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Arisa [49]
2 years ago
12

Sparks Fireworks manufactures and sells fireworks. Their raw materials used is $71,500. Their beginning raw materials inventory

was $5,000 and their ending raw materials inventory was $6,000. Sparks' raw materials inventory turnover is :
Business
1 answer:
algol132 years ago
7 0

Answer:

The correct answer would be, $70500

Explanation:

Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:

Beginning Raw Material Inventory: $5000

Raw Material Used:                $71500

Ending Raw Material Inventory:    $6000

Raw Material Inventory Turnover:

Beginning Inventory + Raw Material Used - Ending Raw Material

= 5000+71500-6000= $70500

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Which method of analysis does not classify variables as dependent or independent?
Masja [62]

Answer:

C) cluster analysis

Explanation:

Regression analysis. The regression analysis determines the relationship between the two variables. Thus, one of these quantities (X) is given in advance(dependent) and is not random. The second value (U) is the independent and random number. The randomness of the second quantity can be explained for two reasons. First: Measuring the random number U, which depends on the number X, is associated with certain errors; second: The value of U may depend on other uncontrollable factors, in addition to being dependent on the value of the corresponding X value. In this case, we need to talk about the distribution of the random variable U against each value of the X variable.  The main purpose of the regression analysis is to build a mathematical model that takes into account the factors affecting the physical process using experimental data and evaluating its accuracy.  The least squares method is used for statistical estimation of the mathematical model's suitability to experimental data.

Discriminant analysis is a method used in statistics, pattern recognition, and machine learning to find a linear combination of attributes that define or distinguish two or more classes or events. The resulting combination can be used as a linear classifier or more often to reduce the size before classifying.  LDA is closely related to variance analysis (ANOVA) and regression analysis, which try to express a dependent variable as a linear combination of other properties or dimensions. However, while variance analysis uses qualitative independent variables and a continuous dependent variable, discriminant analysis has continuous independent variables and a qualitative dependent variable.

Cluster analysis or clustering is a problem of grouping a number of objects. In this problem, objects must be in some way more similar to those in other groups to accommodate the same clusters (clusters). One of the main problems with data transmission is a common technique used in statistical data analysis. It is also used in machine learning, pattern recognition, image analysis, data retrieval, bioinformatics, data compression and computer graphics.

One-way analysis of variance (ANOVA) is used to calculate the significance of the difference between three and more independent means in a normally distributed series. ANOVA compares the arithmetic means of three or more groups alone; ANOVA result is also significant when at least one of these comparisons is significant. To measure the significance it will have the relation to the regression analysis that's why there will be dependent and independent variables as well.

6 0
2 years ago
Read 2 more answers
A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.6%, and sells for $1,140. Interest is
nordsb [41]

Answer:

Price of bond=948.8583731

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

Semi-annual interest = 8.6% × 1,000 × 1/2 =43

Semi-annual yield = 9.4%/2=4.7 %

<em>PV of interest payment</em>

PV = A  (1- (1+r)^(-n))/r

A- 43, r-0.047, n- 20

= 43× (1-(1.047)^(-10)/0.047)

= 549.7724893

<em>PV of redemption Value</em>

PV = F × (1+r)^(-n)

F-1000, r-0.047, n- 20

PV = 1,000 ×   1.047^(-20)

PV = 399.0858837

Price of Bond

549.772 + 399.085

=948.8583731

4 0
2 years ago
If revenues exceed expenses for the accounting period, the retained earnings account: a. Will have a lower balance after closing
Sati [7]

Answer:

The correct answer is letter "D": All of these answer choices are incorrect.

Explanation:

Retained earnings are the part of the company's net profits which does not pay out as dividends to shareholders. The company keeps this money in the business to reinvest it or uses it to pay off a part of its debt.

When revenues of a company exceed the expenses of a period, the firm has net income. Net income is reported as a credit entry. Thus, the retained earnings will have a credit balance prior to closing.

7 0
2 years ago
The Fed increased the supply of US dollars at an average rate of 6 percent per year over the 1980-2005 period. Based on the theo
Charra [1.4K]

Answer:

These are the options for the question:

A. The average inflation rate during 1980-2005 would have been one percentage point higher than it actually was in that period.

B. The economy would have enjoyed a much higher level of output in the mid-2000s.

C. The price level in 2005 would have been about 28 percent higher than what it actually reached in that year.

D. The output of the economy in the mid-2000s would not have been very different from the levels it actually reached.

And this is the correct answer:

A. The average inflation rate during 1980-2005 would have been one percentage point higher than it actually was in that period.

Explanation:

According to the production capacity theory, if the money supply is increased, but the quantity of output is not, or is not increased at the same rate, then, inflation will set in.

In this case, the question is telling us that the Fed would have increased the money supply by one percentage point, but output (GDP growth) would have stayed the same.

For this reason, all else being equal, this higher amount of money supply would have simply created more inflation.

4 0
2 years ago
Joseph lost $5,000 after engaging in a work-from-home scam. What action should he take to seek retribution?
Anastasy [175]

Answer: Report the incident to the Federal Trade Commission.

Explanation:

3 0
2 years ago
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