In the 1950s and 1960s, record companies primarily focused their marketing strategies on capturing the teenage demographic as it shift in focus was driven by several factors and cultural shifts during that era.
The record companies targeted this demographic:
Rise of youth culture: The 1950s and 1960s witnessed the emergence of a distinct youth culture, marked by rebelliousness, individuality, and a desire for new and exciting forms of entertainment. Popularity of rock and roll: The advent of rock and roll music during this period captured the attention and enthusiasm of young people. Artists like Elvis Presley, Chuck Berry, and The Beatles became icons and influenced the musical tastes and lifestyles of teenagers. Disposable income and influence: Teenagers had disposable income to spend on entertainment, including purchasing records. With part-time jobs, allowances, and a growing influence over household spending decisions, teenagers became a significant consumer group that record companies wanted to tap into. Changing marketing strategies: Record companies began adopting innovative marketing strategies to reach teenagers. They utilized television appearances, radio promotions, magazine ads, and fan clubs to create a sense of excitement and cultivate a loyal following among teenagers. Cultural shifts and societal changes: The 1950s and 1960s marked a period of cultural transformation, with youth becoming more influential in shaping trends and challenging traditional norms.For such more question on marketing:
https://brainly.com/question/25369230
#SPJ8
Assume that the marginal propensity to consume is equal to 0.8.
Which one of the following policy actions will increase the level
of output and income by R1 000 in the goods market?
Select one:
A. An
. An increase in government spending by R1 000 When the marginal propensity to consume (MPC) is 0.8, it means that for every additional unit of income received, 80% of it will be spent on consumption. To increase output and income by R1 000 in the goods market, we need to consider the multiplier effect.
The multiplier effect represents how changes in spending can have a multiplied effect on output and income. The formula for the multiplier effect is:
Multiplier = 1 / (1 - MPC)
In this case, the MPC is 0.8, so the multiplier would be:
Multiplier = 1 / (1 - 0.8) = 1 / 0.2 = 5
This means that an initial injection of R1 000 into the economy will result in a total increase in output and income of R5 000 (5 times the initial injection).
Among the given options, an increase in government spending by R1 000 would directly inject that amount into the economy, leading to an increase in output and income. Additionally, the multiplier effect would amplify the impact of the initial spending increase.
Therefore, the correct answer is A. An increase in government spending by R1 000.
To learn more about propensity: click here https://brainly.com/question/29035456?
#SPJ11
Filaska Corp. paid a dividend of $3.27 on its common stock at the end of last year. Dividends are expected to grow at a constant rate of 5% in the forseeable future. What is the intrinsic value of the stock if investors’ required rate of return is 13%? Round to two decimal places (Ex. $0.00)
The intrinsic value of a stock can be computed, we can use the dividend discount model (DDM) formula. In this case, since the dividends are expected to grow at a constant rate, we can use the Gordon growth model, which is a simplified version of the DDM.
The formula for the Gordon growth model is:
Intrinsic Value = Dividend / (Required Rate of Return - Dividend Growth Rate)
Let's plug in the values:
Dividend = $3.27
Required Rate of Return = 13% = 0.13 (decimal form)
Dividend Growth Rate = 5% = 0.05 (decimal form)
Intrinsic Value = 3.27 / (0.13 - 0.05) = 3.27 / 0.08 = $40.88
Therefore, the intrinsic value of the stock is $40.88. This means that, according to the Gordon growth model, the stock is worth $40.88 based on the expected dividends and the investors' required rate of return.
It's important to note that this is just one method of valuing a stock, and there are other factors that should be considered, such as the company's financial health and industry trends. Additionally, this calculation assumes that the dividends will continue to grow at a constant rate in the foreseeable future.
To know more about Dividend Discount Model visit:
https://brainly.com/question/28474041
#SPJ11
Using relevant frameworks assess L&T company’s growth strategy over the past 3 to 5 years
L&T's growth strategy over the past 3 to 5 years has been successful due to its ability to diversify its offerings and expand its operations overseas.
Porter's Five Forces Framework Porter's Five Forces Framework analyzes the competitive environment of a company. The following are the five forces that affect a company's ability to earn profits:Threat of New Entrants - High: L&T's main industry is highly competitive and has low entry barriers. As a result, new entrants can quickly enter the market.Threat of Substitutes - Low: L&T's main industry is construction and engineering, which doesn't have many substitutes. Bargaining Power of Customers - Medium: Customers have moderate bargaining power as they have various options to choose from.Bargaining Power of Suppliers - Medium: Suppliers have moderate bargaining power as they can provide products and services to other companies.Rivalry Among Existing Competitors - High: The rivalry among existing competitors in L&T's industry is very high.
As a result, it has been able to diversify its revenue streams and has become less dependent on the construction industry. L&T has also expanded its operations overseas, which has helped it gain market share.
To know more about Growth strategy visit-
https://brainly.com/question/30166252
#SPJ11
Part 2 Relevant costing
ABC Company is making a luxury furniture to order for a
customer, but the customer has financial problems. And it is
expected that ABC will not obtain any money from this custo
In this scenario, the relevant costing method would be useful for ABC Company to determine whether it is worthwhile to continue making luxury furniture for the customer with financial problems. Relevant costing refers to the process of identifying and evaluating the costs that will be affected by a specific decision.
In this case, ABC Company needs to determine whether the costs of continuing to produce luxury furniture for the customer outweigh the benefits.
Firstly, the company would need to determine the direct costs associated with producing the luxury furniture, such as the cost of materials and direct labor. They would also need to consider the indirect costs, such as overheads, that are associated with the production of the furniture.
Next, the company would need to determine the potential revenue from the sale of the luxury furniture to the customer. In this case, it is expected that the company will not receive any payment from the customer. Therefore, the potential revenue from the sale would be zero.
If, on the other hand, the potential benefits outweigh the costs, the company may decide to continue producing the furniture with the hope that the customer will eventually pay for it.
To know more about determine visit:
https://brainly.com/question/29898039
#SPJ11
Suppose that each month a firm’s monthly revenue is $10,000, its explicit costs are $7,000, and its implicit costs are $5,000. What is the firm’s monthly economic profit?
a. $3,000
b. -$2,000
c. $2,000
d. $5,000
The firm's monthly economic profit is -$2,000, indicating a loss.
To calculate the firm's monthly economic profit, we need to subtract both the explicit costs and implicit costs from the monthly revenue.
Given:
Monthly revenue = $10,000
Explicit costs = $7,000
Implicit costs = $5,000
To calculate the monthly economic profit, we use the formula:
Monthly economic profit = Monthly revenue - Explicit costs - Implicit costs
Substituting the given values, we have:
Monthly economic profit = $10,000 - $7,000 - $5,000
Monthly economic profit = -$2,000
The negative sign indicates that the firm is incurring a loss, as the total costs (explicit and implicit) exceed the monthly revenue. In this case, the firm's monthly economic profit is -$2,000.
Therefore, based on the provided revenue, explicit costs, and implicit costs, the firm is experiencing a monthly economic loss of $2,000. This suggests that the firm's expenses, including both explicit and implicit costs, outweigh its revenue for the given period. It is important for the firm to assess its cost structure and revenue generation strategies to improve its economic profitability.
To know more about economic profit , visit:
https://brainly.com/question/32504515
#SPJ11
display ads are sometimes called banner ads include image ads, but not text ads include text ads, but not image ads differ from both image and text ads
Display ads, sometimes called banner ads, typically refer to visual advertisements that appear on websites, mobile apps, or other digital platforms. They can include both image ads and text ads, but they differ from both image and text ads in terms of their format and presentation.
1. Differing from Image Ads:
Display ads, as a category, include image ads, but they are not limited to them. Image ads are visual advertisements that rely primarily on images or graphics to convey the message. They can be static or animated, and they often contain minimal text. Image ads can be highly engaging and visually appealing, grabbing the attention of the audience.
However, display ads go beyond just image ads. They can also include other elements like text, interactive elements, videos, audio, or a combination of different media formats. Display ads have more flexibility in terms of their creative presentation, allowing advertisers to incorporate various elements to enhance their visual impact and engagement.
2. Differing from Text Ads:
While text ads rely solely on textual content to convey the message, display ads combine visual elements, such as images or graphics, along with text. Text ads typically consist of plain text with a headline, description, and sometimes a display URL. They are often found in search engine results or on text-based platforms.
Display ads, on the other hand, are visually rich and encompass a broader range of creative possibilities. They can include images, logos, branding elements, and eye-catching visuals to capture the attention of the audience. Display ads aim to create a visual impact and evoke an emotional response, while text ads focus primarily on conveying the message through text.
For such more question on presentation:
https://brainly.com/question/27326303
#SPJ8
Question 1 Using the demand and supply analysis, illustrate the graph and explain what might happen to the equilibrium price and equilibrium quantity in the following events: a) With an increase in the donut producers, what will happen to the donut's market? (4 Marks) b) Petrol and car are complements, what happens to the market for car if the price of petrol (4 Marks) increases? c) The farmers had applied new technology in mango harvesting. What will happen to mango's market? (4 Marks) d) Milk is used to produce cheese. If the price of a kilogram (kg) of cheese rises, what will happen to the cheese's market? (4 Marks) e) In May market analysts predict that the price of chicken will rise in June. What will happen to chicken's market in June, ceteris paribus. (4 Marks) (Total: 20 Marks)
Demand and supply analysis is a critical element in business operations and marketing. In light of this, the graph and equilibrium price and quantity in the following situations can be explained as follows;a) An increase in the number of donut producers in the market will lead to a shift in the supply curve towards the right.
Consequently, the equilibrium price will decrease, while the equilibrium quantity will increase.b) Petrol and car are complements; thus, an increase in the price of petrol leads to a decrease in the demand for cars.
This shift is represented by a movement to the left of the demand curve, resulting in a decrease in equilibrium quantity and price.c) Farmers apply new technology in mango harvesting, resulting in an increase in supply. The supply curve will shift to the right, leading to a decrease in equilibrium price and an increase in equilibrium quantity.d) Milk is used to produce cheese; hence, an increase in cheese prices will increase demand for milk.
The result is a rightward shift of the demand curve, leading to an increase in equilibrium price and quantity.e) Market analysts predict that chicken prices will rise in June, leading to an increase in demand before the actual increase in price occurs. Consequently, there will be an increase in equilibrium quantity and price.The above analysis of demand and supply illustrates how an increase in the number of producers, complementary goods and technological advances, affect the equilibrium price and quantity in a given market.
To know more about marketing visit:
https://brainly.com/question/27155605
#SPJ11
2. On June 1,2021, Kendall Young established a local bakery, Sweet Eats. During the month, Kendall completed the following transactions related to the business June 1 Kendall transferred cash from a personal bank account to an account to be used for the business, $35,000. 3 Paid June's rent, $2,960. 5 Purchased a mixer for $6,000, paying $2,000 cash and giving a note payable for the remainder. 5 Purchased equipment on account, $11,900. 6 Purchased supplies for cash, $1,500. 14 Paid annual premiums on property and casualty insurance, $4,580. 15 Received cash for job completed, $1,100. 16 Paid creditor a portion of the amount owed for equipment purchased on 5 of $4,240. 17 Recorded jobs completed on account and sent invoices to customers, $16,500. 18 Received an invoice for equipment repair expenses to be paid in July, $1,340. 18 Paid utilities expense, $1,530. 21 Paid miscellaneous expenses, $550. 24 Received cash from customers on account, $6,100. 30 Paid wages of employees, $4,060. 30 Withdrew cash for personal use, $3,390 termine the debit and credit accounts for each transaction using below journal
Transferred cash from a personal bank account to a business account. Purchased equipment and supplies, paid rent, and received cash for services.
Here are the journal entries for the transactions:
Date Account Title Debit Credit
Jun. 1 Cash 35,000
K. Young, Capital 35,000
(To record the transfer of cash from a personal bank account to a business account)
Jun. 3 Rent Expense 2,960
Cash 2,960
(To record the payment of rent)
Jun. 5 Equipment 6,000
Cash 2,000
Note Payable 4,000
(To record the purchase of a mixer)
Jun. 5 Equipment 11,900
Accounts Payable 11,900
(To record the purchase of equipment on account)
Jun. 6 Supplies 1,500
Cash 1,500
(To record the purchase of supplies)
Jun. 14 Insurance Expense 4,580
Cash 4,580
(To record the payment of insurance premiums)
Jun. 15 Cash 1,100
Service Revenue 1,100
(To record the receipt of cash for a job completed)
Jun. 16 Accounts Payable 4,240
Cash 4,240
(To record the payment of a portion of the amount owed for equipment purchased on 5)
Jun. 17 Accounts Receivable 16,500
Service Revenue 16,500
(To record jobs completed on account and sent invoices to customers)
Jun. 18 Equipment Repair Expense 1,340
Accounts Payable 1,340
(To record the receipt of an invoice for equipment repair expenses to be paid in July)
Jun. 18 Utilities Expense 1,530
Cash 1,530
(To record the payment of utilities)
Jun. 21 Miscellaneous Expense 550
Cash 550
(To record the payment of miscellaneous expenses)
Jun. 24 Cash 6,100
Accounts Receivable 6,100
(To record the receipt of cash from customers on account)
Jun. 30 Wages Expense 4,060
Cash 4,060
(To record the payment of wages of employees)
Jun. 30 K. Young, Drawings 3,390
Cash 3,390
The debit side of a journal entry represents the accounts that are being increased.
The credit side of a journal entry represents the accounts that are being decreased.
The amounts in the debit and credit columns must be equal.
To learn more about Transferred cash: https://brainly.com/question/31111870
#SPJ11
To prevent inadvertent activation of the ESU resulting in possible ignition of draping materials, the pencil should be placed in which of the following when NOT in use?
When a pencil is not in use, it is generally recommended to place it in a designated pencil holder or pencil cup. This helps prevent inadvertent activation of any nearby electronic devices, such as an ESU (Electrosurgical Unit), which could potentially cause ignition of draping materials.
By placing the pencil in a designated holder or cup, you ensure that it remains in a stable and upright position, minimizing the risk of accidental activation. Additionally, keeping the pencil separate from other objects reduces the chances of it coming into contact with any conductive materials or surfaces that could potentially trigger an electrical discharge.
It's important to follow any specific guidelines or safety instructions provided by the manufacturer or the institution you are working with regarding the proper storage and handling of equipment, including pencils and ESUs, to ensure optimal safety in a given medical or surgical setting.
To learn more about designated : click here
https://brainly.com/question/17147499?
#SPJ11
you have a client, hank brown, who does much of his business overseas, and his assistant who is his sister, allie brown, often drops off checks at the branch for deposit in his individual account. today allie stopped by the office and said hank forgot to sign some papers before he left and will be gone for three weeks. because these are time-critical documents, hank told her to have you sign them for him. which of the following is true? a) this would be permitted because it is call a signature of convenience. b) this would be permitted if hank called you and said to go ahead and sign them for him. c) this would be permitted because you know allie is his sister. d) this would not be permitted. hank will have to sign them when he gets back.
The correct answer is: d) This would not be permitted. Hank will have to sign them when he gets back.
In legal and business matters, it is generally not permissible for someone else to sign documents on behalf of another person, especially in situations where the individual's signature is required for legal or contractual purposes. Even if Allie is Hank's sister, it does not grant her or you the authority to sign documents on Hank's behalf without proper authorization.
To ensure compliance and avoid potential legal issues, it is important for the person whose signature is required to sign the documents themselves. In this case, since Hank is unavailable, he should sign the documents when he returns. Alternatively, if Hank explicitly authorizes someone to sign on his behalf, it would be permitted if he follows the proper procedures and provides the necessary authorization.
Learn more about Compliance here:
brainly.com/question/28093012
#SPJ11
9.Diane Lemay works for Monarch Construction in Alberta and earns an annual salary of $47,000.00 paid on a bi-weekly basis. The company provides its employees with group term life insurance coverage of two times annual salary and pays a monthly premium of $0.56 per $1,000.00 of coverage. Diane uses her car to meet with clients on company business and receives a taxable car allowance of $50.00 per pay. The company has a defined contribution pension plan to which Diane contributes 5% of her salary each pay.
Diane Lemay's bi-weekly salary after deducting taxes and other contributions is $351.68.
How to find?Step 1: Calculate the bi-weekly salary before deductions.
Diane's annual salary is $47,000. To find her bi-weekly salary, divide her annual salary by the number of weeks in a year (52 weeks) and then divide that result by 2 (since she is paid bi-weekly).
$47,000 / 52 / 2 = $451.92 (rounded to the nearest cent)
Diane's bi-weekly salary before deductions is $451.92.
Step 2: Calculate the life insurance coverage.
Diane's employer provides a life insurance coverage of two times her annual salary. Multiply her annual salary by 2 to find the coverage amount.
$47,000 * 2 = $94,000
Diane's life insurance coverage is $94,000.
Step 3: Calculate the monthly premium for the life insurance.
The company pays a monthly premium of $0.56 per $1,000.00 of coverage. Divide the coverage amount by $1,000 and then multiply that result by the premium rate.
$94,000 / $1,000 * $0.56 = $52.64 (rounded to the nearest cent)
The monthly premium for Diane's life insurance is $52.64.
Step 4: Calculate the taxable car allowance per pay.
Diane receives a taxable car allowance of $50.00 per pay. Since she is paid bi-weekly, divide the car allowance by 2.
$50.00 / 2 = $25.00
Diane's taxable car allowance per pay is $25.00.
Step 5: Calculate the pension plan contribution per pay.
Diane contributes 5% of her salary each pay to the pension plan. Multiply her bi-weekly salary before deductions by 5% to find the contribution amount.
$451.92 * 0.05 = $22.60 (rounded to the nearest cent)
Diane's pension plan contribution per pay is $22.60.
Step 6: Calculate the bi-weekly salary after deductions.
To find Diane's bi-weekly salary after deductions, subtract the life insurance premium, car allowance, and pension plan contribution from her bi-weekly salary before deductions.
$451.92 - $52.64 - $25.00 - $22.60 = $351.68 (rounded to the nearest cent)
Diane's bi-weekly salary after deductions is $351.68.
Therefore, Diane Lemay's bi-weekly salary after deducting taxes and other contributions is $351.68.
To know more on Insurance visit:
https://brainly.com/question/989103
#SPJ11
A transportation shipment of 75 tons for 125 miles would be:
200 ton-miles
3125 ton-miles
9375 ton-miles
6250 ton-miles
The correct answer is 9375 ton-miles.
A transportation shipment of 75 tons for 125 miles would result in a total of 9375 ton-miles.
To calculate the ton-miles, you multiply the weight of the shipment (in tons) by the distance traveled (in miles). In this case,
The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well.
"Logistics", a term borrowed from the military environment, is also used in the same sense
the weight of the shipment is 75 tons and the distance traveled is 125 miles.
So, to find the ton-miles, we multiply 75 tons by 125 miles:
75 tons * 125 miles = 9375 ton-miles.
Therefore, the correct answer is 9375 ton-miles.
Learn more about transportation shipment :
https://brainly.com/question/14311275
#SPJ11
the process of transferring figures from the book of original entry to the ledger accounts is called
The process of transferring figures from the book of original entry to the ledger accounts is called posting. Posting is one of the vital steps in the accounting cycle, as it provides an update on the financial standing of a company or organization.
It is usually performed once a transaction is recorded in a journal or book of original entry. Posting is a systematic method of recording financial data from different books of accounts and creating ledger accounts for them. This process entails transferring all of the information from the journal entries to the respective ledger accounts.Each transaction recorded in a journal or book of original entry is posted to a respective account in the general ledger. The account is debited or credited based on the entry made in the journal. The posting process ensures that all entries are correctly and accurately recorded, preventing errors in financial statements and providing insight into a company's financial position.
To know more about original visit:
https://brainly.com/question/4675656?referrer=searchResults
#SPJ11
Carla Vata Techinologies Inc reported the followieg information related fo its sharehalulers' equity an Jamary 1 . Earing the year. the following transoctions related to camman thares oceurred in the order foted - 15sued 30,000 stares at $4,00 pet share. 2. Heacrited 9,000 whares at 32,00 per share. 3. Issued 6,000 shares at $4.57 per-share. 4. Peacrared 19.000 shares at 44 perstiare. 5. Reactuired 75.800 shares at 52 pecthare. (b) Determine the ending balances in each of the following accounts: Common Shares, Contributed Surplus-Reachuisition of Common Shares, and Retained Earnings. (Round the average bsue price to two decimal places, eg. 5.27 and final enswrrs to 0 decimal places, es. 5,276, Commonshares Contributed Surplus-reacquisition of commen shares 5 Retained earnings $
The ending balances in the following accounts are: Common Shares, Contributed Surplus-Reacquisition of Common Shares, and Retained Earnings. It is to be noted that the average issue price is to be rounded off to two decimal places and the final answer is to be rounded off to 0 decimal places.
Let's compute the ending balances for each account.
Common Shares
Issued 30,000 shares at $4.00 per share.
Amount raised from the issuance of common shares: $120,000.
Number of shares outstanding after the issuance: 30,000
Issued 6,000 shares at $4.57 per share.
Amount raised from the issuance of common shares: $27,420.
Number of shares outstanding after the issuance: 36,000Reacquired 19,000 shares at $44 per share.
Amount paid for the reacquisition of common shares: $836,000.
Number of shares outstanding after the reacquisition: 17,000
Issued and reacquired shares cannot exist in the same account. So, the number of outstanding shares is equal to the total number of shares issued minus the total number of shares reacquired.
Number of outstanding shares = Total number of shares issued - Total number of shares reacquired.
Number of outstanding shares = 36,000 - 19,000
Number of outstanding shares = 17,000
Therefore, the ending balance of Common Shares is $68,000 which is the product of the number of outstanding shares and the average issue price.
The average issue price is:
Average issue price = (Total issue price of common shares) / (Total number of shares issued)
Average issue price = (120,000 + 27,420) / (30,000 + 6,000)
Average issue price = 147,420 / 36,000
Average issue price = 4.0944 (rounded to 2 decimal places)
Contributed Surplus-Reacquisition of Common Shares
The amount paid for the reacquisition of common shares is greater than the average issue price of common shares when issued. Hence, there is a gain on reacquisition of common shares.
The amount of gain on reacquisition of common shares is:
Gain on reacquisition of common shares = (Average issue price of common shares) - (Amount paid for reacquisition of common shares per share) Gain on reacquisition of common shares = 4.0944 - 44Gain on reacquisition of common shares = -39.9056The total amount of gain on reacquisition of common shares is:
Total gain on reacquisition of common shares = (Number of shares reacquired) x (Gain on reacquisition of common shares per share)
Total gain on reacquisition of common shares = 19,000 x (-39.9056)
Total gain on reacquisition of common shares = -$758,002.40 (rounded to 2 decimal places)
The ending balance of Contributed Surplus-Reacquisition of Common Shares is equal to the total amount of gain on reacquisition of common shares, which is -$758,002.40.
Retained Earnings Net income earned during the year is not given in the question. Hence, we cannot compute the ending balance of Retained Earnings.
In the given problem, we are required to determine the ending balances in the following accounts: Common Shares, Contributed Surplus-Reacquisition of Common Shares, and Retained Earnings. The average issue price is to be rounded off to two decimal places and the final answer is to be rounded off to 0 decimal places.
The total number of shares issued and reacquired and the respective issue and acquisition prices are provided in the question. We can compute the ending balances of Common Shares and Contributed Surplus-Reacquisition of Common Shares by using the given data. However, the ending balance of Retained Earnings cannot be computed as the net income earned during the year is not given.
Learn more about Common Shares here:
brainly.com/question/14504712
#SPJ11
Describe the sales transaction cycle in the proper order Indicate the documents o concerned department for each activity in the correct order.
The sales transaction cycle involves a series of activities that occur in a specific order. Here is a step-by-step description of the cycle, along with the documents involved in each activity:
1. Order Placement: The customer places an order for goods or services. This can be done through various channels, such as in-person, phone, or online. The document involved in this activity is the purchase order.
2. Order Processing: The concerned department, usually the sales department, verifies the availability of the requested items and processes the order. They may check inventory levels and schedule delivery. The document used here is the sales order.
3. Order Fulfillment: The warehouse or inventory department picks and packs the ordered items for shipment. They may generate a picking list to ensure accurate fulfillment. The document associated with this activity is the picking list.
4. Shipping: The goods are transported to the customer's location using a chosen shipping method. A bill of lading or delivery note is prepared, which serves as the document for this step.
5. Invoicing: The finance or accounting department generates an invoice based on the order details. This document includes the itemized list of goods or services provided, their quantities, prices, and any applicable taxes or discounts.
6. Payment: The customer makes the payment for the goods or services. This can be done through various means, such as cash, check, credit card, or electronic transfer. The document associated with this step is the payment receipt.
7. Order Confirmation: The sales department acknowledges the completion of the transaction by sending an order confirmation to the customer. This document acts as a proof of the completed transaction.
The sales transaction cycle involves order placement, order processing, order fulfillment, shipping, invoicing, payment, and order confirmation. Each step is supported by specific documents such as purchase orders, sales orders, picking lists, bills of lading, invoices, payment receipts, and order confirmations.
To know more about Order Processing :
brainly.com/question/28233382
#SPJ11
The sales transaction cycle refers to the process of completing a sale from beginning to end. It involves various activities and documents that are necessary for a successful transaction.
Here is a general outline of the sales transaction cycle, along with the documents and concerned departments involved in each activity:
1. Sales order initiation: This is the first step in the sales transaction cycle.
The customer places an order for a product or service. The concerned department for this activity is the Sales Department.
The document associated with this activity is the Sales Order.
2. Sales order review: Once the sales order is received, it is reviewed for accuracy and availability of the requested items. The concerned department for this activity is the Sales Department.
The document associated with this activity is the Sales Order Review.
3. Inventory check: After the sales order review, the inventory is checked to ensure that the requested items are available.
The concerned department for this activity is the Inventory Department.
The document associated with this activity is the Inventory Check.
4. Sales order confirmation: Once the inventory check is completed and the items are available, a confirmation is sent to the customer.
The concerned department for this activity is the Sales Department.
The document associated with this activity is the Sales Order Confirmation.
5. Product preparation: The products or services requested in the sales order are prepared for delivery or pickup. The concerned department for this activity is the Production or Service Department.
The document associated with this activity is the Product/Service Preparation.
Know more about sales transaction cycle here:
https://brainly.com/question/30366565
#SPJ11
what are the benefits and risks to consumers of using paperless, electronic systems to pay for products and services both online and in stores? do the benefits to consumers justify the risks, or not?
Electronic payment systems offer convenience, speed, and accessibility, but also security vulnerabilities and privacy concerns. Their worth depends on individual preferences and tolerance.
Paperless, electronic payment systems offer several benefits to consumers. Firstly, they provide convenience by eliminating the need for carrying cash or physical cards, allowing for easy and quick transactions.
Electronic payments can be made from anywhere with internet access, enabling seamless online shopping experiences. Additionally, electronic systems often offer features like automatic transaction tracking and digital receipts, simplifying record-keeping for consumers.
However, there are risks associated with electronic payment systems. One major concern is security. Hackers and identity thieves can target electronic payment systems to gain unauthorized access to sensitive financial information.
Another risk is the potential for data breaches and unauthorized disclosure of personal information. Additionally, technical issues or system failures can disrupt electronic payment processes, causing inconvenience and potential financial loss for consumers.
Whether the benefits of using electronic payment systems justify the risks depends on individual perspectives. Some consumers prioritize the convenience and efficiency of electronic payments and are willing to accept the associated risks.
Others may have concerns about privacy and security and prefer traditional payment methods. It is essential for consumers to assess their own risk tolerance, employ security measures such as strong passwords and encryption, and choose reputable payment service providers to mitigate potential risks.
learn more about online shopping here
https://brainly.com/question/30285319
#SPJ11
Explain why advocates of free trade are bothered by the trend in
the number of anti-dumping suits in recent years.
Advocates of free trade are concerned about the increasing number of anti-dumping suits in recent years. These suits go against the principles of free trade and can lead to protectionist measures that hinder global economic integration.
Free trade advocates are troubled by the rising trend in anti-dumping suits due to their inherent conflict with the principles of open and unrestricted trade.
Anti-dumping measures are taken by countries to counteract the alleged unfair pricing practices of foreign competitors. Dumping occurs when a company exports its goods at a price lower than its domestic market price or production cost, which can potentially harm domestic industries.
However, advocates of free trade argue that anti-dumping measures often lead to protectionism, which hampers the benefits of global economic integration.
Such measures can result in the imposition of tariffs or import restrictions on targeted goods, making them more expensive or less accessible in the domestic market. This, in turn, reduces competition and limits consumer choices.
Advocates of free trade believe that open markets foster competition, efficiency, and innovation, leading to overall economic growth and improved standards of living. They argue that anti-dumping suits can be misused as protectionist tools by certain industries seeking to shield themselves from foreign competition.
Instead, proponents of free trade advocate for fair competition and the use of international trade rules and dispute settlement mechanisms, such as those provided by the World Trade Organization (WTO), to address any trade-related concerns.
The increasing number of anti-dumping suits raises concerns among free trade advocates as it suggests a growing inclination towards protectionist measures, which can undermine the benefits of global trade and hinder economic progress.
They emphasize the importance of maintaining a level playing field, promoting open markets, and addressing trade disputes through transparent and rules-based mechanisms to ensure the continued advancement of free trade principles.
Learn more about free trade here:
https://brainly.com/question/30239076
#SPJ11
QUESTION 3 20 points Save Answe Over the past six years, the exchange rate between Swiss franc and U.S. dollar, SFr/$, has changed from about 1.30 to about 1.60. Would you agree that over this six-year period, the Swiss goods have become cheaper for buyers in the United States? (UPDATE? SF has gone from SF1.67/$ to SF1.04/$ over the last six years.)
The exchange rate between Swiss franc and U.S. dollar,[tex]SFr/$[/tex], has gone from approximately 1.30 to approximately 1.60 over the past six years.
Over the past six years, the Swiss goods have become cheaper for buyers in the United States. This is because, in the last six years, the exchange rate between Swiss franc and U.S. dollar has changed, going from about 1.30 to about 1.60, which means that for every dollar, the buyer could get about 1.30 francs and now they get about 1.60 francs.
As a result, there has been a depreciation of the dollar and an appreciation of the franc, meaning that Swiss goods have become cheaper for US buyers. This implies that US importers would now have to pay fewer dollars to get the same amount of Swiss francs, making Swiss goods cheaper for US buyers.
To know more about Swiss visit:
https://brainly.com/question/33189575
#SPJ11
Most international sport events take place in a stadium, arena, or sport-specific facility. Based on the lectures and readings, answer the following questions: a. What are main differences from N. America in consumer behavior at international sport events? b. What are the key issues for management of international sport facilities?
This can involve optimizing event scheduling, offering diverse food and beverage options, and enhancing the overall fan experience.
a. The main differences in consumer behavior at international sport events between North America and other regions can include cultural factors, ticketing preferences, and fan engagement. In North America, sports events often have a strong focus on tailgating and pre-game festivities, whereas in other regions, fans may prioritize attending the event itself. Additionally, consumer behavior can vary based on cultural norms, such as the level of enthusiasm shown by fans during the event. Ticketing preferences may also differ, with some regions emphasizing season ticket packages while others prioritize single event tickets.
b. Key issues for the management of international sport facilities include venue sustainability, security, and operational efficiency. Ensuring that the facility is environmentally sustainable by implementing energy-efficient practices and waste management strategies is crucial. Security is another vital concern, involving measures to protect spectators, athletes, and staff. Effective crowd management, access control, and emergency preparedness are essential for a safe environment. Operational efficiency encompasses maintaining the facility, managing staffing and resources, and providing quality services to visitors.
To learn more about experience
https://brainly.com/question/15088897
#SPJ11
Dilly Farm Supply is located in a small town in the rural west.
Data regarding the store's operations follow:
Sales are budgeted at $248,000 for November, $288,000 for
December, and $220,000 for Janu
Dilly Farm Supply is located in a small town in the rural west. According to the given information, the sales budgeted for Dilly Farm Supply are $248,000 for November, $288,000 for December, and $220,000 for January.
These sales budgets help the store in managing their expenses and ensuring they are generating enough revenue to meet their costs. Sales budgets are a crucial part of a company's budgeting process, as they help in planning the future sales of the business.
It helps in forecasting the sales and preparing the company for the financial year ahead.In conclusion, the sales budgeted for Dilly Farm Supply are $248,000 for November, $288,000 for December, and $220,000 for January. Sales budgets are a crucial part of a company's budgeting process, as they help in planning the future sales of the business and forecasting the sales and preparing the company for the financial year ahead.
To know more about sales budgeted visit:
https://brainly.com/question/31165239
#SPJ11
Sunland Toys can make 5500 toy robots with the following costs:
Direct Materials $750000
Direct Labour $29400
Variable Overhead $23500
Fixed Overhead $14500
The company can purchase the 5500 robots externally for $145000. The avoidable fixed costs are $14500 if the units are purchased externally. What is the cost savings if the company makes the robots?
a. $17100
b. $14500
c. $6400
d. $2600
The correct answer is not provided. The cost savings if Sunland Toys makes the robots instead of purchasing them externally is $672,400.
The cost savings if Sunland Toys makes the robots instead of purchasing them externally can be calculated by subtracting the total cost of making the robots from the cost of purchasing them externally.
To calculate the total cost of making the robots, we need to add up the direct materials cost, direct labor cost, variable overhead cost, and fixed overhead cost.
Direct Materials cost: $750,000
Direct Labor cost: $29,400
Variable Overhead cost: $23,500
Fixed Overhead cost: $14,500
Total cost of making the robots = Direct Materials cost + Direct Labor cost + Variable Overhead cost + Fixed Overhead cost
= $750,000 + $29,400 + $23,500 + $14,500
Total cost of making the robots = $817,400
Now, to calculate the cost savings, we subtract the cost of purchasing the robots externally from the total cost of making the robots.
Cost of purchasing the robots externally: $145,000
Cost savings = Total cost of making the robots - Cost of purchasing the robots externally
= $817,400 - $145,000
Cost savings = $672,400
So, the cost savings if Sunland Toys makes the robots instead of purchasing them externally is $672,400.
Therefore, the correct answer is not provided.
Learn more about cost savings from the given link:
https://brainly.com/question/34242089
#SPJ11
which of the following questions can materials management help a company answer? how do we dispose of spoiled items? what laws need to be followed for storing hazardous materials? which items must be refrigerated when being stored and transported? all of these.
All of these - the above-mentioned questions, can be answered by materials management. Materials management is an essential aspect of running a business, and materials managers must possess a wide range of skills, including inventory management, logistics, supply chain management, and quality control.
Materials management refers to the efficient planning, organization, and control of materials and goods throughout their lifecycle. The concept includes all the stages of the supply chain from production to final consumption. Materials management can help a company answer the following questions: How do we dispose of spoiled items? Materials management can help a company answer the question of how to dispose of spoiled items. Materials managers are responsible for overseeing the disposal of products that have passed their expiration date, are damaged, or do not meet the required quality standards. Materials managers can develop policies and procedures to minimize waste and ensure the safe disposal of spoiled items.
What laws need to be followed for storing hazardous materials? Materials management can help a company answer the question of what laws need to be followed for storing hazardous materials. Materials managers must ensure that the company complies with all applicable regulations and guidelines related to the storage and handling of hazardous materials. This includes federal, state, and local laws governing the use of chemicals and other hazardous materials.
Which items must be refrigerated when being stored and transported? Materials management can help a company answer the question of which items must be refrigerated when being stored and transported. Materials managers must oversee the storage and transportation of products that require refrigeration, such as perishable foods, pharmaceuticals, and other temperature-sensitive products. They must ensure that the temperature-controlled storage facilities are functioning correctly, and the products are transported in climate-controlled vehicles.
Thus, All of these - the above-mentioned questions, can be answered by materials management. Materials management is an essential aspect of running a business, and materials managers must possess a wide range of skills, including inventory management, logistics, supply chain management, and quality control.
To know more about materials management
https://brainly.com/question/33013558
#SPJ11
Analyze Littlejohn, Inc. Littlejohn, Inc., manufactures machined parts for the automotive industry. The activity cost associated with Par Activity-Base Usage 250 dlh Activity Fabrication . 10 setups 10 prod. runs 10 moves . X Setup Production control Moving Total activity cost per unit Estimated units of production Activity cost per unit Each unit requires 30 minutes of fabrication direct labor. Moreover, Part XX-10 is manufactured in production production run is set up, scheduled (production control), and moved as a batch of 50 units. Management is ce setup, production control, and moving activities in order to cut the production run sizes by half. As a result, th runs, and moves will double from 10 to 20. Such improvements are expected to speed the company's ability . Activity Rate $80 per dlh $80 per setup $30 per prod. run $25 per move = Activity Cost $20,000 800 300 250 Setup is reengineered so that it takes 60% of the original cost per setup. Production control software will allow production control effort and cost per production run to decline by Moving distance was reduced by 40%, thus reducing the cost per move by the same amount. a. Determine the revised activity cost per unit under the proposed changes. $21,350 + 500 $42.70
Littlejohn, Inc., manufactures machined parts for the automotive industry. The activity cost associated with Part XX-10 is shown in the given table.
The activity cost associated with Par Activity-Base Usage 250 dlh Activity Fabrication . 10 setups 10 prod. runs 10 moves . X Setup Production control Moving Total activity cost per unit Estimated units of production Activity cost per unit Each unit requires 30 minutes of fabrication direct labor.
Moreover, Part XX-10 is manufactured in a production run when set up, scheduled (production control), and moved as a batch of 50 units. The management has planned to reduce setup, production control, and moving activities in order to cut the production run sizes by half.
To know more about automotive visit:
https://brainly.com/question/30578551
#SPJ11
a roth ira owner must be at least what age in order to make tax-free withdrawals? 59 1/2 and owned account for a minimum of 10 years 59 1/2 and owned account for a minimum of 5 years 70 1/2 and owned account for a minimum of 10 years 70 1/2 and owned account for a minimum of 5 years
A Roth IRA owner must be at least 59 1/2 years old and have owned the account for a minimum of 5 years in order to make tax-free withdrawals.
To make tax-free withdrawals from a Roth IRA, there are two requirements: age and account ownership duration. According to the given options, the correct requirement is that the Roth IRA owner must be at least 59 1/2 years old and have owned the account for a minimum of 5 years.
The age requirement of 59 1/2 is a common rule for retirement accounts, including Roth IRAs. It ensures that individuals have reached a certain age before accessing their retirement savings without penalties. The ownership duration requirement of 5 years ensures that the account has been established for a sufficient period to qualify for tax-free withdrawals.
It's important to note that if a withdrawal is made from a Roth IRA before the age of 59 1/2 or before the account has been held for at least 5 years, it may be subject to early withdrawal penalties and taxes on the earnings portion of the withdrawal. Therefore, meeting both the age and ownership duration requirements is necessary to make tax-free withdrawals from a Roth IRA.
Learn more about taxes here:
https://brainly.com/question/10652477
#SPJ11
a company began constructing a new warehouse for its operations during the current year. in the year the company incurred interest of $10,000 on a working capital loan, and interest on a construction loan for the warehouse of $80,000. interest computed on the average accumulated expenditures for the warehouse construction was $50,000. what amount of interest should be expensed for the year?
The amount of interest that should be expensed for the year is the remaining interest on the construction loan, which is $80,000 minus $50,000, resulting in $30,000.
To determine the amount of interest that should be expensed for the year, we need to consider the specific types of loans and their purpose.
In this case, the company incurred interest on two different loans: a working capital loan and a construction loan for the warehouse. The interest on the working capital loan, which is $10,000, is related to financing the company's day-to-day operations and is typically considered a regular business expense. Therefore, the full amount of $10,000 should be expensed for the year.
Regarding the construction loan for the warehouse, the interest incurred is divided into two components: interest on the average accumulated expenditures and the total interest of $80,000. The interest on the average accumulated expenditures, which is $50,000, is directly associated with the construction process and should be capitalized as part of the cost of constructing the warehouse. It gets added to the cost of the warehouse and will be depreciated over its useful life.
Therefore, the amount of interest that should be expensed for the year is the remaining interest on the construction loan, which is $80,000 minus $50,000, resulting in $30,000. This amount represents the interest expense directly related to the financing of the warehouse construction during the current year and should be recognized as an expense on the company's income statement.
Learn more about capital here:
https://brainly.com/question/21416302
#SPJ11
ardmore industries is in the process of reviewing its inventory and production policies. the company often has an excess supply of some products and shortages of other products needed for planned production runs. what is the method that ardmore should use to establish its inventory policies regarding these products?
Ardmore Industries should use the method of demand forecasting and inventory management to establish its inventory policies for products with excess supply and shortages.
Demand forecasting involves analyzing historical data, market trends, and customer demand patterns to predict future demand for products.
accurately forecasting demand, Ardmore Industries can determine the optimal inventory levels for each product category.
To address products with excess supply, Ardmore Industries can adjust its production schedules, reduce order quantities, or implement promotions to stimulate demand. This helps prevent inventory buildup and reduces the risk of obsolescence or wastage.
For products with shortages, Ardmore Industries can implement inventory control measures such as safety stock , reorder point calculations, and supply chain optimization to ensure an adequate supply of materials for planned production runs. This helps avoid disruptions in production and maintain customer satisfaction.
By employing effective demand forecasting and inventory management techniques, Ardmore Industries can strike a balance between supply and demand, minimize inventory costs, improve operational efficiency, and enhance overall customer service.
Learn more about stock here:
https://brainly.com/question/31940696
#SPJ11
Given the following returns, what is the variance? Year 1 = 13%;
year 2 = 1%; year 3 = -26%; year 4 = -1%
Variance is a statistical measure that quantifies the dispersion or spread of a set of data points around their mean or average. The variance of the given returns is 1824.75%.
To calculate the variance, we need to follow a few steps. First, we find the average return by summing up all the individual returns and dividing it by the number of returns. In this case, the average return is -3.25% ((13% + 1% - 26% - 1%) / 4).
Next, we calculate the difference between each return and the average return. For each return, we square this difference to get the squared deviations.
Year 1: (13% - (-3.25%))^2 = 202.5625%
Year 2: (1% - (-3.25%))^2 = 20.0625%
Year 3: (-26% - (-3.25%))^2 = 501.5625%
Year 4: (-1% - (-3.25%))^2 = 4.5625%
Then, we find the sum of the squared deviations: 202.5625% + 20.0625% + 501.5625% + 4.5625% = 728.75%.
Finally, we divide the sum of squared deviations by the number of returns to obtain the variance: 728.75% / 4 = 182.1875%. Rounded to two decimal places, the variance is 1824.75%.
To know more about Variance, click here, https://brainly.com/question/14116780
#SPJ11
A firm in a purely competitive industry has a typical cost struc- ends up being the market price and if the normal tate of profit is ture. The normal rate of profit in the economy is 5 percent. This 10 percent, then what will each firm's accounting profit per unit. firm is earning $5.50 on every $50 invested by its founders. What be? L11.4 is its percentage rate of return? Is the firm earning an economic 3. There are 300 purely competitive farms in the local dairy marProfit? If so, how large? Will this industry see entry or exit? What ket. Of the 300 dairy farms. 298 have a cost structure that generwill be the rate of return carned by firms in this industry once ates profits of $24 for every $300 invested. What is their the industry reaches long-run equilibrium? LO11.2 percentage rate of return? The other two dairies have a cost 2. A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced What is their percentage rate of return? Assuming that the nor800 units per day, its total cost would be $300, and if it pro- mal rate of profit in the economy is 10 percent, will there be duced 500 units per day, its total cost would be $275. What are entry or exit? Will the change in the number of firms affect, th. the firm's A'TC per unit at these three levels of production? If 500 units per day, its total cost would be $275. What are that earn $22 for every $200 invested? if so, how? What wi every firm in this industry has the same cost structure, is the be the rate of return earned by most firms in the industry industry in long-run competitive equilibrium? From what you long-run equilibrium? If firms ean copy each other's technoloy industry in long-run competitive equilibrium? From what you what will be the rate of return eventually earned by know about these firms cost structures. what is the highest firms? LO11.4
The firm's percentage rate of return can be calculated by dividing the earnings ($5.50) by the investment ($50), which is 11%. Since the normal rate of profit is 5%, the firm is earning an economic profit of 6%.
For the 300 dairy farms in the local market, if 298 of them are generating profits of $24 for every $300 invested, their percentage rate of return can be calculated by dividing the earnings ($24) by the investment ($300), which is 8%.
For the remaining two dairies that earn $22 for every $200 invested, their percentage rate of return can be calculated by dividing the earnings ($22) by the investment ($200), which is 11%.
If every firm in the industry has the same cost structure, the industry will be in long-run competitive equilibrium. However, without information on the cost structures of all firms, it is not possible to determine the highest rate of return eventually earned by firms in the industry.
learn more about investment here
https://brainly.com/question/28936505
#SPJ11
One year ago you bought what at that time was a 2-year zero-coupon bond. When you bought the bond, the 1-year spot rate was 3.4% and the 2-year spot rate was 4.2%. Today, when the bond has 1 year remaining until maturity, you find that all spot rates of all maturities are 3.8%. What is your realized rate of return on the bond over the past year if you decide to sell the bond today? Round and enter your answer to the nearest 4 decimal places and enter in decimal form (note 12.345% should be entered as 0.1235).]
Therefore, the realized rate of return on the bond over the past year, if sold today, is 0.0465 or 4.65% (rounded to four decimal places).To calculate the realized rate of return on the bond, we need to compare the initial price of the bond with the current price.
Since the bond had a 2-year maturity when you purchased it 1 year ago, the price you paid would have been determined by the 2-year spot rate of 4.2%. Let's assume the face value of the bond is $100.
To find the initial price, we can use the formula for present value:
Initial Price = Face Value / (1 + Spot Rate) ^ Number of Years
So, the initial price of the bond would have been:
Initial Price = 100 / (1 + 0.042)^2 = 100 / 1.0884 = 91.95 (rounded to two decimal places)
Now, let's calculate the current price of the bond. Since the remaining maturity is 1 year and all spot rates are 3.8%, we can use the 1-year spot rate to discount the face value:
Current Price = Face Value / (1 + Spot Rate) ^ Number of Years
Current Price = 100 / (1 + 0.038)^1 = 100 / 1.038 = 96.27 (rounded to two decimal places)
The realized rate of return is then calculated by taking the ratio of the current price to the initial price, subtracting 1, and converting it to a decimal:
Realized Rate of Return = (Current Price / Initial Price) - 1 = (96.27 / 91.95) - 1 = 0.0465 (rounded to four decimal places).
To know more about price visit:
https://brainly.com/question/33097741
#SPJ11
The realized rate of return on the bond over the past year, we can use the concept of the yield to maturity (YTM). The YTM is the rate of return an investor will earn by holding the bond until maturity.
Given that the bond was initially purchased as a 2-year zero-coupon bond, its price one year ago would have been calculated using the 1-year spot rate of 3.4% and the 2-year spot rate of 4.2%.The price of the bond one year ago can be calculated as follows:
Price = Face Value / (1 + Spot Rate)^n
Where:Face Value is the value of the bond at maturity
Spot Rate is the spot rate corresponding to the respective yearn is the number of years remaining until maturity
Price = Face Value / (1 + 0.034)^1
Price = Face Value / (1.034)
Now, when you decide to sell the bond, all spot rates are at 3.8%. Therefore, the price of the bond today would be:
Price Today = Face Value / (1 + 0.038)^1
Price Today = Face Value / (1.038)
The realized rate of return on the bond over the past year can be calculated as the ratio of the selling price to the purchase price, minus 1:
Realized Rate of Return = (Price Today / Price) - 1
Realized Rate of Return = [(Face Value / (1.038)) / (Face Value / (1.034))] - 1
Realized Rate of Return = (1.034 / 1.038) - 1
Realized Rate of Return ≈ -0.003865 or -0.3865% (rounded to 4 decimal places)
Therefore, the realized rate of return on the bond over the past year, if you decide to sell it today, is approximately -0.3865%.
To know more about Yield To Maturity visit:
https://brainly.com/question/29481512
#SPJ11
The personnel manager of a firm with 200 employees wants to examine the health benefit
claims over the past year. The claims’ standard deviation is known to be $80. The manager
selects 40 employees and find that the average amount claimed during the year was $260.
Construct and interpret the 95% confidence interval for the population mean. Was it
necessary to make any assumptions about the shape of the population distribution? Explain.
The 95% confidence interval for the population mean health benefit claims is calculated to be $243.17 to $276.83. It was necessary to make assumptions about the shape of the population distribution, assuming it is approximately normally distributed, in order to construct the confidence interval.
To construct a confidence interval for the population mean, we can use the formula:
Confidence Interval = sample mean ± (critical value) * (standard deviation / √sample size)
In this case, the sample mean is $260, the standard deviation is $80, and the sample size is 40. The critical value for a 95% confidence level can be obtained from a standard normal distribution table or a statistical software, and it corresponds to a z-value of approximately 1.96.
Plugging in the values, we get:
Confidence Interval = $260 ± (1.96) * ($80 / √40) = $260 ± $24.83
This gives us a 95% confidence interval of $243.17 to $276.83 for the population mean health benefit claims.
It was necessary to assume that the population distribution of health benefit claims is approximately normally distributed. This assumption is required for the formula to be valid and for the confidence interval to have accurate coverage. If the population distribution deviates significantly from normality, the confidence interval may not provide reliable estimates.
However, with a sample size of 40 and the central limit theorem, the assumption of normality becomes more reasonable, as the sampling distribution of the mean tends to approach a normal distribution regardless of the shape of the population distribution.
Learn more about distribution here:
https://brainly.com/question/30467880
#SPJ11
