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Marrrta [24]
3 years ago
5

Which of the following arguments are inductive, and which are deductive? Just answer "inductive" or "deductive".

Business
1 answer:
IrinaK [193]3 years ago
8 0

Answer:

Deductive, inductive, inductive

Explanation:

1.The gardener said that she never saw the burglar’s face. She says she was in the house making tea, and that the burglar was in the shed. But the only footprints by the shed were hers. No other explanations could be found. So the reason she didn’t see the burglar is that she is the burglar.

Inductive or deductive? Deductive.

2. If we think of reasons to go to class, we can list that we want good grades, and that we have paid a lot of money for tuition, books, child care, etc. If we think of reasons not to go to class, we can think of how Frisbee golf would be a nice way to spend an afternoon and how there is a big sale in New Market. Yeah, all things considered, better go to class.

Inductive or deductive? Inductive

3. The very definition of water is that it is a chemical substance with the structure H2O. This glass is filled with water. So this glass is filled with H2O.

Inductive or deductive? Inductive

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Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $
astraxan [27]

Answer:

<u>The actual direct labor hours are 45,000.</u>

<u>The overhead rate for Year 2 is $1.74.</u>

Explanation:

Compute the actual direct labor hours:

\begin{aligned}\text{Actual direct labor hours}&=\dfrac{\text{Applied overheads}}{\text{Overhead rate}}\\&=\dfrac{\$76,500}{1.7}\\&=45,000\end{aligned}

<u>Therefore, the actual direct labor hours are 45,000.</u>

Compute the overhead rate for Year 2:

\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Actual overheads}}{\text{Actual direct labor hours}}\\&=\dfrac{\$78,300}{45,000}\\&=1.74\end{aligned}

<u>Therefore, the overhead rate for Year 2 is $1.74.</u>

<u />

Working note:

Calculate the overhead rate for Year 1:

\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Budgeted overheads}}{\text{Estimated direct labor hours}}\\&=\dfrac{\$74,800}{44,000}\\&=1.7\end{aligned}

7 0
2 years ago
Yeats Corporation's sales in Year 1 were $396,000 and in Year 2 were $380,000. Using Year 1 as the base year, the percent change
Ahat [919]

Answer:

Yeats Corporation

The percent change for Year 2 compared to the base year is -4.04%

Explanation:

a) Calculations:

Year 1 Sales = $396,000

Year 2 Sales = $380,000

Reduction = $16,000

Percentage reduction = $16,000/$396,000 x 100 = 4.04%

This is a reduction, and it is negative.

b) The change in sales is calculated as the difference between year 1 and year 2 sales over the sales in year 1 multiplied by 100.  This is expressed as a percentage by the multiplication by 100.  The percent change describes the relationship between the sales figure in year 1 and the sales figure in 2.  When calculated as above, it shows that sales reduced in year 2 by 4.04% from the sales in year 1.

3 0
2 years ago
A list of all account names used to record transactions of a company is referred to as a T-account
11Alexandr11 [23.1K]

Answer:

chart of accounts. a list of all account names used to record transactions of a company.

external transactions. transactions the firm conducts with a separate economic entity.

general ledger. all accounts used to record the company's transactions.

journal

posting

T-account

trial balance

accounts

7 0
2 years ago
. Says law says? Do you agree or disagree with Jean? (Jean Baptiste Say) EXPLAIN. (hint...loanable funds market
Drupady [299]
To answer the question above as to Jean's explanation on Say's Law or The Law of Market.. I agree that "if there is a surplus of goods, there must be unmet of demand for others". Jean's explanation is more of a Capitalist style of management. 
5 0
3 years ago
What three factors that had a negative impact on the financial performances of unibic in its early years?
Ugo [173]

Answer:

Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years

Explanation:

The three factors that negatively impacted the financial performances of unibic in its early years were as follows

a) The price of Unibic cookies was higher as compare to its other competitors.

b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic

c) Packaging, branding and marketing  not as per the public requirement

4 0
2 years ago
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