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tia_tia [17]
3 years ago
5

Indicate whether each statement below is true or false. If​ false, explain why. ​a) Asking viewers to call into an 800 number is

a good way to obtain a representative sample. ​b) When writing a​ survey, it's a good idea to include as many questions as possible to ensure efficiency and to lower costs. ​c) A recent poll on a website was valid because the sample size was over​ 1,000,000 respondents. ​d) Malls are not necessarily good places to conduct surveys because people who frequent malls may not be representative of the population at large.
Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

a. False

b. False

c.False

d. True

Explanation:

Statement A is false because a representative sample can be obtained by asking viewers who call into an 800 number.  The sample is formed from their voluntary response and would likely  be biased. Among the population, there would be a strong opinion due to the type of invitation given. Thus, it could not be a representativeof the population.

Statement B is false because there are more questions in the survey, also, the time taken by the respondents to answer the question increases, this hereby reduces the rate. Thus, it is clear that there isa chance for non-response bias.

Statement  C is false because the large sample size does not indicate the validity of the survey. However, the resultsb of the survey may be biased if the large sample is not the representative of the population

Statement D is True

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5 0
3 years ago
A company purchased factory equipment on April 1, 2022 for $69600. It is estimated that the equipment will have a $12000 salvage
goldfiish [28.3K]

Answer:

$4,320

Explanation:

Calculation for the amount to be recorded as depreciation expense at December 31, 2022

Using this formula

Depreciation expense at December 31, 2022=[(Factory equipment - Salvage value) ÷ 10]× 9/12

Let plug in the formula

Depreciation expense at December 31, 2022=[($69,600 - $12,000) ÷ 10] × 9/12

Depreciation expense at December 31, 2022=$5,760×9/12

Depreciation expense at December 31, 2022=$4,320

Note that 1 April 2022 to 31st December 2022 will give us 9months

Therefore Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is:$4,320

3 0
3 years ago
Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.
aniked [119]

Answer:

20,500

Explanation:

The minimum price at split off is the benefit of further processing less the cost of this processing.

product X further process sales value:        35,000

cost of further processing:                             (15,000)

minimum accepted price at split-off point: 20,500

The reasoning is as follow: the company will sale at leat to break even.

so the product at split off will be sold at cost.

to get 35,500 worth of goods we must add up to 15,000 dollars

so the initial cost is 35,500 - 15,000 = 20,500

7 0
3 years ago
Accounts Receivable Analysis A company reports the following: Sales $1,500,000 Average accounts receivable (net) 100,000 Determi
Fudgin [204]

Answer:

A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.

Explanation:

A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =

NET SALES   /   AVERAGE ACCOUNT RECEIVABLES

Given information -

Net sales = $1500,000

Average account receivables = $100,000

Putting the values in formula -

= $1500,000  /   $100,000

= 15

B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =

365 / ACCOUNT RECEIVABLES TURNOVER

= 365 / 15

= 24.3 DAYS

8 0
4 years ago
Ferris Company began 2018 with 6,000 units of its principal product. The cost of each unit is $6. Merchandise transactions for t
Nuetrik [128]

Answer:

date of purchase    units        cost per unit         total cost

beginning inv.         6,000        $6                       $36,000

January 10               5,000        $7                       $35,000

January 18               6,000        $8                       $48,000

total                         17,000       $7                       $119,000

date of sale             units        

January 5                3,000        

January 12               2,000        

January 24              4,000        

ending inventory = 8,000 units

1. FIFO, periodic system.

ending inventory = (6,000 x $8) + (2,000 x $7) = $62,000

2. LIFO, periodic system.

ending inventory = (6,000 x $6) + (2,000 x $7) = $50,000

3. LIFO, perpetual system.

COGS = (3,000 x $6) + ((2,000 x $7) + (4,000 x $8) = $64,000

ending inventory = $119,000 - $64,000 = $55,000

4. Average cost, periodic system.

ending inventory = 8,000 x $7 = $56,000

5. Average cost, perpetual system.

COGS = (3,000 x $6) + ((2,000 x $6.625) + (4,000 x $7.3125) = $60,500

ending inventory = $119,000 - $60,500 = $58,500

4 0
3 years ago
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