Answer:
A) Debit retained earnings and credit inventory for $2 million
Explanation:
Since Robinson's inventory was overstated by $2 million (= $22 million - $20 million) because of the previous inventory method (FIFO), when the new method, average cost, starts to be used the inventory must decrease by $2 million and retained earnings as well.
Retained earnings is an equity account and it decreases, therefore it should be debited.
Inventory is an asset account and it decreases, therefore it should be credited.
The A division refused to accept 20$ because he think he’s worth more than that of division B
Answer:
A
Explanation:
real-balance effects do not have to so with the valuation of financial assets.
Answer:
No-shows in Hotel Reservations
Sample mean
= Sum of the samples divided by the number
= (18 + 16 + 16 + 16 + 14 + 18 + 16 + 18 + 14 + 19)/10 = 16.5
Explanation:
In mathematics and statistics, the arithmetic mean, or simply the mean or average is the sum of a collection of numbers divided by the count of numbers in the collection.
A sample mean therefore is the average of the sum of a collection of samples divided by the count of numbers in the collection. Simply, the sample mean is the average of all the measurements in the sample.