For recording each transaction for Bearcat Construction, we will use the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.
1. On March 1, Bearcat Construction issued common stock for $21,000. This means they received $21,000 in cash and increased their equity. The journal entry would be:
Debit: Cash $21,000
Credit: Common Stock $21,000
2. On March 5, Bearcat Construction obtained a $9,000 loan from the bank by signing a note. This means they received $9,000 in cash and incurred a liability. The journal entry would be:
Debit: Cash $9,000
Credit: Notes Payable $9,000
3. On March 10, Bearcat Construction purchased construction equipment for $25,000 in cash. This means they decreased their cash and increased their asset (equipment). The journal entry would be:
Debit: Equipment $25,000
Credit: Cash $25,000
4. On March 15, Bearcat Construction purchased advertising for the current month for $1,100 in cash. This means they decreased their cash and incurred an expense (advertising). The journal entry would be:
Debit: Advertising Expense $1,100
Credit: Cash $1,100
5. On March 22, Bearcat Construction provided construction services for $18,000 on the account. This means they provided the services but have not yet received payment. The journal entry would be:
Debit: Accounts Receivable $18,000
Credit: Service Revenue $18,000
6. On March 27, Bearcat Construction received $13,000 in cash on account from the services provided on March 22. This means they received payment for the services previously provided. The journal entry would be:
Debit: Cash $13,000
Credit: Accounts Receivable $13,000
7. On March 28, Bearcat Construction paid salaries for the current month $6,000. This means they decreased their cash and incurred an expense (salaries). The journal entry would be:
Debit: Salaries Expense $6,000
Credit: Cash $6,000
These are the journal entries to record each transaction for Bearcat Construction. By using these entries, we can track the financial activities of the company and maintain accurate records.
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Complete Question:
Bearcat Construction begins operations in March and has the following transactions.
March 1 Issue common stock for \( \$ 21,000 \).
March 5 obtain \( \$ 9,000 \) loan from the bank by signing a note.
March 5 Obtain $9,000 loan from the bank by signing a note.
March 10 Purchase construction equipment for $25,000 cash.
March 15 Purchase advertising for the current month for $1,100 cash.
March 22 Provide construction services for $18,000 on the account.
March 27 Receive $13,000 cash on account from March 22 services.
March 28 Pay salaries for the current month of $6,000.
Required:
1. Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Which of the following is a characteristic of an oligopoly market structure?
a. Many firms
b. Price equals marginal revenue
c. Strategic interdependence
d. A unique product
Strategic Interdependence is a characteristic of an oligopoly market structure.
In an oligopolistic market, where there are few firms and the items are highly correlated, each firm depends on the others to maximize profit. In order to corner the market, they jointly decide on price and output. A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact. The market share of the major companies is calculated using the concentration ratio.
A market with a monopoly has just one producer, a duopoly has two businesses, and an oligopoly has three or more businesses. The maximum number of firms in an oligopoly is unknown, but it must be low enough such that each firm's activities have a major impact on the others. Oligopolies can be created, maintained, or dismantled as a result of economic, legal, and technological considerations. The prisoner's dilemma that each member faces, which motivates each member to cheat, is the main challenge that oligopolies face.
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Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
Outline three reasons for retrenchments at SAPO
The three reasons for retrenchment at SAPO are: Decline in Mail Volume, Financial Difficulties and Technological Advancements
What are the three reasons for retrenchment at SAPO?SAPO, which stands for South African Post Office, is a state-owned postal services company in South Africa that has faced several challenges in recent years. Here are three possible reasons for retrenchment at SAPO:
Decline in Mail Volume: One of the primary reasons for retrenchment at SAPO is the decline in mail volume, which has been caused by the increasing use of digital communication. As a result, the company's revenue has been decreasing, and it has had to reduce its workforce to cut costs.
Financial Difficulties: SAPO has been experiencing financial difficulties for several years, which have been exacerbated by mismanagement and corruption allegations. The company has had to rely on government bailouts to stay afloat, and retrenchment have been one of the measures used to reduce costs and improve the company's financial sustainability.
Technological Advancements: Another reason for retrenchment at SAPO is the adoption of new technologies, which have made some of the company's traditional services redundant.
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You are planning to open a dinner only restaurant. You expect a steady flow of customers to your 35 tables. Assuming one party per table and an average check of $50 per party, how many times will you have to "turn" each table to make your revenue goal of $5,000 per night?
Answer:you have 20 tables, and each table pays 50
so your amount is 1000 dollars each time
To make 3000 dollars divide 3000 by 1000
3000/1000 = 3
You have to "turn" your tables 3 times
hope this helps
Explanation:
What are the 3 key elements for MRP?
The three key elements for Material Requirements Planning (MRP) are: Bill of Materials (BOM), Master Production Schedule (MPS), and Inventory Records.
\BOM is a list of all raw materials and components needed to produce a finished product, MPS outlines the production schedule to meet customer demand, and Inventory Records show the available inventory levels.
By combining these three elements, MRP helps manufacturers determine when and how much raw material and components to order, ensuring that production schedules are met and inventory levels are optimized.
MRP systems use these key elements to calculate net requirements for each component, helping manufacturers to plan and manage their production processes efficiently.
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Alexa hoped that a good outline will accomplish which of the following for her presentation
Alexa hoped that a good outline will accomplish to help her distinguish between main topics and subtopics.
What is the presentation?A presentation refers to conveying information from a speaker to an audience. It includes an introduction, demonstrations, speeches, or lectures.
The missing options in the question are
help her distinguish between main topics and subtopics.Let her find how competing theories disagree with her ideas.Encourage her to describe in length the information on her slides.Enable her to use media more efficiently.Alexa hoped that a good outline needs to accomplish for her presentation is to help her distinguish between main topics and subtopics.
Therefore, A is the correct option.
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Your employer gives you a list of all chemicals in the entire building and the location of the SDS collection, and he asks you to sign off that you completed the safety training program. What else is required of an employer training program?Select all that apply.a) SDS interpretationb) Training for Chemical Handling in your areac) PPE needed for work aread) Physical and health hazard information for the chemicals in your work area.
In addition to providing a list of chemicals and their SDS location, an employer training program includes SDS interpretation, training for chemical handling in your area, PPE needed for work area, and physical and health hazard information for the chemicals in your work area.
SDS interpretation is critical for employees to understand the hazards associated with chemicals in the workplace.
It provides detailed information on the properties of chemicals, including physical and health hazards, safe handling and storage procedures, and emergency response measures.
Employees must be able to read and interpret SDS to understand how to work safely with hazardous substances. Training for chemical handling in your area is crucial to minimize risks associated with handling chemicals.
This training should include information on how to properly label, store, and transport chemicals in your work area, as well as emergency response procedures in case of spills or accidents.
PPE needed for work area is an essential component of employee safety training. Employers should provide and train employees on the use of personal protective equipment, including gloves, goggles, and respirators, to protect against chemical exposure.
Physical and health hazard information for the chemicals in your work area should be provided to employees to ensure they understand the potential risks associated with working with these substances.
This information should include details on the chemical's physical properties, toxicity, and potential health effects.
In summary, an employer training program should cover SDS interpretation, training for chemical handling in your area, PPE needed for work area, and physical and health hazard information for the chemicals in your work area to ensure employee safety in the workplace.
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Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.
A manufacturer of 35-mm cameras knows that a shipment of 25 cameras sent to a large discount store contains 8 defective cameras. The manufacturer also knows that the store will choose five of the cameras at random, test them, and accept the shipment if none of them is defective. Find the probability that the shipment is rejected. Round your answer to four decimal places.
The probability that the shipment is rejected is 0.8835, rounded to four decimal places.
What is probability and how is it solved in the following question?Probability is basically the likely outcome of the event that has occurred. in this question, the population size is 25 in total and the number of defective cameras is 8, therefore, the number of non-defective cameras is 17 we use hypergeometric distribution by evaluating the question with that we get the probability of 0.1165. therefore we subtracted 0.1165 with 1 to get the following probability of the shipment getting rejected which is equal to 0.8835.
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the cost to firms of changing prices group of answer choices does not exist if inflation is perfectly anticipated. is small even when there is rapid inflation. all of the above is called a menu cost.
The cost to firms of changing prices, which is also known as a menu cost, does not exist if inflation is perfectly anticipated. In addition, it is small even when there is rapid inflation.
What is the menu cost?
Menu cost refers to the expenses that firms incur when they change their prices. This cost can include the cost of updating price lists, printing new menus or catalogs, and communicating price changes to customers.
If inflation is perfectly anticipated, meaning that firms and customers expect the same rate of inflation, then the cost to firms of changing prices is negligible, since they can plan for the anticipated inflation and adjust their prices accordingly.
Similarly, even when there is rapid inflation, the cost to firms of changing prices may still be small, as long as the inflation is anticipated and the firms can adjust their prices accordingly.
Therefore, all of the above statements are correct and are referred to as menu costs.
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Select the examples of early development and Services workplaces. Check all that apply.
A hospital
A private home
An office
A medical clinic
A school
A child care facility
Answer:
B, E, F
Explanation:
got it right
Answer: B E F
Explanation:
Integrated marketing communication (IMC) requires a big-picture view of promotional planning; a total strategy that includes all marketing messages. You work for a multinational beverage company headquartered in Singapore. You have been put in charge of developing comprehensive marketing communication packages and want to ensure that you maximize the benefits for your company. To reach this goal, you work with department heads around the world to ensure that marketing and communications objectives support the corporate mission and strategies, and keep all staff informed about new developments. You also work with external partners, including advertising and PR agencies, to achieve a cohesive message for your brand and products. Which of the following statements is most likely to be true about your IMC effort? a. Your target market will be identified after the company has established an IMC strategy. b. Sending a unified positive message about your company is often not a priority. c. Developing multinational integrated marketing communication is likely to contribute to the duplication of communication efforts. d. IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone.
Answer: IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone
Explanation:
Option A is wrong as the target market will not be identified after an IMC strategy has been established by the company.
Option B is wrong because it's important to send a positive message that's unified about the company.
Option C is wrong as the development of the multinational integrated marketing communication won't lead to the duplication of communication efforts.
The statement that is true about the IMC effort is that "IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone.
Therefore, the correct option is D.
This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
when the rate of cyclical unemployment is zero, the: a. rate of frictional unemployment must be negative. b. economy must have entered a recessionary stage. c. natural rate of unemployment must also be zero. d. economy is considered to be at full employment.
when the rate of cyclical unemployment is zero, the economy is considered to be at full employment, so the correct option is D
What is full employment?It is a situation where all the individuals in a country, who are able to work and who want to do so, are effectively working either as employees of a company or organization or creating their own. however, the concept of full employment is rather theoretical since it is practically impossible to find a real case where unemployment is exactly zero.
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According to the "Negotiating Family Relationships" website you visited, if you and your siblings receive your allowance according to the amount of chores completed, your family is practicing the ___________ Model of Human relationships a. Equality Matching b. Authority Ranking c. Market Pricing d. Communal Sharing Please select the best answer from the choices provided A B C D.
The type of human relationship which a family practises if it gives allowances based on the amount of chores completed is known as:
C. Market pricingWhat is Market Pricing?This refers to the type of strategy which is based off on the valuation which is given based on the competitive strategy and the value of the product is evaluated in relation to others.
With this in mind, we can see that based on the given description of the family and the allowances received which is based on the amount of chores completed, this is known as market pricing model of human relationships.
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In for peny, in for a pound , taking care of the rands and cents
Answer:
l don't understand the question you ask
In most industries, getting into which kind of role usually requires experience? A. Entry-level B. Intership C. Managerial
Answer:
ifj
Explanation:
gjhguvcygvgvyvvvvbjfhjfg vy9bi givgu vu
can someone tell me what car u like bc i need inspo, like a V6 or something
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
Explain the importance of leisure activities.
Answer:
leisure activities improve the productivity of people
Explanation:
if you feel stressed and then go to a water park, you will get less stressed right?
Alex is nearing graduation. His counselor showed him this information. Alex's College Costs & Payment Options per Year Costs Methods of Payment Tuition & Fees Grants & Scholarship $10,100 $12,500 Room & Board Work-Study $11,750 $8,000 If his parents cannot help Alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?
a. He could work each summer to earn the $1,350 difference.
b. He could wait a year for college and earn the difference.
c. He could abandon his plans for college because he does not have enough money.
d. He could take out a student loan for the difference of $1,350, plus an extra $2,000 a year for mad money.
Choice A is the best one. He could work every summer and make the extra $1,350 money during his college.
The possibilities are as follows since they are mentioned in the question but cannot be plainly seen:
Option B is incorrect since if he waits a year, he would lag behind his friends and the sum won't be very big.
Option c is incorrect because the amount needed is negligible and there are easy ways to make up the difference.
Option d is incorrect since he must pay back the money at a higher interest rate because of the student loan.
Alex can make up the gap in 4 weeks at the federally mandated minimum pay of $9 per hour and a 40-hour work per week.
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to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48% residual value from the MSRP and divide the result by the number of agreed upon months. What is the approximate monthly payment on a three-year lease agreement?
Answer:
The approximate monthly payment is $383
Explanation:
Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.
Firstly, we start off by subtracting 48% residual value from the MSRP
48% of 26,500 = 48/100 * 26,500 = $12,720
We subtract this from $26,500
That will be $26,500 - $12,720 = $13,780
We have 3 years and that is 36 months
So the approximate monthly payment will be;
$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit
On june 1 of the current year, chris bates established a business to manage rental property. The following transactions were completed during june:
An commitment between a buyer and a seller defines a transaction. In a transaction, the sellers pays cash for the shipment of products, services, or other investment securities.
The impact of each transaction and resulting balance is as follows:
Transaction 1: Exchanged common shares for a deposit of $75,000 to open a company bank account.
Effect: Cash and Common Stock both increase by $75,000 each.
$75,000 in cash and $75,000 in common stock.
Transaction 2: Spent $2,200 on office supplies using a credit card.
Effect: The cost of office supplies and accounts payable both rise by $2,200.
Balances: $75,000 in cash, $75,000 in common stock, $2,200 in office supplies, $2,200 in supplies for accounts, and $2,200 in payables.
-Transaction 3: Received $19,500 in cash as payment for management fees.
Effect: A $19,500 increase in service revenue and a $19,500 increase in cash purchases.
Balances: $94,500 in cash, $75,000 in common stock, $2,200 for office supplies, $2,200 for accounts payable, and $19,500 for service revenue.
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The single most important factor that influences the behavior of market interest rates is
A) inflation.
B) business profits.
C) the supply of new bonds.
D) the stock market.
The correct answer is A) inflation.
Inflation is the rate at which the general level of prices for goods and services is rising, which can affect the demand for credit and the supply of funds available for borrowing. As inflation increases, lenders may demand higher interest rates to compensate for the decreased purchasing power of their returns. On the other hand, businesses may experience higher profits during inflationary periods, as prices for their products and services rise. The supply of new bonds can also impact interest rates, but it is not the single most important factor.
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suppose that in the small town, prairie, there are only two cable providers. what type of market structure does the local cable market have?
Although there are fewer companies operating in oligopolistic markets, they do so on a massive scale.
What kind of market structure is cable television industry?The oligopoly market structure is exemplified by cable corporations like Comcast. There aren't many cable companies, and the services they provide to the public are often similar or hardly different. Because they imitate price reductions made by rival businesses, the companies are interdependent.In oligopoly markets, a limited number of suppliers control the market. They are present in every nation and a wide variety of industries.When a few big companies control all or most of the sales in an industry, oligopoly results. There are many industries that exhibit oligopoly, such as the auto sector, cable television, and commercial aviation.There is an oligopoly on the market for cable sports channels.No, the neighborhood cable provider is not used as an example of an industry with perfect competition. It is an illustration of an oligopoly firm, where there are few or no firms and none have any influence over the others.To Learn more About oligopoly markets Refer To:
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17. The matching principle requires that a) assets will be matched to the liabilities incurred to purchase them b) non-operating gains and losses should be netted against each other c) a proportion of each dollar collected will be assumed to be a recovery of cost d) revenues earned and expenses incurred in generating those revenues should be reported in the same income statement e) none of the above
Answer:
D
Explanation:
The matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement
the purpose of this is to avoid misstating earnings
an unattractive industry is one where threat of new entrants, bargaining power of buyers and suppliers, threat of substitute products and rivalry among competitors are
an unattractive industry is one where threat of new entrants, bargaining power of buyers and suppliers, threat of substitute products and rivalry among competitors are high.
In an unattractive industry, these factors make it difficult for businesses to maintain profitability and market share. New entrants can easily enter the market and disrupt the current players, while buyers and suppliers have significant bargaining power and can drive down prices and profits. Additionally, the threat of substitute products can make it difficult for companies to differentiate themselves and retain customers, while intense competition among rivals can lead to price wars and decreased profitability.
As a result, businesses in an unattractive industry may struggle to survive and may need to implement strategic changes or exit the market altogether.
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A researcher is interested consumer preferences among three brands of yogurt. A sample of 90 people is obtained, and each individual is asked to taste each brand and then select his/her favorite. The resulting frequency data are as follows:
Brand A 37 Brand B 21
Brand C 32
Calculate if the data indicate any significant preferences among the three brands at the .05 level of significance, and then identify which of the following statements is correct:
a. The null is rejected with a calculated chi square value of 5.21 and critical square value of 3.84.
b. The null is retained with a calculated chi square value of 4.47 and a critical chi square value of 5.99.
c. The null is retained with a calculated chi square value of 5.31 and a critical chi square value of 5.99.
d. The null is rejected with a calculated chi square value of 4.47 and a critical chi square value of 3.84.
To determine if there are any significant preferences among the three brands of yogurt, we can conduct a chi-square test of independence.
The null hypothesis (H0) states that there is no association between brand preference and the individuals in the sample. The alternative hypothesis (Ha) suggests that there is a significant association.
Using the given frequency data, we can calculate the chi-square statistic and compare it to the critical chi-square value at the 0.05 level of significance.
Performing the calculations, the calculated chi-square value is 5.21. The critical chi-square value at the 0.05 level of significance with 2 degrees of freedom is 5.99.
Since the calculated chi-square value of 5.21 is smaller than the critical chi-square value of 5.99, we fail to reject the null hypothesis. This means that there is no significant preference among the three brands of yogurt based on the sample data.
Therefore, the correct statement is:
b. The null is retained with a calculated chi-square value of 4.47 and a critical chi-square value of 5.99.
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A person is a professional truck driver and a car salesperson. Which action
would she most likely take if she wanted to increase her level of economic
specialization?
A. Move to another country that has fewer truck drivers
B. Hire an employee who can both drive trucks and sell cars
ce
C. Stop driving trucks to focus on becoming better at selling cars
D. Continue driving trucks and selling cars, while also learning to
repair engines
Answer:
C. Stop driving trucks to focus on becoming better at selling cars
Explanation:
I would think this because she would be more successful since she would get paid more
C. Stop driving trucks to focus on becoming better at selling cars
The following information should be considered:
For increasing the level of economic specialization the driving truck should be stopped. Due to this, it should be focus on becoming the better at selling the cars.Learn more: https://brainly.com/question/17961582?referrer=searchResults
retreating to an earlier time that seems less threatening and requires less responsibility?
Regression
Rationalization
Repression
Compensation
One possible way of retreating to an earlier time that seems less threatening and requires less responsibility is through the defense mechanism of regression. This involves reverting to a more childlike and dependent state, where one can feel protected and cared for by others.
Rationalization is another defense mechanism that can be used to justify or explain away uncomfortable thoughts or behaviors, making them seem more acceptable or understandable. Repression involves pushing unwanted or distressing memories or impulses out of awareness, keeping them hidden from conscious awareness. Finally, compensation can involve overcompensating in one area to make up for perceived shortcomings in another, such as becoming an overachiever to mask feelings of inadequacy.
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What are some reasons why you might choose to use filters when creating a dashboard view? Select all that apply.
To highlight individual data points
To put the data in chronological order.
To zero in on what's important to your stakeholders
To remove outliers that don't conform to your hypothesis.
To highlight individual data points To put the data in chronological order.To zero in on what's important to your stakeholders.To remove outliers that don't conform to your hypothesis.
Creating a dashboard view for data is a way to simplify the way you communicate data to others. There are many reasons why you might choose to use filters when creating a dashboard view. Some of the reasons are highlighted below:
1. To Highlight individual data pointsUsing filters in your dashboard view can be useful for focusing on individual data points, such as the top 10 customers or highest-performing regions. It also makes it easier for stakeholders to quickly see important data points.
2. To Put the data in chronological orderData can often be difficult to read and understand if it isn't organized properly.
Using filters to arrange your data chronologically can help you show how data has changed over time.
3. To Zero in on what's important to your stakeholders
Filtering data is also useful when you want to focus on specific data points that are important to your stakeholders.
For example, if you are looking at customer satisfaction rates, filtering data to show only low satisfaction rates can help you understand what you need to do to improve satisfaction levels
.4. To Remove outliers that don't conform to your hypothesis.
Filters can also be used to remove data points that don't conform to your hypothesis. By filtering out outliers, you can get a more accurate understanding of the data and make better decisions based on that information.
Filters are a powerful tool for creating dashboard views that communicate data effectively. By using filters in your dashboard, you can highlight important data points, organize data chronologically, focus on what's important to stakeholders, and remove outliers that don't conform to your hypothesis.
Answer: To highlight individual data pointsTo put the data in chronological order.To zero in on what's important to your stakeholders.To remove outliers that don't conform to your hypothesis.
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