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3 years ago

inferential statistics involves using a population to draw a conclusion about a corresponding sample. True or False

Business

1 answer:

hram777 [196]3 years ago

6 0

Answer: False

Explanation: Inferential statistics is that branch of statistics that use sample to draw a conclusion about a population. Probability is a basic tool that is used to study inferential statistics. Inferential statistics takes random samples from the data.

Hence, from the above we can conclude that the given statement is false.

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An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $4,705. If Allowance

Vaselesa [24]

Answer:

Debit to bad debt expense for $3,648

Explanation:

This is because the company needs to show the total amount in the Allowance for doubtful accounts as credit balance. It means that if for instance the balance today is $1,057 you'll need a new entry to adjust the balance with the bad debt.

It means that the entry must be a debit in bad debt expense for $3,648 while the corresponding credit goes to allowance for doubtful accounts.

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3 years ago

Customers who owned Nintendo’s 8-bit video game console were unable to play the same games on the firm’s new 16-bit Super Ninten

Gala2k [10]

Answer:

I would choose B. But im not 100% sure.

Explanation:

5 0

3 years ago

Read 2 more answers

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common

monitta

Answer:

See the journal entries below.

Explanation:

Each of these transactions can be recorded in the journal as follows:

Date Particulars Debit ($) Credit ($)

Mar 1 Cash (50,000 * $47) 2,350,000

Common stock 50,000

Additional Paid-in Capital 2,300,000

(To record Issue of 50,000 additional shares for $47 per share.)

May 10 Treasury stock (4,500 * $50) 225,000

Cash 225,000

(To record Purchase of 4,500 shares of treasury stock)

Jun 1 Dividend (w.1) 181,875

Dividend payable 181,875

(Record dividend declared.)

Jul 1 Dividend payable 181,875

Cash 181,875

(Record dividend paid.)

Oct 21 Cash (2,250 * $55) 123,750

Treasury stock (2,250 * $50) 112,500

Additional Paid-in Capital 11,250

(To record resale of shares of treasury stock.)

Working:

w.1. Dividend = Dividend per share * (Shares of common stock outstanding as of the beginning of 2018 + Additional shares issued on March 1 - Shares of treasury stock purchased on May 10) = $1.25 * (100,000 + 50,000 - 4,500) = $181,875

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3 years ago

The Custom Halloween Company purchases a new sewing machine to replace an older machine with limited capabilities. The first wee

ELEN [110]

Answer: Capital investment in new machinery

Capital investment in new machinery enables a company to produce more over a given period of time as compared to the old machine.

It also helps the company to take advantage of new orders in the markets and helps it increase its share in catering to the demand for its products

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3 years ago

Read 2 more answers

Determine whether each statement describes the income effect, the substitution effect, or neither. Assume that all other variabl

ra1l [238]

Answer: See explanation

Explanation:

Income effect is when the demand for a particular good or service changes because the real income of the person has changed.

Substitution effect arises when there is a reduction in the sales for a good or service due to a price rise and therefore the consumers have switched to a cheaper alternative. For example, if the price of beef rises, the consumers may shift and purchase more of chicken.

Based on the above scenario, the following will then be:

• The price of lobster doubles, making Henri feel less wealthy. As a result, Henri buys fewer lobsters.

Income effect

Henry's real income has changed, he has more money and hence reduces the purchase for lobsters because he sees it as inferior good.

• The price of chicken falls by $0.75 a pound. Since chicken is now relatively less expensive than ground beef, Mary buys more chicken and less beef.

Substitution effect

Mary has moved to a cheaper alternative in this situation.

• The average price of a DVD falls by 15 percent. Tom buys more DVDs because his monthly movie budget can now stretch further.

Income effect

• Model Planes Incorporated reduces production of its wooden plane product line.

No effect

No effect here as it's neither income effect not substitution effect.

• Jessica sees that the price of orange juice is higher this week. She decides to buy less orange juice and more apple juice because orange juice is relatively more expensive.

Substitution effect

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4 years ago