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svet-max [94.6K]
3 years ago
8

According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to

determine whether there is a difference in the proportion of shoppers who pay by check among three consecutive years at a 0.05 level of significance, the results of a survey of 500 shoppers in three consecutive years are obtained and presented below. check written year 1 year 2 year 3 yes 225 175 125 no 275 325 375 referring to table above, the expected number of shoppers who pay by check in year 1 if there is no difference in the proportion of shoppers who pay by check among the three years is
Business
1 answer:
timofeeve [1]3 years ago
8 0
<span>Given:
check written        year 1         year 2        year 3
yes                         225            175             125
no                          275            325              375 


</span><span>The expected number of shoppers who pay by check in year 1 if there is no difference in the proportion of shoppers who pay by check among the three years is 175.

Each year has 500 customers, and its proportion of customers paying in check gradually decreased from 45% to 25%. If there is no difference in proportion, I am assuming that the data is averaged. Thus, (225+175+125) / 3 = 525 / 3 = 175.</span>
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Answer:

B) $7

Explanation:

The computation of the consumer surplus is shown below:

Consumer surplus = Willing to pay - Market price

For Austin, The consumer surplus = $10 - $6 = $4

For Erin, The consumer surplus = $9 - $6 = $3

So, the total consumer surplus = $4 + $3 = $7

Simply we deduct the market price from the willing to pay so that the consumer surplus can be computed

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2 years ago
Shanna Engel started up a new nonprofit organization in 2013 named Concern for Animal Shelter and Habitats (CASH). The organizat
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Answer:

Net Assets = Total Liabilities - Total Assets

Transaction # 1

Cash comes under Permanantly Restricted Net Assets

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Transaction # 2

As there was no transaction took place hence nothing to be reported.

Transaction # 3

Inventory comes under supply & its temporarily restricted net assets

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Net Assets = $1750 - $1750 = $0

Transaction # 4

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Transaction # 5

Office Equipments comes under Temporarily Restricted Net Assets

Hence

Net Assets = Total Liabilites - Total Assets

= $ 5000 - [ - $5000 + $10000 ]

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Temporarily Restricted Net Asstes = $0

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Explanation:

See attached file for table

8 0
3 years ago
In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $18,000 and ending
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Answer:

$170,000

Explanation:

The computation of the total cost to be accounted is shown below:

= Beginning work in process units + cost of units transferred out

= $18,000 + $152,000

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In order to compute the total cost to be accounted we simply added the beginning work in process units and the cost of units transferred out so that the exact value could come

6 0
3 years ago
Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

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Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

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