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Anna11 [10]
3 years ago
12

The sign on the shoe store door said: "Ninety-nine percent of our clients are satisfied customers!" They based this on the comme

nt cards left by customers. What could have happened to make this sample biased?
a. The store clerks only gave comment cards to customers who were smiling when they left the store.
b. Not enough comment cards were returned.
c. The cards were only given to people who bought two pairs of shoes.
d. Not enough comment cards were given out.
Business
1 answer:
Makovka662 [10]3 years ago
8 0

Answer:

Option A

Explanation:

A biased sample is the one in which only that part of a lot is chosen as sample which works  with the decision desired. As for in the given case, the store chooses to receive a review from the customers who are happy.

A smiling face confirms that the person is happy with the store service.

Thus, when we provide them the comment card maximum feasibility is that they shall write back a positive comment about the store service.

In this manner if comment card is not provided to unhappy customers, the opinion formed is a biased opinion.

Final Answer

Only customers with happy faces are given an option to fill the comment card.

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Identify at least four different types of financial statement users and discuss why each would use the financial statements.
GarryVolchara [31]

Answer:

Government authorities :

They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.

Investors :

Current or potential investors would check financial statements to ensure they will suitable returns after investment.

Creditors :

They will check financial statements to make sure they get their due money back.

Employees :

The employees will ask for bonus if the company performance in statements is good,

8 0
2 years ago
The stated interest payment, in dollars, made on a bond each period is called the bond's?
kipiarov [429]

The stated interest payment, in dollars, made on a bond each period is called the bond's <u>Coupon.</u>

Payment is the act of giving or being paid money to someone. He tried to get paid for the amount owed to him. [ + of ] [Also + of] Synonyms: Claim, Payment, Relief, Display Synonyms for payment.

For TDS payments, the relevant payment type is defined by the department along with the relevant tax rate, section, payment code, and threshold. When creating a TDS payment type, you can press Ctrl+C and select the required payment type.

A payment method is how a customer pays for a product or service. Physical stores accept payment methods such as cash, gift cards, credit cards, prepaid cards, debit cards, and mobile payments.

Learn more about Payment here brainly.com/question/2151013

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4 0
1 year ago
If there is a high demand for a product, then production will be__.
Cloud [144]

Answer:

the answer is b. increased

6 0
2 years ago
Read 2 more answers
Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will
sergeinik [125]

Answer:

Under the effective interest method, as a bond approaches maturity, the interest expense decreases while the amortization of the bond premium increases.

Explanation:

E.g. a company issues $800,000 in 8% bonds when the market rate is 7%, so the bonds price is $856,850 (semiannual coupons are paid).

Journal entry to record the issuance

Dr Cash 856,850

    Cr Bonds payable 800,000

   Cr Premium on bonds payable 56,850

amortization of bond premium on first coupon payment:

($856,850 x 3.5%) - ($800,000 x 4%) = $29,989.75 - $32,000 = -$2,010.25 ≈ -$2,010

Journal entry to record first coupon payment:

Dr Interest expense 29,990

Dr Premium on bonds payable 2,010

    Cr Cash 32,000

amortization of bond premium on second coupon payment:

($854,840 x 3.5%) - ($800,000 x 4%) = $29,919.40 - $32,000 = -$2,080.60 ≈ -$2,081

Journal entry to record second coupon payment:

Dr Interest expense 29,919

Dr Premium on bonds payable 2,081

    Cr Cash 32,000

7 0
3 years ago
The Gorman Group issued $970,000 of 13% bonds on June 30, 2021, for $1,042,973. The bonds were dated on June 30 and mature on Ju
omeli [17]

Answer:

Entries are given below

Explanation:

Cash should be recorded as an asset on the issuance of bonds and bonds should be credited as it is a liability for the company. Interest expense should be debited on a semiannual basis

June 30, 2021 ( issuance of bonds)

                                                          DEBIT          CREDIT

Cash                                                 1,042,973

Bonds payable                                                     970,000

Premium on bonds payable                                 72,973

December 31, 2021 ( interest expense)

                                                            DEBIT          CREDIT

Interest Expense                               62,578

(1,042,973 x 12% x 6/12)

Premium on bonds payable               472    

Cash                                                                          63,050

(970,000 x 13% x 6/12)

June 30, 2022 (interest expense)

                                                           DEBIT            CREDIT

Interest Expense                               62,550

(1,042,973-472) x 12% x 6/12)

Premium on bonds payable               500    

Cash                                                                             63,050

(970,000 x 13% x 6/12)

5 0
3 years ago
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