Answer:
A
Explanation:
Have two years of professional experience
Answer:
With 95% of confidence, there is no statistical evidence to confirm that the mean of all account balances is different from $1,000.
Explanation:
Null hypothesis (H0): μ=1000
Alternative hypothesis (H1): μ≠1000
We must use the z distribution because we know the population standard deviation.
z-statistic formula:
z= (xbar-m)/(σ/(sqrt(n)))
xbar: sample mean
m: hypothesized value
σ: population standard deviation
n: number of observations
z=(1,040-1,000)/(200/sqrt(64))
z-statistic= 1.6
Because the problem do not specify the significance level, we will use 5%
The critical value from the z distribution with, 64-1 degrees of freedom and 2.5% significance level (because is a two-tail test) , is 1,96.
Because the z-statistic is less than the critical value, there is no statistical evidence to confirm that the mean of all account balances is different from $1,000.
Answer:
$232,825
Explanation:
Step 1: Calculation of cost of goods sold (COGS) under First In First Out (FIFO)
Since we know that;
Ending inventory = Beginning inventory + Purchase - COGS of FIFO
Therefore, we can rearrange to make COGS the subject of the formula and substitute the values as follows:
COGS under FIFO = Beginning inventory + Purchase - Ending inventory
= $110,000 + $237,500 - $114,000 =
COGS under FIFO = $233,500
Step 2: Calculation of COGS under Last In First Out (LIFO)
COGS under LIFO = COGS under FIFO - Rise in LIFO reserve
= $233,500 - $675
COGS under LIFO = $232,825
Therefore, the value of COGS LIFO for Brady Inc. in 2018 is $232,825.
Answer:
Physical capital consists of manmade goods that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital. Physical capital values are listed in order of solvency on the balance sheet. The balance sheet provides an overview of the value of all physical and some non-physical assets. It also provides an overview of the capital raised to pay for those assets, which includes both physical and human capital.
Physical capital is recorded on the balance sheet as an asset at historical cost, not market value. As a result, the book value of assets is generally higher than market value. Accountants refer to physical capital as a tangible asset.
Human Capital
Intangible assets are non-physical capital. A balance sheet only lists intangible assets when they have identifiable values. Intangible assets can't be touched, but they are often represented by a legal document or paper.
Human capital is represented by more than the company brand. Harvard University is not Harvard University because of its crimson logo. The value of Harvard University is in its human capital. Human capital includes the knowledge base of the employees and is often measured by the quality of the product. It also refers to the network of the employee base and the general level of influence they have on the industry.
Examples of intangible assets include intellectual property such as brands, patents, customer lists, licensing agreements, and goodwill. When one company acquires or purchases another, and the purchase price is more than the physical assets it purchases, it creates goodwill. The difference is recorded as goodwill, and one of the largest components of goodwill is human capital. In fact, goodwill is one of the only places where an analyst can find a value for human capital on the balance sheet.
Explanation:
Competitor pricing. Because all stores compete to have better sales so they change their prices to make them better to make a profit.