Answer:
B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory
Explanation:
The journal entry is shown below:
cash $10,000
To sales $10,000
(being cash receipts is recorded)
Here cash is debited as it increased the assets and credited the sales as it also increased the revenue
cost of merchandize sold $7,590
To merchandize inventory $7,590
(being cost of merchandise sold is recorded)
Here cost is debited as it increased the expense and credited the merchanidse inventory as it decreased the inventory
Answer:
The 95% confidence interval for the true weight is 1.4103 and 1.41587 grams.
Explanation:
If we sorted by ascending order the three weighings given and we asumme these 3 weighings as extreme values and mean, we can calculate the 95% confidence interval. Using the formula for Normal distributions we know that 95% intervals are 1,96 times standard deviation from the the mean, then Mean (1.4131) ± 1.96*Standard deviation (0.001) = 1.4103 and 1.41587
Answer:
The correct answer is b. income effect.
Explanation:
The income effect describes how the change in the price of a good can change the quantity that consumers will demand of that good and related goods, based on how the price change affects their real income.
