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erica [24]
3 years ago
5

Consider the following statement:"Statistics tell us that ice cream sales increase during the summer months. It is also the case

that reported burglaries increase during the same period. We can conclude therefore, that increased ice cream sales cause an increase in burglaries."This conclusion of this statement:___________.
Business
1 answer:
slega [8]3 years ago
8 0

Answer:

Post hoc, ergo propter hoc.

Explanation:

The best statement which explains the above scenario is 'post hoc, ergo propter hoc'.  This statement is known as an informal fallacy, according to this statement because burglaries were followed by an increase in ice-cream sales then it means that an increase in ice-cream sales is the cause of burglaries. In other words, if 'y' is followed by 'x' then 'x' must have caused 'y'.

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The ratio of cash to monthly cash expenses is computed as _____. cash as of year-end divided by monthly cash expenses beginning
gulaghasi [49]

Answer:

Computation of the Ratio of Cash to Monthly Cash Expenses:

None of these choices are correct.

Explanation:

The correct formula is Cash and Cash Equivalents/monthly expenses.  And monthly cash expenses = Negative cash flows from operations/12.

But, in doing this calculation, first determine the monthly cash expenses, as given above.  With the resulting figure, you can then apply to the Ratio of Cash to Monthly Cash Expenses.

The Ratio of Cash to monthly cash expenses helps a company to assess how long it can continue to operate given the heavy expenses burden it is experiencing, if it is a startup company.  It also helps a company in distress to determine how long it could continue to operate before generating positive cash flows.

8 0
4 years ago
Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 7% and the term is for 5 years.
Vladimir [108]

Answer:

The monthly payment amount is 594 dollars

7 0
2 years ago
Which of the following activities are typically included in a project kick-off meeting? ​
ASHA 777 [7]

Answer:

b. The project manager outlines the project goals

Explanation:

As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.

The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.

Following steps would be noteworthy for conducting an effective project kick off meeting:

  • The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
  • Beginning the project client relationship on a good note and gaining client's support.
  • Putting one's best efforts with a systematic planned approach for the project kick off client meeting.

7 0
4 years ago
For product costs associated with a particular product to be reported on the income statement:
RUDIKE [14]

Answer:

a. The product must be sold

Explanation:

Total revenue and total expenses are recorded in the income statement.  

If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.

The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory

And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement

6 0
3 years ago
Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.4 hours per unit
SOVA2 [1]

The labor efficiency variance for May for Polaco Corporation is <u>$4,320 Favorable</u>.

<h3>What is the labor efficiency variance?</h3>

The labor efficiency variance shows the difference between the actual direct labor hours worked and budgeted direct labor hours,

The labor efficiency variance is computed as the Standard hours allowed for production (SH) – actual hours taken (AH) × standard rate.

<h3>Data and Calculations:</h3>

Standard direct labor-hours per unit = 0.4 hours

Standard direct labor rate = $24 per hour

Production in May = 8,500 units

Actual hours used = 3,220 hours

Standard hours allowed = 3,400 hours (8,500 x 0.4)

Labor efficiency variance = $4,320 (3,400 - 3,220 x $24)

Thus, the labor efficiency variance for May for Polaco Corporation is <u>$4,320 Favorable</u>.

Learn more about calculating labor efficiency variance at brainly.com/question/13136127

#SPJ1

7 0
2 years ago
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