames from an outside supplier. However Morton has another division, BodyFrame, that makes body frames for other cycle companies.
The Cycle Division believes that BodyFrame’s product is suitable for its new Road- buster cycle. Presently, BodyFrame sells its frames for $360 per frame.
The variable cost for BodyFrame is $250. The Cycle Division is willing to pay $280 to purchase the frames from BodyFrame.
(A) Assume that BodyFrame does not have excess capacity and therefore would lose sales if the frames were sold to the Cycle Division. If the Cycle Division buys 1,000 frames from BodyFrame, determine the following: (1) effect on the income of the Cycle Division; (2) effect on the income of BodyFrame; and (3) effect on the income of Morton.
the effect on the income of Cycle Division is $650,000 increase, the effect on the income of BodyFrame is $80,000 decrease, and the effect on the income of Morton is $570,000 increase.
The effect on the income of Cycle Division, BodyFrame, and Morton can be determined by using the transfer pricing method. There are two types of transfer pricing methods, which are:
1. Market-based transfer pricing
2. Cost-based transfer pricingIn this case, the cost-based transfer pricing method will be used. The transfer price will be set as per the cost incurred by the seller and then the buyer will pay the transfer price for the product purchased.
(1) Effect on the income of Cycle Division:Calculation of contribution margin if the Cycle Division buys from BodyFrame:Selling price - Variable cost of goods sold
per unit= $2000 - $250 = $1750Contribution margin per unit = $1750 - $300 = $1450
Contribution margin if the Cycle Division buys 1,000 frames from BodyFrame = 1,000 × $1450 = $1,450,000
Contribution margin if the Cycle Division continues to buy from the outside supplier = 1000 × $800 = $800,000Effect on the income of Cycle Division = $1,450,000 - $800,000 = $650,000 (increase)
(2) Effect on the income of BodyFrame: The BodyFrame division will sell 1000 frames to the Cycle Division. The selling price of the frames to the Cycle Division is $280 per frame.
Variable cost of the frames sold to the Cycle Division = $250 per frame. Contribution margin per frame = Selling price - Variable cost per unit= $280 - $250 = $30Contribution margin if the BodyFrame division sells 1000 frames to the
Cycle Division = 1000 × $30 = $30,000.Contribution margin if BodyFrame sells the 1000 frames to external customers = 1000 × ($360 - $250) = $110,000Effect on the income of BodyFrame = $30,000 - $110,000 = -$80,000 (Decrease)(3) Effect on the income of Morton:The effect on the income of Morton is the sum of the effect on the income of Cycle Division and the effect on the income of BodyFrame.
Effect on the income of Morton = $650,000 + (-$80,000) = $570,000 (increase)Thus, the effect on the income of Cycle Division is $650,000 increase, the effect on the income of BodyFrame is $80,000 decrease, and the effect on the income of Morton is $570,000 increase.
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Given the following hypotheses:
H0: μ = 470
H1: μ ≠ 470
A random sample of 13 observations is selected from a normal population. The sample mean was 475 and the sample standard deviation 9. Using the 0.05 significance level:
a. State the decision rule. (Negative amount should be indicated by a minus sign. Round your answers to 3 decimal places.)
b. Compute the value of the test statistic. (Round your answer to 3 decimal places.)
The decision rule that has been established in the question is reject H0 if t < - 2.179 or t > 2.179
The test statistic is 2.0058
Decision ruleGiven a level of significance of 0.05
degree of freedom = 13 - 1 = 12
the t critical value is ±2.179
if
t < 2.179: fail to reject the null hypothesis.
t > 2.821: Reject the null hypothesis.
How to solve for the test statisticWe have to solve for the test statistic using the values that we have here
we have the following values
sample mean = 475
the standard deviation = 9
mu = 470
The formula for the test statistic is
\(t = \frac{x-u}{s/\sqrt{n} }\)
475 - 470 / 9 / √13
= 5 / 2.493
= 2.0056
In summary,
The degree of freedom df = 13 -1 = 12
t 0.025, 12. This test is a two tailed test
= ±2.179
a. The decision rule would be reject the null hypothesis if t < - 2.179 or t > 2.179
b. The value of the test statistic is given as 2.006
The test statistic that we have here c an be seen to fall between the two critical regions that we have in the question. The decision that we have to take would be for us to fail to reject the null hypothesis.
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the african economic community (AEC) is an organization of african union states establishing a single market, a central bank and common currency. what type of arrangement does this BEST represent
Explanation:
The aim of the AEC is to promote economic, social and cultural development as well as African economic integration in order to increase self-sufficiency and endogenous development and to create a framework for development, mobilisation of human resources and material.
Which quality management concept must be well-defined at the beginning of the project to help avoid rework and schedule delays?
The quality management concept which must be well-defined at the beginning of the project to help avoid rework and schedule delays is requirements.
Requirements managementRequirements management and quality management go hand in hand. Clear, well-defined requirements lead to less rework and schedule delays.In conclusion, we can conclude that the correct answer is requirements management.
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what are the two components of a universal policy?
Answer:
Hey mate.....
Explanation:
This is ur answer.....
Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.
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The cost of insurance amount and the savings component amount you must pay to keep your policy active. This amount varies based on your age,health, and insured risk amount.
You have been hired as an executive for a struggling movie studio. Profits are diminishing, Internet technology has changed the film distribution model, and the studio's promising sequel projects have all under performed. Together, what do these developments represent in Kotter's 8-Stage Model?
A.They make up a new strategic vision
B. They make up an urgent need for change
C. They make up a group of short-term goals
D. They make up a change in organizational culture
B. They make up an urgent need for change. The developments mentioned in the given scenario represent an urgent need for change in Kotter's 8-Stage Model.
What is Kotter's 8-Stage Model? Kotter's 8-Stage Model is an organizational change management model that assists organizations in navigating the complexities of organizational transformation. Kotter's 8-Stage Model is a method for managing change in an organization in a structured and strategic manner. The Eight-Stage Model of Kotter involves the following stages:
Establishing a sense of urgency Creating a guiding coalition Developing a vision and the change vision Empowering others to act on the vision Creating short-term wins Consolidating gains and producing more change Anchoring new approaches in the organization Explanation: The given developments represent an urgent need for change in Kotter's 8-Stage Model.
These developments include profits are diminishing, internet technology has changed the film distribution model, and the studio's promising sequel projects have all underperformed. These developments represent the first stage of Kotter's 8-Stage Model, i.e., establishing a sense of urgency.
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