The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2.
Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6.
Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2013.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
ASSETS = Liabilities + Paid-in Capital + Retained Earnings
1
2
3
4
5
6
7
8
9
Answers
Answer:
Wainwright Corporation
ASSETS = Liabilities + Paid-in Capital + Retained Earnings
1 . Assets (Cash) increase $30,000 = Liabilities + Paid-in Capital increase $30,000 + Retained Earnings
2 . Assets (Equipment) increase $40,000 and (Cash) decrease -$10,000 = Liabilities increase $30,000 + Paid-in Capital + Retained Earnings
3 . Assets (Inventory) increase $90,000 = Liabilities (Notes Payable) increase $90,000 + Paid-in Capital + Retained Earnings
4 . Assets (Inventory) decrease -$70,000 + (Accounts Receivable) increase $120,000 = Liabilities + Paid-in Capital + Retained Earnings increase $50,000
5 . Assets (Cash) decrease -$5,000 + (Insurance Prepaid) increase $5,000= Liabilities + Paid-in Capital + Retained Earnings
6 . Assets (Cash) decrease -$6,000 = Liabilities + Paid-in Capital + Retained Earnings -$6,000
7. Assets (Cash) decrease -$70,000 = Liabilities (Accounts Payable) decrease -$70,000 = Paid-in Capital + Retained Earnings
8 . Assets (Cash) increase $55,000 and decrease (Accounts Receivable) -$55,000 = Liabilities + Paid-in Capital + Retained Earnings
9. Assets (Equipment) decrease -$1,000 = Liabilities + Paid-in Capital + Retained Earnings decrease -$1,000.
Explanation:
a) The accounting equation states that Assets are equal to Liabilities Plus Paid-in Capital Plus Retained Earnings. This equation is very important in accounting as it keeps the two sides of the balance sheet in balance. The equation shows that assets are funded by liabilities or equity or profits from operation.
b) When common stock is issued for cash, Assets increase and Paid-in Capital increase.
c) The purchase of equipment increases Assets by $40,000 and decreases Assets by $10,000 (for cash payment) and increases Liabilities by $30,000 as note payable.
d) Assets increase by $90,000 with inventory purchased on account and Liabilities (Accounts Receivable) increases by the same amount.
e) Payments for Rent for March will decrease Assets (Cash) and decrease Retained Earnings.
f) The Insurance cost of $6,000 paid in advance will decrease Assets (Cash) and increase Assets (Insurance Prepaid) without affecting the other side of the equation.
g) Depreciation expense also decreases Assets (Equipment) and decreases the Retained Earnings by $1,000 respectively.
Related Questions
What is the next number in the sequence -1, 4,21,56,115,204,…?
Answers
After 204, the next number that would be in the sequence is 329 such that we would have -1, 4,21,56,115,204, 329
How to solve for the sequenceWe have to solve this by following the digits from 1 to 7 in an ascending order.
The values would have to be raised to the power of three and then subtract the value multiplied by 2.
Mathematically we are going to have the following.
1³ - (1x2) = 1 - 2 = -1
2³ - (2 x 2) = 8 - 4 = 4
3³ - (3 x 2) = 27 - 6 = 21
4³ - (4 x 2) = 64 - 8 = 56
5³ - (5 x 2) = 125 - 10 = 115
6³ - (6 x 2) = 216 - 12 = 204
7³ - (7 x 2) = 343 - 14 = 329
Hence the next number that would follow in the sequence would be 329. Such that we would have -1, 4,21,56,115,204, 329
Read more on sequence here:
https://brainly.com/question/6561461
#SPJ1
Which of the following is an output of the process of controlling costs?
a. Cost forecasts c. Basis of estimates
b. Project funding requirements d. Scope baselines
Answers
Project funding requirements is an output of the process of controlling costs. "Cost projections" are the result of the cost control process.
A crucial component of project management is controlling costs, which is keeping track of project spending to make sure they stay within the allocated budget. Monitoring and reporting project costs, spotting differences between actual and anticipated expenses, and, if required, taking corrective action to get the project back on track are all parts of the process of controlling costs. Planning carefully, estimating precisely, and monitoring diligently are all necessary for effective cost control. Organizations may make the most of their resources, guarantee that projects are finished on schedule, and stay within budget by controlling project expenses properly. This can improve project performance, preserve stakeholder satisfaction, and ultimately raise the likelihood that the project will succeed.
Learn more about controlling costs here:
https://brainly.com/question/30002339
#SPJ4
Which of the following statements would not be an appropriate guideline for successful business plan development?
a. Highlight critical risks.
b. Avoid exaggeration.
c. Do not overdiversify.
d. Orient the plan to the present
Answers
The statement that would not be an appropriate guideline for successful business plan development is d. Orient the plan to the present would not be an appropriate guideline for successful business plan development.
A successful business plan should take a forward-looking approach and focus on the future potential of the business. While it is important to consider current market conditions and factors affecting the business environment, the plan should also outline a clear vision for the future and identify strategies for achieving that vision. Orienting the plan solely to the present could limit the scope of the plan and make it difficult to see the long-term potential of the business.
The other three guidelines (highlight critical risks, avoid exaggeration, and do not overdiversify) can all be important components of a successful business plan. By highlighting critical risks, the plan can help to anticipate and prepare for potential challenges and obstacles. By avoiding exaggeration, the plan can maintain credibility and increase the likelihood of securing funding or partnerships. By not overdiversifying, the plan can stay focused and prioritize resources more effectively.
To know more on business plan development
https://brainly.com/question/1395386
#SPJ4
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
For more question on research visit:
https://brainly.com/question/20365163
#SPJ8
The purposes of managerial accounting are to provide useful information to aid in: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. reviewing past activities
b. determining costs of products and services
c. determining costs of employee wages and salaries
d. comparing actual to planned results
Answers
The purposes of managerial accounting in providing useful information aids in:
reviewing past activities for future planningdetermining the costs of products and servicescomparing actual to planned results.Managerial accounting refers to an internal accounting branch that helps the managers to make better decisions.
Hence, the managerial accounting aids in reviewing past activities for future planning, determining the costs of products and services and comparing actual to planned results.
Hence, the Option A, B and D is correct.
Read more about Managerial accounting
brainly.com/question/4952511
Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,000 customers, but actually served 28,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.50q
Wages and salaries: $34,200 + $1.40q
Supplies: $0.80q
Insurance: $11,400
Miscellaneous expenses: $7,400 + $0.40q
The company reported the following actual results for February:
Revenue $139,800
Wages and salaries $69,000
Supplies $15,400
Insurance $11,400
Miscellaneous expense $22,700
Required:
Prepare the company's flexible budget performance report for February.
Answers
Answer:
Arrasmith Corporation
Flexible Budget Performance Report For February:
Flexible Actual Variance
Budget Budget
Revenue $126,000 $139,800 $13,800 F
Wages and salaries $73,400 $69,000 $4,400 F
Supplies 22,400 15,400 7,000 F
Insurance 11,400 11,400 0 None
Miscellaneous expense 18,600 22,700 (4,100) U
Total expenses $125,800 $118,500 $7,300 F
Explanation:
a) Data and Calculations:
Budgeted customers served = 36,000
Actual customers served = 28,000
Actual Results for February:
Revenue $139,800
Wages and salaries $69,000
Supplies $15,400
Insurance $11,400
Miscellaneous expense $22,700
Total expenses $118,500
Revenue and Cost Formulas:
Revenue: $4.50q
Wages and salaries: $34,200 + $1.40q
Supplies: $0.80q
Insurance: $11,400
Miscellaneous expenses: $7,400 + $0.40q
Flexing the budget with the Revenue and Cost Formulas:
Revenue: $4.50 * 28,000 = $126,000
Wages and salaries: $34,200 + $1.40 * 28,000 = $73,400
Supplies: $0.80 * 28,000 = $22,400
Insurance: $11,400
Miscellaneous expenses: $7,400 + $0.40 * 28,000 = $18,600
What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others come to you for advice about.
Answers
Answer:
Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.
Explanation:
Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.
Describe five ways in which Consumers can have an impact on the environment?
Answers
Answer:
When They makes their customers feel happy about their prices of their products
When they always makes sure they have all the products customers want and with suitable prices
C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:
i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks
Answers
i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.
ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.
iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.
iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.
What differentiates simple interest from compound interest?The difference between simple interest and compound interest is that simple interest is only based on the principal.
On the other hand, compound interest computes interest on both the principal and accumulated interest.
Simple Interest (Deposits at Beginning):Period Principal Interest Balance
1 K10,000 K500 K10,500 (K10,000 + K500)
2 20,000 1,000 21,500 (K10,500 + K10,000 + K1,000)
3 30,000 1,500 33,000
4 40,000 2,000 45,000
5 50,000 2,500 57,500
6 60,000 3,000 70,500
7 70,000 3,500 84,000
8 80,000 4,000 98,000
9 90,000 4,500 112,500
10 100,000 5,000 127,500
Simple Interest (Deposits at Ending):Period Principal Interest Balance
1 K10,000 K0 K10,000
2 20,000 500 20,500 (K10,000 + K10,000 + K500)
3 30,000 1,000 31,500
4 40,000 1,500 43,000
5 50,000 2,000 55,000
6 60,000 2,500 67,500
7 70,000 3,000 80,500
8 80,000 3,500 94,000
9 90,000 4,000 108,000
10 100,000 4,500 122,500
Compound Interest at Ending:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = K125,778.93
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K25,778.93
Compound Interest at Beginning:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = $132,067.87
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K32,067.87
Learn more about simple interest and compound interest at brainly.com/question/3402162
#SPJ1
On December 31, Westworld Incorporated has the following equity accounts and balances. Preferred Stock $ 7,000 Retained Earnings $ 45,000 Common Stock 1,000 Paid-In Capital in Excess of Par Value, Common Stock 39,000 Treasury Stock 2,000 Paid-In Capital in Excess of Par Value, Preferred Stock 3,000 Prepare the stockholders’ equity section of Westworld’s balance sheet.
Answers
Stockholders equity sectionPaid in the capital Common stock$1,000Additional paid-in capital in excess of par value-Common
What is capital?The capital is a city where a region's system of rules is located. This is where government constructions are and where government leaders work. A region can be determined as a nation, state, province, or another political unit.
stock$39,000$40,000 Preferred Stock$7,000Additional paid in capital in excess of par value-Preferred Stock$3,000$10,000Total Paid-in capital$50,000Retained earnings$45,000Total Paid-in capital and Retained earnings$95,000Less:Treasury stock-$2,000Total Stockholder's equity$93,000
Therefore, the stockholders’ capital equity section of Westworld’s balance sheet. Stockholder's equity$93,000
Learn more about capital here:
https://brainly.com/question/679709
#SPJ1
When calculating GDP, blank are added and blank are subtracted
Answers
When calculating GDP, Exports are added and Imports are subtracted.
What is GDP?A GDP is an acronym for Gross Domestic Product which helps to calculate the monetary values of goods and services available in the market. When these goods are purchased by the customers within a fixed period of time.
The calculation of GDP is based on the output based on the production and selling in the country. While calculating GDP the export is added as they show the incoming money in the market whereas imports are subtracted as they show the outgoing of money from the market.
Export refers to sending of goods for the purpose of selling to other countries. Imports refer to purchasing products from foreign countries due to the unavailability of resources.
Learn more about Import-export, here:
https://brainly.com/question/9443982
#SPJ1
Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.
Answers
Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.
Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.
This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.
for such more questions on sales
https://brainly.com/question/25743891
#SPJ8
Cost and Management Accounting (1)
Answers
(a)
(i) The direct material cost variance is RM25,200
(ii) The direct material price variance is RM0
(iii) The direct material usage variance is RM0
(iv) The direct labour cost variance (v) The direct labour rate variance is
(vi) The direct labour efficiency variance is RM59,400
How did we get the values?(a)
(i) The direct material cost variance is the difference between the actual cost and the budgeted cost of direct material:
12,600 kilos x RM2 per kilo = RM25,200
Actual cost - Budgeted cost = RM25,200 - RM12,000 = RM13,200 (Favourable)
(ii) The direct material price variance is the difference between the actual price per kilo and the standard price per kilo:
12,600 kilos x (RM2 per kilo - RM2 per kilo) = RM0
(iii) The direct material usage variance is the difference between the actual usage of direct material and the budgeted usage of direct material:
12,600 kilos - 6,000 kilos = 6,600 kilos
6,600 kilos x (RM2 per kilo - RM2 per kilo) = RM0
(iv) The direct labour cost variance is the difference between the actual cost and the budgeted cost of direct labour:
9900 hours x RM6 per hour = RM59,400
Actual cost - Budgeted cost = RM59,400 - RM30,000 = RM29,400 (Favourable)
(v) The direct labour rate variance is the difference between the actual rate per hour and the standard rate per hour:
9900 hours x (RM6 per hour - RM6 per hour) = RM0
(vi) The direct labour efficiency variance is the difference between the actual output and the budgeted output:
1800 units - 2000 units = -200 units
-200 units x 5 hours per unit = -1000 hours
-1000 hours x RM6 per hour = RM6,000 (Unfavourable)
(b)
Two possible reasons for the material variances are:
Changes in the price of raw materials: The actual price per kilo of direct material may have been different from the budgeted price due to changes in the market price of raw materials.
Changes in the usage of raw materials: The actual usage of direct material may have been different from the budgeted usage due to inefficiencies in production or changes in product design.
Two possible reasons for the labour variances are:
Changes in the wage rate: The actual rate per hour of direct labour may have been different from the budgeted rate due to changes in the wage rate negotiated with the workers.
Changes in labour efficiency: The actual efficiency of direct labour may have been different from the budgeted efficiency due to factors such as illness, absence, or changes in working conditions.
learn more about direct labour cost variance: https://brainly.com/question/25419606
#SPJ1
Higher education typically has a positive return on investment because of what?
Answers
Answer:
Explanation:
sgefg
According to the video, which of these skills and abilities will help a worker succeed in this career cluster? Check all
that apply
being alert
being a quick learner
having good
communication skills
being assertive
being flexible
being confident
Answers
Answer:
B, C, E
Explanation:
Answer:
B. being a quick learner
C. having good communication skills
E. being flexible
Explanation:
Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
Answers
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Jay deposits $10 a month for 10 years. The account is compounded monthly with an interest rate of 0.2%.
How much is in Jay's account at the end of 10 years?
Answers
The amount that is in Jay's account at the end of 10 years, given the rate and the deposit per month, is $ 1, 354.72
How to find the amount ?Seeing as Jay deposits every month and the same amount, this is an annuity which means that the value in 10 years will be the future value of that annuity.
First, convert the years to months :
= 10 x 12 months a year
= 120 months
The amount in the account after 10 years is:
= 10 x Future value of annuity factor, 120 periods, 0.2%
= 10 x 135.47224661373
= $ 1, 354.72
Find out more on annuities at https://brainly.com/question/14702616
#SPJ1
Darius Miller is seeking to accumulate $50,000 in six years to invest in a real estate venture. He can earn 6.35 percent annual interest with monthly compounding in private investment. How much will he have to invest today to reach his goal? (Round to the nearest dollar.)
Answers
Answer:
$34193
Explanation:
Given :
Final amount, A = $50000
Interest, rate, r = 6.35% compounded monthly
Period, t = 6 years
n = number of compounding times per period, monthly = 12 times per period
Amount to be invested, P = principal
Using the relation :
A = P(1 + r/n)^n*t
50,000 = P(1 + 0.0635/12)^(12*6)
50000 = P(1 + 0.0052916)^72
50000 = P(1.0052916)^72
50000 = 1.4622779P
P = 50000 / 1.4622779
P = $34193.226
Amount to be invested today in other to have compounded $50000 in 6 years is $34193.226
To the nearest $ = $34193
Can a business succeed without having ALL four of the Factors of Production (Land, Capital, Labor and Entrepreneurs)? Why or why not?
PLS HELP ILL MAKE U BRAINLIEST
Answers
A business can run properly and the problems are solved considering only labor and capital and sometimes land in the production process.
Lamar has budgeted to pay $150 each month on his credit card which has a $4,938 balance and has an annual finance rate of 19.9%. If he wants to pay the credit card off in 1 year, how much would he have to increase his monthly payment by?
Answers
Answer:
$303
Explanation:
To find the answer, we first convert the 19.9% annual rate to a monthly rate. The conversion results in a 1.5% monthly rate.
Next, we use the present value of an annuity formula to find the answer:
$4,938 = X [1 - (1 + 0,015)^-12] / (0,015)
$4,938 = X (10,9)
$4,938 / 10,9 = X
$453 = X
So, to pay off the credit card balance in one year, the monthly annuity is $453.
$453 - $150 = $303
So, the additional amount that Lamar would have to pay is $303
The amount that should increase the monthly payment is $303.
Calculation of the increment:Since Lamar has budgeted to pay $150 each month on his credit card which has a $4,938 balance and has an annual finance rate of 19.9%.
here we need to used the present value of an annuity formula
So,
$4,938 = X [1 - (1 + 0,015)^-12] / (0,015)
$4,938 = X (10,9)
$4,938 / 10,9 = X
$453 = X
Now the increment amount should be
= $453 - $150
= $303
So, the additional amount that Lamar would have to pay is $303
Learn more about credit card here: https://brainly.com/question/18841332
how are emailed cover letters different from paper cover letters? why is there a diffrence?
Answers
Answer: The email app is shaped as if the app is a mail paper but different because it’s an APP, when you open it’s a list and it shows the profile picture of the person who emailed.
Explanation: The is simply because it’s the internet.
Answer: its D (formal cover letter)
Explanation:
on edge
PLEASE YALL HELP
Imagine you just had an election between two candidates: Abby and Tanya. There are 10,000 voters. After you count each vote, you calculate the percent of the vote Abby has so far. (In other words, you record the percent of counted voters who voted for Abby after one vote is counted, then after a second vote is counted, then after a third vote is counted, etc.) If you graphed Abby's percent of support after each vote counted, with the number of votes counted on the x-axis, how should the graph look? (Keep in mind the law of large numbers.)
Answers
The correct option regarding the graph will be A. Volatile on the left and smoothly upward or downward sloping (depending on if she wins or loses) on the right.
How to analyze the informationLaw of large numbers states that if you repeat an experiment independently a large number of times and average the result, what you obtain should be close to the expected value.
During counting of votes, at first the numbers might be fluctuate or all over the graph as numbers are low at the starting.
But as the Law of Large Numbers will take start to take effect, the final results of counting will give the clear picture.
If the candidate is winning then it will move upward else downward.
Learn more about graph on:
https://brainly.com/question/19040584
#SPJ1
Stanley receives his degree from OCC. Stanley leaves his job at Trump Organization, paying him $100,000 a year. Stanley uses his life saving of $250,000 that he had deposited at Wells Fargo at an annual rate of 5% to start his own clean-energy company. Stanley’s first year revenue and expenses are as follow, Rent $23,000 Salary 57,000 Utility 22,000 Others 13,000 _________ Total 115,000 _________ Revenue for the year $180,000 11. Stanley’s explicit costs for the year is Group of answer choices $215,000 $112,500 $180,000 $216,250 $115,000
Answers
Stanley’s explicit costs for the year is $115,000.
Using this formula
Explicit costs=Rent+ Salary+ Utility+ Others
Where:
Rent=$23,000
Salary=$57,000
Utility=$22,000
Others=$13,000
Let plug in the formula
Explicit costs= $23,000+$57,000+$22,000+$13,000
Explicit costs=$115,000
Inconclusion Stanley’s explicit costs for the year is $115,000.
Learn more here:
https://brainly.com/question/13091750
the median of four numbers is 63.the three of the numbers are 60,62 and 92 what is the missing number
Answers
Answer: 64
Explanation:
To find the median of a number, we have to arrange the numbers that are given in either ascending or descending order.
In this case there are 4 numbers, let the fourth number be x, therefore the numbers will be:
60, 62, x and 92.
Since they are four numbers, the median will be the addition of the 2nd and 3rd number and then divided by 2. This will be:
(62 + x) / 2 = 63
62 + x = 126
x = 126 - 62
x = 64
The missing number is 64
As long as a firm's net income is positive, then the firm can use the positive net income to pay dividends to its shareholders.
True
False
Answers
Which 2 reasons that cause a large amount in the opening balance equity
Answers
One of the reasons that could be causing this balance is that the client has added transactions in the Banking Center without assigning an account to them.
What is Bookkeeping?This refers to the financial activity of keeping financial records of a company for accounting purposes.
The second reason can be that the client entered an Opening Balance when creating a new Other Current Asset account
Opening balances were included when importing Customers, using the Import Data tool
Learn more about bookkeeping here,
https://brainly.com/question/21412217
#SPJ1
A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
For more such questions on market segmentation , visit:
https://brainly.com/question/15357678
#SPJ8
True or False: If Kevin's Fire Engines were a competitive firm instead and $160,000 were the market price for an engine, decreasing its price from $160,000 to $120,000 would result in the same change in production quantity and, thus, total revenue. True False
Answers
Answer:
False
Explanation:
Kevin should not rise the level of production from 5 to 6 as the impact of the price dominates this situation
Also the market is not depend on the Kevin fire engines because of the competitive market
Plus the supply and demand relation is inverse and not depend on the change in price level in a competitive market
If the price is decreased from $160,000 to $120,000 so the quantity of the production would not be impacted
In addition to this, the total revenue could be impacted when there is a reduction in the price that produced more sale due to this there is a slightly change in upward and downward
Also the change would never be in the similar production as compare to the change in price
Therefore the given statement is false
False, the decrease in its product price from $160,000 to $120,000 would NOT result in the change in production quantity as the Total revenue
Looking at the attached graph, we will observes that the Demand slope moves backward as the price of the Product increases.
The Engine product is definitely not as exception to the law of demand that asserts that "the Higher the price, the lower the quantity demanded from customers and Vice versa"
So, if Kevin's Fire Engines firm market price ($160,000) for an engine decreasing to $120,000 in the competitive market, then, the demand from customers will increase.
Whereas, the reduction of the only affect the market price and increase total revenue of the firm, it does not increase the production quantity asked in the question.
Therefore, the decrease in its product price from $160,000 to $120,000 would NOT result in the change in production quantity as the Total revenue
Learn more about this here
brainly.com/question/19512238
Do you believe that developing and applying project management skills can help most individuals and organizations? Justify your response.
your response.
Answers
Answer:
Explanation:
Good project management discipline is the way to overcome these shortcomings. Having good project management skills does not mean you have no problems. It does not mean that risks go away. It does not mean that there are no surprises. The value of good project management is that you have standard processes in place to deal with all contingencies.
Project management processes and techniques are used to coordinate resources to achieve predictable results. However, it should be understood that project management is not an exact science and there is never a guarantee of success. Since projects involve people, there is always complexity and uncertainty that cannot be absolutely controlled.
Project management is both science and art. It is science in that it relies on proven and repeatable processes and techniques to achieve project success. It is an art because it also involves managing and relating to people and requires the project manager to apply intuitive skills in situations that are totally unique for each project. A good project management methodology provides the framework, processes, guidelines and techniques to manage the people and the work. A good methodology increases the odds of being successful and therefore provides value to the organization, the project and the project manager.
The characteristics of the project are not going to change whether you use a formal project management process or not. What changes is how the events are dealt with when the project is in progress. Are they dealt with haphazardly and reactively or proactively with a smoothly running process?
Generally, it is believed that organizations that follow good processes are more successful than organizations that do not. Organizations that have good processes. These organizations get more work done and they tend to do the work that is of most value. They also have organizational systems in place to help make everyone more successful, including project managers.
Which of the following statement is correct?
a. firms in monopoly can sell non-commodities while firms in monopolistic competition cannot.
b. firms in monopoly can sell a commodity while firms in monopolistic competition cannot.
c. firms in monopoly are price setters while firms in monopolistic competition are not.
d. firms in monopoly can make economic profit in the short run while firms in monopolistic competition cannot.
Answers
Answer:
the correct answer I to this question is c