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Alenkinab [10]
3 years ago
13

Identify the steps to conducting a simulation in the correct order. (1 point) state the problem or question, state the assumptio

ns, assign digits to represent outcomes, simulate many repetitions, state conclusions state the problem or question, assign digits to represent outcomes, state the assumptions, simulate many repetitions, state conclusions state the problem or question, assign digits to represent outcomes, simulate many repetitions, state the assumptions, state conclusions state the problem or question, state the assumptions, simulate many repetitions, assign digits to represent outcomes, state conclusions multiple choice
Business
1 answer:
NeTakaya3 years ago
6 0

<span>Simulation is an imitation of a situation or a chance behavior that accurately reflects the situation under consideration. </span>

<span>Steps in  conducting a simulation in the correct order (first choice)</span>

• State the problem or question

• State the assumptions,

<span>• Assign  digits to represent outcomes,
• Simulate many repetitions
• State your conclusions</span>

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MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor co
MAXImum [283]

Answer:

$1.60 per direct labor hour

Explanation:

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

hence,

Overhead application rate  = $364,800 ÷ $228,000

                                             = $1.60 per direct labor hour

6 0
3 years ago
Vogel Corporation's cost of goods manufactured last month was $136,000. The beginning finished goods inventory was $35,000 and t
rosijanka [135]

Answer:

117,000 adjusted COGS

Explanation:

$$Beginning Inventory + Manufactured = Ending Inventory + COGS

35,000 + 136,000 = 48,000 + COGS

COGS = 123,000 before adjustment

overapplied overhead for 6,000

This means the applied is higher than actual expenses, the cost is 6,000 lower we must decrease the COGS

123,000 - 6,000 = 117,000 adjusted COGS

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3 years ago
"interest payments are payments made – current owners of –. because these payments are determined by the level of government – a
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5 0
4 years ago
Read 2 more answers
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. Holding all else constant, th
PtichkaEL [24]

Answer:

b. decrease Amazon sales

Explanation:

Note: <em>"</em><em>Options the question is attached as picture below"</em>

In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. If we hold all else equal, the effect of this tax would be <u>to decrease Amazon Sales</u> In the District of Columbia.

This action will consequentially increase the sales in local Market and then discourage online shopping along with it In Columbia district; it will decrease sales overall.

5 0
3 years ago
Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received the following notes: Date Face
Alla [95]

Explanation:

The computation of given question is shown below:-

A.

Note  Due date      Calculation                         Amount

1.         13 Feb        $33,000 × 30 ÷ 360 × 4%       $110

2.      23  Apr        $60,000 × 45 ÷ 360 × 7%       $525

3.       10 Oct          $48,000 × 90 ÷ 360 × 5%       $600

4.       6 Nov           $16,000 × 75 ÷ 360 × 6%       $200

5.       14 Jan          $36,000 × 60 ÷ 360 × 8%      $480

6.      8 Feb            $24,000 × 60 ÷ 360 × 6%       $240

B. 10 Oct

Accounts receivable Dr,             $48,600

                To Interest revenue                            $600

                 To Notes receivable                            $48,000

(Being dishonor of notes receivable is recorded)

C. 31 Dec

Interest receivable                   $452

             To Interest revenue                $452

(Being Interest accrued on notes is recorded)

Note:- Accrued interest = ($36,000 × 8% × 46 ÷ 360) + ($24,000 × 6% × 21 ÷ 360)

= $368 + $84

= $452

D.

a. 14 Jan

Cash Dr,                            $36,480

   To Interest receivable               $368

    To Interest revenue                  $112

     To Notes receivable                $36,000

(Being notes and matured honored is recorded)

b. 8 Feb

Cash Dr,                          $24,240

    To Interest receivable                $84

    To Interest revenue                    $156

     To Notes receivable                  $24,000

(Being notes and matured honored is recorded)

Note 5:- Interest revenue = Interest receivable - Interest accrued

= $480 - $368

= $112

Note 6:- Interest revenue = Interest receivable - Interest accrued

= $240 - $84

= $156

5 0
3 years ago
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