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Strike441 [17]
1 year ago
10

A company that recently changed its slogan is hosting an optional company picnic. Some members of the marketing team are eating

together at the picnic and sharing their thoughts on the new slogan. They find that 80 % 80%80, percent of them like the new slogan. For which population is 80 % 80%80, percent a legitimate estimate of the percent of employees who like the new slogan?.
Business
1 answer:
velikii [3]1 year ago
7 0

The population for which population is 80 % 80%80, percent a legitimate estimate of the percent of employees who like the new slogan is only members of the marketing team and not the entire company.

<h3>What is population in statistics?</h3>

In statistics, a population is a group of comparable things or occurrences that are relevant to a certain inquiry or experiment. A statistical population can be an existent collection of things or a hypothetical and possibly endless group of objects imagined as an experience-based generalization.

In statistics, the population is the complete set of things from which data for a statistical research is drawn. It might be a gathering of people, a collection of objects, etc. It constitutes the study's data pool. In general, population refers to the number of people who live in a given area at a given time.

Learn more about Population in Statistics:
brainly.com/question/8222250

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4 0
4 years ago
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The accounting records for the Fox Hollow Company show that its cost of goods sold for the year was $300,000. In addition, it ha
timurjin [86]

Answer:

Cash paid will be equal to $311000

Explanation:

We have given cost of goods sold = $300000

Increase in inventory = $5000

Decrease in account payable = $6000

We have to find the amount of cash paid to the suppliers.

Amount of cash paid to the suppliers will be equal to

Cash paid = amount of goods sold + increase in inventory + decrease in account payable.

= $300000+$5000+$6000 = $311000

So cash paid will be equal to $311000

7 0
4 years ago
On January 1, Wei company begins the accounting period with a $40,000 credit balance in Allowance for Doubtful Accounts. On Febr
faltersainse [42]

Answer:

The Journal entries are as follows:

(a) On February 1,

Allowance for doubtful accounts      Dr. $8,800

To Account receivable-Oakley Co                         $1,900                      

To Account receivable-Brookes Co                       $6,900            

(To record write off)

(b) On June 5,

(i)

Account receivable-Oakley Co.         Dr. $1,900

To Allowance for doubtful accounts                     $1,900

(To record amount reinstated)

(ii)

Cash  A/c                                          Dr. $1,900

To Account receivable-Oakley CO                     $1,900

(To record cash received)

6 0
3 years ago
Selecting a sample of paid notes and tracing interest to the general ledger account is a test of the PCAOB assertion for
Sphinxa [80]

Answer:

C.completeness

Explanation:

Occurrence means transactions and events that have been recorded or disclosed have  occurred and relate to the entity.Existence means whether or not accounts balances and related disclosures related Assets, liabilities and equity interests exist in the financial statements.

Completeness means there are no unrecorded transactions, events and disclosures and all transactions that have occurred has been included in the general ledger/financial statements

Valuation or  allocation means that assets, liabilities and equity interests are included in  the financial statements at appropriate amounts and any resulting valuation or allocation  adjustments are appropriately recorded and related disclosures have been appropriately  measured and described.

In this question, interest on sample of paid notes have been traced to the general ledger account, to check that whether the interest on the selected sample has been included in the general ledger and financial statements.Thus the answer shall be C.completeness

3 0
4 years ago
When the price of flowers increased from $5.00 to $5.70, the quantity demanded of chocolate increased from 5,550 to 6,150. What
Aloiza [94]

Answer:cross-price elasticity of demand= 1.57

Explanation:

The Cross Price Elasticity of Demand measures the degree at which the quantity demanded for one commodity changes with a change in price of another product. If the two products in comparison show a positive cross elasticity of demand, then both products are substitutes of each other , while a negative results shows both are complementary of each other.

Cross Price Elasticity of Demand= ΔQx/Qx /ΔPy/Py

Cross Price Elasticity of Demand = (Q1x – Q0x) / (Q1x+ Q0x) ÷ (P1y – P0y) / (P1y + P0y),

Q0X = Initial demanded quantity of commodity X =5500

Q1X = Final demanded quantity of commodity  X, = 6150

P0Y = Initial price of commodity Y = $5.00

P1Y = Final price of commodity Y= $5.70

Cross Price Elasticity of Demand = (Q1x – Q0x) / (Q1x+ Q0x) ÷ (P1y – P0y) / (P1y + P0y)

= (6150 -5000)/ (6150+5000)/(5.70-5.00)/(5.70 +5.00)

(1,150/11,150)/(0.7/10.7)=0.103139/0.065420= 1.5765  to the nearest hundreths = 1.57

A positive value 0f 1.57  for cross elasticity of demand shows that there is  a  competitive relationship between chocolate  and flowers.

6 0
4 years ago
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