Answer:
<h2>In this case,the survey method or the questionnaire method employed by the bowling alley manager can be an effective method of data collection through a reasonably considerably sample size and composition.</h2>
Explanation:
- In statistical data collection process,the questionnaire method is considered to be one of the most suitable and preferred methods or techniques of data collection considering various types of research topics.
- The questionnaire method of data collection can save considerable amount of time and effort and financial to reach and cover the actual target population of the concerned research as the researcher can just distribute the questionnaire copies randomly to various people within the target population of research or study thereby, avoiding the hassle of personally approaching people and getting responses.
- Furthermore, questionnaire method can ensure coverage of relatively large sample size within less time period and without having to spend excessive financial and material resources. Hence, in this case, the manager of the bowling alley can simply put a questionnaire form at the entrance and request the members to fill it up at their own convenience and personal will.,which could save him the practical hassles of approaching each individual member for responses.
Answer:
$62,000
Explanation:
The partnership had a total ordinary income of $200,000. Then guaranteed payments were made to its three partners Molly, Amber and Pat of $20,000 each $20,000 x 3 = $60,000.
$200,000 - 60000
= $140,000
So the partnership adjusted income is reduced to $140,000, out of that amount, 30% belongs to Molly.
30/100 × 140,000
= $42,000
Molly's share of the partnership adjusted income is $42,000.
Molly's total earnings from the partnership are $62,000
= $20,000 + $42,000
= $62,000
Answer:
The correct answer is option II.
Explanation:
When a tax is imposed on a commodity, the tax burden is shared between the buyers and the sellers. The share of tax burden depends upon the elasticity of demand and elasticity of supply.
In the case of cigarettes, most of the tax burden is borne by the buyers. This is because the demand for cigarettes is relatively inelastic. Cigarettes are addictive so even if its price increases due to the imposition of the tax, the buyers will still purchase the same amount as they are addicted to it.
Answer:
27.10%
Explanation:
Data provided in the question:
Principle amount = $1,498
Amount returned i.e the future value = $1,904
Time, n = 1 year
Now,
Interest paid = Amount returned - Principle amount
= $1,904 - $1,498
= $406
Using simple interest formula
Interest = Principle × Rate × Time
or
$406 = $1,498 × Rate × 1
or
Rate = 0.2710 or
= 0.2710 × 100%
= 27.10%
