The total similar units of production for conversion are:
[tex]103,000+19,000 = 122,000[/tex]
The equivalent units of production for the units completed and transferred out are simply the number of units completed and transferred out, which is 103,000.
To calculate the equivalent units of production for the ending work in process inventory, we need to multiply the number of units in ending work in process inventory by the percentage of completion for conversion.
The number of units in ending work in process inventory is 38,000, and the percentage of completion for conversion is 50%, so the equivalent units of production for the ending work in process inventory are:
[tex](38,000*50)/100 = 19000[/tex]
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Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The manager of the Century 21 office would like to advertise that homes listed with RE/MAX average more than 10 days on the market when compared to homes listed with his company. The following data shows the sample size and average number of days on the market
for the two companies along with the population standard deviations.
Sample mean
Sample size
Population standard deviation
Century 21
122 davs
36
32 davs
REMMAX
144 davs
30
35 davs If Population 1 is defined as RE/MAX and Population 2 is defined as Century 21, and using a =
0.10, the critical value for this hypothesis test would be
A) 1.28
B) 1.645
C) 1.96
D) 2.33
For this hypothesis test, the critical value would be 1.28.
Early types of hypothesis testing were utilised in the 1700s, while the practise gained popularity in the early 20th century. In order to analyze the human sex ratio at birth, Pierre-Simon Laplace (1770s) is credited with using the method initially, followed by John Arbuthnot (1710).
While Jerzy Neyman and Egon Pearson (the father of Karl Pearson) invented the hypothesis test, Ronald Fisher ("null hypothesis," "analysis of variance," "significance test"), William Sealy Gosset ("Student's t-distribution"), and Karl Pearson ("p-value," "Pearson's chi-squared test," and "significance test") are largely credited with the invention of modern significance testing.
Initially a Bayesian in statistics (Zabell 1992), Ronald Fisher soon became weary of the subjectivity involved and set out to create a more "objective" approach to inductive reasoning.
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Which 2 reports are among the top 20 memorized reports that convert from QuickBooks Desktop to QuickBooks Online?
The two reports that are among the top 20 memorized reports that convert from QuickBooks Desktop to QuickBooks Online are Profit and Loss and Balance Sheet reports.
The Profit and Loss report, also known as the Income Statement, shows the revenue and expenses of a business over a specified period. It helps in understanding the profitability of a business by highlighting the revenue earned, cost of goods sold, and expenses incurred. Business owners can use this report to identify areas where they can reduce expenses and increase revenue.
On the other hand, the Balance Sheet report shows the financial position of a business at a particular point in time. It presents a snapshot of the assets, liabilities, and equity of a business. It helps in understanding the liquidity of a business and its ability to meet its financial obligations. Investors use this report to evaluate the financial health of a business before making investment decisions.
In summary, the Profit and Loss and Balance Sheet reports are essential reports that every business owner needs to understand to make informed financial decisions. They provide valuable insights into the financial health of a business and help in identifying areas that require improvement.
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