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3 years ago

Why are publicly traded corporations required to release financial reports on a regular basis?

Business

1 answer:

sergiy2304 [10]3 years ago

7 0

The correct answer is A.

In a corporation the shareholders are the owners. They are required to release the financial reports because they are entitled to transparency and need them in order to base their investment decisions on their contents.

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You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. how man

hram777 [196]

Recall that margin of error is given by:

$M=z_{\alpha/2}\sqrt{ \frac{p(1-p)}{n}} \\ \\ \Rightarrow\frac{M^2}{\left(z_{\alpha/2}\right)^2}= \frac{p(1-p)}{n} \\ \\ \Rightarrow n= \frac{\left(z_{\alpha/2}\right)^2p(1-p)}{M^2}$

Given that you want to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

This means that $z_{\alpha/2}=1.96$ and M = 2.5% = 0.025.

Part A:

When nothing is known about the percentage of persengers who prefer aisle seat, we make use of p = 50% = 0.5.

Thus,

$n=\frac{1.96^2\times0.5\times0.5}{(0.025)^2}= \frac{0.9604}{0.000625} =1,537$

Therefore, 1,537 randomly selected air passengers must be surveyed to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

Part B:

Given that recent surveys surgest that about 38% of all air passengers prefer an aisle seat, thus p = 38% = 0.38

Thus,

$n=\frac{1.96^2\times0.38\times0.62}{(0.025)^2}= \frac{0.9051}{0.000625} =1,449$

Therefore, 1,449 randomly selected air passengers must be surveyed to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

6 0

4 years ago

Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The char

kramer

Explanation:

Second Quarter Sales budget

Forecasted Physical Exam. (Basic at $95 per exam and Extended at $150)

July

Basic > 240 =95*240=23,040

Extended > 165 = 150*165=25,200

August

Forecasted Physical Exam.

Basic > 250 = 95*250=23,750

Extended > 215 =150*215=32,250

September

Forecasted Physical Exam.

Basic > 80 =90*80 =7,200

Extended > 90 =150*90 =13500

Total Gross Sales

Basic=$53,990

Extended=$70,950

3 0

4 years ago

____________ is a process of explaining the purposes and methods of the research after a study has been completed.

Colt1911 [192]

Debriefing is the process that is directed in mental research with human subjects after an investigation or study has been finished up. It includes an organized or semi organized meeting between the specialist and the subjects whereby all components of the investigation are talked about in detail.

5 0

4 years ago

On January 1, Five Star Services has the following balances: Accounts Receivable $ 28 comma 000 (debit) Bad Debts Expense $ 0

jeka94

Answer:

At the end of January, the balance of Accounts Receivable is $ 59,000.

Explanation:

Given that,

Accounts Receivable - $ 28,000 (debit)

Bad Debts Expense - $ 0

Credit sales - $ 140,000

collections of credit sales - $ 90,000

Write minus offs - $ 19,000

Under write minus off method, the chances of bad debts is high which is important to recognized while doing the calculation of accounts receivable.

The balance of accounts receivable is computed below:

= Beginning balance of accounts receivable + credit sales - collection of credit sales - write minus off

= $ 28, 000 + $ 140,000 - $ 90,000 - $ 19,000

= $ 59,000

Thus, at the end of January, the balance of Accounts Receivable is $ 59,000

4 0

3 years ago

Selected condensed data taken from a recent balance sheet of Heidebrecht Inc. are as follows. HEIDEBRECHT INC. Balance Sheet (pa

Anuta_ua [19.1K]

Answer:

Explanation:

Working Capital:

Working Capital represents the capital available to an organisation to run its day to day expenses.

Formula= Current Assets-Current Liabilities

Total Current Assets= $45,210,000

Total Current Liabilities= $40,020,000

Working Capital= 45,210,000-40,020,000= $‭5,190,000‬

Current Ratio

This measures an organisation's ability to meet its financial obligations due within a year

Formula= Current Assets÷ Current Liablities

= 45,210,000÷40,020,000

= 1:13

Acid-test Ratio

The acid-test ratio is also known as the Quick Ratio. It represents a company's measure of liquidity and it indicates the company's ability to cover its short-term liabilities through its short-term Liquid (easily converted to cash) Assets.

Formula: (Current Asset-Inventory-Other Current Assets)÷ Current Liabilities

Current Asset- Inventory= 45,210,000-14,570,000-5,430,000= ‭25,210,000‬‬

Acid-test Ratio= ‭25,210,000‬÷ 40,020,000=0.63

Note: Other Current Assets were also deducted because we cannot easily decide whether they can be quickly or easily converted to cash or not.

7 0

3 years ago