These arise out of the <u>legal</u> environment of business.
<u>Explanation</u>:
A manager is a person who is responsible for controlling and managing the operation of the organization. The manager organizes, plans and directs the staffs in his organization. He is responsible for effective running of the organization.
The manager faces many challenges in the company to maintain its successful running.
The manager is considered to be good if he coordinates his employees towards the success of the organization. The manager should effectively monitor the behavior of the employees.
Answer:
Sample size is 16
Mean 4
Standard deviation of the sample is 0.3.
Explanation
The Central Limit Theorem estabilishes that, for a random variable X, with mean 
and standard deviation 
, a large sample size can be approximated to a normal distribution with mean and standard deviation 
.
In this problem, we have that:
The population has a mean of four hours, with a standard deviation of 1.2 hours. The sample is the 16 of the employees.
So
The sample size is 16, so 
The mean of the sample is the same as the population mean, so 
.
The standard deviation of the sample is 
Answer:
The amount of manufacturing overhead that would have been applied to all jobs during the period is $1,289,340.00
Explanation:
For computing the manufacturing overhead, first, we have to compute the predetermined overhead rate which is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $684,000 ÷ 20,000 hours
= $34.20
Now the applied overhead would be equal to
= Actual direct labor-hours × predetermined overhead rate
= 37,700 hours × $34.20
= $1,289,340.00
If the average test score of RSM students in the month of September is increased by 10 percent and on the next month another 15 percent. The total percentage of the average score on the test increase during the two months time is around 3.77 percent.
Explanation:
The adjusting entry is shown below:
On December 31
Salaries expense A/c $132
To Salaries payable A/c $132
(Being salary is adjusted)
The salaries expense is computed by
= Total five days × number of days ÷ total number of days
= $330 × (2 ÷ 5)
= $132
The two days includes Monday and Tuesday so we considered only 2 days out of 5 days
