Answer:
(1) reducing home prices—deflation; (2) reducing the rate at which the currency exchanges for other currencies—depreciation/devaluation.
Explanation:
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Answer:
A. Earth's rate of rotation and revolution
The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method.
<h3>
How is the cost of discontinuing inventory calculated?</h3>
- The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method. The idea behind this approach is to give all inventory units an average cost.
- In this scenario, the average of the purchase costs from April 5 to April 22 would be taken and multiplied by the number of remaining units to get the cost of the ending inventory on the balance sheet.
- The five pieces cost a total of $69 ($10 + $12 + $14 + $16 + $17) between April 5 and April 22. The remaining four units would make up the ending inventory as one unit was sold on April 25.
- Therefore, $17.25 ($69 divided by 4) would be the price of the closing inventory. As the cost of the ending inventory, this sum would be shown on the balance sheet.
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The standard error of the difference of sample means is 0.444
From the complete question, we have the following parameters
<u>Canadians</u>
- Sample size = 50
- Mean = 4.6
- Standard deviation = 2.9
<u>Americans</u>
- Sample size = 60
- Mean = 5.2
- Standard deviation = 1.3
The standard error of a sample is the quotient of the standard deviation and the square root of the sample size.
This is represented as:
The standard error of the Canadian sample is:
So, we have:
The standard error of the American sample is:
So, we have:
The standard error of the difference of sample means is then calculated as:
This gives
Take square roots
Hence, the standard error of the difference of sample means is 0.444
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