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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:

3 0

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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The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains

Readme [11.4K]

Answer:

Net Income 195,300

Explanation:

The question is to prepare a multi-step income statement

Splish Brothres Corp

Income Statement for the year ended December 31, 2022

Particulars/Description Amount ($) Amount ($)

Sales Calculation

Sales Revenue 747,000

Subtract:

Sales Returns 9,000

Sales discounts 3,200 (12,200)

Net Sales 734,800

Cost of Goods sold (283,000)

Gross Profit 451,800

Operating Expenses (210,000)

Operational Income 241,800

Other gains and revenue 21,800

Other Expenses and losses (3,200) 18,600

Income before Income Taxes 260,400

Income tax expense (25% x 260,400) (65,100)

Net Income 195,300

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3 years ago

Kite Sales. Wendy is president of ABC Kites, a business that manufactures kites. Her company’s kites are sold to large toy store

atroni [7]

Answer:

She was involved in objectionable self-dealing.

Explanation:

Wendy was the president of a business, which made the product she started to make individually at her home, after learning it from the business.

That clearly reflects that the business might have provided the knowledge to Wendy, but using that knowledge in benefit of the self and not of the company, is a unethical act on the part of the individual.

Here Wendy the president of company, rather than promoting the products of the company promoted the products she manufactured individually at her home. This clearly proves that she is self oriented in a negative manner which is a loss for the company.

Her acts are objectionable.

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3 years ago

For inventory systems with constant demand and a fixed lead time,

7nadin3 [17]

Answer:

a.the reorder point = lead-time demand

Explanation:

The reorder point is when there needs to be a replenishment of depleted stock of inventory.

Lead time is the time between when an order is placed and when delivery of goods and services is made.

So when there is constant demand and fixed lead time, there is no need to keep excess inventory as demand has been anticipated and inventory for the demand is available.

Also the lead time demand from order to delivery is also fixed because demand has been provided for already.

Thus reorder point= lead time demand

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3 years ago

When a licensee transfers from the employ of one broker to another, of the following who is responsible for surrendering the lic

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Answer:

d. both a and b

Explanation:

Based on the information provided within the question it can be said that the licensee and the former employing broker. This is mainly due to the fact that both the licensee and the former employing broker both have the license and need to surrender it to the real estate commission in order for it to be issued to the new licensee and broker.

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3 years ago

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Multi-functional new product teams

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