For Each of the Following Transactions,determine Whether There Is an Increase,decrease,or

question 198

Essay

For each of the following transactions,determine whether there is an increase,decrease,or no change in net income.
a.Purchased inventory for $8,700.
b.Earned $15,000 in sales for the month.
c.The cost of inventory sold was $6,000.
d.Dividends paid to shareholders were $1,000.
e.Paid employees $1,300.

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Definitions:

Standard Deviation

An indicator of the spread or distribution of a data set, revealing how much the values deviate from the average.

Lead Time

The time taken from initiating a process until its completion, often used in the context of the time between ordering a product and its delivery.

Fill Rate

A metric that measures the percentage of customer or sales orders that are fulfilled from stock available, indicating the ability to meet demand.

Standard Deviation

An indicator of the extent of variability or spread within a dataset, showing how significantly the values deviate from the average.