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2 years ago

Consider the following situations for Shocker:

Business

1 answer:

Delicious77 [7]2 years ago

5 0

Answer:

Cash $4,500 (debit)

Deferred Revenue $4,500 (credit)

Prepaid Advertising $2,700 (debit)

Cash $2,700 (credit)

Salaries Expense $8,000 (debit)

Salaries Accrued $8,000 (credit)

Cash $70,000 (debit)

Note Payable $70,000 (credit)

Interest Expense $2,100 (debit)

Note Payable $2,100 (credit)

Explanation:

Recognize Cash and Deferred Revenue

Recognize Asset - Prepaid Advertising and De-recognize Cash

Recognize Salaries Expense and Recognize Salaries Accrued Liability

Recognize Cash Asset and Recognize Liability - Note Payable

Recognize Interest income accrued on the Note Payable during September to December.

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A major U.S. automaker has determined that the city mileage for one of its new SUV models is normally distributed with a mean eq

g100num [7]

Answer:

city mileage standard deviation for this SUV model is 2.34 mpg

Explanation:

given data

mean = 15.2 mpg

company indicated SUV more than 17 mpg = 22 %

to find out

city mileage standard deviation

solution

we know here that

P(Z > 0.77) is = 0.22

so here z is

z = 0.77

and

we use here z-score formula that is

mean x = z × $\sigma$ + $\mu$ ................1

$\sigma$ = ( x - $\mu$ ) ÷ z ................2

put here value and we get

$\sigma$ = $\frac{17-15.2}{0.77}$

$\sigma$ = 2.34

so city mileage standard deviation for this SUV model is 2.34 mpg

3 0

2 years ago

When the Shaffers had a monthly income of $4,000, they usually ate out 8 times a month. Now that the couple makes $4,500 a month

choli [55]

Explanation:

Income Elasticity of Demand(IED)= Percentage change in quantity demanded/ Percentage change in income

-Percentage change in Q:

%Change in quantity demanded= (q2-q1/q1) = (10-8)/8= 0.25

-Percentage change in Income:

%Change in income= (i2-i1/i1) = (4,500-4,000)/4,000= 0.125

IED= 0.25/0.125= 2

This indicates that the Shaffers are very sensitive to changes in income when it comes to eating out. Which means that changes in income will change significantly the number of times they eat out.

2. Restaurant meals are normal goods, in this case, because when income rises, they ate more in restaurants, then the units consumed for this good increase too.

5 0

2 years ago

Read 2 more answers

Sanborn company rents space to a tenant for $3,100 per month. the tenant currently owes rent for november and december. the tena

bixtya [17]

<u>Adjusting entry for Rent Receivable:</u>

It is given that Sanborn Company rents space to a tenant for $3,100 per month. The tenant currently owes rent for November and December, it means the Rent Receivable as on Dec. 31 is (3100*2) = $6,200

So the adjusting entry as on Dec. 31 shall be as follows:

Rent Receivable Debit $6,200

Rent Revenue Credit $6,200

(Being adjustment made for rent receivable)

8 0

2 years ago

Bob owns a warehouse that is used in business while rebecca owns land. bob exchanges the warehouse for the land, which will be

strojnjashka [21]

<span>A. Compute Bob's realized gain (loss) on the exchange. $320,000 + $40,000 + $80,000 = $440,000 - that is selling price $440,000 - $240,000(basis) = $200,000 - that is realized gain B. Compute Bob's taxable recognized gain. $200,000 / $440,000 = 45.45% ($40,000 + $80,000) * 45.45% = $54,544 C. Compute Bob's basis in the land. $(440,000-120,000) / $440,000 = 72.72% $240,000 * 72.72% = $174.545</span>

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2 years ago

When Nina tells her manager that she doesn't feel she needs to attend various training sessions at company expense or utilize su

Virty [35]

Answer:

The right answer is, False.

Explanation:

Nowadays companies seek to improve the attitudes, knowledge and skills of their employees, through training activities so that everyone works synergistically in achieving the objectives of organizations.

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2 years ago