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3 years ago

What is market price?

1 answer:

3 0

The market price is the current price at which an asset or service can be bought or sold. The market price of an asset or service is determined by the forces of supply and demand. The price at which quantity supplied equals quantity demanded is the market price.

The answer would be C

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Carefully examine the example problem statement and select which criteria listed below have been met.

Angelina_Jolie [31]

Answer:

Criteria 2: The magnitude or impact of the problem is clear.

Explanation:

The problem is well defined in the statement given above. Cryptocurrency is one of the latest investment opportunity for the investors. It is a digital asset which is traded online with different investors. It is used to trade online where physical transfer of cash takes much time or is not possible at all. The magnitude and impact of cryptocurrency is well defined.

6 0

2 years ago

Preparing a trial balanceSmithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear i

Triss [41]

Answer:

Smithson Floor Coverings

Trial Balance

As at 31st December 31, 2018

Account Dr ($) Cr($)

Revenue 26,000

Salaries Payable 25,000

Equipment 36,000

Salaries Expense 1,600

Rent Expense 17,000

Cash 7,000

Common Stock 24,000

Accounts Receivable 3,600

Accounts Payable 2,200

Interest Payable 6,000

Dividend 16,100

Utilities Expense 1,900

83,200 83,200

Explanation:

In accounting, liability, Income and equity items have credit balances while assets and expenses have debit balances.

With that background, Start by picking balance relating to income and post them to the credit side of the trial balance, like revenue.

After that, pick balance relating to liability post them to the credit side of the trial balance, like trade payable.

Then pick balance relating to equity item, post them to the credit side of the trial balance, like common stock.

After this, pick items relating to asset and post them to the debit side of the trial balance, like trade receivables. Then, pick items relating to expenses and then post them to the debit side of the trial balance.

At the end, all income, liability and equity item balances are posted to the credit side of the trial balance while assets and expenses item balances are posted to the debit side. And two sides balance.

Remember the purpose of a trial balance is to check the arithmetical accuracy of ledger balances and that was exactly what was done above.

5 0

3 years ago

Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price

Roman55 [17]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standard quantity= 7.8 grams per unit of output

Standard price= $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

To calculate the material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable.

It is unfavorable because the actual price was higher than estimated.

4 0

3 years ago

Crossett Trucking Company claims that the mean weight of its delivery trucks when they are fully loaded is 6,000 pounds and the

tresset_1 [31]

Answer:

95% of 55 trucks will have weights between 5915.5 lbs and 6084.5 lbs

Explanation:

Complete question:

Crossett Trucking Company claims that the mean weight of its delivery trucks when they are fully loaded is 6,000 pounds and the standard deviation is 310 pounds. Assume that the population follows the normal distribution. Fifty-five trucks are randomly selected and weighed. Within what limits will 95% of the sample mean occur

Subtract 1 from sample size to find degree of freedom(df). Here sample size is 55,so

df= 55-1= 54

To determine α, subtract confidence interval from 1 and then divide by 2. Here confidence interval is 95% or 0.95, so

α= (1-0.95)/2= 0.025

Use t-distribution table(see attachment) to find t-value for α=0.025 and df=54. So t=2.021(since df=54 is not listed in the table, I have used the table row corresponding to the next lowest value of df that is 40)

divide sample deviation, 310, by root of sample size that is 55. So,

$\frac{310}{\sqrt{55} }$ = 41.8

Now multiply the answers from last two steps 41.8 × 2.021= 84.5

lower limit= 6000-84.5=5915.5
upper limit= 6000+84.5=6084.5

95% of 55 trucks have weights between 5915.5 lbs and 6084.5 lbs

8 0

3 years ago

A strength of generation x managers is likely to be their multiple choice loyalty to the firm. individualistic approach to probl

lianna [129]

The strength of GENx managers may be their capacity to give feedback to workers. Maslow thought that the desire to meet unfulfilled wants served as the foundation for motivation.

<h3>What characterizes a competent manager?</h3>

In addition to leading teams and fostering their growth, excellent managers are also able to fully control their company's operations and performance. These are the individuals who consistently adapt to new circumstances, inspire others to realize their greatest potential, and produce their finest work.

Employee morale is raised and motivation for the job is increased thanks to feedback. It is an inherent attribute of a manager to be able to receive feedback from his staff.

Therefore, choice 3 is the appropriate response to the statement.

Learn more about Gen X managers:

brainly.com/question/9203476

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3 0

1 year ago