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Brilliant_brown [7]
3 years ago
11

"Sherry says, "All the paperwork is filled out wrong. We have to do everything over again." June replies, "No, I see at least th

ree forms that are filled out correctly. We won't have to do it all again. Just most of it, probably." Which of the following statements are know to be true from what is presented above:"
a. Sherry advances a sound deductive argument.
b. Sherry does not advance an argument.
c. Sherry is right and June is wrong.
d. June advances an inductive argument.
e. June advances a deductive argument.
Business
1 answer:
Zolol [24]3 years ago
6 0

This statement June advances an inductive argument is know to be true from what is presented above

Explanation:

A strong argument is an inductive reasoning that is meant to be strong enough to make it impossible for the conclusion to have been false whether the premises were correct.

Therefore, success or effectiveness of an inductive argument is, unlike deductive argument, a matter of perspective.

Inductive arguments should take vast forms. Some people have the form of making claims on a population or only based on information from either a sample, a subset. Some mediated arguments draw conclusions through an appeal, authority or causal relationship.

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A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72. What is the return on equi
Karolina [17]

Answer:

C 14.45

Explanation:

Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent

8 0
3 years ago
The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows.
KengaRu [80]

Answer:

1. 295,000 shares

2. $10 per share

3. $60 per value

4. 6%

5. $2,046,400

Explanation:

1. Calculation for How many shares of common stock are outstanding

Outstanding common stock 300,000 shares

Less Common shares 5,000

Common shares outstanding 295,000 shares

2. Calculation for the stated value of the common stock

Stated value of the common stock

$1,500,000/150,000

Stated value of the common stock = $10 per share

3. Calculation for What is the par value of the preferred stock

Par value of the preferred stock=$300,000/5,000

Par value of the preferred stock=$60 par value

4. Calculation for dividend rate on preferred stock

Dividend rate on preferred stock=$18,000/$300,000 = 6%

5. Calculation for what would be the balance in Retained Earnings

Balance in Retained Earnings= $2,050,000 -$36,000

Balance in Retained Earnings=$2,046,400

3 0
3 years ago
The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number
8_murik_8 [283]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number of transistors needed is 8,000 per month. Nelson Company's electronics division can produce the transistors for a cost of $4.00 each and they have plenty of capacity to manufacture the units. The $4 is made up of $3.25 in variable costs, and $0.75 in allocated fixed costs.

Because there is unused capacity, we will not have into account the fixed costs.

Unitary cost= $3.25

It is more convenient to produce in house. The indifference price is $3.50.

6 0
3 years ago
On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December
harkovskaia [24]

Answer:

Utility expense Dr.                      $200

  Accounts payable Cr.                $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr.  $200

  Accounts payable Cr.    $200

(To record the entry for electric expense)

8 0
3 years ago
An annual reporting period consisting of any twelve consecutive months is known as:________.1. Calendar year2. Natural business
11111nata11111 [884]

Answer:

4. Fiscal year

Explanation:

Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.

Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.

3 0
3 years ago
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