Answer:
B
Explanation:
The correct statistical method to estimate the difference in exercise frequency between men and women based on the survey responses is to use a two-sample t-test.
To understand why a two-sample t-test is appropriate, let's consider the nature of the data and the goal of the analysis:
1. Nature of the Data : The survey data consists of responses from people about the percentage of days they get more than 30 minutes of vigorous exercise. This is quantitative data that can be treated as continuous, assuming the percentages are not restricted to a small set of values (e.g., people can report any percentage within a range).
2. Independence of Samples : The data is collected from two independent groups (men and women), which means the responses from one group do not influence the responses from the other group.
3. Comparing Means : The goal is to compare the average exercise frequency between the two groups. The two-sample t-test is specifically designed to compare the means of two independent groups.
4. Assumptions of t-test : The two-sample t-test assumes that the data from both groups are approximately normally distributed or that the sample sizes are large enough for the Central Limit Theorem to apply. It also assumes that the variances of the two groups are equal (homogeneity of variance). If the variances are not equal, a modified version of the t-test, such as Welch's t-test, can be used.
5. Robustness : The t-test is robust to small deviations from its assumptions, making it a reliable choice for many practical situations.
6. Alternatives : If the data is not normally distributed and the sample size is small, non-parametric methods like the Mann-Whitney U test could be considered. However, for the initial analysis, the two-sample t-test is a standard approach.
In summary, the two-sample t-test is the most appropriate statistical method for estimating the difference in exercise frequency between men and women because it is designed to compare the means of two independent groups, and it is robust to deviations from its assumptions. If the assumptions are not met, alternative methods can be considered.
True or failed sales taxes are the same no mattter where you live
Answer:
false
Explanation:
Polly agrees to buy quinn’s cycle world store business on the express condition that ridgeline credit union approves the financing. This approval is
Answer:
a condition precedent.
Explanation:
Condition precendents are events which must be fulfilled by parties to an agreement or a contract before it can be said to be in effect.
For a registered firm who is willing to obtain loan for instance , must present the firm's registration certificate with the regulatory body, statement of its audited finance, credit history report, Know your customer(KYC), particulars of the directors, collaterals etc.
Lending companies like banks would normally apply condition precedent as a means of protecting depositors fund to be lent out. The condition precedent would give the lending institution the comfort that the borrower is operating a legal and approved business and that the repayment will be made appropriately.
Also, condition precedent would empower the lending company to be able to appoint a receiver because it has legal documents, who will sell off the borrower's asset to repay the loan in case the firm is not able to pay back the loan or in case of bankruptcy.
The management of an organization follows a projectized organizational structure. Which is an advantage of this structure?
A.
Clear line of authority lies with the functional manager of each division.
B.
Team members develop strong project loyalty and commitment with one reporting manager.
C.
Project managers can manage resources better with separate divisions.
D.
Team members have good communication within the team.
E.
Team members of each division have expertise and knowledge of their domain.
Answer:
The answer B
Explanation:
In a projectorized organizational structure the project manager has full authority. one advantage of a POS is that team members develop strong project loyalty and commitment with one reporting manager.
Sorry but the girl was wrong
In a projectized organizational structure, the main advantage is the development of strong project loyalty and commitment among team members. This is because there is a clear line of authority, streamlined decision-making, superior communication, and project-specific focus.
Explanation:In a projectized organizational structure, teams are organized around projects they are working on. One key advantage of this structure is option B, 'Team members develop strong project loyalty and commitment with one reporting manager.' In this structure, each project has a dedicated team and a single project manager, which allows for a clear line of authority, streamlined decision-making, and superior communication.
This enhances team commitment and loyalty to the project as there is clarity in roles and responsibilities. Teams become more focused and can align their efforts towards project-specific goals. Project loyalty is created, which fosters engagement and morale, ultimately driving the success of the project.
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The manager of a regional warehouse must decide on the number of loading docks to request for a new facility in order to minimize the sum of dock costs and driver-truck costs. the manager has learned that each driver-truck combination represents a cost of $300 per day and that each dock plus loading crew represents a cost of $100 per day. how many docks should be requested if trucks arrive at the rate of three per day on average and each dock can handle five trucks per day on average. arrival of trucks follows a poisson distribution and loading time follows exponential distribution. (hint: in this problem, the average service rate, μ, is directly given to you)
Answer:
Only 1 dock is required since its overall cost is lower than having two docks
Explanation:
Solution
Given that:
let us consider the data given for the warehouse:
the cost per day/driver truck = $300
Cost per day/Dock plus loading crew = $100
Arrival rate λ = 3 per day
Service rate μ = 5 per day
Now,
we compute the utilization of the ware house
Utilization =λ/μ
= 3/5
ρ = 0.6
Only 1 dock is required since its overall cost is lower than having two docks
Given that having only one dock costs less overall than having two,
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
Due to this:
Let's look at the information provided for the warehouse:
the day rate for a driver's truck is $300.
Dock with loading personnel costs $100 per day.
The daily arrival rate is three.
daily service rate = 5
Now,
We estimate the warehouse's utilization.
Application =/
= 3/5
ρ = 0.6
Given that having only one dock costs less overall than having two,
Therefore, one dock costs less overall than two,
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Sound Design sells its computer speakers for $135 per set. Its variable cost is $85 per set of speakers. Fixed costs are $85,000 per month for volumes up to 2600 sets of speakers. Above 2600 sets, monthly fixed costs are $126,000. What is the budgeted operating income (loss) at a sales level of 2200 sets of speakers per month?
Answer:
$25,000
Explanation:
The formula to calculate operating income/(loss) is ;
Operating income/(loss)=Number of units x (sales price - variable cost) - fixed cost
Since the information below are given;
Number of sets/units= 2,200
Sales price= $135
Variable cost= $85
Fixed cost is $85,000 at a level of 2,200units.
Note: We will ignore the monthly fixed cost of $126,00 at 2,600 sets because it is greater than fixed cost of $85,000 at a level of 2,200 sets .
Therefore;
Operating income/(loss) =Number of units x (Sales price - Variable cost)
- Fixed cost
=2,200 x ($135 - $85) - $85,000
= $110,000 - $85,000
=$25,000
Therefore, the budgeted operating income/(loss) at a sales level of 2,200 sets is $25,000.
Don is a high-ranking manager in an advertising firm. He was recently offered a job with higher pay and more lucrative benefits by a rival firm. On coming to know about this, Don's employers decided to make him a(n) ________ matching the offer from their rival firm.
Answer:
Counteroffer
Explanation:
A counteroffer can simply be defined as an offer made in response to another offer.
From the question, Don gets a lucrative offer from a rival advertising firm for his services but his present company proposes the same offer to keep Don from going to a rival company. The offer proposed by his present company is called a counteroffer.
8. If your PPE doesn't fit properly or needs repalr, you should continue to wear it until your employer gets around to
buying new PPE.
A) O True
B)
False
The answer is False Option(b) is correct.
What is PPE?Personal protective equipment (PPE) is protective clothing, caps, goggles, or different articles of clothing or equipment intended to shield the wearer's body from injury or contamination.
The perils tended to by protective equipment incorporate physical, electrical, heat, synthetics, biohazards, and airborne particulate matter. Protective equipment might be worn for work related word related security and wellbeing purposes, as well concerning sports and other sporting exercises. Protective attire is applied to customary classifications of dress, and protective stuff applies to things like cushions, monitors, safeguards, or covers, and others. PPE suits can be comparative in appearance to a cleanroom suit.
The reason for personal protective equipment is to lessen representative openness to perils while designing controls and authoritative controls are not plausible or compelling to decrease these dangers to adequate levels. PPE is required when there are risks present. PPE has the serious restriction that it doesn't dispose of the peril at the source and may bring about representatives being presented to the risk assuming the equipment falls flat.
Therefore Option(b) is correct.
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What is the difference between the law of supply and the law of demand
Answer:
The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.
Explanation:
Final answer:
The law of supply describes a direct relationship between price and the quantity supplied, leading to an upward-sloping supply curve. The law of demand describes an inverse relationship between price and the quantity demanded, represented by a downward-sloping demand curve. Understanding these laws is crucial for explaining market dynamics and price determination.
Explanation:
The law of demand and the law of supply are two fundamental principles that explain how prices fluctuate in a market economy. The law of demand states that, ceteris paribus (all other factors being equal), as the price of a good or service increases, the quantity demanded by consumers will decrease. Conversely, when the price decreases, the quantity demanded will increase. This inverse relationship between price and quantity demanded is depicted in a downward-sloping demand curve.
On the other hand, the law of supply describes a direct relationship between price and quantity supplied: as the price of a good or service increases, so does the quantity supplied by producers. This is because higher prices can translate to greater profit margins for producers, incentivizing them to produce more. This relationship is shown in an upward-sloping supply curve.
While the law of demand focuses on consumer behavior, the law of supply is based on producer behavior. Businesses respond to changes in prices by adjusting the quantity supplied according to the law of supply. Economic equilibrium is reached when the quantity supplied equals the quantity demanded at a certain price level. Understanding these laws helps to explain market dynamics and how prices are determined in the real world.
Marta is a great manager and has a number of special skills. In particular, Marta has the ability to get his subordinates to do more than they would normally do, despite obstacles and personal sacrifice. Which kind of leader is Marta?
Complete/Correct Question:
Marta is a great manager and has a number of special skills. In particular, Marta has the ability to get his subordinates to do more than they would normally do, despite obstacles and personal sacrifice. Which kind of leader is Marta?
a. people-oriented
b. charismatic
c. supportive
d. transactional
e. production-oriented
Answer:
B, Charismatic.
Explanation:
A charismatic leader is one that encourages or motivates his/her followers to get things accomplished or change the way things are accomplished.
This kind of leaders use communication, force of personality and/or persuasion to get their followers to accomplish goals or targets.
In the case of Marta, her style of leadership is charismatic because she uses her special skill (which could include communication, persuasion, etc) to get her subordinates to do things that they would normally not do and even make them do more than they would normally do.
Cheers.
If TeleCo were to enter into a strategic alliance with a partner that promised it could deliver a high quality wireless infrastructure when in fact the potential partner had neither the skills nor abilities to provide this infrastructure, TeleCo could be said to be impacted by _____________.
A. adverse selection
B. tacit collusion
C. moral hazard and tacit collusion
D. moral hazard
E. adverse selection and tacit collusion
Answer:
A, adverse selection
Explanation:
In the above question, selecting a company without the right skill and know how to supply the wireless cables and/or even install the cables has impacted the Teleco negatively.
Cheers.
According to Victor Vroom, which of the following is not considered a factor that influences motivation?
A,
independence
B.
instrumentality
C.
expectancy
D.
valence
Answer:
A, independence
Explanation:
Motivation can be defined as the stimulation of individuals to achieve a certain goal.
It can also be said to be the a force that drives the wants, needs, etc of an individual. Motivation have various influencing factors as well as several modes.
Factors that influences motivation include; valence, instrumentality, expectancy, etc.
Modes of motivation include; intrinsic, extrinsic, introjected and identified motivation.
From the above question, independence isn't a factor that influences motivation. This is because independence, according to the dictionary, can be said to be a state of freedom from something.
Freedom does not motivate a person to achieve anything as there will be no pressure or driving force or even an individual to encourage. This makes goals impossible to difficult to achieve.
Cheers.
Answer:
a
Explanation:
edge 2020
You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did you transfer?
Answer:
$454.50
Explanation:
18% X $2525 = $454.5
The amount of $454.5 is transferred to a savings account.
What is a checking account and saving account?A checking account is used for accessing money on a daily basis which has less interest rate or no interest, at all while a saving account is used to save money in the bank, it has more interest rate.
Given:
Checking account balance=$2,525
Moving 18% of a checking account to a saving account
=Checking balance X 18%
=$2,525 X 18%
=$454.5
Therefore, it can be said that $454.5 is transferred to a savings account.
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Barat owns a large chain of Indian markets. A significant part of his job is determining the amount of income left after taxes and whether the company will retain this income or pay it out in dividends to its stockholders. The income in this scenario is ________ income.
Answer:
Net Income.
Explanation:
Net income is also known as Net Earnings or Net Profit. It is the total amount a person receives after the deduction of taxes or other expenses. Net Income is calculated by subtracting expenses such as taxes, investment incomes, etc.
Net Income is also known as 'Bottom Line' income as it is written at the bottom after subtracting all the expenses, taxes, etc from the total income.
In the given case, Barat's income is net income as the income he received is given by deducting the dividend and taxes. Thus the correct answer is net income.
When Cynthia's Boutique receives dresses, they already have price tags and are on hangers. Cynthia's Boutique receives ________ merchandise.
a. floor-ready
b. horizontal channel
c. just-in-time
d. repurposed
e. quick response
Answer:
a. Floor- ready
Explanation:
For some retail stores who are into selling of dresses, most of these dresses have already been pre-tagged and pre-ticketed with the necessary information like putting certain mark on them, to specify the price, colour, type etc before being delivered to these stores.
In floor ready merchandize, the products have already been prepared such that the retailer do not have to prepare anyother thing other than to display them for sale. Here, burden of having to put the price tag , ticket number is eased off the retailer.
The aim is to display the dress in the store the way it should be which ultimately leads to real time feeling and customer experience.
______ refers to the sum of all the aspects of a compensation package (base pay, incentives, benefits, perks, and so forth) that signal to current and future employees that they are receiving more than just base pay in exchange for their work.
Answer:
Total rewards
Explanation:
Employees often receive reward for the work done by them in an organization. The reward is usually a lump sum, but when broken down, it comprises base pay, incentives,perks.etc
This type of reward is often used to attract, motivate and retain an employee by the employer.
Total rewards is important to employees because it shows the additional payments made in addition to their base salary and also an important tool used by a company to relay their investment value.
Christine used $5,000 from her personal savings account to buy pottery tools for her business. The savings account paid 1% annual interest. Christine could earn $6,000 per year as a tax preparer. What is the annual accounting profit of her cookie jar business?
Complete question:
Christine is an artist who creates custom cookie jars. Her annual revenue from selling the cookie jars is $90,000. The annual explicit costs of the materials used to make the cookie jars are $54,000.
Christine used $5,000 from her personal savings account to buy pottery tools for her business. The savings account paid 1% annual interest. Christine could earn $6,000 per year as a tax preparer. What is the annual accounting profit of her cookie jar business?
Answer: $36,000
Explanation:
Amount from personal saving balance = $5000
Annual interest rate on saving = 1%
Annual revenue fro selling cookie jar = $90,000
Explicit cost of cookie jar materials = $54,000
Amount to be earned as a tax preparer = $6000
Accounting profit = Total revenue - Explicit cost
Accounting profit = $90,000 - $54,000
Accounting profit = $36,000
Final answer:
Christine's annual accounting profit from her custom cookie jar business, after deducting explicit costs from her total revenue, is $36,000. Implicit costs like lost interest and potential earnings elsewhere are not considered in this calculation.
Explanation:
To calculate Christine's annual accounting profit from her custom cookie jar business, we need to consider her annual revenue and explicit costs. Christine's annual revenue from selling the cookie jars is $90,000, and her explicit costs for materials are $54,000. The interest lost from her personal savings used to buy pottery tools ($5,000 at 1% annual interest) and her potential earnings as a tax preparer ($6,000) are considered implicit costs and are not factored into the calculation of accounting profit, which only considers explicit costs. Therefore, her accounting profit is calculated by subtracting the explicit costs from her total revenue:
Accounting Profit = Total Revenue - Explicit Costs
Accounting Profit = $90,000 - $54,000 = $36,000.
Which is a tax-free savings account that can only used for educational expenses?
A) Merit-based scholarships
B) Needs-based grants
C) Federal grants
D) A 529 plan
Answer:
D) A 529 plan
Explanation:
A 529 plan is a tax-free savings account that can only be used for educational expenses.
It is authorized by Section 529 of the Internal Revenue Code and mainly sponsored by the states to encourage savings for future educational costs.
Final answer:
A 529 plan is a tax-free savings account that is specifically designed for future education expenses and is sponsored by states, state agencies, or institutions.
Explanation:
The tax-free savings account that can only be used for educational expenses is D) A 529 plan. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. These plans, legally known as "qualified tuition plans," are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. The funds in a 529 plan can be used for a variety of education expenses, including tuition, room and board, and textbooks at any accredited college or university, which includes most public and private higher-education institutions in the United States.
Which is a positive reason for using a credit card to finance purchases?
A) You won't have to budget for your credit card expenses
B) Paying it off on time can help build your credit history
C) You'll be able to spend a lot of money without paying it back
D) You will get charged high interest
The positive reason for using a credit card to finance purchases is that B) Paying it off on time can help build your credit history.
What is credit card?A credit card serves as a thin rectangular piece of plastic or metal which is been given to users by bank or financial services company.
This card allows cardholders to borrow funds and help to build your credit history.
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The best reason for using a credit card is that timely repayments help build a solid credit history. Every on-time payment gets reported to credit bureaus, enhancing your credit score, provided the use of the card is done responsibly. Option B is correct.
Explanation:The positive reason for using a credit card to finance purchases is option B) 'Paying it off on time can help build your credit history.' Proper use of a credit card is a powerful tool for building a solid credit history. Every on-time payment you make can be reported to the credit bureaus, showing a pattern of positive borrowing habits, which, in turn, significantly contributes to boosting your credit score. However, it is essential to remember that the key word here is ‘on-time’.
It's important to note that misusing a credit card, such as not budgeting for your expenses, spending more than you can afford to repay, or paying high amounts of interest, can harm your credit history and financial wellbeing.
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The Ohio State studies narrowed the independent dimensions of leader behavior to two that substantially accounted for most of the leadership behavior described by employees: consideration and ________.
A. initiating structure
B. charisma
C. production orientation
D. employee orientation
E. confidence
Answer: A.) Initiating structure
Explanation: Independent leadership behavior described by employees according to the Ohio state studies narrowed down a leader's behavior to :
CONSIDERATION and INITIATING STRUCTURE
INITIATING STRUCTURE may be described as a leaders ability to effe tively and clearly define roles, duties and task of a group, clearly stating what is expected of both the followers and the leader while also providing adequate guideline for implementing and initiating the required task or allocated duties. Ensuring that that allocated schedules are met and allocated task meeet required standard.
Closing entries are journalized and posted ________. A) throughout the accounting period B) before posting the adjusting entries C) after preparing the post-closing trial balance D) after preparing the financial statements
Closing entries are journalized and posted after preparing the financial statements. (Option C)
When are the closing entries made?These entries are made at the end of the accounting period, typically at the end of the fiscal year, to close temporary accounts and transfer their balances to the retained earnings or owner's equity account.
The purpose of closing entries is to reset the temporary accounts, such as revenue and expense accounts, to zero in preparation for the next accounting period.
After closing entries are made, the post-closing trial balance can be prepared to ensure that the books are in balance.
Thus the right answer is Option C.
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Closing entries are journalized and posted after preparing the financial statements . So, option D is correct.
Closing entries are journalized and posted after preparing the financial statements. This process ensures that the accounts reflect the end of an accounting period. The purpose of closing entries is to transfer the balances of temporary accounts (like revenues, expenses, and dividends or withdrawals) to permanent accounts (like Retained Earnings). This resets the temporary accounts to zero, preparing them for the next accounting period. The sequence of steps in the accounting cycle includes posting closing entries after the financial statements have been prepared but before the post-closing trial balance, which serves to verify that the accounts are in balance and ready for the new accounting period.
The VP of Sales is using Collaborative Forecasting to track sales rep quote attainment. The VP wants to be notified when sales reps move the Opportunity Stage backward In the sales process. Multiple Books Which feature should the System Administrator use?
Answer:
Workflow rule
Explanation:
Workflow rules in Salesforce is a strategic program used to automate standard internal procedures and processes in a business when series of conditions are established, in order to save time and ensure better scaling up.
Workflow rules can be executed by using the if/then statement in programming.
Hence, the System Administrator should use the workflow rule so as to notify the VP when sales reps move the Opportunity Stage backward In the sales process.
Final answer:
To alert the VP when an Opportunity Stage is moved backward by a sales rep, the System Administrator can use workflow rules or other process automation tools in Salesforce. These enable automated notifications to stakeholders when specified sales process criteria are met.
Explanation:
The issue at hand involves tracking sales performance and ensuring that key stakeholders, such as the Vice President (VP) of Sales, are alerted when changes in sales activities occur. To notify the VP when a sales rep moves an Opportunity Stage backward in the sales process within the Salesforce platform, a System Administrator could utilize workflow rules or process automation tools such as Process Builder or Flows.
These tools allow the creation of automated alerts based on specific triggers, such as the regression of an opportunity stage. The administrator can set up an email alert or a task for the VP or the team whenever the defined criteria within the sales process are met, ensuring that the VP is promptly informed of any changes to forecasted sales.
Team collaboration, as suggested by the collaborative forecasting method, leverages the skills of both salespeople and forecasters. This method brings together the intimate customer knowledge of the sales team with the analytic capabilities of forecasters to create reliable and accurate sales forecasts.
Which of the following statements is TRUE?
------------------------------------------------------------------
A. Mutual funds trade directly on stock exchanges while exchange-traded funds are purchased from a financial broker.
B. Mutual funds are actively managed while index funds are passively managed.
C. Index funds track major market indexes while exchange-traded funds do not.
D. Mutual funds invest exclusively in stocks while index funds do not.
Answer:
B. Mutual funds are actively managed while index funds are passively managed.
Explanation:
Mutual funds are defined as funds that are invested by a person who has limited funds in order to gain a market return on their shares. Mutual funds are actively managed investments. Mutual funds are invested within a short period of time. Examples of mutual funds includes bonds, shares, treasury bills e.t.c
For mutual funds, you don't need to have a large amount of knowledge to do it. Mutual funds are also called or known as open ended funds. They are sold publicly.
Exchange-traded funds are also known as index funds. They are passively managed investment funds that can be invested by a person for a long period of time. They are also referred to as closed ended funds that can be traded on the stock exchange market like normal stocks and shares.
A(n) ____ is the transfer of the control of operations and management from one firm to another with the former becoming a unit of the latter, while a(n) ____ is the combination of operations and management of two firms to establish a new legal entity.
Answer:
acquisition
Merger
Explanation:
Acquisition is when a company purchases almost all the shares of another company in order to have full control over it. For companies that are distressed or are not able to operate as a going concern, such can put up the company for sale.
In acquisition, the buying company oftentimes retain its name which is already a brand , work and build on the strength of the old company in order to achieve returns. Companies acquire other companies in order to have large market shares and also to diversify their business operation.
One of the benefit of acquisition is that it gives room for fresh ideas due to coming together of different people and also brings people that are experts in their various fields.
Merger is when two or more firms comes together to form a single entity.
Companies or firm merge in order to form an alliance and also send strong signals to other competitors.
Firms also merge in order to increase their financial capacity. This will enable them to be able to finance their business operations. They are also able to increase their asset base as a result of the merger.
You have marked off your shop floor in a grid of 1 foot squares and labeled them with Cartesian coordinates. To perform one task, a worker must go from point (2,7) to point (4,5) then to point (10,6), then back to point (2,7). The worker walks in a straight line between points. How far does she have to walk? Round to the nearest whole number.
Answer:
C) 17 feet
Explanation:
The worker has to walk approximately 17 feet in total.
Explanation:The worker has to go from point (2,7) to point (4,5) then to point (10,6), then back to point (2,7). To find the straight-line distance, we can use the distance formula:
d = sqrt[(x2-x1)^2 + (y2-y1)^2]
Using the given coordinates, we can calculate the distance between each pair of points and sum them up:
d = sqrt[(4-2)^2 + (5-7)^2] + sqrt[(10-4)^2 + (6-5)^2] + sqrt[(2-10)^2 + (7-6)^2]
d = sqrt[2^2 + (-2)^2] + sqrt[6^2 + (1)^2] + sqrt[(-8)^2 + (-1)^2]
d = sqrt[4+4] + sqrt[36+1] + sqrt[64+1]
d = sqrt[8] + sqrt[37] + sqrt[65]
d ≈ 2.83 + 6.08 + 8.06 = 16.97
Rounding to the nearest whole number, the worker has to walk approximately 17 feet.
Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.
Answer:kindly check attached picture for details
Explanation:
Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.
Final answer:
The answer explains the allowance method for uncollectible receivables in accounting, including the creation and reversal of the allowance for doubtful accounts.
Explanation:
Allowance method for uncollectible receivables is used in accounting to estimate and account for potential losses from uncollectible accounts. In this method, a contra-account called allowance for doubtful accounts is created to offset accounts receivable, reflecting the estimated amount of uncollectible receivables.
For example, in the scenario provided, when the remainder of Jim Dobbs' receivable was written off, it was removed from accounts receivable and offset by the allowance for doubtful accounts, reflecting the recognition of a loss due to uncollectibility.
Eventually, when Jim Dobbs' account was reinstated and fully paid, the allowance for doubtful accounts would have been reversed, aligning the actual collection with the initial receivable amount.
Scenario:Juanita is a bilingual writer. She wants to start a business to offer translation services to other businesses that work in areas with a large Spanish-speaking population. She already has a computer and a good reputation in her own Spanish-speaking neighborhood, and she plans to work from home by herself.
Which type of business is best for Juanita to start?
a corporation, because she needs a large investment to get started
a sole proprietorship, because she will work alone from home
a franchise, because many others will want to start the same business
a cooperative, so that she and other translators can work together
ANSWER B
Answer:
A sole proprietorship, because she will work alone from home.
Explanation:
A sole proprietorship is the simplest forms of business, in this scenario a single person is operating his or her business all by himself/herself.
It means that the person is personally liable for any happening in the business and is liable for all the debts, if any.
In the question it is evident that Juanita already owns a computer and has a very good reputation for translation services, hence it would be the best for her from all the available options to choose to work as a sole proprietorship and work from home.
The advantages she will get by doing so will be:
1) She will be in full control of her work and will work according to her lifestyle.
2) No big or complex reporting requirements will be their for her, as in the case of big corporations.
3) She will have the minimal costs associated with this type of work since she doesn't have to invest anything, she already owns a working computer.
4) Lastly, she will have all the privacy to herself and work accordingly.
Hope this helps.
Goodluck.
On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a variety of tasks are completed by Friday. On Wednesday, when Outdoor is more than half done with the work, Neil says that he has changed his mind. These parties had
Available Options:
a. an expired contract when Neil said that he had changed his mind.
b. a bilateral contract when Neil said that he would pay for certain work.
c. a unilateral contract as soon as Outdoor began to perform.
d. no contract.
Answer:
Option C. A unilateral contract as soon as Outdoor began to perform.
Explanation:
In a unilateral contract, the acceptance of the contract is only based on the performing of the contract.
The term of the offer includes that the acceptance would be considered if the other party completes the contract which in this case, we can see that the Outdoor Inc has started performing the contract and by the end of Friday, would probably finish its task. If Neil breaches the contract here, then he would be liable to compensate Outdoor as the contract was unilateral.
If it costs $100000 to put on an event for four weeks (28 consecutive nights) how much revenue per night is needed to make $20000” profit during this period
Answer:
the answer would 4285.7142 per night
Answer:
a) $10,714
Explanation:
i have a quiz with this question on it
Going directly to a car dealer for a loan to keep things simple is a...
A) not great because car dealers don't offer loans.
B) not great because they typically offer higher interest rates.
C) great idea because they want you to get the car so it'll be the best offer.
D) great idea because you don't have to deal with another lender.
Answer:
c will be the answer if not try A
Final answer:
Getting a car loan from a dealer might not be the best choice due to typically higher interest rates; it's usually better to compare options such as credit unions or manufacturer promotions. Credit unions offer lower fees and better rates on loans, whereas dealers may provide convenience but at a cost.
Explanation:
Going directly to a car dealer for a loan is typically not great because they often offer higher interest rates compared to other financing options such as credit unions. Credit unions — not-for-profit institutions — can offer lower fees and better interest rates on loans, which is generally advantageous for car purchases. It's important to consider different financing options since interest rates can significantly affect the total cost of owning a car. While dealers may offer convenience, the interest rates may be less competitive compared to credit unions or banks. Also, manufacturer financing may sometimes offer low rates to promote certain vehicle models, so asking the dealer for a quote could still be beneficial.
Which factors can help you to judge the credibility of a website? Check all that apply
.
author
popularity
purpose
suffix
image quality
length
copyright
date
Answer:
Author,purpose,suffix,copyright, date
Explanation:
Answer:
A,C,D,G and Hor1,3,4,7, and 8orauthor, purpose, suffix, copyright, and dateExplanation:
I hope you understand....wheewh....aaand if you don't....i have proof.