Answer: $1600
Explanation:
From the information given, it can be noted that while Ryan is vested, on the other hand, Todd isn't vested.
Therefore, since the vacation is for two weeks, the amount of vacation expense and liability should be reported will be for Ryan alone and this will be:
= $800 × 2
= $1600
In this case, service has already been rendered ans there's accumulated rights, therefore a vacation expense and liability of $1600 should be reported.
Answer:
The company's price–earnings ratio is 36.
Explanation:
Price earning ratio is the ratio of market value of share to earning per share. It shows that how much investors are willing to pay for each dollar of earning of the company.
Profit margin = Net income / sales
0.04 = Net Income / $7800
Net Income = $7800 x 0.04 = $312
Earning Per share = Net Income / number of outstanding shares
Earning Per share = $312 / 6,100 = $0.05
Price earning ratio = Market price of share / Earning per share
Price earning ratio = $1.8 / $0.05 = 36
Answer:
This is not necessarily evidence that the proportion of Americans who are afraid to fly has decreaseddecreased because belowbelow 0.10 because the proportion of sample, is nothing very close to 0.10.
Explanation:
n = 1100
p = 0.10
Using the formula np(1-p), we will have
= 1100(0.10)*(1 - 0.10)
= 1100*0.10*0.90
= 99
99 ≥ 10
This satisfies normal distribution condition. That is, proportion of sample are normally distributed.
Answer:
Entries are given below
Explanation:
Requirement A.
On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118
Entry DEBIT CREDIT
Held-to-maturity securities $65,118
cash $65,118
Requirement B.
The receipt of semiannual interest and premium amortization
Entry DEBIT CREDIT
cash (60,000 x 8% x 6/12) $2,400
held to maturity sercurities $446
interest revenue(65,118 x.6% x6/12) $1,954
