In this report, there are three variables being
mentioned. These are:
1st variable = 19 minutes
2nd variable = 7 jumps
3rd variable = 79%
In this problem, I believe what we are asked to do is to
identify the type of variable the 2nd variable is. We are given that
the 2nd variable is “7 jumps”.
This means that the 2nd variable is quantitative because it
refers to or relating to a measurement of something rather than the quality. We
also know that jumps can only take whole numbers, not decimal. Therefore it is
also discrete. Hence, the 2nd variable is:
quantitative and discrete
Answer:
c. equality.
Explanation:
Rent control is a government directive that limits the amount a landlord can charge as rent or for rent renewal. When the landlord is renewing rent there is a maximum percentage for rent increase.
Rent control is intended to create a level of equality for low-income earners and elderly people on fixed income.
This has been a successful initiative and has helped in balancing the standard of living of the target population.
Answer:
$870
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Allowance for uncollectible accounts at 5%
= 5% * $302,000
= $1,510
Since the Allowance for Uncollectible Accounts was $640 (credit) before any adjustments, the bad debt expense for the year
= $1,510 - $640
= $870
Basically, the Sarbanes Oxley Act was not a single Act, but a series of Acts that were designed to expand starting requirements for companies such as firms and overall businesses. Section 404 is one of the Acts that are specifically set on the company's control on their financial reports made. As a result, internal management or more commonly known as the Internal Affairs program of a company must provide a detailed and clear-written (straight-to-the-point) report on the company's structure (how they do things) and creating, or establishing, a set of procedures on how they plan to report their financial status.
Answer:
<u>If records invoices at gross amounts</u>
October 2th
inventory 3,000 debit
A/P 3,000 credit
October 2nd
A/P 500 debit
inventory 500 credit
October 17th
inventory 5,400 debit
A/P 5,400 credit
October 26th
A/P 5,400 debit
Inventory 108 credit
cash 5,292 credit
October 31th
A/P 2,500 debit
Cash 2,500 credit
<u>If records invoices at nets amounts</u>
October 2th
inventory 2,940 debit
A/P 2,940 credit
October 2nd
A/P 490 debit
inventory 490 credit
October 17th
inventory 5,292 debit
A/P 5,292 credit
October 26th
A/P 5,292 debit
cash 5,292 credit
October 31th
A/P 2,490 debit
Inventory 10 debit
Cash 2,500 credit
Explanation:
gross amount: we use the invoice nominal
net amount: we use the net nominal
October 2nd net:
3,000 x (1-2%) = 2,940
returns net: 500 x ( 1 - 2%) = 490
October 16th invoice net:
5,400 x ( 1 - 2%) = 5,292
october 31th
october 2th invoice balance:
2,940 - 490 = 2,450