Answer:
The mean of the data is: 7.857
b) Yes the process is in control since all values in data set lie between the UCL and LCL.
Explanation:
Find attached the solution
A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
<h3>What is a ledger?</h3>
A ledger is a specialized accounting tool. It can also be described as a financial book or computer program.
In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.
From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.
Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
Learn more about the ledger accounts at brainly.com/question/17143087
Answer:
d. Account receivable days = 72 days
Explanation:
The average receivable days. This is the average length of time it takes a business to collect the amount due from its customers in respect of credit sales.
When a business sells on credit , customers are expected to settle their account within a given credit period. Account receivable days is computed to evaluate how well a business is managing its investment in the account receivables.
The shorter the better, as it means that custmers are paying on time, thereby preserving cash position for the business and reducing the risk bad debt.
A prolonged account receivable days means a poor credit control system which comes with the attendants risk bad debt and additional financing costs for the business.
To compute the account receivable days (debtors collection period), use this formula:
Account receivable days= (Average account receivable/Credit sales) × 360 days.
So we apply this to the question:
Account receivable days= ( 1,200,000/6,000,000) × 360 days
= 72 days
Answer:
a. price discrimination.
Explanation:
Price discrimination is pricing strategy where different prices are charged to different customers for the same product or service based on what the seller thinks he can get from each of them.
There are 3 types of price discrimination:
-First degree: is price discrimination where firm charges different price for every unit sold. Also called perfect discrimination.
-Second degree: is discrimination where the firm charges different prices for different quantities.
-Third degree: is when the seller charges different price for different consumer groups.
Hendry Products charges Montgomery Meats a lower price, and charges other firms similar to Montgomery Meats more for the same products. Hendry Products is practicing third degree price discrimination.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
