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alex41 [277]
3 years ago
15

Which of the following would not be considered an analytical procedure? Projecting a deviation rate by comparing the results of

a statistical sample with the actual population characteristics. Converting dollar amounts of income statement account balances to percentages of net sales for comparison with industry averages. Developing the current year’s expected net sales based on the sales trend of similar entities within the same industry. Estimating the current year’s expected expenses based on the prior year’s expenses and the current year’s budget.
Business
1 answer:
mylen [45]3 years ago
8 0

Answer:

Projecting a deviation rate by comparing the results of a statistical sample with the actual population characteristics is the correct answer.

Explanation:

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Divine Apparel has 3,100 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st
Naya [18.7K]

Answer:

1.

                                                                              Debit                         Credit

Retained Earnings ($0.75*3,100)                         $2,325

Dividend payable                                                                                    $2,325

2. "No Journal Entry Required"

3.

                                                                              Debit                         Credit

Dividend payable                                                 $2,325

Cash                                                                                                        $2,325

Explanation:

The following journal entries will be required to be made

1. Recording declaration of dividend

The Divine Apparel shall record the the following journal entry on October 1 in respect of dividend declared by it.

                                                                              Debit                         Credit

Retained Earnings ($0.75*3,100)                         $2,325

Dividend payable                                                                                    $2,325

2.Record the entry on date of record

"No Journal Entry Required"

3.Record the payment of cash dividends

The Divine Apparel shall record the the following journal entry on October 31 in respect of dividend paid by it.

                                                                              Debit                         Credit

Dividend payable                                                 $2,325

Cash                                                                                                        $2,325

7 0
3 years ago
The process of determining who is the​ best, who sets the​ standards, and what those standards​ are, is known as​ ________.
Sloan [31]

Answer:

The correct answer is B. benchmarking.

Explanation:

Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.

It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area we want to improve and study their strategies, methods and techniques for post

5 0
2 years ago
Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 and Rasheed is willing
Romashka [77]

Answer:

Mark's individual consumer surplus is $10.

Explanation:

Mark and Rasheed are at the bookstore buying new calculators for the semester.

Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.

The price for a calculator at the bookstore is $65.

The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.

Mark's individual consumer surplus

= Price mark was willing to pay - Price he actually has to pay

= $75 - $65

= $10

4 0
3 years ago
If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and
IceJOKER [234]

Answer:

Sensory retailing.

Explanation:

If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and rolling pins they are engaging in sensory retailing.

In marketing, sensory retailing can be defined as a strategic process which involves the creation of an atmosphere that attracts potential customers and has a positive influence or effect on them.

Generally, sensory retailing involves the process of appealing to the customer's taste, smell, sight, tactile, and olfactory senses, thus, affecting their perception, judgment and behavior positively.

<em>Hence, when properly designed, harnessed and applied, it boost purchasing behaviors, increases sales revenues, improve customer loyalty, and enhances good vibes or mood among end consumers</em>.

5 0
3 years ago
One characteristic of a just-in-time (JIT) inventory system is that :_______
skad [1K]

Answer:

d. parts enter the manufacturing process immediately; they are not warehoused.

Explanation:

The Just in Time inventory system is one where the management of a business increases efficiency and reduces inventory cost by obtaining raw materials for the production process just as they are needed.

This implies warehousing of unused raw materials is at a minimum. Thereby reducing warehousing cost.

So the option most close to JIT inventory method is - parts enter the manufacturing process immediately; they are not warehoused.

This method also requires accurate forecasting get what is actually needed per time.

4 0
3 years ago
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