Answer:
cash 1,500 debit
accumulated depreciation- VAN 18,000 debit
loss at disposal 500 debit
VAN 20,000 credit
Explanation:
The journal entry must remove the van and their associate account from the company's books.
Therefore, will write-off van account and the accumulated depreciation.
Patel is receiving cash by the amount of 1,500 dollars. It will post the receipts as a debit to this account.
The difference will be considered gain/loss at disposal.
In this case, as the amount received 1,500
is lower than book value: 20,000 - 18,000 = 2,000
it will be a loss at disposal
Answer:
The confidence interval is between 2.23 and 3.53
Explanation:
The confidence interval (C) = 99% = 0.99
α = 1 - C = 1 - 0.99 = 0.01
α/2 = 0.01/2 = 0.005
The z score of α/2 corresponds to the z score of 0.495 (0.5 - 0.005) which is 2.576
The margin of error (E) is given as:

The confidence interval = mean ± margin of error = 2.88 ± 0.65 = (2.23, 3.53)
The confidence interval is between 2.23 and 3.53
We can offer you a quality men's suit for under $200, the salesman says. The actual price is $199.99. This is an example of: Odd-even pricing.
Psychological pricing method based on the credit that certain prices ranges are more attractive to buyers.
Answer:
There are many benefits of purchasing saving bonds:
* They are protected from inflation.
* They have no expenses or fee.
* Amount earned on saving bonds is exempted from all kinds of state taxes.
* They can be purchased with very minimum amount as well, as low as $25.
The problem is missing the main question.
The main question is: what is the probability that at least
six taxpayers in a sample of 8 say that it is very significant to safeguard
that high-income tax payers do not swindle on their tax returns? Use the
binomial distribution probability function.
Solution:
Let X be the number of taxpayers say that it is very significant
to safeguard that high-income tax payers do not swindle on their tax returns.
X ~ (n = 8, p = 0.82)
P (at least six taxpayers)
= P (X ≥ 6)
= 1 – P(X ≤ 5)
= 1 – 0.1608
= 0.8392 is the answer