In international trade jargon, constant-cost production-possibility curves are associated with ________ specialization, while in
1 answer:
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Answer:
a. d. yes, because the plot is roughly a diagonal straight line
b. b the distribution is skewed to the right.
Explanation:
Note: Find attach the plot as picture
a. If the distribution of the song length is roughly Normal, the normal probability plot should be roughly a diagonal straight line. But the given normal probability plot is far from straight. So, the distribution of song lenghts is not normal
b. The distribution of song lenghts is skewed to the higher values, that is right skewed because the normal probability plot is curved and of inverted C shape
Answer:
Explanation:
a. In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
Before preparing the income statement, first, we have to compute the net loss or net income which is shown below:
= Sales - cost of good sold - selling expenses - administrative expenses
= $875,000 - $525,000 - $125,000 - $80,000
= $145,000
b. The computation of the inventory balances are shown below:
Direct material = Purchased material - used material
= $168,500 - $149,250
= $19,250
Work in progress = Used material + direct labor wages + factory overhead - transferred units
= $149,250 + $360,000 + $120,000 - $600,000
= $29,250
Finished goods = Transferred units - cost of goods sold
= $600,000 - $525,000
= $75,000
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
