Answer:
Mandy Capital Debit: 100,000
Brittney Capital Credit: 100,000
Explanation:
The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.
Answer:
A skilled broker will be right at 60% of time compared to 50%
Explanation:
Solution
Given that:
Now,
Let X be represented as = number of correct predictions/outcomes
X foll binomial distribution with n = 3 and p = 0.5 for broker who use a toss coin
Thus,
P(X = 3) = p^3 = 0.5^3 which gives us = 0.125
So,
For a skilled broker, Y goes with the binomial distribution with n = 3 and p is = 0.6
Then,
P(Y = 3) = 0.6^3 = 0.216
We can therefore conclude who is skilled broker by making large number of observations
Hence, we say that a skilled broker will be correct 60% of time compared to 50%
.
Answer: $88,700
Explanation:
Given that,
House value = $275,000
Mortgage = $195,000
Car value = $12,000
Car loans = $7,500
Investments = $3,000
Bank account = $2,700
Owes on a credit card = $1,500
Keisha’s net worth:
= House value - Mortgage + Car value - Car loans + Investments + Bank account - Owes on a credit card
= $275,000 - $195,000 + $12,000 - $7,500 + $3,000 + $2,700 - $1,500
= $88,700
Answer: Applications (Apps)
Explanation: In mobile marketing companies introduce the use of applications which involves either or both of web apps and mobile apps.
Customers can easily gain access to information about the company on their app and can also interact with the company through their app.
Some purchase can also be made on some companies apps.
Answer:
Just prior to completing the adjusted trial balance, Paula prepared the <em><u>Adjusting entries </u></em>section. After she finishes the adjusted trial balance, she will complete the <em><u>financial statement </u></em>section of the worksheet.
Explanation:
Starting from the two first column of the unadjusted trial balance The accountant will prepare and complete the adjusting entries section. After that, the combination of the unadjusted TB and the adjusting entries will give the adjusted trial balance. After that, the account balance is distributed according to the financial statement --> Balance sheet and income statement.
