Answer:
Dr Miscellaneous expense $25
Cr Cash $25
Explanation:
With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.
Hence journal entry would be;
Dr Miscellaneous expense $25
Cr Cash $25.
Answer:
$10,200
Explanation:
The computation of the deferred income tax expense or benefit is shown below:
Favorable temporary difference = $50,000
Less: Unfavorable temporary difference -$20,000
Net favorable temporary difference $30,000
We assume the tax rate is of 34%
So, the deferred tax expense is
= $30,000 × 34%
= $10,200
By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above
Answer:
1.1%
Explanation:
Calculation to determine what the probability of the next purchase order having an error is using
an empirical probability
Using this formula
Probability=Purchase orders errors/Purchase orders filled
Let plug in the formula
Probability=1100/100000
Probability=0.011*100
Probability=1.1%
Therefore using an empirical probability the probability of the next purchase order having an error is 1.1%
Answer: Meat packing plant
Explanation:
The options to the question are:
A. California wine grower
B. meat packing plant
C. horticultural nursery
D. Florida orange grove
E. none of the above
Of all the options given in the question, the correct answer is meat packing plant. It should be noted that the meat packaging plant will not be part of the production sector due to the fact that no productive activities are taking place, it only involves in services.
Answer: Protect people from severe and sometimes fatal electrocution by monitoring for electrical leakage to ground.
Explanation:
The main purpose of a Ground Fault Circuit Interrupter (GFCI) is to ensure that when a person gets electrocuted, the flow of electricity is cut off quickly so that no serious injuries or death occurs.
It works by monitoring the electrical leakage to the ground by checking to see if the current going to and coming from the equipment differ by a certain amount and if it does, the GFCI will interrupt the circuit.
