Food handlers must remove all objects on their hands and wrist except

Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 t

densk [106]

Answer:

The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.

Explanation:

In statistics, a confidence interval is the probability that the parameter of a population lies between two set of values when a random sample of the population is drawn for a specific percentage of times. This means that the confidence interval is formed about the whole population not the sample from which it is calculated.

The probabilities of a confidence interval can take any number, but 95% and 99% confidence level that are usually used.

It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.

Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."

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4 0

3 years ago

If the natural rate of unemployment _____, the nonaccelerating inflation rate of unemployment _____, and the long-run phillips c

11Alexandr11 [23.1K]

If the natural rate of unemployment falls, the nonaccelerating inflation rate of unemployment falls, and the long-run Phillips curve shifts to the right.

A superb supply stock or a boom in combination supply will cause the Phillips curve to shift to the left. moreover, something that can purpose the overall delivery of products and offerings to increase can shift the Phillips curve to the left. The Phillips curve states that inflation and unemployment have an inverse relationship. higher inflation is associated with decreased unemployment and vice versa.

The Phillips curve was a concept used for manual macroeconomic policy inside the 20th century however become called into question by the stagflation of the 1970s. according to the NAIRU concept, expansionary financial policies will create the best temporary decreases in unemployment as the financial system will regulate the natural fee. moreover whilst unemployment is below the natural fee inflation will accelerate.

Learn more about Phillips curve here:-brainly.com/question/28005556

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5 0

1 year ago

MacHeath Inc. bought 60% of the outstanding common stock of Nomes Inc. in an acquisition that resulted in the recognition of goo

kiruha [24]

Answer:

c) $600,000.

Explanation:

$600,000.00 is the value that will be attributed to land in a consolidated balance sheet at the date of acquisition?

In the acquisition process, assets and liabilities of the business being bought get evaluated to ascertain their true worth. Assets such as land, buildings, and machinery undergo valuation. Their market value or fair value is recorded in the books of the acquiring entity as the actual value of the asset at the time of acquisition.

8 0

3 years ago

The following information describes the investment portfolio of Stevens, Incorporated. All of the securities were purchased on 3

Wewaii [24]

Answer:

a. 3/1/2019

Dr Investment in Tlet Inc $23,000

Dr Investment in Loxat Co $100,000

Dr Investment in Barnes Inc $46,000

Cr Cash $169,000

12/31/2019

Dr Fair value adjustment $41,000

Cr Unrealised holding gain or loss,Net $41,000

5/1/2020

Dr Cash $81,000

Cr Investment in Loxat Co $50,000

Cr Recognized gain on sale $31,000

12)31/2020

Dr Fair value adjustment $15,500

Cr Unrealised holding gain or loss,Net $15,500

b. Fair value adjustment $41,000

Fair value adjustment $15,500

Explanation:

a. Preparation of the Necessary Journal Entries for 2019 and 2020

3/1/2019

Dr Investment in Tlet Inc $23,000

Dr Investment in Loxat Co $100,000

Dr Investment in Barnes Inc $46,000

Cr Cash $169,000

12/31/2019

Dr Fair value adjustment $41,000

Cr Unrealised holding gain or loss,Net $41,000

($169,000-$210,000)

5/1/2020

Dr Cash $81,000

( $81 per share*1,000 shares)

Cr Investment in Loxat Co $50,000

[($100,000/2,000 shares=50 shares)

[($50*1,000 =$50,000)

Cr Recognized gain on sale $31,000

($81,000-$50,000)

12)31/2020

Dr Fair value adjustment $15,500

Cr Unrealised holding gain or loss,Net $15,500

[($119,000-$175,500)-$41,000]

($23,000+$50,000+$46,000=$119,000)

b.Calculation to Complete the fair value adjustment

A. Fair value adjustment =$169,000-$210,000

Fair value adjustment $41,000

B. Fair value adjustment=[($119,000-$175,500)-$41,000]

Fair value adjustment=$56,500-$41,000

Fair value adjustment= $15,500

Therefore the Fair value adjustment will be:

A. $41,000

B. $15,500

4 0

3 years ago

Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the

tiny-mole [99]

Answer:

Sunk cost

Explanation:

-Incremental cost is the total cost of producing an additional unit.

-Sunk cost is a cost that has already been paid and that it is not possible to get it back.

-Out-of-pocket cost is a cost that requires a direct payment in the actual period.

-Opportunity cost is the cost of not receiving a benefit when you choose an alernative over another one.

-Period cost is a cost that is not associated with the production of goods.

According to this, the answer is that the $14 per unit is a sunk cost because the company has already spent that manufacturing the products and it is not able to recover that money.

6 0

3 years ago