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ehidna [41]
3 years ago
13

Please help me please

Business
1 answer:
Katyanochek1 [597]3 years ago
5 0
3 i think is ( A )  4th is ( C ) the 5th is ( A ) The 6th is ( B ) 
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Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go
trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

              To Accounts payable A/c $1,350

(Being inventory purchased on credit)  

In the books of Sheridan Company

Account receivable A/c Dr $1,350

          To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

             To Merchandise Inventory A/c $655

(Being goods are sold at cost)  

5 0
4 years ago
A variable that likely is incorporated in the error term is A. the variable cost of production. B. the fixed cost of production.
atroni [7]

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.

6 0
3 years ago
On December 1, 2021, the company received $9,000 in cash from another company that is renting office space in Falwell’s building
MrMuchimi

Answer:

From all indications,the two rents received have been posted wrongly, I want to believe that you are required to post the adjusting entries,hence my answer below:

The first $9000 was posted to deferred revenue,whereas only two months should have been

First rent:

DR Deferred revenue $3000

CR Revenue                 $3000

Second Rent

DR Revenue                  $6000

CR Deferred revenue    $6000

Explanation:

The first $9000 was posted to deferred revenue,whereas only two months should have been deferred and December rent recognized as rent.

As far as the second rent is concerned only one month has been earned,as a result the revenue should be credited with just $3000  for December.

This then mean that revenue from the second property has been overstated in December by $6000,this necessitated by adjustment above.

8 0
3 years ago
Inadequate disclosure occurs when: a. A company attempts to overstate assets to make their financial position look better. b. Ma
Fudgin [204]

Answer: Option B

         

Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.

The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.

7 0
3 years ago
The present value interest factor for an annuity with an interest rate of 8 percent per year over 20 years is ____.
lianna [129]

The present value factor of an annuity that will mature in 20 years at an interest rate of 8% is <u>9.8181474.</u>

<h3>What is the present value interest factor?</h3>

It can be found by using the present value of an annuity formula of:

= Amount x ( 1 - ( 1 + rate) ^ - number of periods) / Rate

As there is no amount, solving gives:

= ( 1 - ( 1 + 8%) ⁻²⁰) / 8%

= 9.8181474

In conclusion, it is 9.8181474.

Find out more on present value of annuity at brainly.com/question/25792915.

8 0
3 years ago
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