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aliya0001 [1]
3 years ago
9

A study was done on the campus of a major state institution to measure attitudes of students to-wards the recent fee increase. O

ne question asks respondents to rank the five fees they are willing to pay from 1=most willing to 5=least willing. This is scaled as an:________.
Business
1 answer:
kiruha [24]3 years ago
3 0

Answer: Ordinal scale.

Explanation:Ordinal scale is the level of measurement that gives the ranking of data without showing the degree of variation between them. It helps in identifying if object has more or less characteristic when compared to another object but does not tell the exact weight of the characteristic. Data in Ordinal scale is usually given in order of magnitude since there is no standard of measurement of differences. For example 1=most willing to 5=least willing.

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Terrence Industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis
puteri [66]

Answer:

See below

Explanation:

First, we need to get the predetermined rate

Predetermined rate = Cost of manufacturing overhead / Cost driver

= $1,800,000/60,000

= $30

We will now calculate the application.

Actual labor hours × rate

= 61,500 × $30

= $1,845,000

We will now compare actual with overhead cost

= Applied Overhead cost - Actual manufacturing overhead

= $1,845,000 - $1,810,000

= $35,000

The above is an over application of overhead cost because the cost applied exceed the actual cost.

5 0
3 years ago
The _______ is the act of Limiting the amount of certain goods that civilians can buy
Drupady [299]

Rationing is is the act of Limiting the amount of certain goods that civilians can buy. Rationing became common during the Second World War. Ration stamps were often used. These were redeemable stamps or coupons, and every family was issued a set number of each kind of stamp based on the size of the family, ages of children and income.

7 0
4 years ago
. Initially, the economy is in long-run equilibrium. The aggregate demand curve then shifts $50 billion to the left. The governm
Romashka [77]

Answer

the correct answer is

Reduce taxes by $5.56 billion dollars. Increase expenditures by $5.56 billion dollars.

good luck ❤

3 0
3 years ago
Griffins Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest expense of $45,000
Gemiola [76]

Answer:

a. $6.54 per share

b. $1.73 per share

Explanation:

The computation is shown below:

1. Earning per share is

= Net income ÷ shares of common stock outstanding

where,

Net income is

= Sales - costs - depreciation expense - interest expense - tax expense

= $664,000 - $326,000 - $70,000 - $45,000 - $49,060

= $173,940

The tax expense is

= (Sales - costs - depreciation expense - interest expense) × tax rate

= ($664,000 - $326,000 - $70,000 - $45,000) × 22%

= $49,060

Now the earning per share is

= $173,940 ÷ 26,600 shares

= $6.54 per share

b. Dividend per share = (Total dividend) ÷ (number of shares)

= ($46,000) ÷ (26,600 shares)

= $1.73 per share

7 0
3 years ago
After the issuance of its year 1 financial statements, Serenity Inc. discovered a computational error of $150,000 in the calcula
Vladimir79 [104]

Answer: C. $150,000 credit

Explanation:

In the financial statements for year 2, it should be noted that the year 1 retained earnings balance, should be adjusted by $150,000 credit.

The corrections of errors should be treated as the period adjustments before. In this case, the $150,000 overstatement for the cost of goods that was sold in the previous year, will then be credited to the beginning balance of the retained earnings.

Therefore, the correct option is C.

4 0
3 years ago
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