Historical cost is the basis advocated for recording the acquisition of property. True or False

The ability of an interval estimate to contain the value of the population parameter is described by the

andre [41]

Answer:

confidence level

Explanation:

The confidence level refers to the statistical probability that the value of a population sample lies between a specific range of values (confidence interval).

For example when you say that your research has a 95% confidence level, it means that you are 95% that your population's mean fall within the confidence interval.

Statistics are never 100% exact since you cannot research the whole population, but usually a 95-98% confidence level is considered very secure, except election polls.

4 0

3 years ago

What is this form used for? to withdraw money from a savings account to deposit money in a savings account to order checks open

snow_lady [41]

Answer:The answer is passbook

Explanation:

savings Account is the most common form of bank account for the low income earners, The main objective of savings account is to encourage people to form a habit of savings. This type of bank account is operated with the use of passbook and interest is paid to the owners of this account. The amount used in opening a savings account vary from banks to banks, the interest payable on the account to owners of the account also varies from banks to banks.

This account has two maximum number of times in a month that the owners can withdraw money from the account, if withdrawals are more than twice in a month, it means the owners is operating it like current account and will therefore not attract any interest in that month.The interest on this type of account is calculated either monthly,quarterly, or yearly.

7 0

4 years ago

How do business intelligence tools present data from a data warehouse?

zubka84 [21]

Business Intelligence is the application of tools to improve the decision making and allows access to the information.

Explanation:

Business Intelligence collect the data and then analyse that data to interpret the next step the business should take in order to flourish.

Data Warehouse stores all the data which needs to be analyzed in a summary form for the organisation to quickly access it.

Data Warehouse is one of the steps of business intelligence which generate an accurate, aggregate data for the BI to analyze.

6 0

3 years ago

A monopolist sells in two geographically divided markets, the East and the West. Marginal cost is constant at $50 in both market

noname [10]

Answer:

A) QE = 400, PE = 250

QW = 325, PW = 375

b) east market has more elastic market demand

Explanation:

Given data :

Marginal cost = $50 ( both markets )

demand and marginal revenue in each market are given differently

a) Determine/find the profit-maximizing price and quantity in each market

For east market :

50 = 450 - QE

hence QE = 450 -50 = 400

since QE = 400 ( quantity for east market )

400 = 900 - 2PE

PE = 250 ( PROFIT maximizing price for east market )

For west market

50 = 700 - 2QW

Hence QW = 325

since QW = 325

325 = 700 - pw

PW = 375

B) The market in which demand is more elastic is the east market because the quantity demanded is higher and also the profit maximizing price is lower as well

5 0

4 years ago

The Breeze trading company discloses the following information for the month of August 2016.

s344n2d4d5 [400]

Answer:

Periodic system: FIFO ; COGS= $11400, closing inventory = $7700, gross profit=$14000. LIFO = closing stock= 6600, COGS=$12500, gross profit=12900.

perpetual system: FIFO ;COGS=11400, closing stock= $7700, gross profit= $11400. LIFO ; COGS=$12500, closing stock= $6600, gross profit = $12900

Reason for a higher gross profit in FIFO than LIFO is some of the stock ends up not being sold as they are maybe old, out-fashioned, and obviously new trend come about everyday.

Explanation:

PERIODIC

DR purchases account CR

11-Aug bank 9600 inventory 16100

20-Aug bank 6500

16100 16100

FIFA cost of sales

opening balance 3000

purchases 16100

closing 7700

cost of sales 11400

gross profit 14000

sales 25400

cost of sales 11400

closing inventory 7700

200 units from 11 aug 1200

1000 units from 20 aug 6500

LIFO

closing balance 6600

600 units from 01 aug 3000

600 units from 11 aug 3600

Cost of sales

opening stock 3000

purchases 16100

closing stock 6600

cost of sales 12500

gross profit 12900

sales 25400

cost of sales 12500

perpetual inventory system

FIFA

cost of sales 11400

10-Aug 2000

15-Aug 5800

27-Aug 3600

3 0

4 years ago