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jekas [21]
3 years ago
7

I want to take a survey of students at my university to find out what proportion like the new bus service on campus. how many wi

ll i need to survey if i want to estimate with 99% confidence the true proportion to within 2% if i believe that 75% of students like the bus service?
Business
1 answer:
laiz [17]3 years ago
5 0

Answer:

N = 3,120 (Approx)

Explanation:

Given:

z- score for 99% confidence = 2.58

Proportion (P) = 75% = 75 / 100 = 0.75

E = 2% = 0.02

Q = 1 - P = 1 - 0.75 = 0.25

Computation:

N = (Z/E)^2 \times pq

N = (2.58/0.02)^2 \times (0.75 \ times 0.25)

N = (129)^2 \times (0.1875)

N = (16,641) \times (0.1875)

N = 3,120.1875

Therefore, N = 3,120 (Approx).

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Cobe Company has already manufactured 19,000 units of Product A at a cost of $25 per unit. The 19,000 units can be sold at this
Dmitriy789 [7]

Answer:

Incremental net income from further processing is  $566,600

Explanation:

First of all, it would be necessary to compute profit from selling the product at cut off point and profit when it is further processed in order to determine whether or not it is worth processing further:

Sales revenue                                        $400,000

cost of production(19,000*$25)            $475,000

Loss from selling                                  ($75,000)

Further processing:

sales revenue

Product B(5200*$108)                       $561,600

Product C(11,000*$55)                       $605,000

Total revenue                                     $1,166,600

total cost

cost of production                              ($475,000)

cost of further processing                 ($200,000)

total costs                                           ($675,000)

Profit                                                    $491600

By further processing the incremental net profit is $566,600 ($491,600-(-$75000)

4 0
2 years ago
According to the cost-push theory , what is responsible for inflation?
Tasya [4]
When resources are low, businesses know that they can increase their prices because people need them desperately.
6 0
2 years ago
Read 2 more answers
On September 1, ABC Company borrowed $50,000 on a 6%, 9-month note payable to XYZ National Bank. Given no previous adjusting ent
scZoUnD [109]

Answer:

c. debit to Interest Expense of $1,000.

Explanation:

The adjusting entry is as follows:

Interest expense Dr ($50,000 × 6% × 4 months ÷ 12 months) $1,000

     To Interest payable $1,000

(Being the interest expense is recorded)

Here interest expense is debited as it increased the expense and credited the interest payable as it also increased the liabilities

Therefore the correct option is c.

7 0
3 years ago
Ben created a site that allows potential customers to fill in their information if they want a free consultation. What did Ben c
Sauron [17]

Answer: the correct answer is call-to-action.

Explanation:

6 0
2 years ago
The difference between a budget and a standard is that:_________.
8090 [49]

Answer:

The answer is A. Standards refer to a company's projected revenues, costs, or expenses

Explanation:

The explanation is the following:

A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.

Standard costing is intensive in appli­cation as it calls for detailed analysis of variances.

In standard costing, variances are usu­ally revealed through accounts.

Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.

8 0
3 years ago
Read 2 more answers
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