In order to have a high confidence level in a customer survey, the sample size accurately reflects the entire population.
A discrete collection of entities with identifiable characteristics, such as humans or animals, for the purposes of analysis and data collection is called a population. It consists of a group of similar species that can inhabit a specific geographical location and interbreed.
A group of people, things, events, organizations, etc. Use populations to draw conclusions. Figure 1: Population. An example of a population is the entire student body of a school. Includes all students studying at the school when the data was collected.
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I would ask them if they were comfortable with a fluctuating rate, which though at the moment is lower than the fixed rate, could go up in the future. I would also ask them if they needed to be sure of the rate say for example for a 5 year term like in a mortgage for peace of mind or if they are willing to take a risk with the fluctuations. If the latter, I would tell them that at any time they could lock it in for a 5 year term if they saw it going up.
The answer is A, occur when a taxpayer's income tax withholding exceeds what they owe.
Answer:
C. They fail to incorporate cash flows beyond the first year of the analysis.
Answer:
The answer is $243,000
Explanation:
The inventory on July 8 immediately prior to the fire is the CLOSING INVENTORY.
To find this closing inventory, we need to find the gross profit first and then cost of sales.
To find gross profit:
Gross profit margin=gross profit ÷sales.
Gross profit margin is 20% or 0.2
Sales is $690,000
Therefore, gross profit is:
0.2 x $690,000
=$138,000
To find cost of sales:
Gross profit = sales - cost of sales.
Gross profit is $138,000
Sales is $690,000
Therefore, cost of sales is
$690,000 - $138,000
=$552,000.
And finally to get closing inventory:
Cost of sales = opening inventory + purchases - closing inventory.
Cost of sales = $552,000
Opening inventory = $140,000
Purchases = $655,000
Closing inventory = $140,000+$655,000-$552,000
=$243,000.
