Contradiction

The reading and the lecture are both about ______. Whereas the author of the reading states that _______, the lecturer suggests that ________. The lecturer casts doubt on the main points made in the reading by providing two/three reasons.

First of all, according to the reading, _____________ .However, the lecturer disputes this point. He/She says that _________. Furthermore, he/she mentions that __________

Secondly, the reading states that _______. Nevertheless, the lecturer refutes this argument. He/She argues that __________. In addition, he/she points out ________.

Finally, the reading claims that _________. On the other hand, the lecturer believe that _____. He/She thinks that _______. Moreover, he/she feels that ________

In conclusion,... Continue reading "Contradiction Between Reading and Lecture on ________" »

Process vs. Job Order Costing

Hybrid Costing Systems

A costing system that combines features of both process and job order operations is called a hybrid costing system.

Process Costing

True or False: Process costing systems use separate Work in Process Inventory accounts for each process.

True

Materials Requisition

True or False: A materials requisition is a document that production managers use to request materials for production and shows the job number, the types of materials, and the quantities needed.

True

Calculating Predetermined Overhead Rate

The Work in Process Inventory account of a manufacturing company has a $4,809 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows a... Continue reading "Process vs. Job Order Costing: A Comprehensive Guide" »

Rob Greenfield: The Mountain-Cleaning Mountaineer

Why Does Rob Collect Rubbish?

1. Personal Benefits: Rob benefits from collecting rubbish in several ways. It's a healthy hobby that keeps him active and provides a sense of purpose. The act of cleaning up his environment brings him satisfaction.

2. Everest Expedition: Rob's dedication to cleaning up mountains garnered significant publicity, which ultimately enabled him to embark on an expedition to Mount Everest in 2006.

Fact or Fiction: Analyzing Rob's Actions

Let's examine some statements about Rob and determine their validity based on the provided text:

Statements and Justification:

1. Statement: Rob climbs mountains because it's challenging.
   Answer: False. The text states that Rob climbs mountains

Parameter vs. Statistic

Parameter: Population (μ, σ)

Statistic: Sample (x̄, s)

Rules of Probability

1. 0 ≤ P(x) ≤ 1
2. Σ P(x) = 1
3. P(not x) = 1 - P(x)

Central Limit Theorem

As n (sample size) gets bigger, the sample distance will become approximately normal (shape).

Law of Large Numbers

As n gets bigger, the sample mean (x̄) will get closer to the population mean (μ) (number).

68-95-99.7 Rule

• 68% of data will lie within 1 standard deviation of the mean (σ + μ)
• 95% of data will lie within 2 standard deviations of the mean (2σ + μ)
• 99.7% of data will lie within 3 standard deviations of the mean (3σ + μ)

Sampling Types

Simple Random Sampling (SRS): Normal, random picking.

Systematic Sampling: Every kth sample.

Stratified Sampling: Groups are put together... Continue reading "Statistical Concepts: Sampling and Probability" »

Adjusting Events

The following events require adjustments in financial statements:

• Settlement of a court case
• Asset impairments (asset not well accounted for)
• Determination of costs of assets purchased or sold before the reporting period
• Determination of profit or bonus payment
• Fraud or errors

Non-Adjusting Events

The following events do not require adjustments in financial statements:

• Major business combinations or disposal of a subsidiary (sell of a subsidiary)
• Plan to discontinue operations
• Purchases of assets or expropriation by government
• Destruction of a plant (by a fire, earthquake…)
• Restructuring
• Ordinary shares transactions
• Changes in asset prices or foreign exchange rates after reporting period
• Changes in tax rates or tax law
• New commitments or

5 Meanings of Fractions

Part-Whole

It goes well beyond shading a region. The circle model is particularly effective in illustrating the part-whole relationship. Focus: How many parts.

Measurement

It involves identifying a length and then using that length as a measurement piece to determine the length of an object. Focus: How much rather than how many parts.

Division

This is often not connected to fractions, which is unfortunate. Consider the idea of sharing $10 with 4 people; each person will receive 1/4 of the money or $2.50.

Operator

Fractions can be used to indicate an operation, as in 4/5 of 20 squares. This situation indicates a fraction of a whole number, and students might be able to use mental math to solve it. Knowing how to represent fractions... Continue reading "Understanding Fractions: Meanings, Models, and Applications" »

1. The t-test is never valid if the sample size is small, say less than 30. (TRUE OR FALSE)

It can be valid if the sample is approximately normal.

2. The results of an observational study indicate that people who use vitamin supplements get fewer colds than people who don't. However, we can't conclude that vitamin supplements prevent colds because this type of study does not allow us to infer causation. (TRUE OR FALSE)

Only experimental designs can infer causation because it allows us to create treatment groups that are very similar.

3. A survey was administered to a random sample of college students. Both males and females were surveyed, and one question asked was "How much are you willing to spend on a stereo system (in dollars)?" An analysis

Polygon Interior Angles Theorem

The sum of the measures of interior angles of an n-gon is (n-2)x180

Interior angles of a quadrilateral:

The sum of the measures of the interior angles of a quadrilateral is 360^o

Polygon Exterior Angles Theorem

The sum of the measures of the exterior angles of a convex polygon, one angle at each vertex, is 360.

Angles have to measure up to 360. 360/n (n=#of sides)

Theorems

If a quadrilateral is a parallelogram, then its opposite sides are congruent

If a quadrilateral is a parallelogram, then its opposite angles are congruent

If a quadrilateral is a parallelogram, then its consecutive angles are supplementary

If a quadrilateral is a parallelogram, then its diagonal bisects each other

If both pairs of opposite sides of a quadrilateral

Fm of citizens- 18,20,21. 1. Is an individual a citizen? 20. One doesn’t have to be economically active to rely on citizen rights, gained when born in the EU. 2. Measures to breach 21,18,20? Is there a right to reside restricted- 21, right of residence but can be limited by having sufficient resources. Right to not be discriminated on grounds of nationality- 18, once people have a residence permit, if not economically active can rely on 18 for social assistance. For students, request loans. MS- can request societal integration but do not require settled status, can find by demonstrating a period of time a student has been in the country. Broad breach- 20. 3. Does measures breach citizen rights on social advantage on 24.1 crd? a. Equal treatment... Continue reading "EU Citizenship Rights and Protections for Workers and Job Seekers" »

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Cost Tool Information

The Cost Tool provides the following information:

• Manufacturer
• Overall Cost (Total)
• Profit Percentage
• Overall Weight
• SKU Number
• Shipping Location (Town and State)

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