The reason that we want to develop a confidence interval for the population mean is because:
the sample mean is an efficient estimate of the population mean.the value of the sample mean varies from sample to sample.Why is confidence interval develop for the population mean?Confidence intervals are developed for the population mean in order to provide an estimate of the range of values in which the true population mean is likely to fall. In statistics, it is often not possible or practical to obtain data from an entire population, so we use a sample of data to estimate population parameters such as the mean.
However, this estimate is subject to sampling variability, meaning that different samples may yield different estimates of the population mean. A confidence interval for the population mean provides a range of values that is likely to contain the true population mean with a certain degree of confidence.
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The statement of purpose for an analytical report is often more comprehensive than for an informational report.
a) true
b) false
Answer:
a. True
Explanation:
An informational report is a type of report in business that simply provides facts and data about a particular situation without supporting these details with an in-depth analysis and recommendation for improvement. An analytical report however has three of these characteristics. It provides facts and data, analyzes them, and makes the needed recommendation. The statement of purpose in an informational report is simple when compared to the statement of purpose in an analytical report which is more comprehensive. An infinitive phrase begins both reports.
For example, if in an organization, an employee named Adams John is told to prepare a report that evaluates the effect of new government regulations in the importation of parts needed for production, an informational statement of purpose would go thus:
To identify the effects of new governmental regulations on the importation of parts.
An analytical statement of purpose would go thus:
To identify the new governmental regulations limiting the importation of parts, analyze the effects of these regulations, and provide recommendations on better ways to adapt to the current situation.
The above shows a more detailed analytical statement of purpose.
Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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Astoria Co. had the following transactions during the month of August 2014: * Cash received from bank loans was $20,000. * Dividends of $9,500 were paid to stockholders in cash. * Revenues earned and received in cash amounted to $33,500. * Expenses incurred and paid were $26,000. Refer to the information above. At the beginning of August, 2014, owners' equity in Astoria was $160,000. Given the transactions of August, what will be the owners' equity be at the end of the month
Answer: $158,000
Explanation:
Equity = Opening equity + Net Income - Dividends
Net Income = Revenue - expenses
= 33,500 - 26,000
= $7,500
Equity = 160,000 + 7,500 - 9,500
= $158,000
if the inventory turnover ratio cast co is 5x and its gross profits and sales are $270 million and $1,200 million respectivelly then the inventory account for cast is
a.$180 million
b.$182 million
c.$186 million
d.$196 million
Answer:
c.$186 million
Explanation:
Calculation to determine what the inventory account for cast is
Using this formula
Inventory account for cast =Sales - Gross profit/Inventory turnover ratio cast
Where,
Sales=$1,200 million
Gross profit=$270 million
Inventory turnover ratio cast =5x
Let x be the inventory account for cast
Let plug in the formula
5x=$1,200 million-$270 million
5x=$930 million
x=$930 million/5
x=$186 million
Therefore the inventory account for cast is $186 million
Roberson Corporation manufactured 30,000 ice chests during September. The variable overhead cost-allocation base is $11.25 per machine-hour. The following variable overhead data pertain to September:
Actual Budgeted
Production 30,000 units 24,000 units
Machine-hours 15,000 hours 10,800 hours
Variable overhead cost per machine-hour: $11.00 $11.25
What is the flexible-budget amount?
Answer:
$151,875
Explanation:
Calculation for the flexible-budget amount
Using this formula
Flexible-budget amount=Actual Production units×(Budgeted Machine-hours/Budgeted Production units)×Budgeted Variable overhead cost per machine-hour
Let plug in the formula
Flexible-budget amount=30,000 × (10,800/24,000) × $11.25
Flexible-budget amount=30,000×0.45×$11.25
Flexible-budget amount= $151,875
Therefore the Flexible-budget amount is $151,875
The benefits of a reduction of corporate tax to the country
Answer:
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what is the meaning of a loan
Answer:
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Use the information from the balance sheet and income statement below to calculate the following ratios:
a. Current Ratio
b. Acid-test ratio
c. Times interest earned
d. Inventory turnover
e. Total asset turnover
f. Operating profit margin
g. Days in receivables
h. Operating return on assets
i. Debt ratio
j. Fixed asset turnover
k. Return on equity
Balance Sheet ASSETS
Cash $100,000
Accounts receivable 30,000
Inventory 50,000
Prepaid expenses 10,000
Total current assets $190,000
Gross plant and equipment 401,000
Accumulated depreciation (66,000)
Total assets $525,000
LIABILITIES AND OWNERS' EQUITY
Accounts payable $90,000
Accrued liabilities 63,000
Total current liabilities $153,000
Long-term debt 120,000
Common stock 205,000
Retained earnings 47,000
Total liabilities and equity $525,000
Income Statement Sales* $210,000
Cost of goods sold (90,000)
Gross profit $120,000
Selling, general, and
administrative expenses (29,000)
Depreciation expenses (26,000)
Operating profits $65,000
Interest expense (8,000)
Earnings before taxes $57,000
Taxes (11,970)
Net income $45,030
Answer:
a. Current Ratio = current assets / current liabilities = 190,000 / 153,000 = 1.24
b. Acid-test ratio = (current assets - inventory) / current liabilities = (190,000 - 50,000) / 153,000 = 0.92
c. Times interest earned = EBIT / interest expense = 65,000 / 8,000 = 8.13
d. Inventory turnover = COGS / inventory = 90,000 / 50,000 = 1.8
e. Total asset turnover = net sales / total assets = 210,000 / 525,000 = 0.4
f. Operating profit margin = operating income / total sales = 65,000 / 210,000 = 0.31
g. Days in receivables = (accounts receivables / total sales) x 365 = (30,000 / 210,000) x 365 = 52.14 days
h. Operating return on assets = operating income / total assets = 65,000 / 525,000 = 0.12
i. Debt ratio = total liabilities / total assets = 273,000 / 525,000 = 0.52
j. Fixed asset turnover = total sales / fixed assets = 210,000 / 335,000 = 0.63
k. Return on equity = net income / total equity = 45,030 / 252,000 = 0.18
How can events in a process costing system affect financial statements? Provide examples.
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.
A) Advantage of a sole proprietorship
B)Disadvantage of a sole proprietorship
Some of the advantages and disadvantages of sole proprietorship include:
Advantage - keep all the profits Disadvantage - personally liable for any debtsWhat are the advantages and disadvantages of sole proprietorship?One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.
One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.
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hello. what's 117-2? :)
Answer:
115
Explanation:
117 -2 is 115 yeah that's it
Answer:
115
Explanation:
117-2
115
okokokokok
Which of the following can help you improve your information technology skills?
O A. Determining the ethical implications of decisions
B. Accessing and interpreting data
O C. Using word-processing apps, spreadsheets, and presentation software
OD. Working with classmates on reports and presentations
O E. Forming judgements and making decisions about situations and circumstances
Answer:a
Explanation:
The statement "Measurement of ethical decision implications" is correct.
The information regarding the information technology skills is as follows:
It is the technical skills that are significant for working with technical support, development & maintenance.It sets the range that lies between installing the hardware & developing the software for troubleshooting & data analysis.Also, it measures the ethical decision implications.Therefore, all the other options are incorrect
Hence, we can conclude that The statement "Measurement of ethical decision implications" is correct.
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in perfect competition, ‘firms are price taker’. With help of an example, explain how firms in perfect competition are price takers?
In perfect competition , firms are price taker as they sell the product at equilibrium price and the price and output is determined by forces of market demand and supply.
For example, equilibrium price is $20 . Producers assumes to sell all the toys it want at price of $20. No matter how much it produces, the producer will sell at the market price only.
They cannot set their own price as firms are price takers not makers. They have no reason to charge price lower than its market price.
The buyers have full knowledge about the product and the products are also identical in nature , therefore they cannot charge higher price than market price.
Perfect competition firms have horizontal demand curve at market price as average revenue is equals to market revenue.
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write me an assigment about business in a company you made and want to devolp it
The ideas, efforts, and activities that contribute to the improvement of a business can be summed up in the simplest terms as business development.
This entails raising sales, expanding the business, improving profitability through forming strategic alliances, and making strategic business choices. You might also include a few activities from your current position that you love and that help create a positive workplace culture.
For instance, you may mention that you enjoy participating in corporate social responsibility (CSR) projects and that, if they don't currently organize events of this nature, you'd be happy to assist them. A plant that produces toothpaste, for instance, might not view the monthly manufacturing of peppermint toothpaste as a commercial endeavor.
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pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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Under the Family and Medical Leave Act, employers with more than 50 employees are required to provide workers with _______ leave to attend to the birth or adoption of a child.
12 weeks paid
6 weeks paid
12 weeks unpaid
6 weeks unpaid
Under the Family and Medical Leave Act, employers with more than 50 employees are required to provide workers with 12 weeks unpaid leave to attend to the birth or adoption of a child. Therefore, the option C holds true.
What is the significance of unpaid leave?An unpaid leave can be referred to or considered as a leave where an employee is not paid while not being at work for a particular period of time. As per the regulations made under the act given above, the limitation of unpaid leaves is 12 weeks, or roughly 3 months.
Therefore, the option C holds true and states regarding the significance of unpaid leave.
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countries with a(n) orientation see the notion of individual ownership of an idea as intrinsically legitimate, whereas countries with a(n) orientation extol the virtue of sharing versus individual ownership and hence see little reason to respect the notion of individual ownership.
Countries with a collectivist orientation extol the virtues of sharing over individual ownership and therefore see little reason to respect the concept of individual ownership, whereas countries with an individualist orientation .
What is the name of individual ownership?One of the simplest forms of real estate ownership is sole ownership. When a person is the sole owner of a property, they can sell, lease, or give the property to another person without needing permission, as the name suggests. A non-incorporated business is an individual enterprise. This includes freelancers, consultants, and independent contractors. A Social Security number from the United States is required to register as an individual business. "Solopreneurs" are sometimes used to refer to personal businesses. Countries with a collectivist orientation extol the virtues of sharing over individual ownership and therefore see little reason to respect the concept of individual ownership, whereas countries with an individualist orientation view the idea of individual ownership of an idea as intrinsically legitimate.
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what is job idea plumber
Answer:They also install plumbing fixtures such as bathtubs, sinks, and toilets, and appliances, including dishwashers and washing machines. Experienced plumbers train apprentices and supervise helpers.
Explanation:Plumbers install and repair pipes that supply water and gas to, as well as carry waste away from, homes and businesses
Your company is considering a new project that will require $10,000 of new equipment at the start of the project. The equipment will have a depreciable life of five years and will be depreciated to a book value of $3,000 using straight-line depreciation. The cost of capital is 9 percent, and the firm's tax rate is 21 percent. Estimate the present value of the tax benefits from depreciation.
$5,446
$924
$1,143.56
$476
Option (c), The current value of the depreciation tax advantages is $1,143.56.
Depreciation Tax Shield: What Is It?The amount of tax savings obtained as a consequence of depreciation being claimed as a cost is known as the depreciation tax shield. The amount of depreciation is multiplied by the tax rate to determine the tax benefits from depreciation.
Depreciation tax shield = Depreciation x Tax Rate
Depreciation= (Cost - Salvage value) / Life
= ($10,000 - $3,000) / 5
= $1,400.00
Yearly depreciation tax shield= 1,400 x 21%
= $294.00
Discounting Factor = (1/1+r)^n
The total depreciation tax shields' present value at 9% is:
Year Total Benefits/ (Outflow) Discounting Factor P.V. (c ) = (axb)
1 294.00 0.9174 269.72
2 294.00 0.8417 247.45
3 294.00 0.7722 227.02
4 294.00 0.7084 208.28
5 294.00 0.6499 191.08
SUM (PV) 1,143.56
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3 Explain how a price support in the market for an agricultural product creates
a surplus, inefficiency, and unfairness.
Answer:
Explained below
Explanation:
- A price support in the market for an agricultural product will increase the quantity that's produced and also decrease the quantity being consumed which will in turn create a surplus.
- Now, to maintain this support price, the government usually will buy the surplus and then subsidize the producer.
- This price support will be of great benefit to the producer but on the other hand it will cost the consumer/taxpayer more than the producer will profit thereby creating a deadweight loss.
- In summary, this price support can be said to be inefficient and is normally unfair.
What products have tariff restricting their trade or subsidies promoting it.
By raising the cost of imported products and services and decreasing their appeal to domestic consumers, tariffs are used to limit imports.
What are consumers?Consumers are those who buy products for their own needs and use or consume them. Although a customer cannot resell the good, product, or service, he or she may use it to support himself or herself and engage in self-employment. Describe a consumer. The person who uses any goods or services on a daily basis is the consumer.
A tariff, sometimes known as an import tax, is the most prevalent trade barrier. Due to tariffs, imported items are more expensive than domestic ones (goods produced at home). Government subsidies to a specific home industry are another frequent trade obstacle. Producing those things is less expensive thanks to subsidies than it is for export.
Therefore, Tariffs are used to restrict imports since they increase the cost of imported goods and services and lessen their attraction to domestic consumers.
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Which trade organization is responsible for 90% of the world's trade Brainly?
The international shipping industry is responsible for the carriage of around 90% of world trade.
What does organization mean in plain terms?Putting things with each other in a logical order is the concept of organization (British English: organization). It's "to organize," the verb. An enterprise is a team of individuals who cooperate. Organizations are necessary because group efforts are more effective than individual efforts.
What in business is an organization?An corporation created with the goal of business operations is a large corporation. A system of laws governing contract and trade, property ownership, and incorporating is the foundation of such an organization.
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f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
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ECONOMICS
Data collected from the economy of Cardtown reveals that a 16% increase in income leads to the following changes:
• A 12% increase in the quantity of flops demanded
• A 14% decrease in the quantity of clubs demanded
• A 28% increase in the quantity of houses demanded
Compute the income elasticity of demand for each good and use the dropdown menus to complete the first column in the following table. Then, based on its income elasticity, indicate whether each good is a normal good or an inferior good. (Hint: Be careful to keep track of the direction of change. The sign of the income elasticity of demand can be positive or negative, and the sign confers important information.)
The demand elasticity is recognise the value which measures the change in the quantity requested whenever the income changes inside a given percentage. Its formula is em = change in percent in M by Q/percent, and the further calculation can be defined as follows:
\(\to em (flops) = \frac{+12\% }{+16\%} = +0.75\) Because em is +, flops are a regular good.
\(\to em (clubs) = \frac{-14\%}{+16\%} = -0.875\ \ or \ -0.88\) Because em is -, clubs are good less.
\(\to em (aces) = \frac{+28\%}{+16\%} = +1.75\) Aces are a normal good since em is +.
The elasticity of luxury goods exceeds that and that's why ACES are luxury goods.
Therefore, the final answer is "Hence".
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Which of the following are frequently mentioned goals of the Federal Reserve? Check all that apply.
Answer:
Stability in the financial system
– Price stability—fighting inflation
– Full employment
– Economic growth
– Interest rate stability
– Currency stability
You are a media liaison officer for the sporting brand Hi-Tech. You have been tasked with developing a social media campaign to promote and create awareness for Hi-Tech’s ‘One’ campaign. Based on the information provided in the article, choose a social media platform (only one) that you feel will be most suited for achieving success. Your discussion must include the following: 2.1 Outline a mission and vision statement that you will use to guide your social media campaign.
A social media campaign is a planned marketing activity that uses one or more social media channels to support or further a company objective.
A campaign's greater emphasis, targeting, and measurability set it apart from regular social media initiatives. Place all the tracking mechanisms in place before launching a campaign. There are several free social media marketing tools available that measure shares, retweets, likes, and brand-related keywords.
Set goals for the campaign and arrange a firm deadline after a baseline has been established. Firm start and finish dates are essential for a) controlling expenses and mission creep, and b) evaluating results before and after the campaign.
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PLEASE HELP!!
Which situation would cause the price of a product to increase the most?
A. Both the demand and the supply fall.
B. The demand falls while the supply rises.
C. Both the demand and supply rise.
D. The demand rises while the supply falls.
Answer:
D
Explanation:
It's d since if the demand of more of something that they have little of would increase the price the most
40! Points it’s an easy question !!!!!
Answer:
B
Explanation:
Being that it is a legal document, she should use proper terminology and be exact with what she says, which likely require using complicated words
whats a good job for me A. nail artist B.GameDev C. Aesthetic photography D.Anime Actor idc They all sound good
Answer:
C. Aesthetic photography
Explanation:
Answer: it really depends on what you're good at !!
Explanation: seeing all the jobs you listed here, if you look more into the requirements and the education that is needed, see which one is either easier or what you're good in in that field, and go for that !!
i think that either a nail artist or an aesthetic photographer would be good for you :)
The rules for a football player receiving a yellow flag for pass interference are as follows:
The rules for a football player receiving a yellow flag for pass interference are as follows:
If a defensive player Holds the receiving player back from moving forward to catch the pass Pushes the receiving player away from the pass Does not look back toward the incoming ball Trips the player intentionally.Pass interference is a penalty in American football while a player attempts to intrude or save every other player from catching or creating a play on a thrown ball.
However, both protecting and offensive players have a proper to try to make a truthful seize in soccer.
Pass interference may also consist of tripping, pushing, pulling, or cutting in front of the receiver, protecting the receiver's face, or pulling on the receiver's fingers or arms. It does not include catching or batting the ball earlier than it reaches the receiver.
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