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34kurt
3 years ago
7

4. With many other options available, customers no longer let their money sit in a checking account. For many years the mean che

cking balance has been $3,500. Does the sample data indicate that the mean account balance has declined from this value?
Business
1 answer:
Artyom0805 [142]3 years ago
7 0

Answer:

The answer is "No."

Explanation:

The anwer is "No" is because the amount $3,500.00 is a mean in the checking balance taken for many years.  

Consequently, the mean checking balance for customers over the years have remained stable notwithstanding other available potion for withdrawal such as using Automated Teller Machine (ATM) cards for customers.

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American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be
Shalnov [3]

Answer:

If American produces the new compound, profit will increase by $88,000

Explanation:

increase in selling price = selling price of new variant of chemical - selling price of chemical compound

                                         = $83 - $52

                                         = $31

Net increase in profit = total increase in selling price - additional processing cost

                                    = $31*8000 - $160000

                                    = $248000 - $160000

                                    = $88,000

Therefore, If American produces the new compound, profit will increase by $88,000.

net increase in profit =

3 0
3 years ago
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual
frozen [14]

Answer:

the variable overhead efficiency variance is $1,840 unfavorable

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= Standard variable overhead rate × (standard hours - actual hours)

= $4.60 × (10,600 - 11,000)

= $1,840 unfavorable

Hence, the variable overhead efficiency variance is $1,840 unfavorable

As the standard hours would be less than the actual hours so it would be unfavorable variance

7 0
3 years ago
​"Since transfer payments by government are not associated with the production of goods and services, they are not included in G
rosijanka [135]

Answer:

true                    

Explanation:

The transfer payment comprises of both a donor as well as a receiver, with the sender giving up something that is of worth and receiving anything in return, unlike the swap agreement that equally benefits all the parties concerned.

Transfer payments cover Social Security, Medicaid, unemployment compensation, social programs and assistance. They should not be added in GDP, as they are not payments for goods or services, but rather ways to distribute money for social purposes.

8 0
3 years ago
Read 2 more answers
Ithaca is considering a new $45,000 snowplow that will save the city $400 per day of use compared to the existing one. It should
Yuliya22 [10]

Answer:

a/ 20 days per year on average

b/ The use of road salt to is an effective deicer method. However, it will eventually causes some harmful impact on the environment including but not limited to increasing in water/soild salinity, contamination of public drinking waters, destroy the soild structure and slowly killing of trees and plants. Luckily, there are some other options which are more environment-friendly such as Cheese brine, Sand, Urea, Beet molasses

Explanation:

a/ To evaluate the investment of the new snowplow, denote X is the average amount of saving per a year as the new snowplow is used.

    Consider the average amount of saving as an annuity for the next 12 years, with the discount rate of 14%. The present value (PV) = 45,000 - 2,500/1.14^(-12) =$44,481.1

   Thus, to obtain the rate of return of 14%, PV of the annuity should be equals to $44,481.1 meaning: 44,481.1= (X/14%) x [ 1 - 1.14^(-12)] <=> X = $7858.44

   As one day use would save Ithaca $400, to achieve the targeted saving of $7858.44, the city has to use the snowplow at least 20 days per year ( 7858.44/400)

5 0
3 years ago
Titan Company is being sued for $200,000 and the attorney advises Titan that they will probably lose the lawsuit and is estimate
Harrizon [31]

<u>Answer: </u>a credit to a liability

<u>Explanation:</u>

Credit to liability is recorded when a firm knows that it will loose in its case and it has to pay compensation for the law suit. The payment for the law suit is a liability to the firm.

Titan company's attorney has mentioned that the company would probably lose in the law suit and would have to pay an amount of $200,000. This amount will recorded as the credit to liability in the books of Titan Company.

5 0
3 years ago
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