Answer:
$3
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
Shortage = $12 - $9 = $3
Answer:
(B) Post-closing trial balance
Explanation:
after the closing entries, the temporary accounts are closed. It will only disclosure the permanent accounts, which are the assets, liabilities and equity of the business.
The unadjusted TB will be before adjusting entries and closing entries.
The adjusted TB will be before the closing entries, it wil include both, temporary and permanent accounts
The worksheet is an auxiliary paper to create the financial statements.
The general ledger compiles each account balance and transaction related to each account to determiante this balance.
Answer:
a) 0.118.
Explanation:
The computation of the UCL is shown below:
Given that
N = 100
<u>Sample Sample size Number of retests fraction defective </u>
1 100 4 0.04
2 100 11 0.11
3 100 6 0.06
4 100 10 0.1
5 100 4 0.04
6 100 6 0.04
7 100 1 0.01
8 100 6 0.06
9 100 9 0.09
10 100 11 0.11
Total 1,000 68
Now p is
= 68 ÷ 1000
= 0.068
Now the standard deviation is
= √p(1 - p) ÷ √n
= √0.068 × (1 - 0.068) ÷ √100
= 0.025
Now the UCL is
= p + z × standard deviation
= 0.068 + 2 × 0.025
= 0.118
Explanation:
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Answer:
Foley will probably win because he didn't do anything wrong, and he had an implied employment contract with Interactive that stated that he could be fired only after a seven step pre-termination procedure. The handbook guidelines that were given to Foley represent the implied contract, and management assured him that that his performance was adequate.
