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3 years ago

Explain why the joint events in a contingency table are mutually exclusive. choose the correct answer below.

1 answer:

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In a contingency table, the joint events are mutually exclusive because they consist of unique combinations of individual events that are mutually exclusive. For an individual to be described by one of the joint events, the individual must be described using each of the two attributes measured in the table. Since the possibilities for each of the two attribute are mutually exclusive, there can be only one way for an individual to be labeled with each pair of attributes. Therefore there can only be one joint event in the table that describes the individual.

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Which of the following best describes vertical integration? A. sell products to a supplier or a distributor B. develop the abili

jasenka [17]

Answer: B

Explanation:

A vertical integration is where a company owns another company in the same production line.

For example a company that bakes bread has a farm where wheat is cultivated, a marketing company and retail locations for the sale of the bread.

The advantages of Vertical integration include:

a. It reduces costs.

b. It increases efficiency.

c. It gives the firm greater control of the production process.

A major disadvantage of vertical integration is it requires huge capital outlay.

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3 years ago

Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000. The effect of this transaction on

Sedbober [7]

Answer: $10,000 increase in Treasury Stock

Explanation:

Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.

This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.

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2 years ago

Which of the following best describes the role of analytical procedures near the end of the audit engagement? to gather evidence

snow_lady [41]

The answer is,

To provide an overall review of the financial information and assessment of the adequacy of evidence gathered during the audit engagement

This choice will provide enough evidence as a financial information. The overall finance would give ll the needed dates of transactions.

5 0

3 years ago

A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market ba

Nina [5.8K]

Answer:

Usage Rate.

Explanation:

A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market based on usage rate. It is one of the type of behavioral segmentation where markets are segmented on the basis of consumers knowledge, response towards product, usage rate and attitude. Marketers divide the markets into nonusers, ex-users, potential users, first time users and regular users in order to target them accordingly.

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3 years ago

Nebraska Company uses the weighted-average method in its process costing system. The first processing department, the Welding De

vfiekz [6]

Answer:

Cost per equivalent unit for conversion costs for the month = $8.262

Explanation:

The weighted average cost of valuation does not separate the opening inventory from the units newly introduced when accounting for completed units in a production period.

To determine the cost per equivalent units using Weighted Average Method, follow the steps below:

Step 1: Determine the equivalent Unit

Completed units = 25000+ 97000- 28000 = 94000

Workings Equiva. Units

Completed units 94000 (94000 *100%) = 94,000

Closing WIP 28000 (28,000 * 10%) = 2,800

Total Equivalent units 96,800.00

Step 2 : calculate total conversion cost

= 51820+747970= 799,790.00

Step 3 = Cost per Equivalent unit per conversion cost

Cost per unit = Total conversion cost/total Equivalent units

= 799,790.00 / 96,800.00

= $8.262

Cost per equivalent unit for conversion costs for the month = $8.262

7 0

3 years ago