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mr Goodwill [35]
3 years ago
7

A variable that likely is incorporated in the error term is A. the variable cost of production. B. the fixed cost of production.

C. the weather. D. the minimum wage. E. profit from popsicle sales.
Business
1 answer:
atroni [7]3 years ago
6 0

Answer:

A. The variable cost of production

Explanation:

An error term is a residual variable produced by a statistical or mathematical model, which is created when the model does not fully represent the actual relationship between the independent variables and the dependent variables. As a result of this incomplete relationship, the error term is the amount at which the equation may differ during empirical analysis.

The error term is also known as the residual, disturbance, or remainder term, and is variously represented in models by the letters e, ε, or u.

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Trial Balance September 30, 2022
Sergeeva-Olga [200]

Answer:

T- accounts:

Cash

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $23,640

Oct. 5  Accounts receivable   1,310

Oct. 15 Salaries                                     $1,110

Oct. 17 Service Revenue         580

Oct. 20 Accounts Payable                    1,830

Oct. 29 Dividend                                     250

Oct. 31 Utilities                                        420

Accounts Receivable

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $7,040

Oct. 5  Cash                                        $1,310

Oct. 10 Service Revenue     5,410

Supplies

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $4,270

Equipment

Date    Account Title            Debit       Credit

Oct. 1   Balance                  $10,170

Accounts Payable

Date    Account Title            Debit       Credit

Oct. 1   Balance                                  $9,240

Oct. 20 Cash                        1,830

Unearned Service Revenue

Date    Account Title            Debit       Credit

Oct. 1   Balance                                  $3,270

Common Stock

Date   Account Title            Debit       Credit

Oct. 1  Balance                                  $19,440

Retained Earnings

Date   Account Title            Debit       Credit

Oct. 1  Balance                                  $13,170

Service Revenue

Date    Account Title            Debit       Credit

Oct. 10 Accounts receivable              $5,410

Oct. 17 Cash                                            580

Salaries Expense

Date     Account Title            Debit       Credit

Oct. 15 Cash                        $1,110

Dividend

Date      Account Title            Debit       Credit

Oct. 30 Cash                        $250

Utilities Expense

Date      Account Title            Debit       Credit

Oct. 30 Cash                        $420

Explanation:

a) Data and Calculations:

Trial Balance September 30, 2022  

Account Title            Debit       Credit

Cash                       $23,640

Accounts Receivable 7,040

Supplies                      4,270

Equipment                 10,170

Accounts Payable                       $9,240

Unearned Service Revenue         3,270

Common Stock                           19,440

Retained Earnings                       13,170

                             $45,120      $45,120

b) Journal Entries:

Oct. 5:

Debit Cash $1,310

Credit Accounts Receivable $1,310

To record cash receipts from customers.

Oct. 10:

Debit Accounts Receivable $5,410

Credit Service Revenue $5,410

To record service revenue.

Oct. 15:

Debit Salaries Expense $1,110

Credit Cash Account $1,110

To record payment of salaries.

Oct. 17:

Debit Cash Account $580

Credit Service Revenue $580

To record performance of services for cash.

Oct. 20:

Debit Accounts Payable $1,830

Credit Cash Account $1,830

To record the payment of cash on account

Oct. 29:

Debit Dividend $250

Credit Cash Account $250

To record the payment of cash dividend.

Oct. 31:

Debit Utilities $420

Credit Cash Account $420

To record the payment for Utilities.

8 0
3 years ago
Normally, a person with a high level of education makes more money than a person without an education.
WITCHER [35]

Answer: true

Explanation:

8 0
3 years ago
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