The third quartile (75th percentile) of the given data set is 14.5.
To determine the third quartile (75th percentile) of the given data set, you need to arrange the data in ascending order and find the value that corresponds to the 75th percentile position.
Arranging the data in ascending order:
2, 3, 4, 5, 6, 8, 10, 11, 14, 16, 19, 21, 22, 27, 33
Since there are 15 data points, the position of the 75th percentile can be calculated as
(75/100) × (15 + 1) = 11.25.
Since the position is not an integer, we need to interpolate between the 11th and 12th values.
The 11th value is 14, and the 12th value is 16.
To interpolate, we calculate the difference between these two values:
16 - 14 = 2.
Then, we multiply this difference by the decimal part of the position (0.25):
2 × 0.25 = 0.5.
Finally, we add this result to the 11th value:
14 + 0.5 = 14.5.
Therefore, the third quartile (75th percentile) of the given data set is 14.5.
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Do you know the difference between needs and wants? When companies that sell coffee develop their marketing strategy, do they concentrate on satisfying their customers’ needs or wants? What about a utility company, such as the local power company? A humanitarian agency, such as Doctors without Borders?
Answer: the difference between needs and wants is very simple. Needs are what we need to live, the basic requirements, and wants is everything else we might like to have, but we don’t need tosurvive. The wants depend on the needs of humans themselves.When companies like coffee store, utility company, local power company, humanitarian agencies, even doctors develop their marketing strategies they are focus in discover the needs and wants of consumers or clients, who are prospective buyers and consumer of goods or services. A need occurs when a person feels deprived of basic necessities such as local power company or go to the doctor for example. A want is a need that is shaped by a person’s knowledge, can be drink a cup of coffee or pay for a phone service. Every organization is focuson satisfy the needs or wants of a specific group or target market, developing a unique marketing program to reach each one of them
Explanation:
At the end of the month, you have only $10 left in your checking account. You deposit your $200 paycheck from your part-time waitressing job, but the restaurant is not doing well and your paycheck bounces. Your bank holds you accountable and charges you $50 for depositing a bad check. What is the balance of your checking account after attempting to deposit your bad paycheck?
Answer:
the money left in your account is $ 460 because you deducted $ 50
Explanation:
Jama has just become owner of a franchise
fast-food restaurant. He pays an initial fee of
$150,000 plus $8,000 per month for advertising
and management support to the franchisor. How
much will he pay in all to the franchisor during his
first year in business?
Answer:
$246,000
Explanation:
Jama will pay the initial fee plus 12 monthly payments to the franchisor in his first year.
The initial fee is $150,000
Monthly payments are $8000.
For the year, the monthly payments will total
=$8,000 x 12
=$96,000
In total, he will pay
=$96,000 +$150,000
=$246,000
The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
A cash-basis taxpayer made a bona fide, nonbusiness loan to an acquaintance in year 1. At the end of year 2, it is determined that the taxpayer will likely be able to collect only 20% of the principal, and no interest has been or will be collected. How should the loss be treated for tax purposes in year 2
Answer:
None of the loss amount in year 2 will be deductible
Explanation:
Based on the information given How the loss will be treated for tax purposes in year 2 is that the LOSS amount will NOT be deductible in Year 2 reason been that tax payer can only collect the deduction in bad debt in the year the bad debt has no real value and become un-useful.
Secondly the tax payer should not wait till the debt is due before knowing whether the bad debt has no real value reason been that bad debt will has no real value when there is no hope that the debt amount that is owed will be paid which is why to a limited extent a non business bad debt that has no real value will not be deductible.
Therefore How the loss will be treated for tax purposes in year 2 is that None of the loss amount in year 2 will be deductible
Studies show that about 75% of workers expect to maintain at least the same standard of living during retirement as before retirement, but only ______ have saved for retirement.
Studies show that about 75% of workers expect to maintain at least the same standard of living during retirement as before retirement, but only a small percentage have saved for retirement. This disparity between expectation and reality is a cause for concern, as it indicates that many workers are not adequately preparing for their future financial needs.
Retirement planning should be an integral part of an individual's financial planning from an early age, and it is important to start saving and investing early to ensure that one can meet their financial goals in retirement.
There are many reasons why individuals may not save for retirement, including a lack of understanding about the importance of retirement planning, a belief that they cannot afford to save, or simply procrastination. To overcome these challenges, individuals should seek out information and guidance about retirement planning, create a budget to identify areas where they can cut expenses and save more, and take advantage of employer-sponsored retirement plans and other investment opportunities.
Ultimately, it is important for workers to take responsibility for their own retirement planning and to start saving early to ensure that they can maintain their desired standard of living in retirement. By taking proactive steps to save and invest for the future, individuals can achieve their financial goals and enjoy a secure and comfortable retirement.
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On December 31 of the current year, Bell Sports received a bank statement dated December 30. Information has been obtained from the bank statement and from the records of the business. Prepare a bank statement reconciliation. Use Dec. 31 of the current year as the date.
In order to prepare a bank statement reconciliation for Bell Sports, the following steps need to be taken
Step 1: Match the bank statement balance with the balance on the company's books.The first step is to determine whether the bank statement balance and the balance in the company's books agree or not.
For this, the two balances are compared and any differences are noted. This can be done by comparing the ending balance of the bank statement to the balance in the Cash account on the company's books.
Step 2: Adjust the bank statement balance.
Next, the bank statement balance needs to be adjusted to reflect any items that have not been recorded yet. These items may include bank charges, interest earned, and other adjustments. This is done by adding or subtracting the necessary amounts from the bank statement balance.
Step 3: Adjust the company's books balance.The company's books balance also needs to be adjusted to reflect any items that have not been recorded yet.
These items may include deposits in transit, outstanding checks, and other adjustments. This is done by adding or subtracting the necessary amounts from the Cash account balance on the company's books.
Step 4: Compare the adjusted balances.The final step is to compare the adjusted balances of the bank statement and the company's books.
If the two balances agree, the reconciliation is complete. If they do not agree, the differences need to be identified and resolved. A new reconciliation should then be prepared once the differences have been resolved.
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How are the sales tax and the value-added tax similar?
Answer:
Sales tax is collected by the retailer when the final sale in the supply chain is reached via a sale to the end consumer. ... VAT (Value-Added Tax) is collected by all sellers in each stage of the supply chain. Suppliers, manufacturers, distributors and retailers all collect the value added tax on taxable sales.
Bye Have A Nice Day!A. Preparing a cash flow forecast helps a company to avoid __________.
• net losses
• liquidity
• opportunity costs
• higher financing costs
B. Why are ethical issues complicated for businesses that operate in the global economy?
• Because their employees won't know what the laws are in other countries.
• Because they tend to have more employees.
• Because different cultures have different norms and values.
• Because they don't have as much moral character as small, local businesses.
C. The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.
• AFN
• equity
• inventory
• sales forecast
1) Preparing a cash flow forecast helps a company to avoid net losses. (Option A)
2) Note that ethical issues are complicated for businesses that operate in the global economy "Because different cultures have different norms and values." (Option C)
3) The pro forma balance sheet shows how the AFN resulting from a strategic plan will be financed. (Option A)
What is AFN?In finance, AFN means Additional Funds Needed.
Additional funds required (AFN) is a financial term that is utilized when a company wants to expand its activities. Because a company that wants to raise its sales would need more assets to do so, some needs to be made to handle the rise in assets.
This may be determined using mathematical methods that employ inputs from a company's financial accounts.
AFN = projected rise in assets - spontaneous increase in liabilities - any increase in retained profits, is the simpler calculation.
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Most plants want to have their supplies delivered just before they are needed to be used in production
Answer:
True
Explanation:
The modern notion of "just in time" material delivery supports reduction of inventory and its associated costs. Plants that have sufficiently steady raw material usage will prefer supplies delivered "just in time."
Plants that have wildly varying production schedules or product mix may prefer a generous "safety stock." They may also prefer a generous supply inventory if their supply chain is unreliable.
It is true that most plants want to have supplies delivered just in time, but circumstances may make needs differ from wants.
Answer:
TRUEExplanation:
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The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answer:
B
Explanation:
Controlling is another organizational goal
What are human rights
The five distinct service dimensions that customers use to evaluate how well a service meets or exceeds their expectations are reliability, responsiveness, empathy, tangibles, and________.
The 5 wonderful provider dimensions that clients use to assess how nicely a provider meets or exceeds their expectancies are reliability, responsiveness, empathy, tangibles, and Assurance.
The required details for Assurance in given paragraph
Assurance provider is an impartial expert provider, usually furnished by Chartered or Certified Public Accountants or Chartered Certified Accountants, with the purpose of improving facts or the context of facts in order that choice makers could make greater informed, and probably better, decisions. Assurance offerings offer impartial and expert critiques that lessen facts chance (chance from wrong facts). Audits are consequently a kind of warranty provider. However, audits best check the validity of the assertions in monetary statements, and are challenge to law under International Standards on Auditing.
Assurance engagements designed to check historic monetary facts are called warranty reviews.
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Chloe received this email in her spam folder recommending a stock. What aspects of the letter should concern her? Choose four correct answers.
Answer: Edg 2021: A, B, D, E
Explanation:
Agent Thurmond has a listing that is in a flood hazard area that floods often and has been deemed ineligible for flood insurance.That condition would make the property ineligible for typical federally-related first mortgage financing. Agent Thurmond is representing only the seller in this transaction. Agent Thurmond has received an offer from a potential buyer that plans to pay cash and would not be required to have flood insurance because he is not getting a mortgage. Agent Thurmond must:
Answer: disclose the material fact about the flood hazard to the buyer.
Explanation:
Based on the information given in the question, Agent Thurmond must disclose the material fact about the flood hazard to the buyer.
It is advisable and ethical for Agent Thurmond to tell the buyer about the issue with regards to the flooding. This is appropriate in order to avert any controversy or case that may eventually result in the future when the buyer becomes aware of the flood hazard.
Suppose a company decides to lay off 150 workers to increase share values as a result some interested parties would benefit while others would suffer this scenario demonstrates the concerns with the _____ theory of social responsibility.
A. Maximizing profits
B. Stakeholder interest
C. Corporate citizenship
D. Moral minimum
Answer:
Corporate citizenship
Which best describes the facilities involved in the Healthcare cluster?
Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Some facilities are privately owned businesses that are owned by people who want to make money, and some facilities are nonprofit hospitals.
Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Many facilities are nonprofit clinics with the rest of the facilities owned and operated by private individuals to make a profit.
Answer: (C) Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Answer:
C. government
A firm currently produces 400 units at a price of $40. If it earns S1,000 profit, what must the average cost be? Note: The formula for Profit- Quantity x (Price-Average Cost) Provide your answer below FEE Content atribuion a F6 F7 FB F9 F10 F11 F12 PriScr Insert 6 7 8 am 2 8 hours
The average cost must be $37.50 for the firm to earn a profit of $1,000 producing 400 units at a price of $40.
To solve this problem, we need to use the formula for profit: Profit = Quantity x (Price - Average Cost). We know that the firm currently produces 400 units at a price of $40 and earns a profit of $1,000.
So, we can plug in the values we know:
$1,000 = 400 x ($40 - Average Cost)
Now we need to solve for the average cost:
$1,000 = 400 x $40 - 400 x Average Cost
$1,000 = $16,000 - 400 x Average Cost
$15,000 = 400 x Average Cost
Average Cost = $37.50
Therefore, the average cost must be $37.50 for the firm to earn a profit of $1,000 producing 400 units at a price of $40.
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.
According to the textbook, which industry typically adopts an experience curve pricing approach?
a. logging
b. space exploration
c. ready-to-eat cereal
d. electronics
e. mining
d. electronics. The industry that typically adopts an experience curve pricing approach is the electronics industry.
Experience curve pricing is a strategy in which a company reduces its prices as it gains experience and improves its processes, resulting in lower production costs. This approach is most commonly used in the electronics industry (option d) because rapid technological advancements and process improvements lead to significant cost reductions over time. In this industry, companies need to remain competitive by offering the latest technology at increasingly lower prices to attract customers.
The other industries listed, such as logging, space exploration, ready-to-eat cereal, and mining, do not generally follow this pricing strategy, as they have different market dynamics, production costs, and growth patterns that are not suited to experience curve pricing.
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so whos gonna help me with my family and consumer science finals :/
A(n)
strategy determines the direction the organization will take in making directional decisions.
A. business
O
B. organizational
C. operational
O
D. corporate
The following information applies to the questions displayed below.] Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Quantity information is obtained from the manufacturing records and includes the following: Exercise 8-43 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method.
Given information: Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Quantity information is obtained from the manufacturing records and includes the following:
UnitsMaterials Conversion Work-in-process inventory, February 1 10,000 100% complete with respect to materials and 75% complete with respect to conversion costs Units started into production during February 60,000 Units transferred to finished goods during February 55,000 100% complete with respect to materials and 90% complete with respect to conversion costsWork-in-process inventory, February 28 15,000 100% complete with respect to materials and 50% complete with respect to conversion costs.Required:
a. Compute the equivalent units for the materials and conversion cost calculations.
b. Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method. (Round answers to 2 decimal places, e.g. 2.55.)a. Calculation of equivalent units for February Materials Conversion Total Units transferred out 55,000 55,000 Work-in-process inventory, February 28 15,000 7,500 (15,000 x 50%) Units completed and transferred out 55,000 49,500 (55,000 x 90%) Units started into production during February:
Direct materials 60,000 60,000 Conversion costs 60,000 45,000 (60,000 x 75%) Total equivalent units 185,000 162,000 b. Computation of cost per equivalent unit for February using FIFO method Materials Conversion Costs Direct materials: Beginning WIP inventory $35,000 Units started during February 360,000 Cost per unit $6.25 Total cost to account for $2,275,000 Cost per equivalent unit $6.31 $6.31 Conversion costs:
Beginning WIP inventory $12,000 Units started during February 360,000 Cost per unit $3.75 Total cost to account for $1,387,500 Cost per equivalent unit $3.75 $3.75 Note: The calculation of cost per equivalent unit is done as follows: Cost per unit = Total cost to account for / Units started during FebruaryCost per equivalent unit = Cost per unit x (100% - percentage of completion)
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A company just starting business made the following four inventory purchases in June: June 1 110 units $430 June 10 200 units 580 June 15 200 units 640 June 28 150 units 480 $2130 A physical count of merchandise inventory on June 30 reveals that there are 160 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is O $640. $1490. O $1555. $575.
The value of the ending inventory on June 30 using the LIFO (Last-In, First-Out) inventory method is option A). $640.
To calculate the value of the ending inventory using the LIFO method, we assume that the most recently purchased inventory items are the first ones sold. Therefore, we start by subtracting the most recent purchases until we reach the physical count on June 30.
June 28 purchase: 150 units at $480 per unit
160 units (physical count) - 150 units (June 28 purchase) = 10 units remaining
June 15 purchase: 200 units at $640 per unit
10 units remaining - 10 units (June 15 purchase) = 0 units remaining
Since we have no units remaining after the June 15 purchase, we have exhausted all the inventory purchased in June.
Now, let's calculate the value of the ending inventory:
June 15 purchase: 200 units at $640 per unit = $128,000
June 10 purchase: 200 units at $580 per unit = $116,000
June 1 purchase: 110 units at $430 per unit = $47,300
Total value of inventory purchased in June = $128,000 + $116,000 + $47,300 = $291,300
Therefore, the value of the ending inventory on June 30 using the LIFO method is $291,300.
Based on the given information and using the LIFO method, the value of the ending inventory on June 30 is $640.
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The major difference between the information-based model and the content-based model is the
Answer:
The major difference between the information-based model and the content-based model is the way they make recommendations.
In the information-based model, recommendations are made based on information about the user's preferences, such as their past behavior or explicit feedback. This model relies on data about the user and their interactions with the system to make recommendations.
On the other hand, in the content-based model, recommendations are made based on the characteristics of the items being recommended. This model relies on the attributes or features of the items, such as genre or author, to make recommendations. The system analyzes the user's past behavior and tries to identify patterns in the types of items they have interacted with positively, and then recommends other items with similar attributes or features.
Explanation:
Overall, the information-based model is more user-focused, while the content-based model is more item-focused. Both models have their strengths and weaknesses, and the choice of which model to use may depend on the specific context and goals of the recommendation system.
Explain departmental income statement and the criterion for division of indirect costs among departments. Provide an example from your own business experience or a hypothetical example in which at least three (3) indirect costs are divided among departments.
A departmental income statement shows the financial performance of individual departments within an organization. Indirect costs are divided among departments based on a chosen allocation method such as activity-based costing or direct allocation.
A departmental income statement allows an organization to assess the profitability of each department and make informed decisions regarding resource allocation.
Indirect costs, which cannot be directly attributed to a specific department, are allocated to departments using various methods such as the number of employees, square footage, or usage of equipment.
For example, a manufacturing company may allocate the costs of utilities, maintenance, and depreciation of shared equipment among its production, marketing, and administrative departments based on the square footage occupied by each department.
This ensures that each department bears a fair share of the indirect costs and helps in determining the accurate profitability of each department.
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Dexter has recently joined an organization. His trainer, ken asks dexter to follow certain processes to complete his work faster. Dexter follows the processes without questioning ken. Which one of Aristotle's elements of good communication is being exemplified in the communication between dexter and ken?
Answer:
Ethos
Explanation:
Ethos is one of the three Aristotle's elements of good communication that is based on credibility. It explains the reason why a listener should believe what you are saying to them.
This can also come as a result of ones position and in the environment where he is communicating or because of his expertise and skills and knowledge in the subject of communication which actually convince the listeners that you are more knowledgeable.
Ken's position as Dexter's trainers makes allows his credibility to Ken.
Answer:
Ethos
Explanation:
Answered it right on edmentum
Which of the following is a section found in most business plans?
A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market
Answer:
D. Target market
Explanation:
Enjoy the response
Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.
What is the significance of a business plan?A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.
A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.
Therefore, the options C and D hold true and state regarding the significance of business plan.
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Is it possible for the same product to be categorized both as
raw materials and as finished goods? Give an example or explain why
it is not possible. No plagiarism please!
Yes, it is possible for the same product to be categorized as both raw materials and finished goods, depending on the stage of production and the intended use.
For example, let's consider a car manufacturing company. The steel sheets used to build the car are considered raw materials because they are transformed into new products during the production process. However, after the car is assembled and ready for sale, it becomes a finished good.
Another example is the food industry. Wheat is a raw material used to make flour, which can be sold as-is or used as a base for further processing. The same flour could be categorized as a raw material when sold to a bakery to make bread, but it becomes a finished product once it is sold to consumers as bread.
In summary, product categorization as raw materials and finished goods can vary depending on the industry, stage of production, and intended use of the product.
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A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
Oscar has an policy with a $200 premiumIn April he is in an accident and has bill totaling $8,500His deductible is $1,500 with a coverage limit of $5,000How much will Oscar have to pay in the month of April?
Oscar has insurance with a $200 deductible. He is in an accident in April and has an $8,500 charge. His deductible is $1,500, and he has a $5,000 coverage cap. As a result, Oscar will have to pay $3,500 in April.
What exactly is a coverage cap?A coverage cap is a limit on the amount that an insurance policy will pay for a particular benefit or service. This means that the insurance policy will only pay up to a certain amount, and any costs that exceed that limit will be the responsibility of the policyholder.
Coverage caps are often used in health insurance policies, where there may be limits on the amount that the policy will pay for certain types of medical procedures or treatments. For example, a policy may have a coverage cap of $10,000 for a specific type of surgery. If the cost of the surgery exceeds $10,000, the policyholder will be responsible for paying the difference.
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