Journal entry to replenish petty cash:
Dr Petty Cash $340Cr Cash $340(To replenish petty cash)
Journal entry to record discrepancy in the cash short and over account:
Dr Office Supplies $383Dr Selling Expenses $158Dr Administration expense $99Dr Cash Over and Short $20Cr Cash $660(To record discrepancy in the cash short and over account)
What is replenishment in petty cashReplenishment of petty cash should be recorded based on the cash difference between the established petty cash and the current amount of the petty cash. The item "cash short and over account" will be used to balance these entries.
Particulars Amount
Office supplies $383
Misc. selling expense $158
Misc. administration expense $99
Cash short and over account $20
($660 - $383 - $158 - $99)
Cash $660
($1,000 - $340)
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Does Svensons find a refrigerator value that $2300 on sale for $1900 they decided to withdraw $500 from savings to use as a down payment on the purchase of a refrigerator and took out a loan to pay the balance choose the true statement
A.The Svensons Assets increased by $1400
B.The Svensons Assets increased by $1800
C.The SvensonsI said to increase by $1900
D.The Svensons assets increased by $2300
Answer:
B.The Svensons Assets increased by $1800
Explanation:
The Svensons assets increased by $1,800 because even if they purchased the refrigerator for $1,900, the market value of the refrigerator is $2,300, so their assets initially increase by this amount.
However, they also withdraw $500 from their savings to pay for the refrigerator, meaning that this asset account is reduced by the same amount.
Thus, an initial increase of $2,300 minus a later decrease of $500 gives us a final $1,800 increase.
Which economic school of thought uses the work of John Maynard Keynes? (1 point)
O Demand-side
O Supply-side
O Austrian
O Classical
The theories developed by the economist Keynes influenced the economics school of demand (option A).
Who was John Maynard Keynes?John Maynard Keynes (1883-1946) was a British economist, considered one of the most influential of the 20th century. His ideas had a strong impact on economic theories and policies.
What did Keynes propose?His economic theory focused on stating that he considered that the capitalist system does not tend towards full employment or the balance of the productive factors, but rather towards an equilibrium that will only accidentally coincide with full employment.
On the other hand, they highlighted the ascending nature of aggregate supply and the instability of aggregate demand, stemming from the shocks that occurred in private markets, as a consequence of the ups and downs in investor confidence.
According to the above, it can be inferred that Keynes's thought influenced the economics school of demand (option A).
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jasmine has too many files in her math folder and can't easily find her class notes. what should she do to help her find her notes easily?
Answer:
used folders or sticky notes in a binder. Notes saying what they are help too.
Explanation:
Is there a company in a specific industry that can get by without having any customer service? If so, why and how does that make sense?
Answer:
No
Explanation:
Customer service has a great impact on every business, every company must train it's staff on how to listen to customers and attend to their needs in a polite and professional manner.
A great customer service will keep customers happy and satisfied, this will in turn make them want to come back to do more business. A satisfied customer will go extra length to recommend others to the company but unsatisfied customer that feels that his needs weren't addressed properly or his request wasn't attended to, such customer will not likely but from the company and also bad mouth the company to others and this will leave a great impact on the company growth.
In summary, no company in a specific industry would survive or get by without having customer service as this is part of what makes a company grow.
PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
why it is so difficult to compare unemployment rates in the United States with unemployment rates in poorer countries?
Answer:
The unemployment rate isn't an accurate measure of joblessness simply because it doesn't consider everyone who doesn't have a job
The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of government is that of _____.
one that reallocates income
a source of public good
a supervisory body
an entrepreneurship
Answer:
the correct answer is "a supervisor body" have a great day. also can I get brainliest?
The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of government is that of a supervisory body. Option (c) is correct.
What is a supervisory body?Supervisory body a designated or authorized group charged with administering the organization's regular business operations, special projects, or other duties.
Government oversight, or control, takes the form of decisions made by the administration, the legislative, and even the court. Government oversight has an impact on a company through its facilities and oversight of an organization's management, accounting, and entrepreneurial operations.
The four roles of management, development, mediation, and support are all included in supervision.
Therefore, Option (c) is correct.
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Why might a project manager avoid using technical language when giving a presentation to clients?
Answer:
Forget that you’re up there not to promote how wonderful you are, but to provide value to the audience.
Lose focus of what the audience needs from you. One way: Before you start talking, ask, “What do you hope to learn/achieve from this meeting?”
Fail to set objectives. Even if you don’t share them with participants, know what you want to achieve.
Proceed without a plan (also known as an agenda). Whatever you call it, it’s a map for how your session is going to go.
Wing it. Preparation is everything. Unless you’re an improv master, you have to figure out what you’re going to do, in what order and for how long. And almost everyone needs to practice.
Jump from point to point in a disorganized way. See #4 and #6.
Take example to evaluate how luxury brands create symbolic value to global consumer
Explanation:
because of the popularity
someone answer this question and give me the right answer please
As far as I remember the four stages or steps in production planning and control are:
Routing, Scheduling, Dispatching, and Follow-up.to me, it seems to be part of the scheduling step.
Good luck on your exam
for each of the following variables, identify the type of variable (numeric or categorical)
and level of measurement (nominal, ordinal, interval, or ratio).
a. Total flight time of the second-year pilots in American Airline
b. Gender of the second-year pilots in American Airline
c. Average pilot salary of OECD countries
d. The number of Airplane runways at US National Airport
The types of variables will be:
a. Numeric,
b. Categorical,
c. Numeric,
d. Numeric,
What is a variable?A variable can be defined as the quantity and the set that can be identified. A categorical variable is one where the group is being made and organized. The numeric value is the one that can be measured.
A. A ratio must always be positive because the total flying time cannot be negative. This information has a defined zero point and can be stated numerically.
B. As gender can always be ranked as well as Categorical, the answer is b. categorical and nominal. There is no order to the data, which is expressed as names and labels.
C. In numbers, the ratio is always positive because the typical pilot compensation is positive. This information has a specified zero point and can be stated numerically.
D. Ratio, since the number of runways will never be negative. This information has a defined 0 and can be stated numerically.
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Why is it important to demonstrate a positive work attitude in the workplace?
to be seen as trustworthy and reliable
to be seen as coachable and flexible
to be seen as willing to delegate tasks
to be seen as easily persuadable
Answer:
To be seen as trustworthy and reliable
Explanation:
Cause in a working environment, you want to be known as a trustworthy, and reliable worker. Which allows you to have much more career possibilitties.
Answer:
A. to be seen as trustworthy and reliable
Explanation:
i just took the test
Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $250 fee to register for the conference, $300 per night for three nights' lodging, $200 for meals in restaurants, and $150 for cab fare. (Do not round internediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.)a. What amount of these costs can Melissa deduct as business expenses
The amount of these costs that Melissa can deduct as business expenses is $1,800.
Air fare $400
Registration of conference $250
Lodging $900
($300×3 nights)
Meals (allowable up to 50%) $100
($200×50%)
Cab fare $150
Total Deductible $1,800
($400+$250+$900+$100+$150)
Inconclusion the amount of these costs that Melissa can deduct as business expenses is $1,800.
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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NewTech purchases computer equipment for $255,000 to use in
operating activities for the next four years. It estimates the equipment's
salvage value at $20,000. What’s the year end hook value formula ?
The year-end book value formula for the computer equipment is given as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
At the end of the fourth year, the year-end book value will be 0
How to calculate Year-end book valueThe year-end book value formula for the computer equipment as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
To know the accumulated depreciation for each year, use the following formula:
Annual Depreciation = (Cost of Equipment - Salvage Value) / Useful Life
Where the useful life is the estimated number of years the equipment will be used in the business before it is sold or retired.
With 4 years of use, we can calculate the annual depreciation as follows:
Annual Depreciation = ($255,000 - $20,000) / 4
Annual Depreciation = $63,750
Therefore, the year-end book value formula for the computer equipment at the end of each year would be:
Year 1: $255,000 - $63,750 = $191,250
Year 2: $255,000 - ($63,750 x 2) = $127,500
Year 3: $255,000 - ($63,750 x 3) = $63,750
Year 4: $255,000 - ($63,750 x 4) = $0
At the end of the fourth year, the accumulated depreciation will equal the cost of the equipment minus its estimated salvage value, so the year-end book value will be zero.
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Unibic India: From Fastest Growing Niche Cookie Brand to a Challenger?
In 2007, Lighthouse Funds acquired a 25% stake in Unibic from Unibic Australia for Rs. 200 million. In 2010,
Unibic Australia started making losses and wanted to withdraw from the Indian market. At that time, Unibic
operated solely in the premium, high-margin cookies segment in India, with a share of around 8%. It had a
market presence primarily in south India and was exporting to the Middle East and Hong Kong. It had strategic
alliances to make cookies for various private players. However, it was not yet making profits and was cash-
strapped...
Over the next few years, Unibic grew rapidly. Its growth was primarily fueled by the changes sweeping through
the Indian biscuit industry, wherein glucose biscuits that had dominated the market, gradually lost out to cream
biscuits and cookies. The reasons for the shift included rising disposable incomes leading to an increase in
consumption of premium biscuits; a larger number of manufacturing facilities of premium biscuits; growing
health awareness; innovation bringing in attractive new products; rising affordability of cookies; and increase
in eye-catching packaging...
Over the years, Unibic regularly introduced fresh and unique flavors, ultimately producing over 30 variants of
cookies. Its products could be broadly categorized into chocolate, butter, milk, savory, and health. The company
considered its target market to be between the ages of 14 and 40. It continued its efforts at innovation and
produced new products which would appeal to its target market...
In 2015, Unibic had used celebrity endorsement by signing on south Indian actor Shruti Hassan, for over a year.
It stated that it wanted someone who was relevant and would give the brand a boost to get to the numbers it
wanted in the South...
Unibic didn’t advertise much in print media; TV remained the company’s core focus and got the largest chunk
of its advertising spend, followed by digital and OOH. Instead of following the traditional strategy of having a
similar marketing campaign across markets, Unibic employed a unique strategy in each market, thereby playing
to its strengths in each market while keeping in mind the market conditions and consumption patterns...
From 2019 onward, Unibic started feeling the heat of the economic slowdown in India. The Indian economic
slowdown of 2019 led to a serious and continuing decline in the country’s real estate, automobile and
construction sectors and in overall consumption demand. The second quarter (July- September) of the financial
year (April 2019-March 2020) witnessed a drastic fall in the gross domestic product (GDP) growth rate to 4.5%.
The main reasons attributed to the fall in the GDP growth rate were – contraction in manufacturing activity,
weakened investments, and lower consumption demand.
As of 2020, Unibic had the largest wire cut cookie manufacturing plant in India. The plant had the capability to
manufacture 100 tonnes of cookies each day, with five production lines. While it used 98% of its production
capability to produce its own brand, the rest was used to manufacture for private label brands – six in India and
10 across the world. It had annual revenu7 es of Rs. 5 billion. It also exported its products to more than 21
countries including across Australia, North America, the UK, and Europe, Asia, the Middle East, and New
Zealand. It derived 45% of its earnings from the south of India.
Questions:
a) Explain three factors that had a negative impact on the financial performance of Unibic in its early years.
(6 marks)
b) Which environmental force did Unibic use in segmenting its market? What is this force about? (6 marks)
c) What does the following statement suggest to you about Unibic: “It continued its efforts at innovation
and produced new products which would appeal to its target market”?
d) Which marketing strategy did Unibic use in 2015 and explain any two (2) reasons why firms adopt that
strategy? (9 marks)
e) What main media did Unibic use to implement its marketing strategy? State one advantage of this media.
(6 marks)
Answer:
Explanation:I want an answer
Which set of documents do you need to correct a mistake on a filed tax return
Answer:
Form 1040x
Explanation:
Why followers follow bad leaders?
Answer:
It could be lots of things. The main one that I can think of is fear. When I think of bad leaders I think of tyranny and such, so they feel more prone to violence. If they're just bad, maybe they have a good cause. Just the wrong execution. The last two are loyalty and manipulation. Loyalty speaks for itself and someone who is a bad leader might be easily manipulated into doing whatever someone else wants them to do.
2.2 List any TWO characteristics of public goods.
Answer:
non-excludable and Non-rivalrous
Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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The daily water consumption for an Ohio community is normally distributed with a mean consumption of 850,125 gallons and a standard deviation of 64,190 gallons. The community water system will experience a noticeable drop in water pressure when the daily water consumption exceeds 934,672 gallons. What is the probability of experiencing such a drop in water pressure? (Round your answer to 4 decimal places. Round Z-scores to 2 decimal places.)
Answer:
908.315
Explanation:
What are some of the reasons why domestic policies change overtime?
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
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As shown in the graph, the current equilibrium price for a popular street motorcycle is $7,000. An increase in demand causes the price and quantity both to rise so the producers' total revenue per month in dollars jumps from $3.5 million to $6.3 million. Model this change by shifting the demand curve.
To refer to the graphing tutorial for this question type, please click here.
What will happen to the producer surplus?
The producer surplus will
increase from $
2.8
million dollars per month to $
million per month.
If the market charge is above the equilibrium price, volume furnished is greater than extent demanded, creating a surplus. Market fee will fall. Example: if you are the producer, you have a lot of extra stock that cannot sell.
What is the effect of enlarge in demand on equilibrium rate and quantity?An enlarge in demand, all different matters unchanged, will reason the equilibrium fee to rise; quantity furnished will increase. A limit in demand will cause the equilibrium price to fall; extent provided will decrease.
The fee point for a product stays stable when it is at market equilibrium, raises when there is a scarcity and decreases when there's a surplus . In other words, if you had a sketch of the grant and demand for a product, the factor where the supply curve intersects with the demand curve is the point of equilibrium.
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gross domestic products
goods
services
supplies
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells goods.
Goods are tangible products that people buy to satisfy their wants and needs. Goods can be classified into two categories: consumer goods and producer goods.Consumer goods are items purchased by consumers for their own use and enjoyment, while producer goods are used by businesses to produce other goods and services.Therefore, Nike sells goods, which are tangible products such as athletic shoes, apparel, and equipment.Nike is a leading producer and seller of athletic shoes, apparel, and equipment. The company is one of the largest players in the sportswear industry and is recognized globally for its high-quality products and innovative designs. As a producer and seller of these goods, Nike contributes significantly to the gross domestic product of many countries. The gross domestic product is the total value of goods and services produced in a country within a particular period.For more questions on Nike
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received interest from investment journal entry
Answer:
The amount of interest that has been earned but not yet collected in cash is referred to as interest receivable. A debit to the interest receivable account and a credit to the interest income account are the most common journal entries used to record this transaction.
What is the purpose of consumer-advocacy groups?
to enforce consumer-protection regulations
to lobby the government for lower taxes
to promote the interest of consumers
to provide essential social services
To promote the interest of consumers is the purpose of consumer-advocacy groups. Actions performed by people or organizations to advance and defend the interests of the buying public are referred to as consumer advocacy.
Most countries have implemented legislation to safeguard customers against unsafe or subpar craftsmanship, dishonest sales tactics, and deceptive advertising. Consumer advocacy, movements, or laws that protect consumers' interests by regulating the goods, services, practices, and expectations of producers, merchants, and advertising.
Protecting the interests of the consumer or buyer is the goal of consumer advocacy groups. These organizations use a variety of tactics to expose companies that engage in unfair business practices or sell dangerous goods. These tactics include litigation, letter-writing campaigns, boycotts, and public relations. The Consumer Federation of America, which has 220 member groups, is the biggest consumer advocacy organisation in the United States.
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You have been assigned to determine whether more people prefer Coke or Pepsi. Assume that roughly half the population prefers Coke and half prefers Pepsi. How large a sample do you need to take to ensure that you can estimate, with 90% confidence, the proportion of people preferring Coke to within 5% of the actual value? Show all of your work.
Around 364.8 large a sample you need to ensure that you can estimate, with 90% confidence, that the proportion of people preferring Coke to within 5% of the actual value.
Let P = 0.5 be the percent of people who choose coke to pepsi
E = Margin of error = 0.05
The confidence level(ɑ) = 1 - 0.90 = 0.1
\(z_{c}\) = 1.91
Calculate n by using following formula,
\(n = \frac{P (1-P)*z_{c^{2} } }{E^{2} }\)
\(n= \frac{0.5 * (1-0.5)*1.91^{2} }{0.05^{2} }\)
\(=\frac{0.9120}{0.0025}\)
\(=364.8\)
Hence, a 364.8 large sample you need in order to ensure that you can estimate with 90% confidence, that the proportion of people who prefer Coke to within 5% of the actual value.
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Suppose Jim worked 62 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%.
1. Calculate Jim's net paycheck for the period.
2. Calculate Jim's employer's payroll tax expense for the period.
3. Calculate Jim's employer's total payroll tax liability for the period.
Answer:
1. $714.798
2. $66.402
3. $141.484
Explanation:
1. Gross pay = 62 hours worked x $14.00 per hour
= $868
Net paycheck = Gross pay - Tax
= 868 - [(868) x (6.2%+1.45%+10%)
= $868 - $153.202
= $714.798
2. Employer's payroll tax expense = (6.2%+1.45%) x 868
= $66.402
3. Jim's employer's total payroll tax liability for the period.
868*6.2% (FICA taxes - Employee) + 868*6.2% (FICA taxes - Employer's share) + 868*1.45% (Medicare taxes - Employee) + 868*1.45% (Medicare taxes - Employer's share) + 868*10% (Withholding tax).
= 53.816 + 53.816 + 12.586 + 12.586 + 8.68
Total = $141.484
I need a an idea of followership introduction help me!
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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