To access need-based federal aid, including federal loans you will need to submit _____.

Answers

Answer 1

Answer:

You must submit the Free Application for Federal Student Aid, also known as the FAFSA.

Explanation:


Related Questions

The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.
Debit Credit
Prepaid Insurance $ 3,600
Supplies 2,800
Equipment 25,000
Accumulated Depreciation—Equipment $ 8,400
Notes Payable 20,000
Unearned Rent Revenue 9,300
Rent Revenue 60,000
Interest Expense –0–
Salaries and Wages Expense 14,000
An analysis of the accounts shows the following.
1. The equipment depreciates $250 per month.
2. One-third of the unearned rent was recognized as revenue during the Quarter.
3. Interest of $500 is accrued on the notes payable.
4. Supplies on hand total $850.
5. Insurance expires at the rate of $300 per month.
Instructions
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense.

Answers

The adjusting entries at March 31, assuming that adjusting entries are made quarter is: Debit Depreciation expense $750; Credit Accumulated depreciation - Equipment  $750.

Journal entry

March 31

Debit Depreciation expense $750

Credit Accumulated depreciation - Equipment  $750

( $250 × 3 months)

(To record quarterly depreciation on equipment)

March 31

Debit Unearned rent revenue account $3,100

Credit Rent Revenue Account  $3,100

( 1/3 × $9,300)

(To record  rent revenue earned)

March 31

Debit Interest expense Account $500

Credit  Interest payable account  $500

(To record accrued interest expenses)

March 31

Debit Supplies expense account $1,950

Credit  Supplies account  $1,950

($2800 - $850)

(To record  supplies consumed)

March 31

Debit Insurance expense account $900

Credit Prepaid insurance account  $900

( $300 × 3 months)

(To record expired insurance for the quarter)

The entry to record the transaction is to debit Depreciation expense for the amount of $750, credit  accumulated depreciation - Equipment  of the amount of $750.

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most companies expect to collect the full balance of all of their accounts receivable. this statement is

Answers

The majority of businesses anticipate collecting the whole balance of their accounts receivable. This assertion is false.

Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered businesses or consumed but have not yet been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.

The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a businesses type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.

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which of the following is included in an individual taxpayers federal gross income?

A. certain income from discharge of indebtedness

B. disaster relief payments

C. a federal income tax refund

D. interest on state and local municipal bonds​

Answers

Answer:
C. A federal income tax refund.

Select the correct location on the graph.

Indicate the point where a monopoly will set its price.

Answers

Got it right on Edmentum! Hope it helps.

The point where a monopoly will set its price is indicated in the attached image.

What is a monopoly?

A corporation has a monopoly when it is the sole manufacturer of a given industry's product with no real competition.  A monopoly has complete market power and is able to establish prices above the marginal cost of the company.

The increase in total cost necessary to create an additional unit of the product is known as the marginal cost; the company can achieve positive economic gain by manufacturing more of the commodity and selling it for less.

Since it can satisfy everyone's needs, a producer in a natural monopoly holds influence over the market. When a producer has a government monopoly, commercial production is prohibited and the producer has complete control over the market.

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what is the diference between gdp and gnp

Answers

Answer:

GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.

Explanation:

Answer:

GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.

Explanation:

Hope it helps

there are other things more valuable in an organization besides the people who work there.

Answers

Equipment, facilities, and tools are all examples of capital, in addition to  valuable human capital. Capital serves as a catalyst to boost organization productivity. A person's knowledge and talents are combined to form human capital, which a business can use to further its objectives.

Employees are an organization's most important asset because of this. Their skills, expertise, and experience are irreplaceable. Therefore, moving forward, firms must emphasise and value the contribution that each individual makes in order to advance. The most valuable asset for valuable business is its people. Any organization's success is primarily due to its workforce. They develop a product from conception to completion and advertise it.

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Where is the Edit Links dialog box located?

Answers

Edit Link options. When you open the Edit Links dialog (Data > Queries & Connections > Edit Links), you're presented with several options for dealing with existing links. You can select individual workbooks with Ctrl+click, or all of them with Ctrl+A. This will update all selected workbooks.

Answer:data tab, connections group

Explanation:

just did

the intentional efforts of a company to design, manage, and evolve its channel strategy in light of changes that arise in the competitive and customer environments is referred to as:

Answers

The intentional efforts of a company to design, manage, and evolve its channel strategy in light of changes that arise in the competitive and customer environments is referred to as channel stewardship.

What is channel stewardship?

Stewardship can be described as the careful construction  as well as the management of channel relationships  whereby they were being given the adequately rewarded.

It should be noted that i this process even though the valuable members are  are been treated very well and given the needed encouragement so that they deliver more in the future time, the less valuable members at the same time are been weeded out.

In conclusion, this method is been used by the firms in the industry so that they can use the channel strategy in attending to the  competitive and customer environments so that the goal as ell as the objectives of the organization can be gotten as well as well as making the neccesay improvement.

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Once a corrective action plan begins addressing or fraud waste
True or false

Answers

Once a corrective action plan begins addressing or fraud waste. This statement was the false. Thus, option (b) is correct.

What is waste?

The term waste are the non-used items. The waste items are the decomposed and the recycled. The waste material are to be the uses as well as the non-used.

The corrective action plans are not to describe the fraud or the waste. They are the ongoing of the employee's activity to the measure. The given the statement are the false.

Therefore, option (b) is correct.

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You realize you forgot to pay yourself for work done in February. You create an account called
"Accrued Expenses" (Account #221) and record the $300 due you for your accounting work
You use Feb23.2 as the entry number

Answers

Based on the fact that you created an account called accrued expenses and need to record the $300 you are due for your accounting work, the journal entry would be:

Date                  Account Title                                 Debit             Credit

Feb 23             Accrued expenses                         $300

                        Accounts Payable                                                $300

How to record accrued expenses?

Accrued expenses are expenses which means that they will be recorded like expenses are. When expenses increase, they are debited to the expenses account which in this case is the Accrued expenses account. The amount of $300 is therefore debited to the Accrued expenses account.

Accrued expenses mean that a business has not paid for certain expenses and so owe them. They will therefore be credited to the accounts payable account as was done above.

Rest of the question is:

You use Feb23.2 as the entry number to make the relevant journal entry.

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at which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate? how do you know?

Answers

The total utility is increasing at a decreasing rate.

As we consume more and more of the same good , utility from that good goes on decreasing. This phenomena shows us that total utility will increase but at a decreasing rate. Total utility is the total amount of satisfaction or fulfillment a consumer experiences as a result of using a particular good or service. Marginal utility, or the satisfaction a consumer has from consuming one more unit of an item or service, is sometimes contrasted with total utility. The law of diminishing marginal utility states that overall utility increases at a decreasing rate as marginal utility declines. The slope of the total utility curve is determined by marginal utility, which is the rate of change in total utility.

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Define culture.How does cultue variations affect work behaviour and job performance provide examples to show why a knowledge of such difference is imporatnat to managers

Answers

Culture is the amalgam of ideas, beliefs, behaviours, values, rituals, art forms, cuisine and living style of a community or group of people.

Cultural variations create distinctions between the employees and act as the single most important determinant of work behaviour and job performance. They help in determining the work ethics, the cohesiveness of teams and the individual performance of each employee. Cultural variations also play a role in enhancing inclusivity in the workplace and overall job performance.

Cultural variations are of immense importance to managers as they not only help in increasing active participation and collaboration between all employees but also provide an insight into the strengths and weaknesses of each employee. Let us take an example, suppose Michael and Meena belong to USA and India respectively. Both Michael and Meena might be efficient in their ways but to make the best of both worlds, the manager must be aware of the cultural variations to ensure that they work cohesively in a team.

The commercial aspects of culture though of immense significance, are often ignored and sidelined.

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a bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. what is its yield to maturity (ytm)? round your answer to two decimal places

Answers

If a bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. its yield to maturity (ytm) is 8.25%.

How to determine the yield to maturity?

Given data :

Par = $1,000

N = 12

PMT = $1,000 x 8% = $80

Price = $980

Using  this formula to determine or find the yield to maturity ( YTM)

YTM = PMT + (Par - Price )/ N ÷ (Par -Price )/ 2

Let plug in the formula

YTM = 80 + ( 1,000 - 980 )/ 12 ÷ ( 1,000 + 980) /2

YTM = 80 +  ( 20 / 12 ) ÷ 1980 /2

YTM = 80 + 1.6666666667 ÷ 990

YTM = 81.6666666667 ÷ 990

YTM = 0.08249 ×100

YTNM = 8.25 (Approximately)

Therefore the 8.25% is the yield to maturity .

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5. Due to a recession, expected inflation this year is 3%, and 3.25% in year 2. However, the inflation rate in year 3 and thereafter is expected to be constant. Assume the expectations theory holds and the real risk-free rate is 2.5%. If the yield on 4-year T-bond equals 1-year bond plus 2%, what is the inflation rate after year 2?

Answers

Based on the expected inflation, and the expectation theory as well as the real risk-free rate, the inflation rate after year 2 is 6.88%.

How to find the inflation rate?

To find the inflation rate, first find the yields on Treasury bonds for a year and four years.

One year Treasury bond yield:

= Real Risk-free Rate + Inflation Premium on 1-year Treasury Bond

= 2.5% + 3%

= 5.50%

Four year Treasury bond yield has been given by the question to be 2%.

We can therefore use the Four year Treasury bond yield to find the inflation premium in the fourth year:

= One year Treasury bond yield - Real Risk-free Rate + Four year Treasury bond yield

= 5.5% + 2% - 2.5%

= 5.0%

Now that you have the inflation premium, the inflation for after year 2 is:

5 % = (3% + 3.25% + 2 x Inflation after year 2] / 4

= 6.88%

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Explain why it is important to understand a business’ vision, mission, values and objectives when developing a business plan. Give an example to illustrate your answer.

Answers

These crucial components will enable you to effectively communicate the character and values objectives of your company to potential partners, financiers, and business. Throughout the existence of your organization, these claims typically remain constant.

They can assist you make decisions and mould your company as it expands. The strategic plan of a company is built on the mission, vision, and values declarations. They communicate the organization's goals, strategy, and core business. Mission and vision statements perform three vital roles: they guide the development of strategies, communicate the organization's purpose to stakeholders,  and help create quantifiable goals and objectives that can be used to assess the strategy's effectiveness.

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the three uses of marketing research are (1) identifying market opportunities and problems, (2) generating, refining, and evaluating potential market actions, and (3) monitoring stock market performance. true false

Answers

The three uses of marketing research are (1) identifying market opportunities and problems, (2) generating, refining, and evaluating potential market actions, and (3) monitoring stock market performance : True.

Give a brief account on marketing research.

Marketing research is the methodical gathering, logging, and analysis of qualitative and quantitative data about issues pertaining to the marketing of goods and services. The goal of marketing research (MR) is to give management information about the market that is current, pertinent, accurate, dependable, and legitimate. Marketing research must give reliable information due to the competitive nature of the industry and the rising costs associated with bad decisions. Sound judgment, intuition, or even pure feeling, are not the foundations of good decisions.

This entails defining the data needed to address these concerns, devising the information collection strategy, and overseeing and putting the data collection process into practice. These outcomes and conclusions, together with their ramifications, are communicated to those with the authority to take action on them after data analysis.

A series of commercial tasks, including market research, marketing research, and marketing, are occasionally conducted unofficially.

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Knowledge Check 01
Intercontinental, Incorporated, uses a perpetual inventory system, Consider the following information about its inventory; August 1,
rchased 10 units for $910 or $91 per unit; August 3, purchased 15 units for $1,590 or $106 per unit; August 14, sold 20 units; August
17, purchased 20 units for $2,300 or $115 per unit; August 28, purchased 10 units for $1,190 or $119 per unit; August 30, sold 23 units.
Using FIFO, the cost of goods sold for the sale of 23 units on August 30 is
and the inventory balance at August 30 is

Answers

The cost of good sold is $2,255

The ending inventory is $1,765

What is the cost of goods sold and ending inventory?

FIFO is an inventory system in which the first inventory that is purchased is the first that is assumed to be sold. Ending inventory is made up of goods that are purchased last.

The 23 units sold on August 30 would be taken from the inventory purchased on August 3 and 17. This is because the goods sold on August 14 would be taken from the inventory purchased on August 1 and 3.

Cost of good sold = (5 x $106) +  (15 x $115)

$530 + $1,725 = $2,255

Ending inventory = (5 x $115) + $1190 = $1,765

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A United Nations report shows the mean family income for Mexican migrants to the United States is $27,300 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 20 Mexican family units reveals a mean to be $28,500 with a sample standard deviation of $9,651. Does this information disagree with the United Nations report? Apply the 0.01 significance level.

a. State the null hypothesis and the alternate hypothesis.



b. State the decision rule for 0.01 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)



c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)



d. Does this information disagree with the United Nations report?

Answers

A United Nations report shows the mean family income for Mexican migrants to the United States is $27,300 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 20 Mexican family units reveals a mean to be $28,500 with a sample standard deviation of $9,651.

stated mean is 27,300 per year.

sample of 20 family units reveals a mean of 28,500 with a sample standard deviation of 9,651.

sample standard error = standard deviation of sample divided by square root of sample size.

sample standard error = 9,651 / sqrt(20) = 2158.029205.

since standard deviation is from sample rather than from population, use t-score rather than z-score.

degrees of freedom is equal to sample size minus 1 = 20 - 1 = 19.

t-score = (sample mean minus assumed population mean) / standard error.

t-score = (28,500 - 27,300) / 2158.029205 = .5560629102

alpha for .01 significance level for two sided distribution is the same as .005 significance level for one sided distribution.

if using t-score tables, you would look for critical t-score of .01 for two sided distribution or critical t-score of .005 for one sided distribution.

either one is for 19 degrees of freedom.

using the ti-84 plus scientific calculator, i looked for critical t-score of.005, since the calculator assumed one sided distribution table.

critical t-score is between -2.86 and 2.86 according to TI-84 Plus.

critical t-score table confirms this value is true at .01 alpha for two tailed distribution and at .005 alpha for 1 tailed distribution.

i'm reasonably certain this is accurate.

since the t-score is .5560629102, it is well within the confidence interval limits.

you would therefore reject the alternate hypothesis becauwse the results of the tewt are not significant.

they are significant if outside the limits and not significant if inside the limits.

your alternate hypothesis is that the scores are not equal to the assumed mean.

your null hypothesis is that they are equal to the assumed mean.

since the t-score is well within the confidence limits, this mean that the sample mean is most likely different from the assumed population mean due to random variation in sample means of size 20.

in order for you to reject the null hypothesis, the t-score would have had to be either less than -2.86 or greater than 2.86.

then you could have considered that the sample means difference from the assumed population mean would not have been likely to chance variations at the .01 significance level.

you can assume that the data does not contradict the report.

that means you aqcept H0.

The estimated economic loss of all motor vehicle crashes in 2012 was $26,000.
a. true
b. false

Answers

The estimated economic loss of all motor vehicle crashes in 2012 was $26,000 is false.

Pure economic loss refers to financial damage and loss that is not the result of physical harm to a person or property. It occurs when the defendant's negligent behavior directly causes economic injury to the plaintiff's person or property.

Consequence loss: This is also known as "secondary loss," and it happens when a person suffers injury as a result of the defendant's actions. It covers the loss of goodwill, reputational harm to a company, and any loss caused by a faulty product. Negligent behavior by a defendant can be proven only when the defendant owes the plaintiff a duty of care, which is an issue for the court to decide based on the facts of the case.

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the estimated economic loss of all motor vehicle crashes in 2012 was $26,000 is a  False statement

In the approximate 5,615,000 motor vehicle traffic crashes that the police reported in 2012, 33,561 people died, 2,362,000 people were hurt, and 3,950,000 crashes only caused property damage. In 2012, one person died in a motor accident every 16 minutes, or 92 people per day on average. Thankfully, significant progress has been made in lowering the amount of fatalities and injuries on the roads in our country Any financial loss that a person, company, or other entity endures is considered an economic loss. Personal injury is not included in economic loss because it is governed by tort law. Economic loss refers to the loss of money or loss of transport like motor vehicle, car etc. either directly or indirectly. total economic impact, which includes both direct and indirect economic losses. The monetary worth of the complete or partial destruction of tangible assets already present in the impacted area is known as direct economic loss.

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Jones Corporation reported current assets of $189,000 and current liabilities of $134,000 on its most recent balance sheet. The current assets consisted of $62,800 Cash; $44,200 Accounts Receivable; and $82,000 of Inventory. The acid-test (quick) ratio is:

Multiple Choice

1.4 : 1.


0.80 : 1.


0.57 : 1.


1 : 1.


0.61 : 1.

Answers

The acid-test ratio of Jones Corporation is 0.80 : 1.

What is the acid-test ratio?

Acid test ratio also known as the quick ratio is used to measure the ability of short term assets to meet the current liabilities of a firm. The acid test ratio is an example of a liquidity ratio. Liquidity ratio measures the ability of a company to meet its short term liquidity

Acid test ratio = (current asset - inventory) / current liabilities

Acid test ratio = ($189,000 - $82,000) / $134,000

Acid test ratio = $107,000 / $134,000

Acid test ratio = 0.80

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abc corporation uses an activity-based costing system with three activity cost pools. the company has provided the following data concerning its costs and its activity-based costing system: costs: wages and salaries $ 320,000 depreciation 160,000 utilities 240,000 total $ 720,000 distribution of resource consumption: activity cost pools assembly setting up other total wages and salaries 50% 40% 10% 100% depreciation 10% 55% 35% 100% utilities 15% 50% 35% 100% how much cost, in total, would be allocated in the first-stage allocation to the assembly activity cost pool? group of answer choices $212,000 $176,000 $196,000 $160,000

Answers

The first-stage allocation to the assembly activity cost pool$336,000.

How to calculate?

estimating the first-stage allocation of costs to the Setting Up activity cost pool

Adding an amount

salaries and wages $128,000 [$320,000*40%]

Depreciation $88,000 (or $160,000 multiplied by 55%)

Services related to utilities $120,000 [$240,000*50%

Total $336,000

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Choose the response that correctly completes the following sentence describing the tax treatment and reporting requirements for municipal bond interest

Interest income from this type of investment is:

A. federally taxable and must be reported on form 1040

B. nontaxable and does not have to be reported

C. not federally taxable but must be reported on form 1040

D. not federally taxable and only reportable on form 1040 when the amount received exceeds $1,500​

Answers

Interest income from this type of investment is: Option C. not federally taxable but must be reported on form 1040.

What is municipal bond interest?

These can be viewed as loans that investors give to local governments and are used to pay for infrastructure projects like parks, libraries, bridges, and highways. Municipal bonds are an appealing investment choice for people in high tax brackets because interest on them is frequently tax free.

Municipal bonds are financial securities that are issued by local or state governments to raise money for certain public projects or to simply fund continuing operations. In exchange for making a financial debt to that government, the investor will receive interest payments until the bond matures.

Therefore, Municipal bonds provide stability for your capital with low default rates, even though they may have lower interest rates than riskier investments like corporate bonds or stocks.

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what must a global marketer consider when developing a global advertising plan that addresses potentially competitive business objectives?

Answers

It's not simple to market internationally. Before entering the international market, it must research, develop, and produce various products. It must decide which marketing tactics to employ first.

Before anything else, a company or organization should consider its general and marketing goals and objectives. Without a marketing plan, a company lacks focus and will find it difficult to achieve its aims. A global marketing strategy (GMS), which aims to coordinate a company's marketing operations throughout these markets, includes many world geographical areas. GMS helps in the marketing of each and every company by providing them with assistance.

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on october 25, yacht doc received $200,000 for a yacht valued at $180,000 and a 4-month service contract. during november, the yacht was delivered and 1 month of the service contract was performed. the remaining services are to be performed evenly over the next 3 months. what is the entry yacht doc should record on october 25? multiple choice question. debit cash; credit revenue debit deferred revenue; credit revenue debit deferred revenue; credit cash debit cash; credit deferred revenue

Answers

The appropriate choice is option (d). On October 25, Yacht Doc needs to record a credit of $200,000 to Unearned revenue and a debit of $200,000 to Cash.

What does unearned income mean?

The term "unearned income," also referred to as deferred revenue is used to describe advance payments a business receives for goods or services that will be produced or provided in the future. As a liability for deferred revenue on its balance sheet, the company that receives the prepayment reports the sum.

A company's receipts for items and services it hasn't yet sold or provided are included in this account.

Yacht Doc received payment even though they had not yet delivered the yacht or rendered any services. Since this is a liability account, it will be credited to the unearned revenue account.

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What doesn't a will list or designate?
A.the executor
B. End of life wishes
C. Assets and property
D. Beneficiaries

Answers

Answer:

Executor

Explanation:

The executor is not part and parcel of the executed plans

what type of contract allows the offeree a fixed amount of time to consider an offer without the offeror being able to revoke the contract during that fixed period of time?

Answers

Defined Terms - A contract proposal must be sufficiently clear. To put it another way, the conditions of the offer must be sufficiently detailed for the offeree to comprehend and accept it. (Also see: Sum Certain.) The offeree must be aware that she is the one who will receive the offer and has the option to accept it.

Is it necessary for an offer to be firm?According to contract law, the conditions of the offer must be specific and plain so that a reasonable person may understand what his or her responsibilities under the agreement would be. A valid offer generally remains in effect until it is withdrawn by the person offering it.The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer, In some states, a legitimate alternative can satisfy the requirements of consideration.Offers, Both Express and Implied : An offer is considered to be express when it is made by the offeror in writing. A verbal or written express offer can be sent. An implicit offer is one that can be inferred from the facts of the case or the actions of the parties.

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A recent national survey found that high school students watched an average (mean) of 7.7 movies per month with a population standard deviation of 0.9. The distribution of number of movies watched per month follows the normal distribution. A random sample of 46 college students revealed that the mean number of movies watched last month was 7.0. At the 0.05 significance level, can we conclude that college students watch fewer movies a month than high school students?

a. State the null hypothesis and the alternate hypothesis.

multiple choice 1
H0: μ ≥ 7.7; H1: μ < 7.7
H0: μ = 7.7; H1: μ ≠ 7.7
H0: μ > 7.7; H1: μ = 7.7
H0: μ ≤ 7.7; H1: μ > 7.7


b. State the decision rule.

multiple choice 2
Reject H1 if z < –1.645
Reject H0 if z > –1.645
Reject H1 if z > –1.645
Reject H0 if z < –1.645


c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)



d. What is your decision regarding H0?

multiple choice 3
Reject H0
Do not reject H0


e. What is the p-value? (Round your answer to 4 decimal places.)

Answers

a. The null hypothesis and the alternate hypothesis is H0: μ ≥ 7.7; H1: μ < 7.7

b. The decision rule is Reject H0 if z < –1.645

c. the test statistic is  -5.2751

d. we would have to reject the null hypothesis

e. p value is 0.0001

What is a hypothesis?

This is the term that is used to refer to the proposed explanation that is made as a way to carry out an explanation that a phenomenon occurred in research.

The hypothesis can be likened to be a wise guess. In this question, the hypothesis that is made is that H0: μ ≥ 7.7; H1: μ < 7.7

How to solve for the test statistic

7 - 7. 7 / 0.9 / √46

= -0.7 / 0.1327

= -5.2751

d. The decision would be to reject H0

e. The p value = 0.00001

Given that the p value is less than the significance level at 0.05, we have to reject the null hypothesis.

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Suppose that, over time, the price of a good increases while the quantity of the good exchanged on markets also
increases. A possible explanation is that, over time:
A the supply curve shifts inwards.
B the demand curve shifts outwards.
the supply curve shifts outwards
(D) the demand curve shifts inwards.

Answers

The most plausible explanation is that there has been an increase in demand if a good's price rises while the amount of the good traded on markets rises.

What will occur if the cost of a good rises?

Demand for an alternative to a thing will increase as the price of the good rises and reduce as the price of the good decreases.

If all other parameters remain unchanged, demand will increase, leading to an increase in supply and an increase in the equilibrium price. A decrease in supply and the equilibrium price will follow a decrease in demand.

As income rises, demand for a poor product will decrease. When one product's price reduces and the need for another product declines, the two products are referred to as replacements, yearning for a complementary good; these two goods are said to be complementary.

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This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization

Answers

This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization:

Maslow's hierarchy of needs is a motivational theory.

Refer to the above diagram of the market for corn. If the price in this market is $2 per bushel, then there will be? (The graph and answer choices are in the picture below)

Answers

If the price in this market is $2 per bushel, then there will be a shortage of about 8,000.

What is a shortage?

A shortage occurs when the price of a good is below the equilibrium price. This would result in the quantity demanded of the good to be in excess of the quantity supplied.

Equilibrium is the point on a graph where the quantity demanded is equal to the quantity supplied. $2 is below the equilibrium price of $3, thus, there would be a shortage.

Shortage = quantity demanded - quantity supplied.

$12,000 - $4,000 = $8,000

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