Answer:
Explanation:
The journal entries are shown below:
On March 1
Notes receivable A/c Dr $10,400
To Service revenue A/c $10,400
(Being the acceptance of the note is recorded)
On September 1
Cash A/c Dr $10,868
To Notes receivable A/c $10,400
To Interest revenue A/c $468
(Being the cash collection is recorded)
The computation of the interest revenue is shown below:
= Notes receivable × interest rate × (number of months ÷ total number of months in a year)
= $10,400 × 9% × (6 months ÷ 12 months)
= $468
Answer:
Niche marketing strategy
Explanation:
This strategy focuses on the specific part of the market, instead of the whole market. It focuses on exclusively one group or in this case athletes and not on everyone, who can have benefit from this product.
Answer:
a. Increased education adds to the stock of human capital,not unlike building factories adds to the stock of physical capital.
Explanation:
Of all the option only option A is correct that is Increased education adds to the stock of human capital,not unlike building factories adds to the stock of physical capital.
The statement means that educated humans are like human capital and increase in education increase human capital. Same like building factories adds to stock of physical capital.
Answer:
Explanation:
Whenever you merely have one categorical variable within a single population, the goodness fit test is utilized. It's used to see if sample data matches a hypothesized or predicted distribution.
It's used to figure out how a particular phenomenon's observed value differs from the predicted value.
It can also be employed to make comparison of the observed sample to the sample distribution that should have been expected. It determines how closely the theoretical distribution corresponds to the empirical distribution.
Using this as an additional example that has not been discussed:
Consider a firm that produces a card deck. According to the company, 25% of its cards were clubs, 60% were diamonds but not hearts, and 15% were spades. We may collect a random sample of card decks and do a goodness of fit test to check if our sample distribution varied substantially from the company's reported distribution.
Answer:
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