Answer:
The slope representing the correlation between ice cream price and the sales quantity is -1/15
Explanation:
To find the slope of the price and quantity of ice cream sold, the following calculation is needed:
Slope= change in yaxis( vertical)/change in xaxis(horizontal)
Slope= change in price/change in quantity demanded
Slope=P2-P1/Q2-Q1
Slope=3-4/35-20
Slope=-1/15
The slope representing the correlation between ice cream price and sales quantity is -1/15
Response:
- 1. During this fiscal year, the total amount of bad debts that were written off was:
Allowance for Doubtful Accounts
$ 147 Credit
$ 94 Credit
$ 58 Debit
$ 183 Credit Balance
Dr Allowance for Uncollectible Accounts $ 58
Cr Accounts Receivable Net $ 58
2. Based on your answer to question (1), determine the cash collected from clients for this financial year.
Accounts Receivable
$ 11,785 Debit
$ 61,170 Debit
$ 58 Credit
$ 58,825 Credit
$ 14,072 Debit Balance
Explanation:
To ascertain the amount of debt written off during the ongoing year, take into account the balance from the previous year and factor in the total recorded for bad debts within the year. The difference between the total for the current year and these figures will indicate the written-off amount.
- In the current year, Hassell noted a bad debt expenditure of $94 with no recoveries reported.
Dr Bad Debt Expense $ 94
Cr Allowance for Uncollectible Accounts $ 94
1. What was the total amount of bad debts written off in the current year?
Allowance for Doubtful Accounts
$ 147 Credit
$ 94 Credit
$ 58 Debit
$ 183 Credit Balance
Dr Allowance for Uncollectible Accounts $ 58
Cr Accounts Receivable Net $ 58
2. Using the answer from requirement (1), calculate the cash obtained from customers this year
With previously calculated figures, you can calculate the total amount collected throughout the year. You repeat the process used earlier to figure out the amount; using the movements from the current year, deduce the total collected value.
Accounts Receivable
$ 11,785 Debit
$ 61,170 Debit
$ 58 Credit
$ 58,825 Credit
$ 14,072 Debit Balance
Dr Cash $ 58.825
Cr Accounts Receivable Net $ 58.825
The return rate for the asset in this scenario is calculated to be 6.14%. This is determined by evaluating the Internal Rate of Return for the given cash flows, as outlined in the provided information.
Response:
Clarification:
Last year's customer orders totaled 15000
Predicted orders for next year with a 15% rise = 15000 x 1.15 = 17250
Each customer order takes 1.5 hours to fulfill
Total time needed to satisfy customer orders = 17250 x 1.5 = 25875
Knowing that the standard work year comprises 2000 hours
Hence, the effective work year with a 2% capacity cushion
= Standard work year x ( 1 – Capacity cushion %/100)
= 2000 x 0.98 = 1960 hours
Workers required by manager
= Total time needed for orders / effective work year
= 25875 / 1960 = 13.20, rounded to 13
Thus, the manager will require 13 workers next year
The full question is:
Jo is a candid and honest individual. She holds the belief that her staff shares the same honesty and straightforwardness, overlooking any indications that they might be deceiving her. Which perceptual shortcut is Jo most likely employing? a. prototypingb. contrast effect c. halo effect d. stereotyping e. projection
Answer:
Projection
Explanation:
Psychological projection is an unconscious tendency where a person ascribes their own qualities to others. This can manifest as either positive or negative projection.
In Jo's situation, her own honesty and straightforwardness lead her to assume the same about those around her. Consequently, she fails to recognize signs of dishonesty that suggest she is being manipulated.
