The journal entry that Oliver make when factoring these receivables is:
Debit Cash $784,000
Debit Service Charge Expense $16,000
Credit Accounts receivable $800,000
Oliver furniture journal entry
Debit Cash $784,000
[(100%-2%)×$800,000]
Debit Service Charge Expense $16,000
(2%×$800,000)
Credit Accounts receivable $800,000
(To record account receivables)
Inconclusion the journal entry that Oliver make when factoring these receivables is: Debit Cash $784,000; Debit Service Charge Expense $16,000; Credit Accounts receivable $800,000.
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The description of the relationship between groundwater and surface water to its correct position is given below;
- Perched above the water table.
- Above the surface.
- Above or near the surface.
- Perched above the water table and underlain
<h3>What is ground water?</h3>
Ground water is known to be the water that is found underground in regards to saturated zones which is below the land surface.
Note that it is one that occupies the pores and fractures as seen in the underground materials such as sand, gravel, etc.
Hence, The description of the relationship between groundwater and surface water to its correct position is given below;
- Perched above the water table.
- Above the surface.
- Above or near the surface.
- Perched above the water table and underlain
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Answer:
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In Chapter 2 we discussed how to summarize data using different methods and to display data using
graphs. Graphs are one important component of statistics; however it is also important to numerically
describe the main characteristics of a data set. The numerical summary measures, such as the ones
that identify the center and spread of a distribution, identify many important features of a distribution.
For example, the techniques learned in Chapter 2 can help us graph data on family incomes.
However, if we want to know the income of a “typical” family (given by the center of the distribution),
the spread of the distribution of incomes, or the relative position of a family with a particular income,
the numerical summary measures can provide more detailed information (see Figure 3.1). The
measures that we discuss in this chapter include measures of (1) central tendency, (2) dispersion
(or spread), and (3) position.
Answer:
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