Answer:
Approach is the correct answer.
Explanation:
Answer: 27,200 units
Explanation:
The ending inventory is calculated as;
Desired Ending Inventory = Beginning Inventory + Inventory produced - Sales in the quarter
(40,000 * 20%) = 3,600 + Inventory produced - 22,800
Inventory produced = 8,000 - 3,600 + 22,800
Inventory Produced = 27,200 units
Answer: The answer is a GPA and gender
Explanation:
statistics is a numerical science which deals with the process of collecting, classifying ,analysing and interpreting numerical data. It is based on the following elements which are
Data collection : This is the process of gathering raw data to be measured which can be collected by means of interviewing, observation, questionnaire.
Data classification : This is the process of arranging data into classes based on their relationship to each other.It includes the grouping of the data in order to establish the basis of the proposed studies.
Data Analysis : This is the method of getting out the essential facts from the collected data.this can be achieved through the use of frequency distribution tables, measures of dispersion, percentages, correlation coefficient, t- test and so on
Data interpretation : This is the process of interpreting the collected data in order to determine the kind of relationship that exist between two or more variables. It consists of those method by which judgement are formed one of them is the t- test which can be described as the method of determining the difference between the mean of two variables. While a two sample t - test is the method used to know the difference between the mean of two independent population. Therefore in terms of cases above the two sample t - test would be appropriate to examine the relationship between the two variables of GPA and gender
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
In conclusion, it's very important that governments receiving federal grants and contract funds have an accounting information system with adequate internal controls capable of delivering reliable information to compare the actual amount spent with budgeted amounts.
Explanation:
The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.
Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.
As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.
