If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as Debit Cash, credit Unearned Revenue.
A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.
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<span>Your second sentence is indeed the claim, "A maker of frozen meals claim that the average caloric content of its meals Is not 400."
Now you can talk about your null and alternative hypotheses (H0 and Ha respectively). Since your null must contain an equals sign it will be H0 = 400. Your alternative will be testing the claim and therefor read Ha ≠400</span>
Answer:
$38, 288.718
Explanation:
The amount to be withdrawn at the end of each year, for 30 years
The amount of $500,000 represents the present value while yearly withdraws the annuities.
We use a revised formula for calculating annuities.
Applicable formula is
P = PV × r/( 1 − (1+r)−n
P = annual withdrawals
PV = $500,000
r = 6.5%
n 30
P = 500,000 x( 0.065/ ( 1- (1 + 0.065) -30)}
p = 500,000 x (0.065/ (1-1+.065)-30)
p= 500,000 x (0.065 / 1-0.1511860661)
P =500,000 x (0.065 /0.848814)
P= 500,000 x 0.076577436
Yearly withdrawals = $38, 288.718
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