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2 years ago

Qingyi develops a statistical model to predict the labor demands for a six-county area. In doing so, Qingyi is using ______.

2 answers:

8 0

Qingyi develops a statistical model to predict the labor demands for a six-county area. In doing so, Qingyi is using trend analysis.

<h3>What is trend analysis?</h3>

The common process of gathering data and looking for patterns in order to identify trends is known as trend analysis.
The phrase has more clearly defined meanings in several academic disciplines.
Although trend analysis is frequently used to forecast future events, it can also be used to estimate ambiguous historical events, such as the approximate number of ancient kings who likely reigned between two dates, using information such as the average number of years other known kings were in power.

<h3>Who are laborers?</h3>

A worker is a person who performs manual labor, often in the manufacturing and construction workforces.
Workers belong to a class of wage earners whose only substantial material asset is their work.

Therefore, Qingyi develops a statistical model to predict the labor demands for a six-county area. In doing so, Qingyi is using trend analysis.

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lys-0071 [83]2 years ago

7 0

Answer: Qingyi is using Trend Analysis

Explanation: Trend analysis is the technical analysis that attempts to predict future performance based on past trend data. This analysis generally uses historical data, for example, analyzing market movements in past trends, to make long-term decisions regarding investments in the future.

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4 years ago

During the current year, the Jules Company incurred the following product costs:Direct materials used in production $250,000Dire

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Answer:

Option (D) is correct.

Explanation:

Given that,

Direct materials used in production = $250,000

Direct labor = $185,000

Manufacturing overhead = $245,500

Beginning Work in Process Inventory = $20,000

Ending Work in Process Inventory = $30,000

Cost of finished goods manufactured for the year:

= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory

= $250,000 + $185,000 + $245,500 + $20,000 - $30,000

= $670,500

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4 years ago

You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.25 percent per year,

lana66690 [7]

Answer:

$793.70

Explanation:

The computation is shown below:

At introductory rate

The rate is 17.8% per year

And, in monthly, the rate would be

= 1.25% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,000 × (1 + 0.1042%)^6

= $8,050.15

The interest after 6 month is

= $8,050.15 - $8,000

= $50.15

Now for increase rate to 17.8%

The rate is 17.8% per year

And, in monthly, the rate would be

= 17.8% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,050.14 × (1 + 1.4833%)^6

= $8,793.70

The interest after 6 month is

= $8793.70 - $8,050.15

= $743.55

So, the total interest would be

= $50.15 + $743.55

= $793.70

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4 years ago

During the year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the year, before adjusting entries, th

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Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

Total credit sales $ 47 comma 000

Estimated bad debts as a % of sales 4 %

Balance of Allowance for Doubtful accounts $ 1,880

The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

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4 years ago

To assign overhead costs to each product, the company:_____.

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Answer:

a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Hence, to assign overhead costs to each product, the company multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;

Activity rate = total overhead cost/activity for the activity cost pool.

4 0

3 years ago