Crane Industries should plan to maintain its cash balance equal to or greater than the sum of its monthly cash disbursements for each of the three months since the amount collected in each month will not be equal to the amount of credit sales, resulting in a shortfall that must be covered.
Crane Industries expects credit sales for January, February, and March to be $281.600, $332,800, and $384.000, respectively. It is expected that 75% of the sales will be collected in the month of sale.Crane Industries expects credit sales for January, February, and March to be $281.600, $332,800, and $384.000, respectively. It is expected that 75% of the sales will be collected in the month of sale.
This implies that for January, out of the total credit sales of $281,600, 75% of the amount would be collected in the same month which is
0.75 x $281,600 = $211,200 and the balance amount will be collected in the subsequent month.
Similarly, for February, out of the total credit sales of $332,800, 75% of the amount would be collected in the same month which is
0.75 x $332,800 = $249,600
and the balance amount will be collected in the subsequent month.
Finally, for March, out of the total credit sales of $384,000, 75% of the amount would be collected in the same month which is
0.75 x $384,000 = $288,000 and the
balance amount will be collected in the subsequent month.
Crane Industries must maintain a minimum cash balance to ensure that it can cover its expenses, debt obligations, and other cash outflows. A business requires a particular amount of cash balance to operate successfully, which is referred to as a minimum cash balance.
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An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?
ITS 7TH GRADE MATH BTW!
Answer:
it's 56.
Explanation:
70*0.8=56
the price of a bouquet of tulips in france is 4 euros. jenna algren, a frequent international traveler, found that a similar bouquet of tulips cost only 3 euros in belgium. this demonstrates that the benefit of adopting the euro as a common currency is that it group of answer choices makes it easier to compare prices across europe. makes europe an optimal currency area. increases the range of investment options open only to institutions. leads to higher prices, which translate into substantial gains for european producers. decreases competition because it has become harder for consumers to shop around.
This demonstrates that the benefit of adopting the euro as a common currency is that it makes it easier to compare prices across Europe
A government commonly issues and distributes money, which is a generally accepted form of payment, under its territorial boundaries. The value of any currency in relation to other currencies fluctuates often. Currency is the material manifestation of money, which is an invisible system of value. Despite the fact that some officially tie the value of their currencies to the US dollar, numerous nations accept it as a form of payment. The only type of digital currency in the twenty-first century is cryptocurrency. When several currencies from several nations are united, one currency results.
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A company that is organized by function will group its employees into teams based on what?
This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.
What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.To learn more about organisational structure, refer to:
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The person being interviewed is known as:
A. potential employee
B. employee
C. job applicant
D. interviewee
Answer:
D
Explanation:
how much will sue receive from the bank?
Answer:
the amount she sues for
Explanation:
Develop a marketing plan for a small business (either real or fictional).
Developed marketing plan for a small business is a fictional.
An example of a marketing plan. Based on the watch market's reputation and our strengths, General introduces the Spree watch. Half of the buyers of branded fashion watches are between the ages of 18 and he is 34. This group is our primary market segment, with more watch purchases per person than older watches.
A marketing plan is a document outlining a company's marketing activities over the coming period (usually his year). It outlines the marketing strategies and promotional and advertising activities planned for this period.
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You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan
Answer: i would say b
Explanation:
the three stages of an individual distributor audit are in order:
The three stages of an individual distributor audit, in order, are planning and risk assessment, fieldwork, and reporting.
The first stage of an individual distributor audit is planning and risk assessment. During this stage, auditors gather information about the distributor's operations, including its internal controls, processes, and financial statements. They assess the potential risks and identify areas that require closer scrutiny. This stage helps auditors develop an audit plan tailored to the specific distributor and its circumstances.
The second stage is the fieldwork phase. In this stage, auditors conduct detailed testing and examination of the distributor's financial records, transactions, and internal controls. They verify the accuracy and completeness of financial information, review supporting documentation, perform substantive tests, and assess compliance with relevant laws and regulations. The fieldwork phase involves procedures such as sample testing, interviews with key personnel, and physical inspections.
The final stage of an individual distributor audit is reporting. After completing the fieldwork, auditors analyze their findings, draw conclusions, and prepare an audit report. The report includes a summary of the audit procedures performed, the auditor's opinion on the distributor's financial statements, and any identified weaknesses in internal controls or compliance. This report provides stakeholders, such as shareholders, management, and regulatory authorities, with an independent assessment of the distributor's financial position, performance, and adherence to applicable standards.
In summary, the three stages of an individual distributor audit—planning and risk assessment, fieldwork, and reporting—follow a systematic approach to ensure a comprehensive examination of the distributor's financial records, processes, and controls, leading to an objective and informative audit report.
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true or false? as buying behavior changes, the inbound philosophy will also evolve.
It is false that as buying behaviour changes the inbound philosophy will also evolve.
What is philosophy?Philosophy refers to the systematized study of general and fundamental questions, such as those about existence, reason, knowledge, values, mind, and language. Such questions are often posed as problems to be studied or resolved. Some sources claim the term was coined by Pythagoras in c. 570 to c. 495 BCE, although this theory is disputed by some. Philosophical methods include questioning, critical discussion, rational argument, and systematic presentation.
Philosophy encompassed all bodies of knowledge and a practitioner was known as a philosopher.
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Futuristic Electronic Technologies (FET) recently released a new advanced electronic micro system to be used by financial institutions, large corporations, and governments to process and store financial data, such as taxes and automatic payroll payments. Even though FET developed the technology used in the creation of the product, FET’s competitors are expected to possess similar technology soon. To beat the competition to the market, FET introduced its new micro system a little earlier than originally planned. In fact, laboratory testing had not been fully completed before the product reached the market. The tests are complete now, and the final results suggest the micro system might be flawed with respect to how some data are retrieved and processed. The tests are not conclusive, though, and even if additional testing proves that a flaw does exist, according to FET, it is of minuscule importance because the problem seems to occur for only one out of 100 million retrieval and processing attempts. The financial ramifications associated with the flaw are unknown at this time.
Assume that you are one of FET’s senior executives whose annual salary is based on the performance of the firm’s common stock. You realize that if FET recalls the affected micro system, the stock price will suffer; thus, your salary for the year will be less than you expected. To complicate matters, you just purchased an expensive house based on your salary expectations for the next few years—expectations that will not be realized unless the new micro system is a success for FET.
As one of the senior executives, you will help determine what course of action FET will follow with respect to the micro system. What should you do? Should you encourage FET to recall the micro system until further testing is completed? Or can you suggest another course of action.
Here are some considerations to help guide your decision-making process:
1. Ethical Responsibility: First and foremost, you have a responsibility to prioritize the interests of the customers who rely on FET's micro system.
2. Transparency and Communication: It is crucial to maintain open and honest communication with customers and stakeholders. Disclosing the potential flaw, even if it affects a small percentage of retrieval and processing attempts, demonstrates integrity and builds trust. It allows customers to make informed decisions and take necessary precautions.
3. Risk Assessment: While the flaw may seem insignificant based on the current testing results, it is important to conduct further comprehensive testing to determine the extent and potential impact of the flaw. This will help in making an informed decision about the course of action.
4. Long-Term Perspective: Consider the long-term reputation and success of FET. A recall and further testing may lead to short-term financial setbacks, including a potential decrease in stock price.
5. Mitigating Measures: Instead of an immediate recall, you could consider implementing temporary mitigating measures while conducting additional testing.
Ultimately, the course of action should prioritize customer safety, uphold ethical standards, and maintain transparency and trust.
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If the reserve ratio is 5 percent, banks do not hold excess reserves, and people do not hold currency, then when the Fed sells $20 million worth of government bonds, bank reserves
decrease by $20 million and the money supply eventually decreases by $100 million.
increase by $20 million and the money supply eventually increases by $400 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
increase by $20 million and the money supply eventually increases by $100 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
The correct option is: decrease by $20 million and the money supply eventually decreases by $400 million.; if the reserve ratio is 5 percent, banks do not hold excess reserves.
Define the term reserve ratio?The amount of reservable liabilities than commercial reserve requirement onto rather than lend off and invest is known as the reserve ratio.
The central bank of the nation, in this case the Federal Reserve in the United States, sets this criterion. It is often referred to as the ratio of cash reserves.
The amount of money that banks are required to hold with the Reserve Bank of India as a percentage of their Net Time and Demand Liabilities is known as the Cash Reserve Ratio (NDTL).
The goal of CRR is to guarantee the banks' solvency and liquidity.
Thus, if a reserve ratio is 5%, banks do not store extra reserves, and people must not hold currency, the money supply will eventually fall by $400 million and by $20 million.
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Which of the following statements is FALSE? A. Rent controls are examples of price floors. B. Price controls may take the form of price ceilings or price floors. C. Price ceilings below the equilibrium price can cause black markets to develop. D. The rationing function of prices is not allowed to freely operate when the government imposes price controls.
Answer:
A. Rent controls are examples of price floors.
Explanation:
Price floors are kind of like the lowest price that one can legally pay for some service whereas Price control prevent prices from going above a certain maximum point. Rent controls are often called price ceilings and part of Price control
The semi automatic lathe is 10000$ and the automatic lathe is is 100000 in the case what is the best among three options depending on the part quantity range
When deciding between a semi-automatic and automatic lathe, the best option depends on the part quantity range. If the production volume is low and the parts are relatively simple, then the semi-automatic lathe may be the more cost-effective choice.
The initial investment cost is significantly lower, and it requires less operator training and maintenance.
However, if the production volume is high and the parts are complex, then the automatic lathe may be the better option. It can handle larger volumes and more intricate parts with minimal operator intervention. While the upfront investment cost is much higher, it may be more efficient and cost-effective in the long run.
Ultimately, it is important to consider the specific needs of your production process and weigh the costs and benefits of each option. Consult with industry experts and evaluate the potential return on investment before making a decision.
To determine the best option among the semi-automatic lathe and the automatic lathe based on part quantity range, you need to consider the cost of each machine and their production capabilities. Here's a concise comparison:
1. Semi-automatic lathe ($10,000): This machine is more cost-effective upfront, making it suitable for small-scale manufacturing or producing lower part quantities. However, it might require more manual intervention and may not be as efficient in terms of production time.
2. Automatic lathe ($100,000): This machine is more expensive upfront, but it offers higher production efficiency, as it can produce parts with minimal manual intervention. This makes it suitable for large-scale manufacturing or when higher part quantities are required.
To choose the best option, consider the following factors:
- Production requirements: If you need to produce a high quantity of parts quickly, the automatic lathe may be the better choice.
- Budget constraints: If you have a limited budget, the semi-automatic lathe might be more suitable.
- Return on investment (ROI): Calculate the ROI for both machines based on your production needs and costs, and select the option that offers the best ROI over time.
In conclusion, the best choice depends on your production requirements, budget, and expected ROI. For lower part quantities, the semi-automatic lathe may be more suitable, while the automatic lathe is better for higher part quantities or more significant production demands.
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at equilibrium in this economy, what is the relationship between planned savings and planned investment
When an economy is at equilibrium, the relationship between planned savings and planned investment is that they are equal. This means that the amount of money that individuals and firms intend to save equals the amount of money they plan to invest in capital goods.
Equilibrium is a state of balance or stability. In the context of an economy, equilibrium refers to a situation in which the aggregate demand for goods and services in the economy equals the aggregate supply of those goods and services. In other words, in an economy at equilibrium, the total quantity of goods and services demanded by households, businesses, and the government is equal to the total quantity of goods and services produced and supplied by firms at a given price level. At this level of production and demand, there is no excess supply or excess demand for goods and services, and the economy is in a state of balance.
At equilibrium, the relationship between planned savings and planned investment is that they are equal. This means that the amount of money that individuals and firms intend to save equals the amount of money they plan to invest in capital goods.This relationship is known as the savings-investment equality. It arises because the total income earned in the economy is either spent on consumption goods or saved for future consumption.
If income is saved, it can be used to finance investment in capital goods, which increases the productive capacity of the economy.In an economy at equilibrium, the savings-investment equality ensures that the level of investment in the economy is sufficient to support the level of savings by households and businesses. If planned investment is less than planned savings, there will be excess savings in the economy, which will put downward pressure on interest rates. On the other hand, if planned investment is greater than planned savings, there will be excess investment, which will put upward pressure on interest rates.
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dentify all of the strategies below that could be used to successfully hedge an anticipated future purchase. A. Long call B. Long call and short put C. Long put and short call D. Long put
To successfully hedge an anticipated future purchase, the following strategies can be employed. Long call, Long call and short put, Long put and short call and Long put. Hence all of the options (A,B,C,D) are correct.
A. Long call: This strategy involves buying a call option, which gives the holder the right, but not the obligation, to purchase the underlying asset at a predetermined price (strike price) within a specified period. It provides protection against the price of the asset increasing beyond the strike price. B. Long call and short put: This combination involves buying a call option and simultaneously selling a put option. It provides both upside potential through the call option and limited downside protection from the premium received by selling the put option.
C. Long put and short call: This strategy involves buying a put option and simultaneously selling a call option. It provides downside protection from the put option while limiting the potential upside through the premium received by selling the call option. D. Long put: This strategy involves buying a put option, which provides protection against a decline in the price of the underlying asset. It allows the holder to sell the asset at the strike price, thereby limiting potential losses. Hence, options (A,B,C,D) are correct.
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A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge
Career connection Follow the instructions and record your work in the
Make your interview as strong as you can because it could mean the difference between landing your ideal job or not.
What is Career connection ?It is extremely valuable to seek the advice of an industry mentor, leader, or seasoned professional because you will not only learn about the person's specific job but also about the industry as a whole, how they got to where they are in the field, whether you would enjoy their work, and how to structure your own career goals from an industry expert.
Send a request for an informative interview through email or phone to the person's workplace to arrange a non-formal interview regarding their position.
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If joey were single and his taxable income was $9,800, how much would he pay in taxes each year?.
According to the tax bracket established by the US government in 2018, a single adult making between $0 and $9,500 annually is subject to a 10% tax rate.
Assuming Joey has no extra tax deductions, the amount of taxes Joey would have to pay is:
$ 9,800 x 10% = $ 980
Calculate your US federal income tax using IRS formulae for 2021, 2020, 2019, 2018, 2017, 2016, 2015, or 2014. Only taxable income will be used by the calculator to determine your tax. does not include additional taxes or income credits. excludes self-employment tax for independent contractors.
Your net income, or how much money is left over after taxes or other payments, is also taken into account. Any additional taxes you may owe are not taken into account.
The calculator will also calculate tax as a percentage of your taxable income based on the tax bracket you enter.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.
1. collect and analyze data, and present the results to clients
2. keep up to date on current product trends
3. look at analyses conducted by other firms, and inform clients of the findings
4.test different marketing strategies to identify the best one
Producing research involves gathering and evaluating data, as well as presenting the findings to clients.
Consuming - One activity related to consuming research is staying current on market trends. This is due to the fact that current research or data on product trends are reviewed and analyzed rather than fresh research being conducted.
Generating - A task included in producing research is testing many marketing techniques to find the most effective one. This is due to the fact that it entails performing fresh research by testing various marketing methods and assessing the outcomes to establish the most effective course of action.
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Classify the following costs as either:
a. fixed
b. variable
Type in either a or b for your answer. Do not type out fixed or variable.
Depreciation
Administrative salaries
Direct materials
Property taxes
Sales commissions
Direct labor
Equipment used in production that uses oil Plastic\sVariable
Property taxes on the factory structure and equipment are $165,000 per year.
Fixed Costs of the plant manager's salary
Fixed labor of charges for hourly workers
Variable Packaging\sVariable
Costs for factory cleaning are $6,000 per month.
Fixed Metal\sVariable
Rent for the warehouse is $10,000 per month plus $25 for each storage square foot used.
Mixed $3,600 monthly for property insurance plus $0.01 for every dollar beyond $1,200,000 in total Equipment depreciation calculated on a straight line
Fixed Machine operator hourly pay is variable
Cost of electricity, variable at $0.20 per kilowatt-hour.
electronic chip (purchased from a vendor)sVariable
Pension expense, $1.00 per hour of employment, sVariable
What is fixed costs?The term "fixed costs" in accounting and economics refers to corporate expenses that are independent of the volume of goods or services that a company produces. It is also used to refer to indirect costs or overhead costs. Like interest payments or monthly rent, they frequently occur again. Most of these expenses are capital expenses.
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Describe whether the goods or services produced and sold in this market are ""homogeneous"" or ""differentiated.
In order to determine whether the goods or services produced and sold in a particular market are "homogeneous" or "differentiated," we need to consider the level of product differentiation among the offerings in that market.
If the goods or services produced and sold in the market are essentially identical or very similar across suppliers, then they can be considered homogeneous. This means that consumers perceive little to no difference between the offerings and base their purchasing decisions primarily on price or convenience. Examples of markets with homogeneous goods include agricultural commodities like wheat or corn, where the products are largely indistinguishable.
On the other hand, if the goods or services in the market exhibit distinct features, characteristics, or branding that set them apart from one another, then they are considered differentiated. In differentiated markets, consumers have preferences based on factors beyond just price and may choose one offering over another due to perceived quality, branding, design, features, or other unique attributes. Examples of differentiated markets include automobiles, smartphones, or luxury goods.
It's important to note that markets can exist along a continuum, with varying degrees of homogeneity or differentiation. Some markets may have a mix of homogeneous and differentiated products, depending on specific segments or niches within the market.
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an auditor decides to perform substantive tests on a client's property and equipment balance as of an interim date. the auditor has not obtained evidence about the operating effectiveness of relevant controls. what additional work must be performed to extend the audit conclusions from the interim date to the balance sheet date?
An auditor who performs substantive tests on a client's property and equipment balance as of an interim date and has not obtained evidence about the operating effectiveness of relevant controls must perform additional work, including performing additional substantive procedures, assessing the risk of material misstatement, testing controls, and evaluating the audit evidence, to extend the audit conclusions from the interim date to the balance sheet date.
What are the additional workThis additional work includes:
1. Performing additional substantive procedures: The auditor must perform additional substantive procedures to obtain evidence about the transactions and events that occurred from the interim date to the balance sheet date. This may include examining invoices, purchase orders, and other documents to ensure that the property and equipment balance is accurately recorded.
2. Assessing the risk of material misstatement: The auditor must assess the risk of material misstatement in the property and equipment balance as of the balance sheet date. This may involve performing risk assessment procedures, such as inquiries of management and analytical procedures, to identify any potential risks of material misstatement.
3. Testing controls: If the auditor has not obtained evidence about the operating effectiveness of relevant controls, they must test the controls to determine whether they are operating effectively. This may involve testing the design and implementation of the controls and performing tests of operating effectiveness.
4. Evaluating the audit evidence: The auditor must evaluate the audit evidence obtained from the additional work performed to extend the audit conclusions from the interim date to the balance sheet date. This may involve assessing the sufficiency and appropriateness of the evidence and drawing conclusions about the property and equipment balance as of the balance sheet date.
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Which of the following taxes would be least likely to appear in a list of the most important sources of tax revenue for the federal government?
a. corporate income taxes
b. individual income taxes
c. property taxes
d. consumption taxes
e. payroll taxes
Consumption taxes taxes would be least likely to appear in a list of the most important sources of tax revenue for the federal government. The answer is OPTION D.
A consumption tax is a tax that is levied on consumer spending as opposed to income. This makes sure that there is just one tax on the income and that the tax system is neutral with regard to both present and future consumption. A system of consumption taxes would move the collection period from when money is generated to when it is spent.
The cost of some products and services is subject to the goods and services tax (GST), an indirect federal sales tax. When a customer purchases a product, they pay the sales price inclusive of the GST after the firm has added the GST to the product's cost.
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Which career is best described by someone who buys materials, products, and services for an organization?
O Wholesale Buyer
O Marking Clerk
O Purchasing Agent
O Stock Clerk
Answer:
Purchasing Agent
Explanation:
Purchasing agents work in the procuring department under the purchasing manager. Their role is to procure supplies, equipment, and services for a company. Purchasing agents ensure the business operations do not stop due to lack of supplies.
Ideally, purchasing agents should be good negotiators. They have to balance cost and quality when purchasing. The objective is to buy the best quality of goods or services for the lowest price and adequate quantities.
Answer:
C. Purchasing Agent
Explanation:
They buy supplies needed for there organization or business.
Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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Centrifugal is a bike rental company operating in the UK. Centrifugal have two main customer groups:
Members who pay a monthly subscription fee and can use the bikes as often as they like during the month
Casual Riders who pay on per ride basis.
Data on the total number of rides over the past six months was collected and can be found on the Centrifugal Worksheet.
Last year the average number of daily Casual Rides was 500. Centrifugal has since increased promotion of their casual service. Conduct a test at the 10% level of significance to determine if the average number of casual riders has increased since then.
Week Day Total Bike RidesCasual Rides Member Rides
The company Centrifugal is bike rental company in the United Kingdom. Centrifugal has two main customer groups. The first group are Members who pay a monthly subscription fee and can use the bikes as often as they like during the month. The second group are Casual Riders who pay on per ride basis.
The given data states that the last year the average number of daily Casual Rides was 500. Centrifugal has since increased promotion of their casual service. So we need to conduct a test at the 10% level of significance to determine if the average number of casual riders has increased since then. The data collected over the past six months is given on the Centrifugal Worksheet. We need to find out if the mean of casual rides has increased or not.Let µ be the mean of daily Casual Rides, now our hypothesis will be:
H0: µ ≤ 500 (The average number of Casual Rides per day has not increased)H1: µ > 500 (The average number of Casual Rides per day has increased)We will use a one-tailed t-test to check the hypothesis at a significance level of α = 0.10. I am unable to include the worksheet image and calculation here but I can show you the steps you have to follow to find the solution.
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A census is a regularly-occurring and official count of a particular population. Census data available at the United States Census Bureau website are an example of:_______.
A. Private information
B. Public behavior
C. Private behavior
D. Public information
Considering the demographic information analysis, the Census data available at the United States Census Bureau website are an example of "public information."
What is Public Information?Public Information is a term that is used to describe any information that is made available to the public regardless of the nature or format of the information.
Census Data as a Public InformationGiven that Census data are posted to the United States Census Bureau website where anybody from anywhere in the world can access the information, this is an example of Public Information.
Hence, in this case, it is concluded that the correct answer is option D. Public Information.
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The Statute of Frauds does not require that the signature be handwritten; any identification of the party which signifies his or her assent is sufficient. True or false?
Due to the Statute of Frauds, certain contracts must be in writing in order to be upheld in court. True
This includes contracts for the sale of goods over a certain value, contracts for the transfer of real property, and contracts that cannot be performed within one year. While many people assume that the Statute of Frauds requires a handwritten signature on the written contract, this is not necessarily the case.
Any form of identification that signifies the party's assent to the terms of the contract may be sufficient, such as an electronic signature or a stamp with the party's name. Ultimately, the key is to have a written record that clearly shows the agreement between the parties.
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What is a major function of the public sector
Answer:
Public sector provides many services such as; education, health and social care.