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hodyreva [135]
3 years ago
13

A market researcher divides the Dallas metropolitan area into blocks having roughly equal populations. He then selects a random

sample of blocks and sends interviewers to each block. The inter-viewers are instructed to interview every eighth dwelling unit. This is ____ sampling.
Business
2 answers:
Evgen [1.6K]3 years ago
8 0

Answer:

two-stage area sampling

Explanation:

A two-stage area sampling is a type of sampling method that is employed when dealing with a large population that is being studied. In this type of sampling, two stages of the sampling process is involved. The first stage involves dividing the population under study into clusters, and then randomly selecting few clusters you want to focus on. The second stage involves, random selection of your subjects in each of the clusters that you have randomly selected out.

This is done to ensure, as much as possible, the population under study is adequately represented, especially when dealing with a large population size such a country, state, or region.

The type of sampling described in the question above is a two-stage area sampling.

stira [4]3 years ago
7 0

Answer: . two-stage area

Explanation:

In two-stage specimen sampling, a simple random sample of specimen is selected and then a simple random sample is selected from the units in each sampled specimen. Two-stage sampling is used when the sizes of the specimens are large, making it difficult or expensive to observe all the units inside them.

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Emerson Inc.'s would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,250,000, and it ha
AfilCa [17]

Answer:

$2.50

Explanation:

Given that,

Dividend Paying out under a policy = 45% of its income

Net income = $1,250,000

Number of shares outstanding = 225,000

Total dividends:

= 45% of its income

= $ 1,250,000 × 45%

= $562,500

Dividend per share:

= Total dividends ÷ Number of shares outstanding

= $562,500 ÷ 225,000

= $2.50

7 0
3 years ago
After evaluating Null Company’s manufacturing process, management decides to establish standards of 3 hours of direct labor per
docker41 [41]

Answer:

Direct labor rate variance = (SR - AR) \times AH

October = ($15 - $15.20)  \times 16,250 = - $3,250 Unfavorable

November = ($15 - $15.25)  \times  22,000 = - $5,500 Unfavorable

Direct Labor Efficiency Variance = (SH - AH)  \times  SR

October = (16,800 - 16,250)  \times $15 = 8,250 Favorable

November = (18,000 - 22,000) \times $15 = - $60,000 Unfavorable

Direct Labor Cost Variance = Standard Cost - Actual Cost

October = $252,000 - $247,000 = $5,000 Favorable

November = $270,000 - $335,500 = - $65,500 Unfavorable

Explanation:

Computing variances for each month

Particulars                            October                  November          Equation

Total units produced           5,600 units             6,000 units            (a)

Standard hour per unit           3 hours                   3 hours                (b)

Total standard hour SH          16,800                   18,000              (c) = (a)*(b)

Total standard cost

of labor @ $15 SR per hour  $252,000                $270,000          (d) = (c) * 15

Actual hours used AH           16,250                    22,000                  (e)

Actual cost                            $247,000               $335,500                (f)

Actual Rate per hour AR          $15.20                   $15.25              (g) = (f)/(e)

Using the above information we have

Direct labor rate variance = (SR - AR) \times AH

October = ($15 - $15.20)  \times 16,250 = - $3,250 Unfavorable

November = ($15 - $15.25)  \times  22,000 = - $5,500 Unfavorable

Direct Labor Efficiency Variance = (SH - AH)  \times  SR

October = (16,800 - 16,250)  \times $15 = 8,250 Favorable

November = (18,000 - 22,000) \times $15 = - $60,000 Unfavorable

Direct Labor Cost Variance = Standard Cost - Actual Cost

October = $252,000 - $247,000 = $5,000 Favorable

November = $270,000 - $335,500 = - $65,500 Unfavorable

8 0
3 years ago
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 ea
nordsb [41]

Answer:

Journal entry to record sale of toasters and warranty

Dr Cash 36,000

    Cr Sales revenue 36,000

Dr Warranty expense 2,400

    Cr Warranty liability 2,400

Adjusting entry for actual warranty expense

Dr Warranty liability 500

    Cr Cash 500

Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.

7 0
3 years ago
The ending balance of accounts receivable was $74,000. Sales, adjusted to a cash basis using the direct method on the statement
denpristay [2]

Answer:

The beginning balance in accounts receivable was: $47,500

Explanation:

Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.

Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.

The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500

5 0
3 years ago
Duck Company produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing costs ar
andrey2020 [161]

Answer:

Contribution margin = $16

Explanation:

Contribution is the difference between the selling price and the variable cost.

Contribution margin = (Sales - variable cost )

Variable cost = Variable manufacturing + Variable selling cost

Variable cost = 18 + (15%× 40) = 24

Contribution margin = 40 - 24 =  $16

Contribution margin = $16

3 0
3 years ago
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