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Gnesinka [82]
2 years ago
4

As children grow older, their discretionary income usually increases. The best conclusion to draw about the variables age and in

come are that they are:(A) causally related(B) uncorrelated(C) negatively correlated(D) positively
Business
1 answer:
PSYCHO15rus [73]2 years ago
4 0

Answer:

positively correlated  

Explanation:

Positive correlation refers to the tandem-shifting association among two variables— that is, in the very same course. If one factor declines as the other variable decreases, or one variable increases as the other increases, a positive correlation remains.

A completely positive correlation implies that the factors at issue shift together by the very same ratio and path 100 percent of cases. One can see a positive correlation between the demand for a commodity and the related value of the commodity.          

You might be interested in
Compute the Cost of Goods Manufactured and Cost of Goods Sold for
Katen [24]

Answer: The cost of goods manufactured is $214,100, the cost of goods sold $207,100

Explanation:

The question is not complete, I found the missing part of the question online on http:// www.Chegg .com/homework -help, the missing part is as follows

Beginning. Ending

Raw materials inventory. 20,000. 25,000

Work in process inventory. 43,000. 36,000

Finished goods inventory. 17,000. 24,000

Purchases Direct materials. 70,000

Direct Labour. 80,000

Indirect Labour. 42,000

Insurance on plant. 10,000

Depreciation plant building and equipment. 13,400

Repairs and maintenance plant. 3,700

Marketing Expenses. 82,000

General and Administrative Expenses. 27,500

Here is the solution to the question

Clear Bay Company

Manufacturing Trading, Profit and Loss Account

T Account Format

Dr. Cr

$ $

Raw materials

Beginning inventory. 20,000. Total Manufacturing Cost

Add: Purchases of direct materials 70,000. Transferred to trading Account

214,100

---------------

Raw materials Available for use. 90,000

Less: Ending Raw materials inventory 25,000

------------

Cost of Direct materials used. 65,000

Add:Direct Labour. 80,000

-------------

Prime Cost. 145,000

Factory Overhead

Indirect Labour 42,000

Insurance on plant 10,000

Depreciation plant building and Equipment 13,400

Repairs and Maintenance plant 3,700

--------------

69,100

---------------- --------

Total Manufacturing Cost. 214,100. 214,100

----------------- -----------

Finished good

Beginning Finished good inventory 17,000

Add: Manufacturing Cost 214,100

---------------

Cost of goods Available for sale 231,100

Less: Ending Finished good Inventory 24,000

--------------

Cost of good sold. 207,100

Note : Marketing Expenses, General and Administrative Expenses is not an item in the Trading Account. It is an item in the Profit and Loss Account

8 0
2 years ago
On February 1, a customer's account balance of $2,300 was deemed to be uncollectible. What entry should be recorded on February
Lesechka [4]

Answer:

Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300

Explanation:

The journal entry is shown below:

Allowance for Doubtful Accounts A/c Dr $2,300

             To Accounts Receivable A/c $2,300

(Being the written-off amount is recorded)

Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.

7 0
2 years ago
There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the bond mature
Mashutka [201]

Answer:

The Yield to Maturity of the Bond (YTM) is 113.86 %

Explanation:

The Yield to Maturity of the Bond (YTM) can be determined using a Financial Calculator as follows :

Pv = -$98.613

Fv = $2,000

p/yr = 2

n = 18 × 2

Pmt = ($2,000 × 6.60%) ÷ 2 = $66

r = ?

Using a Financial Calculator r is 113.86 %.

7 0
2 years ago
Five independent projects consisting of reinforcing dams, levees, and embankments are available for funding by a certain public
Alex777 [14]

Answer:

the correct answer is option (b).

Explanation:

Equivalent annual benefits and annual cost of each project is provided.

Calculate B-C ratio of project A -

Annual benefits = $1,800,000

Annual costs = $2,000,000

B-C ratio = Annual benefits/Annual costs = $1,800,000/$2,000,000 = 0.90

The B-C ratio of Project A is 0.90.

Calculate B-C ratio of project B -

Annual benefits = $5,600,000

Annual costs = $4,200,000

B-C ratio = Annual benefits/Annual costs = $5,600,000/$4,200,000 = 1.33

The B-C ratio of Project B is 1.33.

Calculate B-C ratio of project C -

Annual benefits = $8,400,000

Annual costs = $6,800,000

B-C ratio = Annual benefits/Annual costs = $8,400,000/$6,800,000 = 1.24

The B-C ratio of Project C is 1.24.

Calculate B-C ratio of project D -

Annual benefits = $2,600,000

Annual costs = $2,800,000

B-C ratio = Annual benefits/Annual costs = $2,600,000/$2,800,000 = 0.93

The B-C ratio of Project D is 0.93.

Calculate B-C ratio of project E -

Annual benefits = $6,600,000

Annual costs = $5,400,000

B-C ratio = Annual benefits/Annual costs = $6,600,000/$5,400,000 = 1.22

The B-C ratio of Project E is 1.22.

It has been stated that the agency is willing to invest money in any project as long as the B-C ratio is at least one.

The B-C ratio of project A and D are less than 1. So, they will not be considered.

Out of remaining three project, B-C ratio is highest in the case of Project B.

So, Project B will be selected.

Hence, the correct answer is option (b).

7 0
2 years ago
Bateman Corporation sold an office building that it used in its business for $800,950. Bateman bought the building ten years ago
LekaFEV [45]

Answer:

The amount of Bateman's gain is $402,850, in character of profits from the sale of property and equipment

Explanation:

The gain of selling an asset is determined by the formula: Sale price minus Book value. The book value of the building is Cost minus accumulated depreciation. So, the book value is 599,525 - 201,425 = 398,100

Then, the amount of Bateman's gain is equal to 800,950 - 398,100 = 402,850.

5 0
2 years ago
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