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3 years ago

If small samples can reveal something that large samples might not, why not just take small samples in every situation?

1 answer:

swat323 years ago

8 0

Taking small samples in every situation is not always appropriate. If the populations are very large, you cannot just take small samples because it will not represent the entire population. Small samples are usually for verifications purposes that is the reason why it can detect some errors that the larger samples cannot.

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estion. 10. Leticia walks down stairs, alternating her feet. Leticia is probably _______ year(s) old. A. four B. two C. one D. t

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D. Three years old that is the correct answer

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3 years ago

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Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he

Ratling [72]

Answer:

Relative responsiveness of consumer to change in price is called elasticity of demand.

Elasticity of demand here is 7.

Demand is highly elastic.

Cutting the price from $1.25 to $0.75, total revenue remains same as the elasticity of demand does not change.

Explanation:

Percentage change in quantity demanded due to percentage change in price.

Elasticity of demand=% change in quantity demanded/percentage change in price.

Small change in price caused a huge change in quantity demanded.

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3 years ago

he following information was drawn from the accounting records of Chapin Company. On January 1, Year 1, Chapin paid $56,000 cash

ololo11 [35]

Answer:

a. Record the year-end adjusting entry for depreciation expense on the truck in T-accounts.

December 31, 202x, accrued depreciation expense on truck

Dr Depreciation expense 10,000

Cr Accumulated depreciation - truck 10,000

b. Determine the book value of the truck that will appear on the December 31, Year 1, balance sheet.

Truck $46,000

c. Record the year-end adjusting entry of uncollectible accounts expense.

December 31, 202x, allowance for doubtful accounts

Dr Bad debt expense 16,000

Cr Allowance for doubtful accounts 16,000

d. Determine the net realizable value of receivables that will appear on the December 31, Year 1, balance sheet.

Accounts receivable $52,000

Explanation:

truck's depreciation expense straight depreciation = ($56,000 - $6,000) / 5 years = $10,000 per year

accounts receivable balance December 31 = $68,000

allowance for doubtful accounts = $0

total sales on account = $320,000

5% of credit sales are uncollectible

accounts receivable = $68,000 - $16,000 = $52,000

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3 years ago

Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning

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Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold = $548,600

Beginning inventory of the year = $31,283

Ending inventory of the year = $35,538

Now,

the Inventory turnover ratio is calculated as;

⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )

Also,

Average inventory of the year = $\frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}$

= $\frac{\$31,283+\$35,538}{\textup{2}}$

= $33,410.5

Therefore,

Inventory turnover ratio = $548,600 ÷ $33,410.5

= 16.42

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3 years ago

Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following da

just olya [345]

Answer:

$32,160.00

Explanation:

Each of the expenses would be allocated as follows:

Advertising expense = (300,000/1,000,000) × 30,00 =9,000

Rent ( 3400/10,000 24000) × 24,000 = 8,160

Administrative expenses (8/24 × 45,000) = 15,000

Total expense allocated to Department B

= 9000+ 8160 + 15000

= $32,160.00

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3 years ago

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