Answer:
(c) If we do not know the population standard deviation and must use the sample standard deviation
Explanation:
A t distribution is used for the inference about the population mean if the population standard deviation (sigma) is unknown. The sample standard deviation (s) is used instead.
The test statistic of a t distribution is given as (sample mean - population mean) ÷ (sample standard deviation ÷ sqrt(sample size))
The test statistic of a standard normal distribution is given as (sample mean - population mean) ÷ (population standard deviation ÷ sqrt(sample size))
Answer:
b.16.04%
Explanation:
<u>We solve for the average equity throughout the year:</u>
common stock (600,000 + 600,000) / 2 = 600,000
paid in (75,000 + 75,000/ 2 = 75,000
Retained Earnings (310,000 + 210,000) / 2 = 260,000
Average equity: 935,000
The equity return will be the net income over the average equity
interest to debtholders are paid before earnings are available to shareholders so we do not remove them.
150,000 / 935,000 = 0,1604278
Answer: True
Explanation:
The statement that net income is shown on the end-of-period spreadsheet in the income statement debit column and the balance sheet credit column is true.
It should be noted that a net loss also shows on end-of-period spreadsheet in debit side of balance sheet. The debit side must always be equal to the credit side at the end of the balance sheet.
Answer:
Dr. Cash $4,200
Cr. Interest Income $84
Cr. Note Receivable $4,116
Explanation:
Food Suppliers
Interest on the Note = $4,200 x 8% x 90 / 360 = $84
Amount to be recorded = $4,200 - $84 = $4,116
At the Time of Issuance the Journal Entry was
Dr. Note receivable $4,116
Cr. Sales $4,116
So, the Payment of $4,200 will be made.
The Interest Income will be $84
Now the Note Receivable account will be adjusted by receiving cash and recording interest income.
Answer:
1. Under what condition(s) can an economy make a relatively quick and easy transition to full-employment level of output?
Classical economics are great theoretically, but actual evidence from real life is always against them. The problem with wages and unemployment is that wages are sticky, no one likes a wage cut and employees will always fight against them. That results in drastic changes in the level of unemployment, since it is easier to fire employees than lower their salaries.
When a demand shock occurs, and the aggregate demand curve shifts to the right, the aggregate supply curve will also shift. At this point, suppliers will need to hire more employees and fast since they cannot keep up with the demand. The problem is that in real life, demand shocks are sudden only in theory, no one will wake up tomorrow having twice the money and willing to spend it all immediately.
Classical economics work on the long run, but the problem is that the long run is not a definite point in time. We might actually never live to see the long run occur.
2. What condition(s) would keep an economy from moving back to full employment quickly and easily?
Shifts in the aggregate demand curve never occur from one day to another, they are gradual and take time. In real life, unless you suddenly win the lottery, the amount of goods that you purchase is generally stable. It will increase or decrease over time but not abruptly. Since sudden demand shocks do not occur in real life, neither do sudden shifts in the employment level. That is why the government issues monthly unemployment data, and you analyze the trends over several months or even years.