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2 years ago

The problem with relying on a point estimate of a population parameter is that:

1 answer:

6 0

<span>The point estimate is typically not correct for the entire population, is typically not very accurate when looking at larger sample sizes, and is also unable, when used by itself, to show how far the estimate is from the population parameter. A single value is not usually a good way to describe an entire population, without some sort of alpha to show a confidence interval.</span>

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You purchased 100 shares of MegaCorp for $17 per share four months ago. The brokerage fee was 4% of the total dollar amount of t

Ronch [10]

Answer:

$136.64

Explanation:

Purchase price:

100shares*$17price per share

=$1,700

$1,700*.04 brokerage commission

=$68brokerage commission price

Hence:

Total cost to purchase the stock = 1700 + 68 = $1,768

Sale proceeds:

100shares*$23.50 price per share

=$2,350

$2,350*.04brokerage commission

=$94brokerage commission price

Hence:

Total proceeds from sale = 2350 – 94

= $2,256

Capital gain tax computation:

Total proceeds from sale $2,256

Less purchase price $1,768

Taxable capital gain $488

Taxable capital gain $488*.28marginal tax rate

=$136.64 capital gain tax owed

Therefore the capital gain tax owed will be $136.64

8 0

2 years ago

DAC Company pays its employees every Friday. On January 2, 20--, the Company paid $6,000 for the 5 days beginning the previous M

PSYCHO15rus [73]

Answer:

December 31 Salaries & wages expense 3600 Dr

Salaries & wages Payable 3600 Cr

Explanation:

The pay week is of 5 days starting from Monday to Friday. The wage per day is,

wage per day = 6000 / 5 = $1200 per day

The adjusting entry is made based on the accrual or matching principle which follows that the expenses and revenue relating to a particular period should be matched and recorded in their respective periods.

Thus, the wage expense for 3 days ending 31 December will be recorded as wages expense on 31 december for 1200 * 3 = $3600

The credit against this entry will be wages payable as the wage will be paid on January 2.

4 0

2 years ago

Initially, Stacy earns a salary of $300 per year and Virginia earns a salary of $200 per year. Stacy lends Virginia $100 for one

lina2011 [118]

Answer:

The answer is "$306 and $204".

Explanation:

Given value:

Stacy salary = $300

Virginia salary = $200

The nominal value is 2%

Calculating the Stacy salary $= 300 \times \frac{2}{100}$

$= 3 \times 2 \\\\ =6$

$\text{ Stacy salary = slaray+ percent value}$

$= \$ 300 + \$ 6\\\\= \$ 306 \\$

Calculating the Virginia salary $= 200 \times \frac{2}{100}$

$= 2 \times 2 \\\\ =4$

$\text{ Virginia salary = slaray+ percent value}$

$= \$ 200 + \$ 4\\\\= \$ 204 \\$

7 0

2 years ago

Emily, who is single, has been offered a position as a city landscape consultant. The position pays $153,800 in cash wages. Assu

Law Incorporation [45]

Answer:

a) using the 2020 tax schedule:

Emily's taxable income = $153,800 - $12,200 = $141,600

Emily's tax liability = $14,605.50 + [($141,600 - $85,525) x 24%] = $28,063.50

Emily's after tax compensation = $153,800 - $28,063.50 = $125,736.50

b and c ) if Emily (or Rick?) get a $102,500 offer that includes benefits worth $4,900 that are not taxable:

taxable income = $102,500 - $12,200 = $90,300

tax liability = $14,605.50 + [($90,300 - $85,525) x 24%] = $15,751.50

after tax compensation = $102,500 - $15,751.50 + $4,900 = $91,648.50

5 0

2 years ago

The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northe

Greeley [361]

Answer:

cash 15,000 debit

accounts receivable 15,000 credit

cash 150 debit

gift card liaiblity 150 credit

accounts receivable 4,000 debit

services revenue 4,000 credit

cash 2,250 debit

unearned revenue 2,250 credit

accounts receivable 125 debit

service revenues 125 credit

Explanation:

we increase cash and decrease the customers accounts

we record the cash proceeds and use a liability for the obligation in the near future to provide services to a customer

we recognize the revenue and increase our accounts receivable

as the colleciton is in advance the revenue is not earned. this is a liability as we now have the obligation to perform services in the near future

we must match the revenue whn the time it occurs and that time was february not march.

3 0

2 years ago