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Allisa [31]
4 years ago
5

Suppose we want to estimate household size, where a “household” is defined as people living together in the same dwelling, and s

haring living accommodations. if we select students at random at an elementary school and ask them what their family size is, will this be a good measure of household size? or will our average be biased? if so, will it overestimate or underestimate the true value?
Business
1 answer:
icang [17]4 years ago
5 0
Asking the elementary students how big their family size is should give a fairly good picture of how many people live under the same roof for their family. Since it is for elementary students chances are that most of the child's siblings would still be at home, though some could be college age and not live at home anymore. Also, though  with the high divorce rate that has been evident at least in the 80's and 90's in North America, some members of the family ie fathers or mothers and some siblings may live in another household. 
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All of the following statements regarding long-term liabilities are true except? Multiple Choice Long-term liabilities include l
Zigmanuir [339]

Answer:

Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.

Explanation:

As we know that

Balance sheet is classified into three types i.e assets, liabilities and the stockholder equity      

The liabilities are further categorized into current liabilities and long term liabilities

In the case of long term liabilities they do not contain a fixed due date and are payable on demand basis and the same is to be reported as a long term liabilities in the balance sheet    

7 0
3 years ago
Suppose that Steve, one of the partners in a home improvement company, intends to dissolve the partnership. Before he can give n
bija089 [108]

Answer:

still be liable for Hala's contract.

Explanation:

Any contract entered into by any of the partners, before the dissolution of a partnership business is deemed legal hence binding on the partners. This means that the partners will still be liable for the new contract in line with their partnership status.

Although, before a partnership business can be dissolved, at least one of partners must give a notice of intent. If in the process of giving the notice, another member enters in a new contract, such will be valid and partners will still be held liable because the business has still not been dissolved in the eye of the law.

Any contract entered into by any partner in a partnership business aftet dissution becomes illegal hence not binding on other members.

6 0
4 years ago
What type of insurance is a hailstorm​
kenny6666 [7]

Answer:

If you only purchased liability only coverage on your car insurance policy, you would not be covered for a hail damage claim. Liability coverage only protects you from damage that you cause with your vehicle to others.

Explanation:

it is an insurance if your car is broke by hail

5 0
3 years ago
Read 2 more answers
The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the​ assemblies, the XOminus​01, h
Molodets [167]

Answer:

$1,975 per year

Explanation:

The first step is to calculate Economic order quantity using the following formula:

Economic Order Quantity = √2DO / H  

Here

A is Annual Demand which is 12,000 Units.

O is Ordering Cost per order $650 per order.

H is Holding or Carrying Cost per unit per year is $30 per unit per year.

By putting values, we have:

Economic Order Quantity = √(2 * 12,000 * $650) / 30 = 131.66 units

Now annual inventory holding costs can be calculated using the following formula:

Inventory Holding Cost = Average Inventory * Holding Cost

Here,

Average Inventory = EOQ /2 = 131.66 / 2 = 66 units  

By putting values we have:

Annual Inventory Holding Cost = 66 * 20 = $1,975 per year

5 0
3 years ago
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw m
daser333 [38]

Answer:

Profit for Kansas City = $376,375

Explanation:

a) Data and Calculations:

                                                           Omaha               Kansas City

Expected annual demand (units)        9,800                  11,625

Annual fixed costs                         $1,000,000          $1,100,000

Variable cost per unit $30 $45       $294,000             $523,125

Total cost                                       $1,294,000           $1,623,125

Revenue                                        $1,685,600          $1,999,500

Profit                                                 $391,600             $376,375

From the above differential analysis, it appears that locating in Omaha would be better and more profitable than locating in Kansas City for the company.  This is based on the fact that more profit ($15,225) will be generated with Omaha location than locating in Kansas City.

6 0
3 years ago
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