Answer:<u><em> Lower limit = 88.1</em></u>
<u><em>Upper limit = 126.1</em></u>
Explanation:
Given :
Sample mean = = 107.1
Sample standard deviation = s = 30.7
Sample size = n = 9
∴ Degree of freedom = = n - 1 = 8
∝ = 1 - confidence interval = 1 - 0.90 = 0.10
= 0.05
From t-distribution table;
= 1.860
∴ Margin of error(MOE) = ×
= 1.860×
=19.03
<u><em>∴ Lower Limit = 107.1 - 19.03 = 88.1</em></u>
<u><em>Upper limit = 107.1 + 19.03 = 126.1</em></u>
The impact on the order of the quantity will be able to get a 40% higher. It is because if the mickey and mouse cat food factory runs the marketing campaign to the delight order surge twice to their previous level and their operation manager uses the EOQ or the Economic Order Quantity, it is able to minimize the ordering cost and the total of the holding costs, producing an order quantity of 40% higher.
Answer:
The correct answer is letter "D": the growth of consumption is likely to remain sluggish even as the economy begins to recover.
Explanation:
If in an economy the household debt increases it is typically caused because of long-term investments like mortgage payments. As a result, the amount of disposable money of the households will decreases which will cause consumption in the overall market will move slowly, regardless the economy is recovering or not.
Answer:
BUCKEYE INCORPORATED
General Journal:
No Date Description Debit Credit
1 November 01
Cash $11,000
Common Stock $11,000
To record the issue of common stock for cash.
2. November 02
Equipment $1,500
Long-term Note Payable $1,500
To record the purchase of equipment from Spartan Corporation.
3. November 04
Supplies $1,100
Accounts Payable $1,100
To record the purchase of supplies on account.
4. November 10
Accounts Receivable $7,000
Service Revenue $7,000
To record the provision of services to customers on account.
5. November 15
Accounts Payable $1,200
Cash Account $1,200
To record the payment to suppliers on account.
6. November 20
Salaries Expense $1,000
Cash Account $1,000
To record the payment of salaries for the first half month.
7. November 22
Cash Account $9,000
Service Revenue $9,000
To record the provision of services to customers for cash.
8. November 24
Long-term Notes Payable $600
Cash Account $600
To record the payment on note to Spartan Corporation.
9. November 26
Utilities expense $1,200
Cash Account $1,200
To record the payment for gas and electricity for November.
10. November 30
Rent expense $3,000
Cash Account $3,000
To record the payment of rent for November.
Explanation:
General Journals: Buckeye Incorporated can use the general journal to record its business transactions as they occur on a daily basis. It shows the accounts involved in the transaction and the accounts to be debited and credited as the case may be.
In a perfectly competitive market, every seller takes the price of its product as set by market conditions.
<h3>
What is a Perfect Competitive Market?</h3>
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.
Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.
<h3>What are some examples of Perfectly Competitive Markets?</h3>
3 Perfect Competition Examples
- Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.
- Foreign Exchange Markets: In this market, traders exchange currencies.
- Online shopping: We may not see the internet as a distinct market.
Thus, we can say that the correct option is B.
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