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Lemur [1.5K]
3 years ago
13

5. For the following observations, calculate the class width for a histogram.

Business
1 answer:
Soloha48 [4]3 years ago
6 0

Answer:

See Explanation

Explanation:

Given

The histogram

Required

The class width

The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram

The class width is:

Width = Upper - Lower\ Limits

Using the first class, as reference:

Lower\ Limits = 1

Upper\ Limits = 4

So, the class width is:

Width = 4 -1

Width = 3

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A partial adjusted trial balance of Piper Company at January 31, 2017, shows the following:
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Answer:

(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1?

  • supply balance January 31 + supplies expense - purchases = $700 + $950 - $850 = <u>$800</u>

(b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased?

  • Insurance expense per month = $400 x 12 months = $4,800, beginning balance prepaid insurance January 1 = $2,800. This means that the insurance policy was purchased ($4,800 - $2,800) / $400 = 5 months before, this means it was purchased in <u>August, 2016</u>.

(c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable on December 31, 2016?

  • wages payable on December 31, 2016 = salaries expenses + wages payable balance January 31, - paid salaries = $1,800 + $800 - $2,500 = <u>$100</u>

(d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016?

  • unearned service revenue on December 31, 2016 = cash received for providing services - service revenue + unearned service revenue balance January 31 = $1,600 - $2,000 + $750 = <u>$350</u>

6 0
3 years ago
John gets a weekly allowance of $20 from his parents. The only thing he has a real interest in buying is a big slice of pizza af
natali 33 [55]

the optimal quantity of pizza slices for John to buy is 1.

<h3>Determining the optimal quantity </h3>

According to economics, the optimal quantity of a good that should be consumed is the quantity at which the marginal utility equals the marginal cost.

Marginal utility is the change in utility when consumption is increased by one unit. Marginal cost is the change in total cost when consumption is increased by one unit. The unit at which marginal cost is equal to marginal utility is 1.

To learn more about marginal utility, please check: brainly.com/question/16859357

3 0
3 years ago
A key determinant of the price elasticity of supply is the a. extent to which buyers alter their quantities demanded in response
inessss [21]

Answer:

d. length of the time period.

Explanation:

The price elasticity of the supply measures the percentage change in the quantity supplied with the percentage change in price

In arithmetically,

The price elasticity of the supply = (percentage change in the quantity supplied ÷ percentage change in price)

It  indicates a direct relationship between the quantity supplied and the price.

Moreover, the key determinant of the price elasticity of supply is time period

6 0
4 years ago
In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm m
Crank

Answer: True

Explanation:

The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.

It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

7 0
3 years ago
Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If
diamong [38]

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

5 0
3 years ago
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