Hello,Please, Note I Have Done Pa Ot But I Will Need Some Help With The Ones In Red.Revenue Journal And (2024)

Business College

Answers

Answer 1

The general journal has been provided for you below:

The General Journal

GENERAL JOURNAL

DateItemPost Ref.DebitCreditBalance Dr.Balance Cr.

Account: Cash # 11

2014

June 1Balanceü 12,740

June 30 CR3637,580 50,320

Account: Accounts Receivable # 12

2014

June 1Balanceü 15,520

June 25 J1 2,32013,200

June 30 R4025,550 38,750

June 30 CR36 23,26015,490

Account: Note Receivable # 14

2014

June 1Balanceü 6,750

June 25 J12,320 9,070

Account: Fees Earned # 41

2014

June 30 R40 25,550 25,550

June 30 CR36 14,320 39,870

For Subsidiary Ledger

Just remove the 8,920 and 6,600 from Debit column

For Journal entry put J1 in Post Ref column

The first area where data is kept is in a general diary, which has to separate columns on each page for dates, serial numbers, and records of debits and credits.

Several businesses maintain specialized journals that solely record certain kinds of transactions, such as purchase journals or sales journals.

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Related Questions

While the terms of the Regional Comprehensive Economic Partnership (RCEP) are still being negotiated, if the agreement achieves just a(n) __________ status, all barriers to the trade of goods and services among member countries will be removed.
A.) CUSTOMS UNION
B.) POLITICAL UNION
C.) FREE TRADE AREA
D.) COMMON MARKET
E.) ECONOMIC UNION

Answers

While the terms of the Regional Comprehensive Economic Partnership (RCEP) are still being negotiated, if the agreement achieves just a Free Trade Area (FTA) status, all barriers to the trade of goods and services among member countries will be removed.

What is free trade area?

A Free Trade Area (FTA) is a type of trade agreement in which member countries agree to eliminate tariffs, quotas, and other trade barriers on goods and services traded among themselves, while each member maintains its own trade policies with respect to non-member countries. FTAs do not involve a common external tariff, a unified trade policy, or a common currency.

Customs Union, Common Market, Economic Union, and Political Union are all more advanced forms of economic integration that involve deeper levels of integration and policy coordination among member countries.

Therefore the correct option is C.

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Q3. Obtain an initial basic feasible solution to the following transportation problem
using Vogel’s approximation method.
D1 D2 D3 D4
A 5 1 3 3 34
B 3 3 5 4 15
C 6 4 4 3 12
D 4 -1 4 2 19
21 25 17 17 80

Answers

To use Vogel's approximation method to find a simple, workable solution to the transportation issue mentioned above.

How to calculate feasible solution?

Determine the cost of the penalty for each cell:

D1 D2 D3 D4

A 5 1 3 3 34 (0) (50-4-2) = 44

B 3 3 5 4 15 (0) (30-9-3) = 18

C 6 4 4 3 12 (0) (20-11-5) = 4

D 4 -1 4 2 19 (0) (25-10-6) = 9

21 25 17 17 80

Find the column and row for each that has the highest penalty cost:

Column 1: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1

Column 2: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1

Column 3: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1

Column 4: R1 = 44, R2 = 18, R3 = 4, R4 = 9, maximum penalty in R1

Row 1: C1 = 44, C2 = 44, C3 = 44, C4 = 44, maximum penalty in C1 and C2

As the initial cell, choose the one with the highest penalty cost:

(R1, C1) = 44

Give the chosen cell the supply and demand information:

Allocate 5 units to (R1, C1)'

D1 D2 D3 D4

A 0 1 3 3 34 5 (50-4-2) = 44

B 3 3 5 4 15 0 (30-9-3) = 18

C 6 4 4 3 12 0 (20-11-5) = 4

D 4 -1 4 2 19 0 (25-10-6) = 9

21 25 17 17 80

Repeat steps 2 through 4 until all supply and demand are met:

Column 2: R2 = 18, R3 = 4, R4 = 9, maximum penalty in R2

Row 2: C2 = 44, C3 = 18, C4 = 15, maximum penalty in C2

(R2, C2) = 18

Allocate 3 units to (R2, C2)

D1 D2 D3 D4

A 0 0 3 3 34 5 0

B 3 0 5 4 15 3 (30-9-3) = 18

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Rest of the question is,

Fat units Cost per unit

A 20 50 4 2

B 30 30 9 3

C 40 20 11 5

D 40 25 10 6

E 45 50 9 8

F 30 20 10 8

In 1908, Ford Motor Company began mass-producing cheap cars. At the same time, the Tried and
True Buggy Manufacturing Company figured out a way to make horse buggies at much lower cost
using a new method of production.
What pair of curve shifts describes the effect of these two events on the market for horse buggies?
O DL, SR
O DL, SL
O DR, SR
O DR, SL

Answers

In 1908, Ford Motor Company began mass-producing cheap cars.--------.The pair of curve shifts describes the effect of these two events on the market for horse buggies is DR, SR. Thus option (C) is correct.

What is a company?

A company is a legal entity that is separate and distinct from the individuals who own or manage it. It is typically engaged in a specific type of business activity, like producing and selling goods or providing services.

The main goal of a company is generating profit for its owners or shareholders. The companies may be structured as partnerships or sole proprietorships.

The shifts in DR, SR curve shows the effect of these two events on the market for horse buggies.

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Which of the following situations describes market disequilibrium in the perfectly competitive market for paper towels in the U.S.? Select all that apply.
A. 1000 buyers who wanted to purchase paper towel rolls were not able to purchase any.
B. Paper towel roll suppliers offered discounts on the prices of paper towel rolls from $3 per roll to $2 per roll.
C. The number of paper towel rolls demanded by buyers equals the number of paper towel rolls supplied by sellers in the U.S.
D. All consumers who wanted to purchase paper towel rolls were able to purchase them.

Answers

A. 1000 buyers who wanted to purchase paper towel rolls were not able to purchase any. B. Paper towel roll suppliers offered discounts on the prices of paper towel rolls from $3 per roll to $2 per roll. Both A and B describe market disequilibrium in the perfectly competitive market for paper towels in the U.S.

The market is experiencing excess demand in condition A, which means that more paper towel rolls are needed by consumers than are being provided by vendors. Due to this, some customers are unable to buy any paper towel rolls.In case B, there is an excess supply on the market, which means that sellers are supplying more paper towel rolls than what customers are asking for.Due of this, suppliers are forced to provide discounts in order to get customers to buy more paper towel rolls.

In a completely competitive market, situation C represents market equilibrium where the number of paper towel rolls required by buyers and provided by sellers are equal.

Market disequilibrium is not described by Situation D.

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informal rulemaking of administrative agencies differs from formal rulemaking in the following way: a. formal rule making requires the publication of a proposed rule, while informal rule making does not. b. formal rules require presidential approval, while informal rules do not. c. formal rules can be challenged in court, while informal rules cannot. d. formal rule making requires the holding of a hearing, but informal rule making does not.

Answers

Informal rulemaking of administrative agencies differs from formal rulemaking as formal rulemaking requires the holding of a hearing, but informal rulemaking does not.

Option D is correct.

How does informal rulemaking work?

Before an agency can issue a final rule, it must first issue a notice of proposed rulemaking (NPRM) and offer the public a chance to comment on the proposal in the informal rulemaking process, also known as "notice-and-comment rulemaking."

How is informal rulemaking carried out?

In its simplest form, it entails: 1) inserting an NPRM into the Federal Register; 2) soliciting public feedback; 3) taking into account the public comment; and submitting a final rule to the Federal Register for publication.

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your next decision is to select the backpack's special features. different features will appeal to different market segments. while features help our backpacks standout in the market, they also add to the production cost, so any of your choices should keep in mind impacts on the cost of production and feature desirability. which of the following combination of special features is the least expensive?

Answers

Cartoon Graphic and Laptop Sleeve are combination of special features is the least expensive when different features will appeal to different market segments.

Market segments: what are they?

A marketing approach known as market segmentation involves identifying specific customer groups in order to promote particular items or product lines to them in a way that appeals to their interests.

Market segmentation is a technique used in marketing that involves breaking up a large consumer or corporate market into smaller groups of consumers based on shared traits. Typically, this procedure involves existing and future clients. Although the four primary categories of market segmentation are thought to be geographic, demographic, psychographic, and behavioural, there are many more approaches you can take, as well as many variants on the four primary types. You might want to investigate the following other techniques.

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If you do not know the answer to a question during a business presentation, the best thing to do is to
offer to find the answer later and contact the questioner.

Answers

It is true that If you do not know the answer to a question during a business presentation, the best thing to do is to offer to find the answer later and contact the questioner. It's always better to be honest and admit that you don't know the answer to a question rather than trying to fake it.

What is a Business Presentation?

A business presentation is a formal or informal talk that is given to an audience with the purpose of communicating information, ideas, or arguments related to a particular business or industry. The presenter may use visual aids such as slides, charts, or images to help illustrate their points and engage the audience.

The goal of a business presentation is to educate, persuade, or inform the audience and to help build support for a particular proposal, product, or idea. Business presentations can take place in various settings such as meetings, conferences, or sales pitches and can range from short, informational updates to longer, more in-depth presentations.

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Life, Inc. experienced the following events in Year 1, its first year of operation:
Performed counseling services for $31,600 cash.
On February 1, Year 1, paid $22,200 cash to rent office space for the coming year.
Adjusted the accounts to reflect the amount of rent used during the year.
Required
Based on this information alone:
a. Record the events in general ledger accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.)

Answers

The cash in the events in general ledger accounts under accounting is $6,600.

What is general ledger?

The general ledger is a central accounting record that contains all financial transactions of a business or organization. It is used to record, store and summarize all financial activities such as revenue, expenses, assets, liabilities, equity and other financial events. The general ledger provides a complete overview of a company’s financial health and is an essential tool for preparing financial statements, reports and audits. It is also used to reconcile and verify other subsidiary ledgers and accounts. The general ledger is the backbone of the accounting system and provides accurate and timely financial information for decision making, budgeting and forecasting purposes. It is an important tool for management to monitor the financial performance of their organization.

Year 1 Rent Expense = $13,800 * (11 / 12) = 12,650

Rent Expense expense to recognized next year = Prepaid Rent = $1,150

Prepaid rent = $13,800-$12650 = $1,150

Cash = $20,400 - 13,800 = $6,600

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When I purchase a corporate _______, I am lending the corporation funds for a purchase a corporation's _______, I become an owner in the corporation. stock: debt security stock: bond bond: debt security bond: stock

Answers

When I purchase a corporate bond, I am lending the corporation funds for a purchase a corporation's stock, I become an owner in the corporation.

A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess. Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed to shield investors from dishonest tactics must be followed during stock trades. Corporations are a unique sort of organisation even if stockholders do not own them since they are regarded by the law as legal persons. Companies report their taxes. can be sued, can borrow money, and can possess property. A company is a "person" in the sense that it has rights and obligations.

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A manager is passed over for a lucrative promotion because her team regularly fails to meet project deadlines and goes over budget. The promotion is given instead to a manager who has been with the company for a shorter period of time, but whose team makes their deadlines and manages to stay within budget. In one page or more (double spaced), please develop a case that explains why this promotion is fair and then develop a case that explains why it is not fair. Be sure to discuss theory to back up your position.

Answers

Fair Case: It is fair to give the promotion to the manager whose team consistently meets project deadlines and stays within budget.

This decision is based on the principle of meritocracy, where individuals are rewarded based on their performance and contribution to the organization. It is a common practice in many organizations to evaluate employee performance based on key performance indicators (KPIs) such as meeting deadlines and managing budgets.

By promoting the manager who has demonstrated excellent performance in these areas, the organization is encouraging a culture of excellence and rewarding employees for their hard work and dedication. This decision is not based on the length of service but rather on the results produced by the manager's team.

Unfair Case: It is unfair to pass over a manager for promotion based solely on the performance of their team. While it is important to recognize individual contributions to the organization, it is also essential to consider the manager's leadership style and their ability to motivate and manage their team effectively.

There may be external factors that have affected the team's ability to meet project deadlines and manage budgets, such as a lack of resources or inadequate support from senior management. In such cases, it may not be fair to hold the manager solely responsible for the team's performance.

Instead, the organization should provide opportunities for training and development to help managers improve their leadership skills and address any performance gaps. It is also important to ensure that the promotion process is transparent and that all employees are evaluated based on the same criteria.

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the number of frogs in a particular lake has been decreasing by 4 % each year. in 2015, the number of frogs was po . write an equation for the number of frogs as a function of time t, the number of years since 2015. p(t)

Answers

An equation for the number of frogs as a function of time t, the number of years since 2015 is [tex]p(t) = po * (0.96)^t[/tex]

Typically, a rate is a change per unit of time. A "rate of decrease" would be a drop in sales of 10% annually. Although percentage changes are frequently reported on an annual basis, a percentage decline isn't always a "rate."

Assuming that the rate of decrease remains constant over time, the equation for the number of frogs in the lake as a function of time t, the number of years since 2015, is:

[tex]p(t) = po * (0.96)^t[/tex]

Where po is the initial number of frogs in 2015 and[tex](0.96)^t[/tex] represents the rate of decrease over time.

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To be career ready, Zina wants to incorporate changes into her life that will give her behavioral examples of professionalism and work ethic to discuss in job interviews. Zina has heard that people who get the right amount of sleep are less tempted by unethical behavior, so she has made a commitment to go to bed earlier, when possible. Zina also is going to pick up reading again, a hobby she has just not made time for lately, which will reduce her screen time especially right before bed. Zina also might
Multiple Choice
start thinking she is good at everything and can do no wrong, instilling confidence in herself.
start handwashing her clothes instead of using the washing machine to reduce energy costs.
get in the practice of turning off lights when she leaves rooms and remember to bring a reusable water bottle to work.
begin to have her food delivered by a food service such as Hello Fresh or Blue Apron instead of eating out.

Answers

For Zina to incorporate positive changes into her life she can also have the practice of turning off the lights when she leaves the rooms and remembering to bring a reusable water bottle to work.

How to improve your personal development?

It is essential to adopt practices that generate ethical attitudes in the social and professional spheres, as this generates the improvement of social relations and promotes attitudes that generate collective benefits for society, such as:

Garbage recycling

Emotions management

Reduction of plastic use

Water economy

Reduction in meat consumption

Use of green transport

Therefore, each small attitude is capable of contributing to the development and maintenance of society, increasing the quality of life by promoting diversity and protecting the environment.

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Amortization is the process of paying off loans by regularly reducing the ___.

Answers

An amortised loan payment first covers the interest cost for the period; any balance is applied to the principal balance. An amortisation loan's principal payment increases as the interest component of the payment decreases.

The process of dividing a fixed-rate loan into equal payments is known as loan amortisation. Each installment includes a portion for interest and a portion for the loan principal. Utilizing a loan amortisation calculator or table template will make calculating payments on an amortised loan the simplest process possible. Loan amortisation is the process of repaying a loan over time with consistent payments. Each loan payment typically includes a portion used to cover interest.

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coca cola one notable example is in india, where the company faced opposition from environmental and health groups over allegations of groundwater depletion and pollution.

Answers

In India, reports of groundwater pollution and depletion caused Coca-Cola to encounter resistance from the environmental and health communities.

Due to claims of groundwater contamination and depletion, Coca-Cola encountered strong criticism in India from environmental and health organisations. The corporation was charged with consuming excessive amounts of water from nearby aquifers, which reduced the amount of water available to nearby people, farmers, and cattle. The business was also charged with discharging hazardous garbage into the earth and waterways. As a result, there were demonstrations, court cases, and a damaged corporate reputation in India. Coca-Cola responded by implementing a number of water management measures to cut back on water use, enhance water quality, and work with nearby communities to resolve their concerns.

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True or False: Accounting rule-making that relies on a body of concepts will result in useful and consistent pronouncements.

Answers

The statement given in the question is True.

Accounting rule-making that relies on a body of concepts, such as generally accepted accounting principles (GAAP), can result in useful and consistent pronouncements.

A conceptual framework provides a consistent set of underlying principles and concepts that help standard setters develop and refine accounting standards.

This, in turn, can help ensure that financial information is reported consistently and reliably, making it more useful for decision-making purposes.

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Acquired $30,000 cash from the issue of common stock.
Paid $12,000 cash to purchase land.
Borrowed $10,000 cash.
Provided services for $20,000 cash.
Paid $1,000 cash for utilities expense.
Paid $15,000 cash for other operating expenses.
Paid a $2,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in Event 2 is now $12,700.
Required
a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example.
b-1. Prepare an income statement for the Year 2 accounting period.
b-2. Prepare a statement of changes in equity for the Year 2 accounting period.
b-3. Prepare a year-end balance sheet for the Year 2 accounting period.
b-4. Prepare a statement of cash flows for the Year 2 accounting period.
c-1. Determine the percentage of assets that were provided by retained earnings.
c-2. How much cash is in the Retained Earnings account? Assets + Event Account Titles for Retained Earnings Cash DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Common Land Retained Payable Stock Earnings 12,000 = 0 + 6,000 + 8,000 30,000 + 12,000/= + Beginning balance 1. + 2. + + 3. + 2,000 + 30,000 + (12,000) 10,000+ 20,000+ (1,000) + (15,000) + (2,000) 4. + + + + 5. + + 20,000 Service revenue (1,000) Utilities expense (15,000) Operating expense (2,000) Dividends 6. 7. + + 8. + + Totals 32,000 + 24,000 = 01 + 36,000 + 10,000 DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Service revenue $ 20,000 Utilities expense (1,000) Operating expense (15,000) Net income $ 4,000 DAKOTA COMPANY $ 36,000 Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock $ 6,000 Plus: Common stock issued 30,000 Ending common stock Beginning retained earnings 8,000 Plus: Net income 4,000 Less: Dividends 2,000 Ending retained earnings Total stockholders' equity GA 10,000 46,000 $ DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Land $ 24,000 32,000 Cash Total assets $ 56,000 Liabilities Notes payable $ 10,000 S 10,000 Total liabilities Stockholders' Equity Retained earnings Common stock $ 10,000 36,000 Total stockholders' equity Total liabilities and stockholders' equity 46,000 56,000 A DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Cash receipts from customers $ Cash payments for other operating expense Cash payment for utilities expense 20,000 (15,000) (1,000) S 4,000 Net cash flow from operating activities Cash flows from investing activities: Cash paid to purchase land $ (12,000) (12,000) Net cash flow from investing activities Cash flows from financing activities: Cash receipts from stock issue Cash payments for dividends Cash receipts from loan $ 30,000 (2,000) 10,000 38,000 Net cash flow from financing activities Net increase in cash Plus: Beginning cash balance Ending cash balance 2,000 2,000 S Percentage of assets % How much cash is in the Retained Earnings account?

Answers

Retained earnings are used to aquire assets or settle liabilities. Cash cannot be directly traced to Retained earnings and hence cannot be determined.

(c -1)

It is calculated as follows-

Retained Earnings / Total Assets = $10,000 / $56,000 = 17.9%

(c -2)

How much cash is in the Retained Earnings account - Cannot be determined

Retained earnings refer to the portion of a company's profits that are not distributed as dividends but are kept within the business for future use. It is calculated by subtracting the total amount of dividends paid out from the net income of the company. Retained earnings can be used for a variety of purposes, such as reinvesting in the business, repaying debt, or making acquisitions.

Retained earnings are an important source of funding for a company, as they provide the business with the flexibility to pursue growth opportunities without relying on external financing. Additionally, companies with strong retained earnings are viewed as more financially stable, which can attract investors and lenders.

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For a retail firm that sells clothing, which of the following would be considered part of the cost of goods sold?
Select one:
A. freight
B. price paid for dresses to be sold
C. wages paid to sales clerks
D. A and B above
E. all of the above

Answers

B. price paid for dresses to be sold. The cost of goods sold for a clothes retailer comprises all direct charges involved with the manufacturing or purchase of the products being sold.

This usually comprises the cost of the goods to be sold, any freight or shipment fees, and any additional expenses made directly as part of the manufacturing or acquisition process. It excludes ordinary running expenditures such as salary for sales clerks and other workers. By incorporating these direct expenditures in the cost of products sold, the company may correctly calculate its gross profit and net profit margins, which are essential profitability measures. The cost of goods sold for a clothes retailer comprises all direct charges involved with the manufacturing or purchase of the products being sold.

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The equilibrium condition for a consumer who is spending all of his or her budget on twocommodities, A and B, is given by:a. MUA= MUBb. MUA/ PB=MUB/ PAc. MUA/ PA= MUB/PBd. PA= PB

Answers

The equilibrium condition for a consumer who is spending all of his or her budget on two commodities, A and B, is given by: c. MUA/PA = MUB/PB.

This equation is known as the consumer's equilibrium condition or the condition for maximizing utility. It states that in order for a consumer to be in equilibrium or to maximize their utility, the ratio of the marginal utility of one good to its price must be equal to the ratio of the marginal utility of the other good to its price. In other words, the consumer will allocate their budget between A and B in such a way that the marginal utility per dollar spent on each good is equal. If the marginal utility per dollar spent on A is higher than the marginal utility per dollar spent on B, the B will allocate more of their budget to A. Conversely, if the marginal utility per dollar spent on B is higher than the marginal utility per dollar spent on A, the consumer will more of their budget to B.

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Auppose that quiz scores in a beginning statistics class have a mean of 7.9 with a standard deviation of 0.5 . using chebyshev's theorem, state the range in which at least 75% of the data will reside. please do not round your answers.

Answers

At least 75% of the quiz scores in the beginning statistics class will fall within the range of 6.9 to 8.9.

Chebyshev's theorem states that for any data set, regardless of the shape of its distribution, at least (1 - 1/k^2) of the data will fall within k standard deviations of the mean.

In this case, we want to find the range that contains at least 75% of the data, so we need to solve for k in the inequality (1 - 1/k^2) ≥ 0.75.

Simplifying this inequality, we get k^2 ≥ 4, which means k ≥ 2 or k ≤ -2 (we can discard the negative solution as it is not relevant in this context).

So, at least 75% of the data will fall within 2 standard deviations of the mean. The range can be calculated as follows:

Lower bound: 7.9 - 2(0.5) = 6.9

Upper bound: 7.9 + 2(0.5) = 8.9

Therefore, we can say that at least 75% of the quiz scores in the beginning statistics class will fall within the range of 6.9 to 8.9.

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In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the

aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.

Answers

An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.

What is the aid of advertising thef payoff?

Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.

A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.

In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.

Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.

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if the supplies account is the second asset account, it would be numbered: question 2 options: 110 100 115 120

Answers

If the supplies account is the second asset account, it would be numbered "120", which is option D.

If the supplies account is the second asset account, it would be numbered "120" according to a standard chart of accounts. Asset accounts are typically numbered in the 100s and sequentially incremented by 10. Since supplies is the second asset account, it follows the first account which could be numbered 101 or 100. The supplies account is an asset account that records the cost of supplies purchased by the business that have not yet been used or consumed.

This includes items such as office supplies, raw materials, and inventory. The account is adjusted regularly to reflect the current value of supplies on hand.

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Which of the following industries tends to generate a high level of trust from consumers and stakeholders?a. Insuranceb. Technologyc. Banksd. Mortgage lenderse. Financial services

Answers

Since it ultimately depends on the behaviour and reputation of the individual organisation, none of these sectors can be completely trusted. Consumers and stakeholders often have a high level of trust in the insurance business.

The customer and stakeholder confidence in the insurance business is often quite strong. This is due to the fact that insurance firms provide as a safety net for people and businesses in the event of unforeseen circ*mstances. Customers are more inclined to trust insurance providers since insurance plans are intended to safeguard people's money, health, and livelihoods. In order to maintain their financial stability and ability to keep their commitments to clients, insurance firms must also abide by stringent rules and norms. As a result, insurance firms are regarded as being dependable and trustworthy, making them a popular option for consumers seeking security and safety.

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Last year sales of XYZ company are Rs. 900,000 and 80% sales are on credit. Gross profit margin is 25% on sales. The closing stock value is Rs. 90,000. What must be the inventory turnover ratio and age of inventory of the firm?​

Answers

The inventory turnover ratio of the firm is 7.5 times, and the age of inventory is 48.67 days.

What is turnover?

In business and finance, turnover refers to the total amount of revenue generated by a company through its operations over a specific period of time, typically a year. It can also refer to the rate at which a company's inventory is sold and replaced over a given period of time, usually a year. Turnover can be measured in terms of sales revenue, number of units sold, or number of transactions processed.

In accounting, turnover can also refer to the number of times a particular asset, such as inventory or accounts receivable, is replaced or converted into cash over a specific period of time. This is commonly referred to as the inventory turnover ratio or accounts receivable turnover ratio, respectively.

In general, turnover is an important metric used to evaluate a company's financial performance and efficiency, as it indicates how effectively a company is able to generate revenue from its operations and manage its assets.

To calculate the inventory turnover ratio and age of inventory of the firm, we need to use the following formulas:

Inventory turnover ratio = Cost of goods sold / Average inventory

Age of inventory = 365 days / Inventory turnover ratio

To calculate the cost of goods sold, we first need to calculate the total sales and the gross profit.

Total sales = Rs. 900,000

Credit sales = 80% of total sales = 0.8 x Rs. 900,000 = Rs. 720,000

Cash sales = Total sales - Credit sales = Rs. 900,000 - Rs. 720,000 = Rs. 180,000

Gross profit = Gross profit margin x Total sales = 0.25 x Rs. 900,000 = Rs. 225,000

Cost of goods sold = Total sales - Gross profit = Rs. 900,000 - Rs. 225,000 = Rs. 675,000

To calculate the average inventory, we need to add the opening and closing stock values and divide by 2.

Closing stock value = Rs. 90,000

Assuming that the opening stock value is the same as the closing stock value, the average inventory is (Rs. 90,000 + Rs. 90,000) / 2 = Rs. 90,000

Now we can calculate the inventory turnover ratio and the age of inventory:

Inventory turnover ratio = Cost of goods sold / Average inventory = Rs. 675,000 / Rs. 90,000 = 7.5 times

Age of inventory = 365 days / Inventory turnover ratio = 365 days / 7.5 times = 48.67 days

Therefore, the inventory turnover ratio of the firm is 7.5 times, and the age of inventory is 48.67 days. This means that the company sells its entire inventory 7.5 times in a year, and it takes around 48.67 days to sell its inventory.

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adama has just been hired as a buyer at a u.s. company that imports goods from taiwan. she does not know anything about the taiwanese culture, but she is being sent to taipei next week. between adjusting to her new role and preparing for the business portion of her trip, adama will not have much time to learn about her hosts. which of the following is something she should do to help ensure that she communicates effectively during her meetings in taiwan?

Answers

She must uphold appropriate formality and be respectful of cultural differences. Thus, option 1 is correct.

What is a group that exists within a larger culture yet has a clear identity of it own called co-culture?

A group is said to have a co-culture if it considerably diverges from the larger culture from which it hails and with which it has many things in common. These co-cultures are able to thrive thanks to the several subcategories that make up cultures. Chinatowns, for example, can be found in many places around the globe.

The integrated and sustained system of socially acquired values, beliefs, and standards of behaviour that constitute culture has an impact on the range of acceptable behaviours that can be used to differentiate one socioeconomic group from another.

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Complete question:

Adama has just been hired as a buyer at a U.S. company that imports goods from Taiwan. She does not know anything about the Taiwanese culture, but she is being sent to Taipei next week. Between adjusting to her new role and preparing for the business portion of her trip, Adama will not have much time to learn about her hosts. Which of the following is something she should do to help ensure that she communicates effectively during her meetings in Taiwan?

She must uphold appropriate formality and be respectful of cultural differences.She must maintain a long-term orientationShe must maintain Caux Round Table Principles for Business.She must have quality writing that expresses your ideas printed in the company newsletter.

An organization needs to improve fault tolerance to increase data availability. However, the organization has a limited budget. Which of the following is the BEST choice to meet the organization's needs?
A. RAID
B. Backup system
C. Cluster
D. UPS

Answers

The correct option is A. RAID (Redundant Array of Independent Disks) is the BEST choice to meet the organization's needs.

RAID is an information storage virtualization era that combines a couple of bodily disk drive additives into one or extra logical devices for the functions of information redundancy, performance improvement, or both. that is in comparison to the previous idea of pretty dependable mainframe disk drives referred to as "single large pricey disk" (SLED).

Facts are distributed across the drives in one among numerous approaches, known as RAID tiers, depending on the required degree of redundancy and overall performance. The special schemes, or facts distribution layouts, are named by way of the phrase "RAID" followed by a number, for instance, RAID zero or RAID 1. every scheme, or RAID level, gives unique stability to most of the key dreams: reliability, availability, overall performance, and capacity. RAID tiers extra than RAID zero offer safety against unrecoverable area study errors, in addition to against disasters of whole bodily drives.

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Suppose a plaintiff alleges that a North Carolina campaign-financing law violates his First Amendment (to the United States Constitution) free speech rights. This case _____, and it falls under _____ jurisdiction.
O raises a federal question; exclusive federal
O raises a federal question; concurrent
O raises a state question; concurrent
O raises a state question; exclusive state
O raises a state question; exclusive federal

Answers

Let's say a plaintiff claims that a campaign finance law in North Carolina infringes his First Amendment freedom of speech rights. This case, which is within the scope of jurisdiction, concerns an exclusive federal issue.

Is federal law the only applicable law?

Legal actions brought in either a civil court against by the United States or its agents are exclusively subject to federal courts' subject-matter jurisdiction. In other words, only a federal court may hear any action that involves the US State is a claimant or defendant.

What qualifies a case as a federal issue?

A real question of law or dispute that, because it involves a treaty, an international agreement, a federal statute, or the law of the United States, can be initially decided by a federal court in the country.

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it is critical that you keep the unique account number that you actually use to makeyour eft payment.T/F

Answers

The statement "it is critical that you keep the unique account number that you actually use to make your eft payment." is true. It is because the unique account number is used for schedule our visa interview appointment, so we have to keep it.

In the term of business and financial economy, Electronic funds transfer also can be called as EFT. EFT generally can be defined as the electronic transfer of money from one bank account to another. Electronic fund transfer can be used to transfer money either within a single financial institution or across multiple institutions. It is also can be used either via computer-based systems or without the direct intervention of bank staff.

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Which of the following is used by advertisers to determine the best method to reach their target markets?
answer choices
mass mailing email
big data
flyers

Answers

Option a: Television advertising. Television advertising is used to market and sometimes utilize influencers.

Advertising is the practices and techniques used to draw attention to products and services. Advertising is intended to spotlight a product or service in hopes of grabbing the consumer's attention.

It is typically used to promote a specific product or service, but it can be used for a variety of purposes. , the most common being commercial advertising.

Commercial advertising often seeks to increase consumption of products and services through 'branding', which associates a product name or image with a particular quality in the consumer's mind.

Ads that aim to generate immediate sales, on the other hand, are known as direct response ads. Non-profit organizations that promote more than consumer goods and services include political parties, advocacy groups, religious groups, and government agencies.

Nonprofits can use free persuasion tools such as: B. Public Notice. Advertising also helps reassure employees and shareholders that the business is viable or successful.

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Complete question:

___,which are used in digital advertising, are heavily used to market and sometimes utilize influencers.

A) televisión advertising

B) Email marketing

C) Social media platforms

D) Mail marketing

How can developing a skilled work force maintain quality and how could motivate others

Answers

Answer:

Developing a skilled workforce is crucial for maintaining quality and improving productivity, leading to higher customer satisfaction and reduced employee turnover. Clear goals, expectations, and feedback can motivate employees, as well as offering growth opportunities and recognition for good performance.

because the zero point is fixed in interval scales, it is not meaningful to take ratios of scale values. ratios of differences between scale values are permissible.

Answers

False, Taking ratios of scale values is meaningless because the zero scale is not stable. However, ratios of scale value differences are acceptable.

On a ratio scale, what does the 0 point represent?

The zero on a ratio scale has a real value, or a value that has meaning. Using the real zero value of a ratio scale, it is possible to express the magnitude of a quantity.

What consequences does the arbitrarily chosen zero point in an interval scale have?

Since the location of the zero point is not fixed on an interval scale, the origin characteristic is missing. Any positive linear transformation of type y - a + bx retains the scale's characteristics. Given that the zero scale is unstable, taking ratios of scale values is nonsensical. Differences in scale values are permitted in ratios, though.

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The complete question is:

Because the zero point is fixed in interval scales, it is not meaningful to take ratios of scale values. ratios of differences between scale values are permissible. True / False

Hello,Please, Note I Have Done Pa Ot But I Will Need Some Help With The Ones In Red.Revenue Journal And (2024)

References

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