Answer:
Richard should have use <u>b</u><u>r</u><u>e</u><u>v</u><u>i</u><u>t</u><u>y</u> and <u>p</u><u>e</u><u>r</u><u>c</u><u>i</u><u>s</u><u>i</u><u>o</u><u>n</u><u> </u>in his ad to make it better.
Explanation:
Brevity is similar to shortness and percision is the most suitable answer because fluidity means changable and the comparability mean it can be similar and comparable
Answer:
Double-declining balance method
Explanation:
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 4
= 20%
Now the rate is double So, 40%
In year 1, the original cost is $15,000, so the depreciation is $6,000 after applying the 50% depreciation rate
And, in year 2, the depreciation is ($15,000 - $6,000) × 40% = $3,600
And, in year 3, the depreciation is ($15,000 - $6,000 - $3,600) × 40% = $2,160
Answer:
0.0923 or 9.23%
Explanation:
We have to use the Poisson distribution:
P(x) = (0.2 x e⁻¹) / [(0.2 x e⁻¹)+ (0.8 x e⁻⁰°¹)]
- e = 2.71828 (given)
- lambda = λ = 0.1
0.073578 / (0.073578 + 0.72387) = 0.073578 / 0.79744 = 0.092267 or 9.23%
The Poisson distribution is used to calculate the probability of occurrence of independent and random variables.
Answer:
Journal entry recorded by Harrington for this allowance:
Revenue $ 450 (debit)
Account Receivable / Cash $450 (credit)
Explanation:
Recording the Sale
When customer purchased bench from Harrington Stores for $1,250 the journal entry is shown as:
Account Receivable/Cash $1250(debit)
Revenue $ 1250 (credit)
This Journal recognises an Income - Revenue and an Asset - Account Receivable when to depict the flow of economic benefits into the entity
Cost of Sale $450 (debit)
Inventory $450(debit)
The above journal records the cost of sale and de-recognises the assets of inventory Bench after the sale is made.
Recording the Allowance
When the allowance is granted economic benefits are flowing out of the entity as a result of <em>decrease</em> in Assets of Cash or Assets of Account Receivable.
We also <em>derecognise </em>the revenue attached to the allowance
Revenue $ 450 (debit)
Account Receivable/Cash $450 (credit)