Answer:
0.8314
Explanation:
First, we are given the following
Unemployment during on Average = U= 12.7 weeks
Standard deviation= SD = 0.3 Weeks
Therefore, P (12 Greater than x Greater than 13)
= P (12-12.7 /0.3 Greater than X -U/SD Greter than 13-12.7/0.3)
= P (-0.7/0.3 Greater than Z Greater than 0.3/0.3)
= P (-2.33 Greater than Z Greater than 1)
= P (Z Greater than 1) - P (Z Greaer than -2.33)
At this Point we make use of he Z table to find out the figure
= 0.8413 - 0.0099
= 0.8314
Answer:
Given that,
Cost of goods manufactured = $1,486,000
Cost of goods sold (unadjusted) = $1,337,000
Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:
Finished Goods A/c Dr. $1,486,000
To Work in process $1,486,000
(Being transfer of completed goods from work in process to finished goods recorded)
Answer:
The correct answer is option d.
Explanation:
In a perfectly competitive market, it is assumed that the buyers and sellers have perfect information and take their economic decisions accordingly. But in reality, buyers and sellers do not have perfect information.
Information comes at a cost, which can sometimes be high. The rational decisions of the consumers without full information can lead to irrational outcomes.
If the cost of gathering information is less than or equal to the benefit earned from the information, the consumers will gather information and make fully informed decisions.
But if the cost is higher than the benefits, the consumers will not gather information and make a less informed decision.
Answer:
The correct option here is C) Nutritional labeling and education act.
Explanation:
NLEA or commonly know as nutritional labeling and education act is a new rule passed by the government , which requires the sellers or marketers of a product to show all the information regarding number of grams of fat ( whether trans fat, saturated or saturated fat ) on the packaging of the product.
Answer:
true
Explanation:
the formula used to determine the break even point in units is:
- break even point in units = total fixed costs / contribution margin
where contribution margin = selling price - variable costs
The break even point refers to the output level where revenues = costs. Any output level above the break even point results in profits for the company, while any output level below the break even point results in losses.
