Answer:
s = $13,014.22
Explanation:
Sample values: $40,632, $35,554, $42,192, $33,432, $69,479 and $43,589
Sample size = 6
The standard deviation of a sample (s) is given by:
Where X is the sample mean, n is the sample size, and xi is each value in the sample.
The sample mean is given by:
The standard deviation is:
Answer:
Demand Increase = Supply Increase : No change in price, quantity increases
Demand Increase > Supply Increase: Price increase, quantity increase
Demand Increase < Supply Increase : Price decrease, quantity increase
Explanation:
Markets are at equilibrium where market demand = market supply. And, upward sloping supply curve intersects with downward sloping demand curve.
If both demand & supply of dog treats increase, the effect on change in price & quantity will depend on their relative magnitude
- If increase in demand = Increase in Supply : Both the curves shift equivalently rightwards. At new equilibrium - there is no change in price, as demand increase is fulfilled by supply increase. The equilibrium quantity increases
- If increase in demand > Increase in Supply : Demand curve shifts more rightwards than supply curve. This creates excess demand & competition among buyers increase the new equilibrium price. The equilibrium quantity also increases.
- If increase in demand < Increase in Supply : Supply curve shifts more rightwards than demand curve. This creates excess supply & competition among sellers reduce the new equilibrium price. The new equilibrium quantity increases.
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Answer:
Debit to Cash $100, Credit to Petty cash $100
Explanation:
A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:
Date Journal Entry Debit Credit
Cash $100
Petty cash $100
Answer:
C. A change from expensing certain costs to capitalizing these costs due to a change in the period benefited, should be handled as a change in accounting estimate.
Explanation:
The statement above describes or the other hand talks about expenditure and capitalization.
Therefore, expenditure is explained as either capitalized as a cost of the asset on the company’s balance sheet or it is expensed in the income statement of the incurred period.
Under IFRS, the following rules govern the categorization of the expenditure as an asset:
If the expenditure is expected to give economic benefits in future over several accounting periods.
If one can measure the cost reliably. Also, increases the assets on the company’s balance sheet.
Recorded on the cash flow statement as a cash outflow for investing.
