Answer:
The range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].
Explanation:
The compete question is:
A new student is taking 2 hrs of typing instruction per week, will practice 5 hrs per week and must type 2.5 hours per week for work. If the standard error of the estimate is 4, within what range do we have a 95.45% probability that that student's typing speed will be in two months?
Solution:
The regression equation formed by the typing instructor to investigate what factors determine typing speed for students with two months of instruction is as follows:
[tex]Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}[/tex]
Here,
Y' = typing speed in words per minute
x₁ = hours of instruction per week
x₂ = hours of practice per week
x₃ = hours of typing per week necessary for school or work
Compute the value of Y' for the given values of x₁, x₂ and x₃ as follows:
[tex]Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}[/tex]
[tex]=11+(7\times 2)+(5\times 5)+(3\times 2.5)\\=11+14+25+7.5\\=57.5[/tex]
So, the typing speed of this student in words per minute is 57.5.
The range providing the (1 - α)% prediction interval for values of Y' is:
[tex]Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE][/tex]
Since the data selected is for 2 months the sample size is too large.
The critical value of t is 2.
Compute the range as follows:
[tex]Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE][/tex]
[tex]=[57.5\pm 2\times 4]\\\\=[57.5\pm 8]\\\\=[49.5, 65.5][/tex]
Thus, the range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].
Choose the correct statement. A. The cost of producing one more unit of a good or service is its marginal cost, which is the minimum price that producers must receive to induce them to offer to sell another unit of the good or service. B. The cost of producing one more unit of a good or service is the producer's marginal cost, and we measure marginal cost as the area above the supply curve and below the market price. C. The price of one more unit of a good or service is its marginal cost. D. The cost of producing one more unit of a good or service is equal to the market price.
Answer:
A. The cost of producing one more unit of a good or service is its marginal cost, which is the minimum price that producers must receive to induce them to offer to sell another unit of the good or service.
Explanation:
Marginal cost is the cost that incurred to produced additional units of output.
According to the given situation, the actual cost of generating one additional unit by the manufacturer is essentially zero. Suppose a supplier produces 10 units at a total price of 100 and he will have to invest more than 10 to produce the 11th unit which makes the total cost 110. And the manufacturer invested 10 extra directly to create the 11th device.
Therefore from the above explanation the correct answer is A.
A business plan for a new business does NOT need to include Multiple Choice any advantages relative to the competition. a discussion of the purpose of the business. a description of the company background. the names of the prospective lending companies.
Answer:
the names of the prospective lending companies.
Explanation:
A business plan can be defined as a written document that gives a detailed description or information about a business's (usually new) operational and financial objectives, strategies and how to achieve its goals.
The business plan usually provides the following informations;
1. Any advantages relative to the competition.
2. A discussion of the purpose of the business.
3. A description of the company background.
However, a business plan for a new business does not need to include the names of the prospective lending companies.
Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Answer with its Explanation:
The double entry to record the postage expenses of $140 and the printing expense of $54 is as under:
Dr Postage Expenses $140
Dr Printing Expenses $54
Cr Petty Cash Account $193
Cr Cash Over and Short Account $1
According to the summarized Report, the cash at hand is $7 which must be $6 ($200 - $194). This difference can adjusted in Cash Over and Short Account which is used to adjust minor differences in cash balance.
Kindly don't forget to rate my answer.
Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequently, the ending inventory on 12/31 was understated on the balance sheet. Explain how this error will effect the income statement. (Check all that apply.)
Answer:
If the ending inventory was understated, that means that the cost of goods sold will be overstated. If the cost of goods sold was overstated, then net profits were understated.
Explanation:
Imagine a company that sells shoes:
It bought 100 shoes at $100 each during the whole year and their ending inventory was 10 units. This means that cost of goods sold was (100 - 10) x $100 = $9,000. But someone discovered 5 pairs in some shelf that were not included in the ending inventory, then the real ending inventory was 15 units = $1,500 and not $1,000. That also means that the cost of goods sold was $8,500, not $9,000. Lower costs = higher profits.
Answer:
Explanation:
The current year's cost of goods will be too high
The current year's income will be too low
When going into a partnership, you should always:_________.
a. put all terms of the partnership into writing in a partnership agreement.
b. make sure that you have limited liability while you are in charge.
c. make sure all the profits are reinvested into the company.
Answer: A. put all terms of the partnership into writing in a partnership agreement.
Explanation:
The most important terms in a partnership agreement is ensuring that all terms are noted down and binded legally, this is to help partners know when need to do something and don't feel cheated or be cheated by someone or something. Avoidance of reaching out to terms noted down will further make things complex either when the business is growing or when there is need to shutdown or during operations.
Determining firm performance is a complex interaction of firm effects and industry effects, with other factors also considered. Based on historical analysis, what do we know about firm and industry effects
Answer and Explanation:
As per the historical analysis the explanation is shown below:-
a. Management decisions have a major role to play in firm results, rather than firm impact.
b. The influence of macro-environmental effects like recession is greater than that of either firm or industrial effects.
c. The firm effects have a greater impact on results than on the effects on industry.
d. The effects of the industry get more effect on results than firm effects.
The following expenditures were incurred by Wildhorse Co. in purchasing land: cash price $83,000, accrued taxes $4,900, attorneys’ fees $3,400, real estate broker’s commission $1,700, and clearing and grading $3,600. What is the cost of the land? Cost of the land $enter the cost of the land in dollars
Answer: $ 96,600
Explanation:
Given, The following expenditures were incurred by Wildhorse Co. in purchasing land:
Cash price $83,000
Accrued taxes $4,900
Attorneys’ fees $3,400
Real estate broker’s commission $1,700
Clearing and grading $3,600.
Then, the cost of the land = Cash price + Accrued taxes + Attorneys’ fees + Real estate broker’s commission + Clearing and grading
= $(83,000 + 4,900 + 3,400 + 1,700 + 3,600)
= $ 96,600
Hence, Cost of the land = $ 96,600
A company paid dividends of $15,000, generated total sales of $845,000, and incurred total expenses of $792,000 in the current year. If ending retained earnings is $165,000, what was beginning retained earnings?
Answer:
The beginning retained earnings will be "127,000".
Explanation:
The given values are:
Total sales,
= $845,000
Company paid,
= $15,000
Total expenses,
= $792,000
Retained earning,
= $165,000
Now,
⇒ [tex]Retained \ earning \ this \ year = Profits-Dividends[/tex]
⇒ [tex]=845,000-792,000 -$15,000[/tex]
⇒ [tex]=38,000[/tex]
and,
⇒ [tex]Beginning \ retained \ earnings = Ending \ RE-this \ year \ RE[/tex]
⇒ [tex]=165,000-38,000[/tex]
⇒ [tex]=127,000[/tex]
A buyer will receive a utilities bill for an estimated $400 at the end of the month. At closing, the seller has used an estimated $100 of the bill. What should appear on the closing statement?
Answer:
Dr Seller Account $100
Cr Buyer Account $100
Explanation:
The property sold on 15th of the month by Mr. A to Mr. B and the utility bill received later of this month would be split between Mr. A and Mr. B. The basis for the split of the utility bills would be the share that Mr. A utilized the facilities and in this scenario, it is $100. Hence the buyer Mr. B has receivable of $100 and the seller Mr. A has a liability payable of $100 amount.
Hence the buyer will debit the bill by $100 receivable and the Seller will debit the bill owed to buyer by $100.
A company wants to product a weighted moving average forecast for April with the weights 0.40, 0.35, and 0.25 assigned to March, February, and January, respectively. If the company had demands of 5,000 in January, 4,750 in February, and 5,200 in March, then April's forecast would be
Answer:
4,992.50
Explanation:
The computation of the April forecast is shown below:-
April forecast = ((Weight of March × Demand of march) + (Weight of Feb × demand of Feb) + (Weight of Jan × Demand of Jan)] ÷ Total of weights
= (0.40 × 5,200 + 0.35 × 4,750 + 0.25 × 5,000)
= 4,992.50
Hence, the correct answer is 4,992.50 and we have applied the above formula.
Jamie is a 47-year-old accountant who has worked for a large software firm for more than 25 years. His performance during this time has been exceptional, and he is highly regarded by his peers. Despite this, he is notified that he is being laid off as the management wants to replace him with a younger employee. In this scenario, the management of Jamie's firm is violating _____.
Answer:
Title VII of the Civil Rights Act of 1964.
Explanation:
Jamie's firm in the given scenario is violating 'Title VII of the Civil Rights Act of 1964.' According to this law, any organization is prohibited to discriminate against its employees on the basis of age, race, religion, etc. The employer can not recruit someone favorably and treat an employee differently. Since his organization is intentionally discriminating against him despite his exceptional performance and contribution to the progress of the firm, thus, it is violating the title vii of the Civil rights act.
Assume that Matt, Joe, and Teresa are the only citizens in a community. A proposed public good has a total cost of $1,000. All three citizens will share an equal portion of this cost in taxes. The benefit of the public good is $500 for Matt, $280 for Joe, and $260 for Teresa. In a majority vote, this proposal will most likely be
Answer: Defeated; two against and one in favor
Explanation:
The options to the question are:
a. Accepted; two in favor and one against
b. Defeated; two against and one in favor
c. Accepted; three in favor and none against
d. Defeated; none in favor and three against
A majority vote is a voting system whereby the person who wins is the person that has more than fifty percent of the vote.
In this question, we are told that Matt, Joe, and Teresa will share an equal portion of this cost in taxes and that the benefit of the public good is $500 for Matt, $280 for Joe, and $260 for Teresa.
In a majority vote, this proposal will most likely be defeated as there will be two against and one in favor. Joe and Teresa will be against it ane only Matt will be in support as he will receive more in benefit than the others.
10. In earned value analysis (EVA), we found: SV = -$7,800 at certain point. If the project has a total budget = $65,000 and total duration of 25 days. The project is: a. On schedule b. Ahead of schedule by 0.33 day c. Ahead of schedule by 3 days d. Behind schedule by 0.33 day e. Behind schedule by 3 days
Answer:
3.5
Explanation:
Will's Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and the adjusted basis of the land was $4,200. Will receives a down payment of $4,000 at the time of sale and will receive the remaining $2,000 early next year. The realized gain on the sale is $
Answer:
The realized gain on the sale is $1,800
Explanation
Adjusted basis is defined in tax accouting as the residual cost after deducting various related tax items.
Since
Selling Price = $6,000
Adjusted basis = $4,200
Therefore, the gain realized on the sale is
Sales - Adjusted basis
= $6,000 - $4,200
= $1,800
In the "Case Nugget," Ziva Jewelry Inc., v. Car Wash Headquarters Inc., the plaintiff left his car and keys with a car wash employee and a thief drove off with the car, abandoning it unharmed after stealing jewelry valued at over $800,000 from the car's trunk. What was the final holding of the court in this case
Answer:
That the car wash was not liable to the plaintiff because the car wash employees had no notice they were taking responsibility for so much jewelry.
Explanation:
The case of Ziva Jewelry Inc., v. Car Wash Headquarters Inc involved a salesperson Stewart who locked jewellery in his car and took it to the car wash.
He did not disclose that there was expensive jewelry in the car.
The attendant finished washing the car and signalled to Stewart that his car was ready and walked away from the car.
Before Stewart could pay the bill someone had taken the car. Although the police recovered the car the jewellery was stolen.
Zeva Jewellry filed a motion against the car wash that they did not excercise due care in returning the vehicle.
In this instance the car wash was not liable because Stewart did not disclose there was expensive jewelry in the car.
Also the attendant had finished with his car and informed him of this. So it was out of their care when the car theft occured
Jones Electric Motors uses a Kanban system to make motors for several garage door companies in the southeastern United States. The daily demand for motor housings used in manufacturing is 100 units. The average waiting time for a container of parts is 0.2 day. The processing time for a container of housings is 0.1 day, and a container holds 5 housings. If Jones wishes to use a 10% policy variable, how many containers are needed
Answer:
7 kanban containers are required
Explanation:
Given the following information :
Average Waiting time for containers = 0.2 days
Average processing time = 0.1 days / container
Daily usage (Demand rate) = 100 per day
Container capacity = 5 housings
Policy variable ( Alpha) = 10% = 0.1%
The required number of Kanban containers required by Jones Electric Motor can be calculated thus :
[Number of containers(x) * container size] = (Demand rate (waiting time + processing time)*(1 + alpha))
x * 5 = (100 * (0.2 + 0.1)*(1 + 0.1))
5x = [100 * (0.3)*(1.1)]
5x = [100 * 0.33]
5x = 33
x = 33 / 5
x = 6.6 containers
x = 7
how to calculagte this answer- A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest dollar, what is the difference between the monthly payments for these two loans?
Answer: $409.20
Explanation:
given;
loan amount = $220,000
loan option 1 = 15 years at 5.5%
loan option 2 = 30 years at 6.5%
solution:
1. monthly payment for loan 1.
$220,000/$1000 = 220
15 years at 5.5% = $8.18 * 220
= $1799.60
2. monthly payments for loan 2.
30 years at 6.5% = $6.32 * 220
= $1390.40
difference between both monthly payments.
loan option 1 monthly payment - loan Option 2 monthly payment
= $1799.60 - $1390.40
= $409.20
The difference between the monthly payments for these two loans is $409.20
The calculation is as follows:monthly payment for loan 1.
$220,000 ÷ $1000 = 220
15 years at 5.5% = $8.18 × 220
= $1799.60
2. monthly payments for loan 2.
30 years at 6.5% = $6.32 × 220
= $1390.40
difference between both monthly payments.
= loan option 1 monthly payment - loan Option 2 monthly payment
= $1799.60 - $1390.40
= $409.20
Learn more: https://brainly.com/question/994316?referrer=searchResults
In two to three sentences, explain how you will address
each area of competition to help make your business
successful against this competitor.
To begin your plan, you will need to know about your
competition and decide how you will attempt to compete.
Your competitor is called Create Your Own Yogurt, and it
uses artificial flavors that customers use to create their
own yogurt
In the lesson, you learned about three techniques
businesses can use to compete with one another.
Explanation:
1. Since my competitor– 'Create your own yogurt' uses artificial flavors, I need to determine what those flavors are, and why they may be better than mine.
2. After noting the recipe used by my competitors, I will improve my own recipe using natural flavors which are medically advisable, while improving on branding and marketing efforts.
3. Price is usually going to be my greatest advantage over my competitor, followed by quality, and so I will consider a reduction in my yogurt prices, while striving at maintaining superior quality.
Answer:
sample response: First, I will focus on lowering prices. I will do this by making sure my costs to run the business are low, and I will start by running the shop myself. I will create a better product by using healthier, better ingredients to attract more customers. Finally, I will be innovative by offering ingredients that aren't sold anywhere else.
Explanation:
________ marketing is about making sure the brand and its marketing are as personally relevant as possible to as many customers as possible–a challenge, given that no two customers are identical.
Answer:
personalized
Explanation:
The term being described in this question is known as personalized marketing. Also known as one-to-one marketing or individual marketing, this marketing strategy is when organizations use specific generalized data analysis and digital technology in order to deliver special personalized advertisement messages to a select group of potential customers. This is done in order to get the right product in front of the right people who are more likely to buy that product.
although the collapse of prices on the new york stock exchange in october 1929 caused severe problems in the united states, it also had immediate and disastrous consequences in europe because
porque al tener una quiebra del mercado de valores de Nueva York, llevo a una deflación haciendo que esta gran potencia no ayude a los otros países económicamente produciendo estas consecuencias en Europa y otros países del mundo que recibían ayuda de esta gran potencia (EEUU)
A married man with a wife, a 10-year-old son, and a job that brings in $57,000 a year purchases life insurance. He uses the single parent method to determine how much to insure his wife's life. How much should the policy pay out
Answer:
$80,000
Explanation:
The calculation is fairly simple, just subtract the child's age from 18 = 18 - 10 = 8 years, and then multiply by $10,000.
The single parent method generally recommends that the parent that stays at home (in this case the wife) must be insured for approximately $10,000 for each year that the child needs to reach 18 and become an adult.
A broker has established the following office policy: "All listings taken by any sales associate of this real estate brokerage must include compensation based on a 7% commission. No lower commission rate is acceptable." If the broker attempts to impose this uniform commission requirement, which statement is TRUE
Answer: The broker may, as a matter of office policy, legally set the minimum commission rate acceptable for the firm.
Explanation:
a. The options to the question are:
homeowner may sue the broker for violating the antitrust law's prohibition against price-fixing.
b. The sales associates of the brokerage will not be
bound by the requirement and may negotiate any commission rate they choose.
c. The broker must present the uniform commission policy to the local professional association for approval.
d. The broker may, as a matter of office policy, legally set the minimum commission rate acceptable for the firm.
It should be noted that among the rights that are accorded to a broker is for him or her to to set the commissions as long as it is within their own firm.
This is not antitrust violation and any sales associates will be required to comply with the commission as long as the sales associate wish to continue with the broker.
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 3 million shares of stock. Since then, you have sold an additional 2 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $4 million and would receive 2 million newly issued shares in return. Assuming that this is the venture capitalist's first investment in your firm, what percentage of the firm will the venture capitalist own?
Answer:
28.57%
Explanation:
currently total shares outstanding are:
you own 3 million sharesangel investors own 2 million sharestotal shares outstanding 5 millionif the corporation issues 2 million shares more, then the total shares outstanding would increase to 7 million.
The venture capitalist's investment in your firm would represent 2/7 = 28.57% of the firm's total shares.
Answer:
28.57%
Explanation:
Its right on the quiz
If the world price of a good is below its domestic price, the country will: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices import that good. export that good. put a price floor on that good. have a surplus of that good.
Answer:
import that good
Explanation:
International trade involves the exchange of goods and services between countries.
Due to comparative advantage that some countries have in producing goods they incur less cost than other countries when manufacturing such goods.
In the give scenario where world price of a good is below its domestic price, the country does not have comparative advantage in producing the good. Their cost of production is higher than world price.
The best option will be to import the good. This will save the country high cost of production locally
Carter Co. sells two products: Arks and Bins. Last year, Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are as follows: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Arks $120 $80 $40 Bins 80 60 20 Carter Co.'s sales mix last year was
Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Arks $120 $80 $40 Bins 80 60 20 Carter Co.'s sales mix last year was 0.20 and 0.80.
What is selling price?Selling price is defined as the final cost of a product, or how much the customer ultimately pays. Steps to determine the selling price are Discover the price per item. Choose the gross profit margin you want. Fill in the formula using these values. Apply the outcome and interpret it.
20% Arks and 80% Bins made up the sales mix for Carter Co. last year.
To calculate the total units sold for Carter Co., we sum the two sold units. Seventy thousand units were sold altogether.
14 units plus 56 units equals 70 units.
We divide the number of units sold by Arks (14,000 units) by the total number of units sold by Carter Co. to get the sales mix of Arks (70,000 units). 20% of Arks' sales mix is in retail.
14,000 / 70,000 = 0.20 is the sales mix for Arks.
We divide the number of units of Bins (56,000 units) by the total number of units sold by Carter Co. to determine the sales mix of Bins (70,000 units). Bins' sales mix is 80% mixed.
56,000 / 70,000 = 0.80 is the sales mix of bins.
Thus, product Unit Selling Price Unit Variable Cost Unit Contribution Margin Arks $120 $80 $40 Bins 80 60 20 Carter Co.'s sales mix last year was 0.20 and 0.80.
To learn more about selling price, refer to the link below:
https://brainly.com/question/28017453
#SPJ2
Under the product liability theory of strict liability as expressed in the Restatement (Second) of torts, what is an essential fact that must be present if strict liability may be used in a lawsuit as the basis for recovery
Answer:
A). The product must be unreasonably dangerous.
Explanation:
The 'product liability theory of strict liability' law may consider the manufacturer or retailer liable for injuries caused by the use of their product even if that product has been designed safely for the consumers and it contains a warning label also that clearly states the harm it may cause. But the application of strict liability takes place only on the condition of 'the product being unreasonably dangerous' and the risk of harm(as thought by manufacturer) surpasses the advantages. Thus, option A is the correct answer.
Suppose that foreigners had reduced confidence in U.S. financial institutions and believed that privately issued U.S. bonds were more likely to be defaulted on. U.S. net exports would a. rise which by itself would increase aggregate demand. b. rise which by itself would decrease aggregate demand. c. fall which by itself would decrease aggregate demand. d. fall which by itself would increase aggregate demand.
Answer:
Option C, fall which by itself would decrease aggregate demand, is the right answer.
Explanation:
Option C is correct because the reduction in the confidence level in U.S financial institutions will decrease the U.S net export. Moreover, if the foreigner feels insecure about the U.S bonds then this insecurity will induce them to demand less. Therefore, when the net export decreases the aggregate demand will also fall. Thus we can say option C is right.
A barcode scanning device manufacturer tried several times to update its products, but each of the attempts failed, leaving the company weaker and weaker in the process. Now, unless something remarkable happens, the company is facing bankruptcy.
A. Dissolution
B. Inaction
C. Crisis
Answer:
C. Crisis
Explanation:
Since in the question it is mentioned that the barcode device for scanning is used for several times for updating the products but every attempt failed due to which the company become weaker and weaker
So this situation represents the crisis that declines the company as all the company resources are depleted and only some remarkable could able to save the company
Hence, the correct option is c.
A commercial bank has checkable-deposit liabilities of $500,000, reserves of $150,000, and a required reserve ratio of 20 percent. The amount by which a single commercial bank and the amount by which the banking system can increase loans are
Answer:
What are the options?
Explanation:
shows the amount of savings and borrowing in a market for loans to purchase homes, measured in millions of dollars, at various interest rates. What is the equilibrium interest rate and quantity in the capital financial market
Answer:
7% and 135
Explanation:
The computation of the equilibrium interest rate and the quantity is shown below:
As we can see in the attached figure that at the interest rate of 7% the Qd is equivalent to Qs i.e 140
And when it the interest rate is 8% the quantity of lending is 145 and the quantity of borrowing is 135 that decreased the quantity of lending by 140 to 135 so we considered the 135