We talked about the opening vignette in the chapter and in our discussion of that individual we mentioned the proposed: soccer stadium in Indy.
Definition of StadiumStadium Stadium is a building area for organizing football and or athletic sports activities as well as facilities for spectators. On a city and regional scale, stadiums are the main sports infrastructure, because their existence can function as a center for sports activities, meaning that several sports activities can be carried out in one area.
Performances that are held at the stadium are usually for all kinds of modern sports which usually have complete equipment in the stadium.
While the definition of a stadium is based on the translation of the Handbook of Sport and Recreation, stadium can be defined as a running field in cities, where matches are held, and ultimately a place used for other athletics performances.
Your question is incomplete but most probably your full question was:
we talked about the opening vignette in the chapter and in our discussion of that individual we mentioned the proposed:
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if a sociologist points out that corporate interests dominate the global economy, in part by creating global trade agreements and eliminating international tariffs that will inevitably favor the ability of capital to invest in low wage regions, he or she is a .
She is a Marxist sociologist that will inevitably favor the ability of capital to invest in low wage regions
Marxist sociology is a critical approach to understanding the global economy, which recognizes the power of capital and the inequality of class struggle.
Marxist sociologists argue that corporate interests dominate the global economy by creating global trade agreements and eliminating international tariffs that will inevitably favor the ability of capital to invest in low-wage regions.
This serves to increase the power of capital and expand the wealth gap between the wealthy and the working class. Marxist sociologists also argue that the unequal distribution of wealth and resources between nations is a result of unequal economic power and that this is perpetuated by global trade agreements and tariffs.
Ultimately, Marxist sociologists strive to reveal the power of capital and the inequalities of the global economy in order to create a more equitable and just world.
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The Japanese greatly value products that make efficient use of space because of the cramped conditions in urban areas in Japan. This is an example of ________ in Japan's cultural system.A) social structureB) ecologyC) ideologyD) dogma
The Japanese greatly value products that make efficient use of space because of the cramped conditions in urban areas in Japan. This is an example of ideology in Japan's cultural system.
What do you mean by ideology?
Ideology is a set of beliefs and values that shape the way individuals and societies view the world. It is an often unconscious set of assumptions about how the world works, and it guides people’s behavior and opinions. Ideology can be based on religion, culture, political beliefs, and values. It can even be an individual’s personal set of rules for living.
In the case of Japan, their ideology is heavily influenced by their culture, which emphasizes the importance of making efficient use of limited space. This is reflected in their value system, where products that optimize the use of space are seen as highly desirable. This has been further reinforced by the densely populated urban areas of Japan, which have led to the need for efficient use of space. Therefore, the Japanese are inclined to value products that make efficient use of space due to the impact of their cultural system.
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a(n) is a document that outlines what needs to be in place and what processes are necessary if an emergency such as a hurricane or fire occurs at a business. disaster recovery plan data security plan archiving plan data backup plan
A disaster recovery plan is a document that outlines what needs to be in place and what processes are necessary if an emergency such as a hurricane or fire occurs at a business.
What is disaster recovery plan?A disaster recovery plan (DRP), also known as a disaster recovery implementation plan or an IT disaster recovery plan, is a documented policy and/or process that is intended to help an organisation carry out recovery procedures in the event of a disaster, thereby protecting business IT infrastructure and, more generally, fostering recovery.
The goal of a disaster recovery plan is to thoroughly outline the consistent steps that must be taken before, during, and after a natural or man-made disaster so that the entire team can take those steps. An intentional man-made disaster, such as the effects of terrorism or hacking, as well as unintentional man-made disasters, such as equipment failure, should both be covered by a disaster recovery plan.
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west wind, inc. has 5,200,000 shares of common stock outstanding with a market value of $70 per share. net income for the coming year is expected to be $7,000,000. what impact will a two-for-one stock split have on the earnings per share and on the price of the stock? round the earnings per share to the nearest cent and the prices of the stock to the nearest dollar. eps before the split: $ eps after the split: $ price of the stock before the split: $ per share price of the stock after the split: $ per share
The EPS before the split is $1.35 and after the split, it is $0.68, and the price of the stock before the split is $70 per share and after the split, it is $35 per share.
EPS is a measure of a company's profitability, calculated by dividing the net profit by the number of outstanding shares of stock. It is used by investors to evaluate a company's financial performance and to compare it with other companies in the same industry. EPS is a widely used financial metric that provides an idea of the company's ability to generate profits for its shareholders. A higher EPS indicates that a company is profitable, and therefore, attractive to investors.
EPS is calculated after taking into account all the expenses, including taxes and interest, which have been incurred by the company during a given period. It is typically calculated on a quarterly or annual basis and is widely used to gauge the overall financial health of a company. A higher EPS is an indication of good management, efficient operations, and strong demand for the company's products or services. A lower EPS, on the other hand, could indicate that a company is facing challenges in generating profits or that it is not effectively managing its expenses.
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for each case, select whether the action or situation shows a violation of the aicpa code of professional conduct, and select the relevant rule. cpa ellery idle audited the financial statements of monty corporations and gave an unmodifed report
If the cpa ellery idle audited the financial statements of monthly corporations it will impact through the Independence that would be impaired. It is because if CPA gave an un modified report, The commencement of litigation by the public accounting firm alleging management fraud.
In the financial accounting, The AICPA Code of Professional Conduct generally can be defined as a collection of codified statements issued by the American Institute of Certified Public Accountants that outline a CPA's ethical and professional responsibilities. If the CPA gave an un modified report, The commencement of litigation by the public accounting firm alleging management fraud. In the other hand, it is also impact through the deceit would definitely impair independence.
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Beach Corporation, which produces a single product, budgeted the following costs for its first year of operations. These costs are based on a budgeted volume of 30,000 towels produced and sold:
Direct materials $ 96,000
Direct labor $ 48,000
Variable manufacturing overhead $ 72,000
Fixed manufacturing overhead $ 60,000
Variable selling and administrative expenses $ 12,000
Fixed selling and administrative expenses $ 36,000
During the first year of operations, Beach Corporation actually produced 30,000 towels but only sold 24,000 towels. Actual costs did not fluctuate from the cost behavior patterns described above. The 24,000 towels were sold for $16 per towel. Assume that direct labor is a variable cost.
What is the total cost that would be assigned to Beach Corporation's finished goods inventory at the end of the first year of operations Under variable costing?
$43,200
$55,200
$64,800
$45,600
Answer:
$43,200 dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
Knowledge Check 01 Which of the following statements about using different approaches to analyze alternatives is NOT true? Considering only the relevant costs gives results a different answer than that obtained when all costs are considered. O Differential analysis focuses on the future costs and benefits that differ between any two alternatives. O Mixing irrelevant costs with relevant costs may cause confusion and distract attention from the information that is critical. Costs and revenues that do not differ between alternatives are irrelevant to decision making.
Considering only the relevant costs gives results a different answer than that obtained when all costs are considered is not true. Thus, option A is correct.
What is relevant costs?The term "relevant cost" in managerial accounting refers to avoidable expenses that are only incurred as a result of specific business decisions. The idea of relevant cost is used to weed out extraneous information that might make decisions more difficult. For instance, relevant cost is used to decide whether to sell or keep a business unit.
Sunk costs, which have already been incurred regardless of the decision's outcome, are the opposite of relevant costs. Let's say a traveller rushes up to the ticket window to buy a ticket for a flight that is leaving in 25 minutes. To determine the cost of a ticket, the airline must take all pertinent costs into account.
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Determine whether each of the following counts as consumption, investment, govemment purchases, net exports, or none of these, under the expenditure approach to calculating GDP a. The construction of a courthouse: O Government purchases O Net exports O None of these O Consumption O Investment b. A taxi ride: Government purchases O None of these
O Net exports O Consumption Investment c. The purchase of a new taxi car by a taxi company: O Consumption O Net exports O Investment O Government purchases O None of these
a. The construction of a courthouse:(government purchases,)
b. A taxicab ride:(consumption)
c. The purchase of a taxicab by a taxicab company:(investment)
d. A student buying a textbook: (consumption)
e. The trading of municipal bonds (a type of financial investment offered by city governments).-none of these
f. A company's purchase of foreign minerals:(net exports)
About Gross Domestic Product (GDP)Also known as Gross Domestic Product (GDP), is an important indicator for measuring the economic condition of a country.
GDP is one of the important indicators to determine the economic conditions in a country in a certain period. GDP is basically the amount of added value generated by all business units in a country. Or is the total value of final goods and services produced by all economic units. In short, GDP is one method for calculating national income.
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using the above pairings, which is the principal and which is the agent? tax preparer/taxpayer group of answer choices a. tax preparer is the agent and taxpayer is the principal b. tax preparer is the principal and taxpayer is the agent c. no agency
Option b is Correct. Tax preparer is the main and taxpayer group is the agent in the aforementioned pairings.
Who Are Taxpayers?A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
Anyone who is subject to taxes, both those who owe money and those who receive a refund, is a taxpayer. Taxpayers can be divided into two categories: individuals and businesses. A taxpayer is a natural person, business, or other entity that must pay taxes. The government may provide identity or reference numbers to individuals or businesses as modern taxpayers.
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brown company paid its employee his weekly salaries of $400. show how to record the transaction to the t-accounts by completing the following sentence. the salaries expense account would be (debited/credited) on the (left/right) side of the t-account, and the cash account would be (debited/credited) on the (left/right) side of the t-account.
Brown company paid its employee his weekly salaries of $400. To record the transaction to the t-accounts, the complete sentence will be: the salaries expense account would be debited on the left side of the t-account, and the cash account would be credited right side of the t-account.
What is a T-account?A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.
To record the payment of $400 weekly salaries to employees by brown companies, the salary expense account will be debited on the left side and the cash account will be credited on the right side.
Therefore, the complete sentence for the transaction is mentioned above.
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does the stock market normally bottom in price in the start of a recession or latter historically in america
In the past, American recessions have seen stock market prices bottom out later. Stock prices frequently start to fall ahead of an impending recession and then keep falling as the recession becomes worse.
What is stock market?Stocks, usually referred to as shares or equities, are traded on the stock market between investors. Companies issue stocks to raise funds, and the stock market gives them a channel to a sizable investor base.
When you purchase a stock, you become a minor shareholder and are entitled to a percentage of the company's assets and profits. The performance of the company's finances, the state of the economy, and investor attitude are just a few examples of the many variables that can affect a stock's price as it varies according to supply and demand.
Stock markets can be divided into two categories: primary markets and secondary markets. Companies raise funds and first-time publicly issue new stocks in primary markets. Securities are traded among investors in secondary markets. There are other exchanges worldwide, but the New York Stock Exchange (NYSE) is the most well-known secondary market.
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Jackson wants to buy a new cell phone. Of the brands that Jackson recalls, those he thinks he would actually buy are his _________ set.
Jackson wants to buy a new cell phone. Of the brands that Jackson recalls, those he thinks he would actually buy are his consideration set.
A consumer's consideration set is a model that is used to depict all of the brands and goods they consider before making a final buying choice. In 1977, Peter Wright and Fredrick Barbour coined the phrase "consideration set."
The buyer's final decision on a product or brand is influenced by the consideration set, making it crucial. The time and knowledge that buyers typically have at their disposal limits how much they can assess each product that is available.
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consider the chewing gum market shown in the graph at the right.an increase in the demand for chewing gum will blank the equilibrium price and blank the equilibrium quantity
An increase in the supply of chewing gum will decrease the equilibrium price and increase the equilibrium quantity.
What is equilibrium?
Equilibrium is the scientific word describing the harmony of force and action. The level of supply and demand must be equal in order for there to be an economic equilibrium. The cost remains steady. Three categories of equilibrium are frequently used: stable, unstable, and neutral.
According to the case,
Increase in the supply of chewing gum was the decrease in the price.
Increase the equilibrium quantity.
The rule is increased the supply the price is low. Decrease in supply the price is high.As a result, the significance of the equilibrium are the aforementioned.
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Using the production possibilities graphs, what would be acceptable terms of trade for coffee between Oscar and Julia?
The production possibility curve displays every possible combination of two commodities that can be produced in an economy given the available resources and technology, both of which must be used to their fullest extent.
What is the concept of production possibility function?The term "production possibility frontier" (PPF) refers to a graph that displays the highest possible output that two goods can achieve when the input is kept fixed or constant. Natural resources, capital goods, labor, and entrepreneurship are the components of the input.
The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different goods that can be produced using the current state of science and technology. The concepts of choice, tradeoffs, and scarcity are all covered by the PPF.
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assuming there are only these three people in the market, create the market demand curve for electricity on the second graph. move each of the points of the market demand curve provided to plot the appropriate market demand according to the dataset provided. round down to the nearest whole kwh for each consumer.
The marketplace demand curve for electricity can be observed given that simplest people in the marketplace are only these three people in the market , with the aid of round down to the nearest whole kwh for each consumer.
A marketplace demand curve is a graphical representation of the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase. It shows how the demand for a product changes as its price changes. The curve slopes downwards, indicating that as the price of a product decreases, the quantity demanded of it will increase. Conversely, as the price of a product increases, the quantity demanded of it will decrease.
The demand curve is useful for companies and policymakers to understand how changes in price affect consumer behavior, and to make informed decisions about pricing and production. The demand curve is also a crucial tool in microeconomic analysis, as it is one of the building blocks for understanding market dynamics and the functioning of a market economy.
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match each part of the swot analysis with the specific business action that you might take when you discover it. strength strength drop zone empty. weakness weakness drop zone empty. opportunity opportunity drop zone empty. threat threat drop zone empty. focus on less risky international markets during worldwide financial instability.
Matching each part of the swot analysis with the specific business action that one might take when they discover it. Strength-> Build on it. Weakness-> Correct it. Opportunity-> Exploit it. Threat-> Avoid it.
Using a SWOT analysis, a person or organization can determine their strengths, weaknesses, opportunities, and threats in relation to project planning or competitive business environments. Situational analysis or situational evaluation are other names for it.
An organization's strengths, weaknesses, opportunities, and threats can be identified and analyzed using the SWOT analysis framework. The SWOT acronym is made up of these words. SWOT analysis's main objective is to raise awareness of the factors that influence business decisions and the formulation of business strategies.
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Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
a. Journalize the adjusting entries on August 31 for the 3-month period
June 1–August 31.
b. Prepare an adjusted trial balance on August 31.
The adjusting entries on August 31 for the 3-month period from June 1–August 31 is made by journal entries and an adjusted trial balance on August 31 is prepared.
What is a adjusted trial balance?An adjusted trial balance shows the general ledger account balances after all necessary financial period-end adjustments, such as prepayments, accruals, and non-cash expenses, have been made.
To ensure that period-end adjustments adhere to the matching and accrual concepts, adjusting journal entries are created.
a) The adjusting journal entries for H Resort on August 31 are as follows:
Adjusting Journal Entries:
1. Insurance Expense Dr. 2,250
Prepaid Insurance Cr. 2,250
2. Supplies Expense Dr. 3,900
Supplies Cr. 3,900
3. Depreciation Expenses: 3200
Building Cr. 2,400
Equipment Cr. 800
4. Unearned rent revenue Dr. 7,600
Rent Revenue Cr. 7,600
5. Salaries and Wages Expense Dr. 750
Salaries and Wages Payable Cr. 750
6. Mortgage Expenses Dr. 5,333
Mortgage Expenses Payable Cr. 5.333
b) The preparation of an adjusted trial balance on August 31 for Haile Resort is as follows:
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Rental Receivable 1,600
Prepaid Insurance 6,750
Supplies 1,300
Land 40,000
Buildings 240,000
Accumulated Depreciation Br. 2,400
Equipment 32,000
Accumulated Depreciation 800
Accounts Payable 9,000
Unearned Rent Revenue 1,600
Salaries and Wages Payable 750
Mortgage Interest Payable 5,333
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Dividends 10,000
Rent Revenue 181,600
Salaries and Wages Expense 90,350
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Insurance Expense 2,250
Supplies Expense 3,900
Depreciation Expenses:
Buildings 2,400
Equipment 800
Mortgage Interest Expense 5,333
Total Br.501,483 Br.501,483
Therefore, journal entry and trial balance have been prepared.
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Geo Corporation issues stock to investors for $100,000. Recording this transaction will include which of the following? select all
A. Credit common stock
B. Credit revenues
C. Debit to cash
D. Debit to retained earnings
The information required to create the balance sheet and income statement comes from a general ledger (GL), which keeps track of all activities that have an impact on a company's accounting components such as assets, liabilities, equity, expenses, and revenue.
Typical balance sheet accounts for a corporation include cash, short-term investments, accounts receivable, allowance for doubtful accounts, inventory, investments, land, buildings, equipment, furniture and fixtures, accumulated depreciation, notes payable, accounts payable, payroll taxes payable, and paid-in capital. Common stock is typically valued at its fair value, which is typically the amount of cash received, at the time of issuance. Any excess beyond par value is then applied to extra paid-in capital. Those revenues are first applied to the par value of the shares (if any).
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Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following action is most likely to decrease shopping cart abandonment?
Where lowering the shopping cart abandonment rate is a reliable way to improve conversion rates., Note that the actions that is most likely to decrease shopping cart abandonment is: "Streamline the payment process." (Option B). The above is an e-commerce problem.
How can the payment process be streamlined?It is important to note that Automated Payments are one of the most effective methods to streamline your small business's payment operations.
You may set up automated and regular payments with online accounting software. This means you may arrange invoices and costs to be sent at certain times. This is something that mobile invoicing can help you with.
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Full Question:
Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following actions is most likely to decrease shopping cart abandonment?
-Add more steps to the payment process.
-Streamline the payment process.
-All of the above.
-None of the above.
henry wants to establish a trust for his financially challenged adult daughter. he wants to contribute annually to the trust, but his daughter would receive only the trust income. the remainder would go to his grandchildren (her children) at her death. henry wants the daughter to receive all the earnings from the trust with no restrictions. he realizes that she will probably just squander the money she receives but wants to otherwise protect her from her creditors. which of the following trusts would you recommend henry establish for the benefit of his daughter? a) a section 2503(b) trust b) a section 2503(c) trust c) an irrevocable trust, including spendthrift provisions d) a support trust
A spendthrift provision creates an irrevocable trust preventing creditors from attaching the interest of the beneficiary in the trust before that interest (cash or property) is actually distributed to him or her.
Spendthrift Clauses: The majority of trusts have a spendthrift clause, which forbids a trust beneficiary from spending a future distribution to get credit. A creditor cannot be paid if they give a beneficiary credit based on future dividends, according to the clause.
What function does a spendthrift trust serve?
A spendthrift trust is one that forbids the beneficiary from selling or otherwise disposing of her equitable interest in the trust's assets. The trustee is in charge of overseeing the property's management. As a result, the trust beneficiary has no authority over the assets and her creditors are unable to seize them.
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which of the following are examples of hidden costs that are likely to emerge from this decision? check all that apply. the wages of new employees the costs involved with the increased usage of utilities, such as electricity and gas, during evening hours increased insurance premiums due to the presence of alcohol at the coffee shop the cost of maintaining the machines that make the coffee the monthly rent paid for the building
The following are examples of hidden costs that are likely to emerge from the decision:
B- The costs involved with the increased usage of utilities, such as electricity and gas, during evening hoursD - Increased insurance premiums due to the presence of alcohol at the coffee shopE - The cost of maintaining the machines that make the coffeeG -The monthly rent paid for the building.The wages of new employees are not necessarily a hidden cost, as the business may have taken into account the cost of hiring and paying new employees when making the decision to extend hours.
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It is proper to recognize revenue prior to the sale of merchandise when
I. The revenue will be reported as an installment sale.
II. The revenue will be reported under the cost-recovery method.
O I only.
O II only.
O Both I and II.
O Neither I nor II.
Option d. Neither I nor II. It is proper to recognize revenue prior to the sale of merchandise when the ultimate sale of the goods is at an assured sale price.
Revenue recognition is an accounting principle that describes the specific conditions under which revenue is recognized. In theory, there are many potential points at which revenue can be realized.
According to IFRS standards, the following conditions must be met for revenue recognition:
-The risks and rewards of ownership pass from the seller to the buyer.
-The seller loses control of the goods sold.
-Collection of payment for goods or services is reasonably assured. Income can be properly measured.
-The cost of revenue can be properly measured.
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pavel is an inventor. he read that there were several million people who could not sleep at night until they looked under the bed. he invented a light that could be put under the bed and went on automatically when someone looked there. pavel's product is designed to help people perform a . question 17 options: ritual rite of passage convention symbolic exchange
The invention of Pavel is designed in a manner which will help people a ritual that is option A is correct.
The job of any inventor is to create inventions that will help the people in many ways and it will make their life easy. Pavel is also an inventor and he intends to help people all over the world with his inventions. When he studies and carries out a research he comes to know that millions of people around the world are unable to sleep at night until and unless they looked under their bed. So to help people, he invented a bulb that will automatically turn on when someone looked at it. This will help the people to perform their ritual of looking under the bed and it will also ease their way of doing the ritual.
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Complete Question:
Pavel is an inventor. he read that there were several million people who could not sleep at night until they looked under the bed. he invented a light that could be put under the bed and went on automatically when someone looked there. Pavel's product is designed to help people perform a . question 17 options:
A. ritual
B. rite of passage
C. convention
D. symbolic exchange
suppose that the mean retail price per gallon of regular grade gasoline in the united states is $3.49 with a standard deviation of $0.20 and that the retail price per gallon has a bell-shaped distribution.
Sixty-four percent of standard grade gasoline is sold at between $3.35 and $3.55 per gallon.
In the range of $3.35 and $3.65 a gallon, 81.5% of regular grade gasoline is sold.
In 84% of cases, standard quality gasoline is offered for less than $3.55 per gallon.
How to find the calculation?Average retail cost is $3.45.
0.10 is the standard deviation.
According to the empirical rule, 99.7% of the data is shown to follow a normal distribution that is within 3 standard deviations.
70% of the data are within one standard deviation.
Under two standard deviations, 95% is found.
Under 3 standard deviations, 99.7% is found.
3 standard deviations are located to the left and right of the mean. The chart is provided below.
3.45 is the mean. 0.1 is the standard deviation
3.45+0.1=3.55
3.45-0.1=3.35
Consequently, the first standard deviation is between 3.35 and 3.55.
68% of the range is between $3.35 and $3.55.
3.45 +0.1+0.1=3.65
3.35 is within one standard deviation of the mean and two deviations from it on the right.
So , 34+34+13.5=81.5%
81.5% of the range is between $3.35 and $3.65.
There are 3 standard deviations to the left of the mean and 1 standard deviation to the right for gasoline that sells for less than $3.55.
0.15+2.35+13.5+34+34=84%.
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Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be: A) $2.50 per direct labor-hour C) $3.00 per direct labor-hour B $2.79 per direct labor-hour D) S4.00 per direct labor-hour
$2.50 per hour of direct labor will be the established overhead rate. This rate is based on the 20,000 direct labor hours that are anticipated to be worked in a given year.
What is the total estimated overhead cost for the year based on 20,000 direct labor-hours worked?
The total estimated overhead cost for the year based on 20,000 direct labor-hours worked can be calculated by multiplying the predetermined overhead rate per hour by the number of direct labor-hours worked. In this case, if the predetermined overhead rate is $2.50 per direct labor-hour, the total estimated overhead cost would be $2.50 x 20,000 = $50,000. If the predetermined overhead rate was $3.00 per direct labor-hour, the total estimated overhead cost would be $3.00 x 20,000 = $60,000. If the predetermined overhead rate was $2.79 per direct labor-hour, the total estimated overhead cost would be $2.79 x 20,000 = $55,800. If the predetermined overhead rate was $4.00 per direct labor-hour, the total estimated overhead cost would be $4.00 x 20,000 = $80,000.
Johansen Corporation applies manufacturing overhead to jobs based on a predetermined overhead rate based on direct worker hours. The entire annual overhead costs are determined using this rate.
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Which of the following statements is NOT true of a market economy?
Question 9 options:
The government may supply some goods or services.
The individual makes his or her own economic decisions.
The economy is defined by a freedom of choice for both buyers and sellers.
The system encourages private ownership of resources.
The pricing of goods is determined by what sellers wish to charge and buyers wish to pay.
The government may supply some goods or services is NOT true of a market economy. Thus, option A is correct.
What is an economy?An economy is a region where products and services are produced, distributed, traded, and consumed. a social domain that places an emphasis on production-related practices, discourses, and material expressions
An economy with a fully free market is one in which every resource is privately owned. Without the involvement of the federal government, 're deciding how to distribute such resources. Therefore, option A is the correct option.
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When looking at the income statement for your firm, you notice that your Cost of Goods Sold was $1M in 2012, $1.2M in 2013 and $2M in 2014. How will you determine if there is an issue you should be worried about? What other types of financial statements might you look at to see if there is an issue and why?
To determine if there is an issue with the Cost of Goods Sold (COGS), I would first look at the trend in the COGS over time. In this case, there has been a significant increase in COGS from 2012 to 2014, which could indicate a problem.
Next, I would compare the COGS to the overall revenue for each year to determine the percentage of revenue that is being spent on COGS. If the percentage is increasing over time, this could be a sign of a problem, as it indicates that a larger portion of revenue is being spent on goods rather than being used for other expenses or generating a profit.
I would also look at other financial statements to see if there is an issue. Specifically, I would look at the balance sheet and the cash flow statement. The balance sheet would provide information on the company's inventory levels and accounts payable, which would help me understand if the company is holding too much inventory or having difficulty paying its suppliers. The cash flow statement would show the company's net cash flow from operating activities, which would help me understand if the company is generating enough cash to cover its expenses.
In summary, analyzing the trend of the COGS and comparing it to the overall revenue and also looking at the balance sheet, cash flow statement would give a better understanding of the possible causes of the increase in COGS, whether it is due to an increase in inventory or an increase in cost of goods. It would also help identify any potential liquidity issues.
Opaque is a type of travel booking model
This activity is important because we will all be faced with difficult choices and don't want to make an unethical choice. It helps to ask
yourself the three questions created by Blanchard and Peale to make sure you don't make a mistake and do something unethical,
The goal of this activity is to demonstrate your understanding of how to use the three questions to ask yourself when faced with an
ethical dilemma.
Instructions: Read the descriptions and then determine which question is appropriate for each situation.
1. Your boss is always asking you to lie to your coworkers about why he is never in his office to cover for him.
How will it make me feel about myself? ✓
2. Your boss asks you to accept cash payments for wages and not report them to the government.
Is my proposed action legal?
3. You call in sick to work to go out with friends. It is the busiest night of the season at your job.
Is it balanced?
4. Your boss asks you to post lies about his competitor on social media.
Is it balanced?
5. A friend asked for the answers to the ethics test the employment office gives all applicants.
Is it balanced?
(Click to select)
How will it make me feel about myself?
Is my proposed action legal?
Is it balanced?
The questions that are appropriate for each scenario are:
How will it make me feel about myself?Is my proposed action legal?Is it balanced?Is it balanced?Is it balanced?How to overcome ethical dilemmas?When faced with an ethical dilemma, it is important to consider three questions to help guide your decision-making.
How will it make me feel about myself?: This question helps you consider the impact that your actions will have on your own sense of morality and personal values.
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Harry thinks that prices in Caldwell, Idaho, are lower than the rest of the country. He reads that the nationwide average price of a certain brand of laundry detergent is $23.75 with standard deviation $0.94. He takes a sample from 5 local Caldwell stores and finds the average price for this same brand of detergent is $26.01.
H0 :
Ha :
2.)
a)Find the P - value for the test statistic z=2.03 for the following null and alternative hypotheses:
H0: The population mean is 18.
Ha: The population mean is less than 18.
The P - value is ____
(b) Find the P - value for the test statistic z=2.03 for the following null and alternative hypotheses:
H0: The population mean is 18.
Ha: The population mean is not equal to 18.
The P - value is _____
The P-values for the two hypothesis tests are approximately 0.0245 and 0.00000027, respectively.
For the first hypothesis test:
H0: The population mean is equal to $23.75.
Ha: The population mean is less than $23.75.
The test statistic for this hypothesis test can be calculated using the formula:
z = (sample mean - population mean) / (standard deviation / √sample size)
z = ($26.01 - $23.75) / ($0.94 / √(5)) = 2.03
The P-value is the probability of observing a test statistic as extreme or more extreme than z = 2.03 under the null hypothesis. To find the P-value, we can use a standard normal table or a calculator with a standard normal cumulative distribution function. The P-value is approximately 0.0245.
For the second hypothesis test:
H0: The population mean is equal to $18.
Ha: The population mean does not equal $18.
The test statistic for this hypothesis test can be calculated using the formula:
z = (sample mean - population mean) / (standard deviation / √sample size)
z = ($26.01 - $18) / ($0.94 / √(5)) = 5.22
The P-value is the probability of observing a test statistic as extreme or more extreme than z = 5.22 under the null hypothesis. To find the P-value, we can use a standard normal table or a calculator with a standard normal cumulative distribution function. The P-value is approximately 0.00000027.
So the P-values for the two hypothesis tests are approximately 0.0245 and 0.00000027, respectively.
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