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3 years ago

The set of all possible sample points (experimental outcomes is called

2 answers:

5 0

The set of all possible sample points [experimental outcomes] is called the sample space.

Sample spaces most commonly have similar characteristics that intended to be researched for its correlation with specific outcomes. For example, the research to how a group of elementary students (sample space) react to an ads that done by a scary clown

AysviL [449]3 years ago

4 0

The set of all possible sample points [experimental outcomes] is called the sample space.

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Last week, a gift shop’s employees heard their longtime store manager announce that she is leaving. Now they’ve read an announce

MissTica

Answer: Uncertainty

Explanation: In simple words, uncertainty refers to a situation under which an individual or an entity is not sure about their belief or decision regarding a particular subject matter.

In the given case, the employees of the store are unknown to the reality of how the new manager will be.

Hence from the above we can conclude that the above case demonstrates uncertainty.

6 0

3 years ago

Select the correct answer. What does brand awareness of a product mean? A. the likelihood of a customer recognizing a brand amon

max2010maxim [7]

I believe the correct answer is D. Don’t hate me if I’m wrong

4 1

3 years ago

Prepare adjusting entries for the following transactions.

g100num [7]

Answer:

1. Debit Depreciation expense $1,340

Credit Accumulated depreciation $1,340

2. Debit Interest expense $275

Credit Accrued Interest $275

3. Debit Supplies expense $450

Credit Supplies Account $450

4. Debit Unearned Service revenue $3,100

Credit Service revenue $3,100

5. Debit Salaries expense $900

Credit Accrued Salaries $900

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,

Depreciation = (Cost - Salvage value)/Estimated useful life

It is recorded by debiting depreciation and crediting accumulated depreciation.

When interest is incurred as an expense but yet to be paid, it will be accrued for by Debiting Interest expense and crediting accrued Interest. The same applies to salaries incurred but yet to be paid.

When Supplies is purchased, Debit supplies and credit Cash/Accounts payable. As Supplies are used up, debit supplies expense (with the amount used) and Credit Supplies account.

Amount of supplies used up = $550 - $100

= $450

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

Debit Cash account and Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

Earned revenue = $4,000 - $900

= $3,100

5 0

3 years ago

Suppose that Par, Inc., management encounters the following situations:

Anna11 [10]

Answer:

[a]. 10560, [b]. 14160, [c]. 7668.

Explanation:

[a]. In order to be able to solve this particular question we have to consider what is known as LINEAR PROGRAMMING.

We have the assumption that the function to be equals to 10A + 9B. The first step that we need to take here is to find the constraint for the linear programming relaxation which is;

1/2A + 5/6B $\leq$ 600.

1/10A + 1/4B $\leq$ 135. Thus, A $\geq$ 0 and B

With the help of excel solver and graphs, that we have the profit at $18 we are going have the value of A =300 and B =420. Therefore, the optimal solution = [300,420].

Thus, we have the objective function value to be = 10,560. [that is 10 * 300 + 420 * 18}.

[b]. For option b, where the profit increases to $20, the optimal solution lies on A =708 and B =0. Hence, objective function value = 14,160[ that is 20 * 708 + 0].

[c]. Here, there is increase in the sewing operation capacity to 750 hours. Therefore, we will have the value of A = 540 and B = 252.

Thus, the objective function value = 7668.

8 0

3 years ago

X Company purchased a patent on January 3, year 7 from Y Company for $145,000. An attorney drew up the contract between X &

Setler79 [48]

Answer:

The carrying value of the patent on X company on December 31 is $122,000

Explanation:

Computing the carrying value of the patent is as:

The total cost of the patent which will be recognized is as:

Total cost of patent = Purchased cost + Attorney value

where

Purchase cost is $145,000

Attorney cost will be divided into 2, so

Attorney cost = $15,000 / 2

= $7,500

So,

Total cost of patent = $145,000 + $7,500

Total cost of patent = $152,500

Now, amortize the patent over the useful life of patent as:

Amortize value = Patent cost / Useful life

Amortize value = $152,500 / 10

Amortize value = $15,250

But X held the patent for 2 years, so its accumulated amortization is:

Accumulated amortization = Amortize value × 2

= $15,250 × 2

Accumulated amortization = $30,500

Now, the carrying value will be:

Carrying value = Total cost of patent - Accumulated depreciation

Carrying value = $152,500 -$30,500

Carrying value = $122,000

5 0

3 years ago