Given that a<span>
particular city has an asian population of 1419 people, out of a total
population of 23,609.
To conduct a goodness of fit test at the 5% level to
determine if the self-reported sub-groups of asians are evenly
distributed.
Since, the parameter of interest is 'if the self-reported sub-groups of asians are evenly distributed', thus the null hypothesis is "the
self-reported sub-groups of asians are evenly distributed".</span>
Answer:
73,450 COGS
Explanation:
From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.
This will be the total cost available for sale.
Then we subtract the ending inventory to get the COGS
27,000 beginning inventory
+ 78,000 purchases
+ 350 freight-in
- 3,900 return and allowance
<u>- 6,000 </u>discount
95,450 good available for sale
<u>- 22,000 </u>ending inventory
73,450 COGS
The sales return impact the sales revenue not the COGS
Answer:
The profit motive
Explanation:
Although the <em>profit motive</em> is essential and common among all businesses that exist, it is by nature anti-competitive, meaning it is not a trait used to create substantial competitive advantage. It is a notion that will certainly not attract customers. However, it is always present (and most customers know that), but the profit motive will never be communicated through mrketing activities etc.
Answer: 48%
Explanation:
Based on the information given, the average rate of return will be:
= (Average return) / (Average Investment) x 100
where, average return will be:
= ($240000 × 4)/4
= $240000
Then, annual averay rate of return will be:
= $240000/$500000 × 100
= 48%
Answer: $26,000
Explanation:
Ending Inventory = Beginning Inventory + Units to be produced - Sales
18,000 = 15,000 + Units to be produced - 23,000
Units to be produced = 18,000 + 23,000 - 15,000
Units to be produced = $26,000
