Since 1884, climate records have been kept, and they show that Philadelphia experiences an average yearly snowfall of 22.3 inches. An illustration of descriptive statistics is this value.
<h3>
What is descriptive statistics in statistics?</h3>
The fundamental characteristics of a dataset identified in a particular study are described, illustrated, and summarized using descriptive statistics. The summary provides details on the data sample and its measurements. Analysts will understand the data more readily as a result.
<h3>
What can we conclude from descriptive statistics?</h3>
The features and value distribution of one or more datasets are summarized using descriptive statistics. The central tendency and degree of value dispersion in datasets can be quickly viewed by analysts using the traditional descriptive statistics.
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Answer: 200 units
Explanation:
Beginning inventory 80 units.
Company Purchases <u>480 units</u>
Total 560 units
Sales <u>(360 units)</u>
Ending Inventory 200 units
200 units remain in Ending inventory.
Losing they're investment dollars. calculating the cost of production.
According to the investment model there should be a degree of satisfaction in the relationship to have stability. But Dave doesn't have that commitment which means he is not satisfied with his relationship. This led him to be attracted with other women he worked with. He felt that these women showed interest to him and he thought of this can be the opportunity to find someone else. This is his alternative to find satisfaction that he is looking for.
Answer:
c. $ 95,000 $ 0
Explanation:
<u>Calculation of cost of land acquired</u>
For the purpose of recording of land acquired in the books of accounts, the accounting values of consideration paid shall be considered as per the generally accepted accounting principles as well as as per International accounting standard (IAS) - 16 'Property, plant and equipment'. Hence the land shall be recorded as per the following amounts:
Consideration paid in cash (A) = $ 5,000
Consideration in kind (land) (B) = $ 90,000 (Refer Note 1)
Total cost of new land (A+B) = $ 95,000
<em>Note 1</em>
Fair value is irrelevant for the purpose of capitalization of asset (IAS-16)
<u>Calculation of Gain/loss on disposal of land</u>
No gain/loss needs to be recorded as the new asset shall be recorded in terms of the book value of old asset (i.e. net impact is already taken into account during the exchange transaction)
