32. Gemma Company manufactures basketball backboards. The following information pertains to the company's normal operations per month: Output units : 15,000 boards Machine-hours : 4,000 hours Direct manufacturing labor-hours : 5,000 hours Direct manufacturing labor per hour : $12 Direct materials per unit : $100 Variable manufacturing overhead costs : $150,000 Fixed manufacturing overhead costs : $300,000 Product and process design costs : $200,000 Marketing and distribution costs : $250,000 Required: a. For long-run pricing, what is the full-cost base per unit? b. Gemma Company is approached by an overseas city to fulfill a one-time-only special order for 1,000 units. All cost relationships remain the same except for an additional one-time setup charge of $40,000. No additional design, marketing, or distribution costs will be incurred. What is the minimum acceptable bid per unit on this one-time-only special order?
Answers
a. For long-run pricing, the full-cost base per unit is $1,100 per unit, and b. The minimum acceptable bid per unit on the one-time-only special order is $1,140.
a. For long-run pricing, the full-cost base per unit is calculated as follows:
Full-cost base per unit = (Variable manufacturing overhead costs + Fixed manufacturing overhead costs + Product and process design costs + Marketing and distribution costs) / Output units
= ($150,000 + $300,000 + $200,000 + $250,000) / 15,000 units
= $1,100 per unit
b. The minimum acceptable bid per unit on the one-time-only special order is calculated as follows:
Minimum acceptable bid per unit = (Full-cost base per unit + Additional one-time setup charge)
= $1,100 per unit + $40,000 / 1,000 units
= $1,140 per unit
Therefore, the minimum acceptable bid per unit on the one-time-only special order is $1,140.
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Related Questions
franchises will generally have higher ____, but they offer ongoing support and training.
Answers
Franchises will generally have higher direct financing but they offer ongoing support and training.
What is the meaning of financing?Finance is the study and practice of money, money-related instruments, and capital assets. It is associated with economics, which refers to the study of the creation, transfer, and consumption that money, assets, goods, and services, but it is not the same as economics.
The process of raising capital or finances for any type of spending is known as financing. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.
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1. on culture: suppose the education system of a given country teaches values that can make it very difficult to do business profitably in the country. is that an impossible barrier, or is there anything that can be done to change it? defend your answer.
Answers
Education plays an important role in carving the personality of an individual, but other factors such as religion, culture and traditions are also responsible in shaping individuals personality.
What is culture?Culture is an umbrella term that encompasses human societies' social behaviour, institutions, and norms, as well as the individuals' knowledge, beliefs, arts, laws, customs, capabilities, and habits. Culture is frequently attributed to or originated in a specific region or location.
Education is important in shaping an individual's personality, but other factors such as religion, culture, and traditions are equally important.
Aside from these factors, an individual's perception of a situation or environment plays an important role in the development of specific personality traits.
As a result, a value-based educational system is not an impassable barrier to doing business. Individuals' working styles are influenced by their operating experience and perception of the business environment.
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Given that number of daily purchases and if your average round-up was $0.50, how much would you end up investing...
Per day
Per month
Per year
Answers
Amount Invested per Day = (Number of Daily Purchases x $0.50)
Amount Invested per Month = (Number of Daily Purchases x $0.50) x 30
Amount Invested per Year = (Number of Daily Purchases x $0.50) x 365
What is an Investment?An investment is known an asset or item acquired with the goal of generating income or appreciation. Investments are generally made to earn a return on the money or asset, increase one's wealth, or to generate a profit.
In order to calculate the amount invested per day, month and year when an average round-up of $0.50 is applied to the number of daily purchases, the following formula can be used:
Amount Invested/Day = (Number of Daily Purchases x $0.50)
Amount Invested/Month = (Number of Daily Purchases x $0.50) x 30
Amount Invested/Year = (Number of Daily Purchases x $0.50) x 365
For example, if one made 10 daily purchases, the amount invested would be calculated as follows:
Amount Invested/Day = (10 x $0.50) = $5
Amount Invested/Month = (10 x $0.50) x 30 = $150
Amount Invested /Year = (10 x $0.50) x 365 = $1,825
This formula can be used to calculate the amount invested for any given number of daily purchases and an average round-up of $0.50.
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List the problems faced by the developer while localizing the games. were there problems with translation or social sensitivity?
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The process of localizing games can be quite challenging for developers, especially when dealing with cultural and language barriers.
One of the main problems faced by developers is the translation of the game's content. This is because the translation of the game's text and dialogue requires a deep understanding of the target language's nuances and idiomatic expressions. For instance, some words and phrases may not have a direct translation or equivalent in the target language, making it challenging to convey the intended meaning accurately.
Moreover, social sensitivity is another issue faced by developers when localizing games. The game's content and cultural references may not be well-received or may even be offensive in certain regions or cultures. Therefore, developers must carefully consider the cultural context of the target audience to ensure that the game's content is appropriate and respectful.
In conclusion, developers must overcome numerous challenges when localizing games. They must ensure that the game's content is accurately translated, and also consider social sensitivity to avoid offending the target audience.
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a restrictive monetary policy is designed to shift the
Answers
Answer:
demand curve to the left
Explanation:
business managers need a set of ethical guidelines to help them ___
multiple choice a. understand the changing customs throughout the world. b. justify their own self-serving solutions.
c. identify and analyze the nature of an ethical problem. d. decide which action is likely to bring the best financial result.
Answers
Business managers require a set of ethical guidelines to help them identify and analyze the nature of an ethical problem. Therefore, option C is the correct answer.
What are the ethical guidelines that business managers require?It is essential for business managers to understand ethical standards and principles. In this way, they will be better equipped to handle ethical problems and take the appropriate measures. Furthermore, ethical principles provide a basis for ethical reasoning in the business world.
An ethical dilemma refers to a conflict between two or more moral principles. These dilemmas can arise in many areas of a business, such as marketing, human resources, and management. Therefore, business managers need ethical guidelines to assist them in identifying and resolving ethical issues in the workplace.
The ethical guidelines should align with the company's values, mission, and goals. They should also guide business managers on how to handle conflicts of interest, bribery, discrimination, harassment, and other ethical issues.
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which of the following best describes the study of economics? a. a study concerned with how to make money. b. a fuzzy combination of wall street an insurance. c. a study of how society uses its goods and services in determining the proper distribution of income. d. a study of how society uses its scarce economic resources in satisfying the unlimited desires of society.
Answers
The study of economics is best described as option C - a study of how society uses its goods and services in determining the proper distribution of income.
Economics is the social science that deals with the production, consumption, and distribution of goods and services. It is concerned with how individuals, businesses, and governments make choices about how to allocate resources to satisfy their wants and needs. Economics aims to explain how markets work, why prices fluctuate, and how different economic systems operate.
In particular, the study of economics is concerned with analyzing the trade-offs between competing alternatives, such as the costs and benefits of different policies, and how these decisions affect the distribution of income and wealth within society. This involves studying topics such as inflation, unemployment, economic growth, taxation, and government spending. Overall, the study of economics is a crucial field for understanding how our society functions and for making informed decisions about public policy. The correct option is C.
The complete question is:
Which of the following best describes the study of economics?
a. a study concerned with how to make money.
b. a fuzzy combination of wall street an insurance.
c. a study of how society uses its goods and services in determining the proper distribution of income.
d. a study of how society uses its scarce economic resources in satisfying the unlimited desires of society.
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a company purchased a depreciable asset for $25,000 on april 1, year 1. the asset will be depreciated using the straight-line method over its four-year useful life. assuming the asset's salvage value is $2,600, the company should recognize depreciation expense in year 2 in the amount of:
Answers
The correct answer to the question above is $5,600.
Step-by-step explanation:
Given data:
Cost of asset: $25,000Estimate useful life: 4 yearsMethod of depreciation: straight-line methodSalvage value: $2,600Depreciation Expense = (Cost - Salvage value) / Estimated useful life
Deprecation Expense = ($25,000 - $2,600) / 4
Deprecation Expense = $22,400/4 = $5,600
The company should recognize depreciation expense in year 2 in the amount of $5,600.
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what are predictive analytics? group of answer choices techniques that extract information from data and use it to predict future trends and identify behavioral patterns. techniques that create models indicating the best decision to make or course of action to take. the scientific process of transforming data into insight for making better decisions. techniques that describe past performance and history.
Answers
Predictive analytics are techniques that extract information from data and use it to predict future trends and identify behavioral patterns. The Option A is correct.
What are predictive analytics?This refers to branch of advanced analytics that makes predictions about future outcomes using historical data combined with statistical modeling, data mining techniques and machine learning. Firm employs predictive analytics to find patterns in this data to identify risks and opportunities.
Its involves use of statistics and modeling techniques to make predictions about future outcomes and performance. Its looks at current and historical data patterns to determine if those patterns are likely to emerge again.
With use of the analytics, its allows businesses and investors to adjust where they use their resources to take advantage of possible future events. In conclusion, the analysis can also be used to improve operational efficiencies and reduce risk.
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Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
Ronald Reagan's historical speech
In January of 1983, the Challenger Space shuttle exploded soon after takeoff. This was a particularly traumatic incident for the U.S. because a teacher-participant was on board, which mean that elementary schools - students and teachers - across the country were watching the shuttle launch live when it exploded. Watch President Reagan's short address on the event and identify a few of the aspects of this speech, using what you have learned from the PowerPoint chapters, to highlight why it was considered so effective.
Answers
President Ronald Reagan's speech on the Challenger Space shuttle disaster in 1983 is widely regarded as a powerful and effective address. Several aspects contribute to its effectiveness.
Firstly, Reagan's empathetic tone and emotional connection with the audience were evident as he acknowledged the pain and grief felt by the nation. His ability to empathize with the students, teachers, and families affected by the tragedy created a sense of unity and compassion.
Secondly, Reagan utilized vivid and poignant imagery to convey the bravery and sacrifice of the astronauts. By describing them as "slipping the surly bonds of Earth to touch the face of God," he elevated their status to heroes, emphasizing their noble purpose and the magnitude of their mission.
Additionally, Reagan employed the rhetorical technique of antithesis, contrasting the joyous anticipation of the launch with the tragic reality of its outcome. This heightened the emotional impact of the speech, evoking a deep sense of loss and reminding the audience of the fragility of human endeavor.
Lastly, Reagan concluded his speech with a message of resilience and hope, calling on the nation to continue exploring and pushing the boundaries of space despite the setback. This optimistic outlook provided comfort and a sense of purpose, inspiring the audience to persevere in the face of adversity.
Overall, Reagan's speech was effective due to his empathetic tone, powerful imagery, skillful use of rhetoric, and ability to instill hope in a time of tragedy.
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To ________, companies can rotate staff to different departments and maintain a strong organizational culture.
Answers
To increase differentiation, companies can rotate staff to different departments and maintain a strong organizational culture.
What is strong organizational culture?Only when the workplace is appropriate for the business and its employees, including their preferred methods of operation, amenities, and design that affect their employee experience, and whatever makes them feel most comfortable or productive, does a strong organizational culture emerge.
A strong corporate culture entails a supportive and enjoyable work environment, resilience to difficulties, clarity of purpose, and dedication to excellence.
Four distinct organizational culture types:
Adhocracy culture is the innovative, business-minded Create Culture.Clan culture is the sociable, customer-focused Collaborate Culture.The process-focused organized Control Culture is known as Hierarchy Culture.Market culture is the competitive, results-driven culture.To know more about organizational culture refer to: https://brainly.com/question/12195559
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Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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showing in accounting rcords all information needed to prepare financial statements
Answers
Preparing financial statements involves recording and organizing financial transactions, events, and data to ensure accurate and comprehensive preparation.
In accounting, it is essential to maintain detailed and accurate records of financial transactions and events. These records serve as the foundation for preparing financial statements, such as the income statement, balance sheet, and cash flow statement.
The process involves systematically recording and organizing information related to revenues, expenses, assets, liabilities, and equity.
By diligently recording and documenting financial data, businesses ensure that all relevant information is captured and included in the financial statements.
This includes details about transactions, supporting documentation, calculations, and other necessary information.
Accurate and comprehensive accounting records provide transparency and facilitate the preparation of financial statements that present a true and fair view of the company's financial position, performance, and cash flows.
Moreover, maintaining complete accounting records allows for effective financial analysis, auditing, and compliance with regulatory requirements.
It enables stakeholders, such as investors, creditors, and government authorities, to assess the company's financial health, make informed decisions, and ensure compliance with accounting standards and regulations.
Overall, showing all the needed information in accounting records is vital for the preparation of reliable and informative financial statements.
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how can a firm obtain the expertise needed to produce and market its products in, for example, the eu?
Answers
There are several ways that a firm can obtain the expertise needed to produce and market its products in the EU. These include:
Hiring expertsPartnering with other firmsPartnering with other firms Investing in training and developmentWe proceed to analyze the actions that companies can take to gain experience to produce and market in different organizations, for example, the EU:
Hiring experts: One of the most effective ways to obtain expertise is to hire professionals who already have the necessary skills and knowledge. This could include individuals with experience in product development, marketing, and regulatory compliance within the EU market.Partnering with other firms: Another approach is to partner with other firms that already have the expertise needed to produce and market products in the EU. This can help a firm tap into existing knowledge and resources, while also sharing the costs and risks associated with entering a new market.Investing in training and development: Firms can also invest in training and development programs to help their employees acquire the expertise needed to produce and market products in the EU. This could include sending employees to seminars and workshops, or providing them with access to online courses and resources.See more about firm at https://brainly.com/question/28339100.
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social responsibility school of social responsibility group of answer choices advises managers to be responsible to shareholders by being responsive to the larger society. advises managers to serve shareholders and to act only with shareholders' interests in mind. advises managers to be responsible to shareholders by being responsive to the larger society. role of business is to serve larger society, so it should serve the needs of the larger society.
Answers
The correct answer is: advises managers to be responsible to shareholders by being responsive to the larger society.
The social responsibility school of thought emphasizes that managers should not only serve the interests of shareholders but also consider the broader impact of their actions on society. This perspective recognizes that businesses operate within a larger social context and have a responsibility to contribute
to that society. Therefore, managers are advised to be responsive to the needs and concerns of the larger society while still being accountable to shareholders. This approach promotes the idea that businesses should strive for a balance between serving shareholders and addressing the social and environmental issues faced by the community in which they operate.
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Which of the following phrases describes a monopoly market?
Few competitive firms
Perfectly competitive
Single seller
One buyer
Answers
Answer: Perfectly competitive.
Explanation:
Answer: Single seller
Explanation:
just took test
if you buy 15 july futures, and the spot rate at maturity is $1.3980/euro, what is the value of your position?
Answers
If you buy 15 July futures, and the spot rate at maturity is $1.3980/euro, the value of your position will be €250
To calculate the value of your position in 15 July futures, we need to know the contract size, which represents the number of units of the underlying asset that one futures contract controls. Assuming that the underlying asset is the euro and the contract size is €125,000, the value of your position in 15 July futures can be calculated as follows:
Value of position = (Futures price - Spot price) x Contract size
We do not have the futures price, so we cannot calculate the exact value of the position. However, we can make an estimate based on the current futures price. Assuming that the current futures price for 15 July euro futures is $1.4000/euro, and the spot rate at maturity is $1.3980/euro, the estimated value of your position in 15 July futures would be:
Value of position = (1.4000 - 1.3980) x €125,000 = €250
Therefore, if you buy 15 July euro futures at a contract size of €125,000 and the spot rate at maturity is $1.3980/euro, the estimated value of your position would be €250.
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An electronics store sells specialty headphones for $100. They usually sell 5
pairs per day and purchase 150 pairs from their suppliers per month.
According to the law of supply, which outcome would be most likely if the
store could sell the headphones for $120 without losing customers?
A. The store would purchase 175 pairs per month,
B. The store would sell 3 pairs per day.
C. The store would sell 7 pairs per day,
D. The store would purchase 100 pairs per month.
Answers
D. The store would purchase 100 pairs per month
As the electronics store sells specialty headphones for $100. They usually sell 5 pairs per day and purchase 150 pairs from their suppliers per month. According to the law of supply, if the store could sell the headphones for $120 without losing customers then it would have to sell 7 pairs per day.
What is Law of supply?
Law of supply is a fundamental principal of Economic theories. It states that keeping all the other factors at constant, an increase in the the price of the product results in the increased supply of that product.
What is the Formula of Law of Supply?Qs = x + yP
Where:
n Qs = the quantity supplied
n X = quantity
n P = price
n Y = variable
Hence option C is the correct answer.
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which global entry strategy has the highest degree of risk?
Answers
ASAPP PLZZZZ
3. In the mythical kingdom of Erehwon, the basic unit of money is the rudolf. At today's exchange rate, 4 rudolfs are equal to $1. A U.S. tourist in Erehwon wishes to purchase a guidebook to the country. The price is 6 rudolfs. How much is this in U.S. money?
(A) $1.50
(B) $6
(C) $4
(D) $24
Answers
The acme global corporation needed to hire 30 new advertising sales agents. the applicant pool consisted of 100 african-american males and 100 white males. of the 200 applicants, acme global hired 10 of the african-american males and 20 of the white males. is there evidence of disparate impact?
Answers
Answer:
Yes, because it doesn't comply with the four-fifths rule.
Explanation:
First we must establish the selection rate for both groups:
whites = 20 / 100 = 20% selectedAfrican American = 10 / 100 = 10% selectedthe four-fifths rule establishes that at least 20% x 4/5 = 16% of all African American candidates should have been selected, but only 10% were selected.
Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie's Mugs' profit was ______. Multiple choice question.
Answers
Answer: $2200
Explanation:
profit= 300 * (20 - 7) - 1700 = 2200
Company Q owns controlling shares of stock in companies A, B, C, and D. This is an example of a Pool Partnership Holding Company Merger
Answers
Answer:
Holding
Explanation:
When a company or a share holder owns a share which is more than 50 percent share of the company in the market, than than individual or company has a controlling shares in the company.
This gives him the right of deciding the in the meetings of the shareholders and to take control of the company's direction.
Such is an example of a Holding company. A holding company does not produce or manufacture any goods or sell anything. It is a company which owns outstanding stock of other companies and forms a group of companies.
Which of the following techniques is NOT a technique for dealing with a bottleneck?
A. Schedule throughput to match the capacity of the bottleneck.
B.Have cross-trained employees available to keep the constraint at full operation.
C. Develop alternate routings.
D. Increase the capacity of the constraint.
E. All are techniques for dealing with bottlenecks.
Answers
D. Increase the capacity of the constraint is not a technique for dealing with a bottleneck.
When dealing with a bottleneck, it is important to remember that increasing the capacity of the constraint is not necessarily the best solution.
There are other, more effective techniques to help manage bottlenecks and optimize a system’s performance, such as re-balancing workloads, reorganizing processes, and utilizing automation.
The right solution will depend on the specific bottleneck and the system dynamics, but it is important to consider all of the options before committing to a strategy.
One way to address a bottleneck in your business is to increase the capacity of the constraint.
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What is one major effect of specialization on an economy?
O A. Self-sufficiency becomes more important as many businesses
shut down.
B. Opportunity costs for trade rise as businesses are slow to change.
C. Labor becomes more divided as workers focus on certain skills.
D. Voluntary exchange declines as fewer countries can trade
internationally.
Answers
Answer: It’s C
Explanation: read it before you check it because the order might be different in different test.
The one major effect of specialization on an economy is that the Labor becomes more divided as workers concentrate on definite skills.
What is specialization in an economy?Specialization is a manufacturing method in which an organization concentrates on producing a narrow range of products in order to increase efficiency.
Specialization has one cardinal determinant on an economy, that the labor becomes more and more divided as workers focus on specific abilities.
Therefore, option C is correct.
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A prominent accounting firm has sought your advice on how best to manage the pricing of their services?
Answers
Managing the pricing of accounting services can be a challenging task, as there are many factors to consider, such as the complexity of the work, the client's budget, and the competition in the market.
Conduct a market analysis: The accounting firm should research the market and identify the pricing strategies of their competitors. They should also evaluate the client's needs and preferences to determine the appropriate price for their services.
Develop a pricing strategy: Based on the market analysis, the accounting firm should develop a pricing strategy that takes into account the value of their services, the cost of production, and the target profit margins.
Consider value-based pricing: Value-based pricing involves setting the price of services based on the perceived value they provide to the client. This approach can be effective in distinguishing the accounting firm's services from their competitors and justifying higher prices.
Use tiered pricing: The accounting firm can consider offering tiered pricing options to clients with different needs and budgets. This approach allows clients to choose the level of service that best meets their needs and can increase the firm's revenue.
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Company X is interested in improving its compliance with internal control procedures. During 20X1, Company X determined that compliance with internal control procedures was 92%. On December 31, 20X2, Company X took a random sample of 165 instances where internal controls should have been followed and determined that internal controls were followed 153 times. Can Company X conclude (at the .05 significance level) that the level of compliance with internal control procedures increased in 20X2 ?
Answers
No, Company X cannot conclude (at the .05 significance level) that the level of compliance with internal control procedures increased in 20X2.
What statistical analysis can be performed to determine if there was a significant increase in compliance?To determine if there was a significant increase in compliance with internal control procedures in 20X2, we need to perform a hypothesis test. The null hypothesis (H₀) would state that there was no increase in compliance, while the alternative hypothesis (H₁) would state that there was an increase. Since we are comparing proportions, we can use a two-sample z-test.
Let's calculate the test statistic:
First, determine the sample proportion for 20X1:
p₁ = 92% = 0.92
Next, calculate the sample proportion for 20X2:
p₂ = 153/165 ≈ 0.927
Now, calculate the standard error:
SE = √[(p₁(1-p₁))/n₁ + (p₂(1-p₂))/n₂]
= √[(0.92(1-0.92))/n₁ + (0.927(1-0.927))/n₂]
Assuming a significance level of 0.05, we need to find the critical z-value from the standard normal distribution. If the test statistic falls beyond this critical value, we can reject the null hypothesis.
Finally, calculate the test statistic:
z = (p₂ - p₁) / SE
Compare the test statistic with the critical z-value to make a decision regarding the null hypothesis.
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People are living paycheck to paycheck why is that a problem
Answers
Eve files a suit against Financial Associates, Inc. (FA), to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if
Answers
Answer:
Eve foreseeably, justifiably, and detrimentally relied on a promise by FA
Explanation:
In this situation, the court could enforce such a contract if Eve foreseeably, justifiably, and detrimentally relied on a promise by FA. Meaning that the consequences that occurred were caused by the promise that was made to Eve by Financial Associates, Inc. (FA), which ultimately led to Eve making decisions that she otherwise would not have done if FA never made that promise.