Chill/Sleep mode... I think errr
Answer and Explanation:
The three different areas fo VLOOKup is as follows
1. The Primary key which is used for matching up your data for example, employee id, employee address etc
2. The list of lookup that represents the database i.e employees list who are working in an organization
3. the data which is required to match it or shifting the data
Answer:
The correct answer is: Typically, some resources are better suited for producing one good than another, which means that there are diminishing returns when moving such resources away from producing what they are best suited for.
Explanation:
A production possibility curve shows the different combinations of two goods that can be produced using all the given resources. Since resources are scarce, to increase the production of one good we need to decrease production of the other.
But resources are specialized and cannot be perfectly substituted between their two uses. So as we go on increasing production of one good the opportunity cost of sacrificing its alternative goes on increasing.
Because of this increasing opportunity cost the shape of the frontier is downward sloping, bent outwards and concave to the origin.
Answer:
Warranty Expense (Debit) $3,960
Warranty Liability (Credit) $3,960
Explanation:
The principle we apply while making entries for standard warranty is this:
The <u>estimated amount of warranty expense</u>, <em>which a company founds as a percentage of its sales from historical claims and data</em>, is taken as benchmark to accrue the warranty expense in the period when the sale is made <em>(matching principle) .</em>
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In our question, 4.5% is the estimated warranty expense.
The company then sets off the estimated warranty expense (Debit)
(<em>4.5% * $88,000 = $3,960</em>)
with the warranty liability (Credit) to entertain any claims in future.
It would most likely violate assumption of normality
Under assumption of normality, we will assume that all variables that relevant to our observation are distributed normally.
Skewed distribution happens when there is an imbalance/anomaly in the distribution, so it will violate the assumption.
