Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $768,000
Service Charge Expense A/c $32,000
To Accounts Receivable A/c $800,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $800,000 × 4%
= $32,000
Answer:
C) reciprocity
Explanation:
Based on the information provided within the question it can be said that this scenario is an example of reciprocity. This term refers to exchanging one thing for another in which both parties benefit in their own unique way. Which is the case since Bob buys equipment from Allied Tools which generates revenue for Allied Tools thus benefiting them, and Allied Tools hires Bob periodically which generates revenue for Bob thus benefiting him.
Answer:
A) skewed to the right with a mean of $4000 and a standard deviation of $450.
Explanation:
While the days are picked at random, the size of the sample is enough to represent the reality. Among the random pick those days of football game will be picked too and will skewed to the right the distribution
The distribution will not change into normal as the reality is that distribution of revenue is not normally distributed among the days of the year.
Answer:
False
Explanation:
Have you ever heard the phrase "there are lies, [email protected] lies and statistics"?
The only way that a statistical study be 100% confident is that it involves everyone or everything. For example, if you want to carry on a study about how many US college students drive, in order to be 100% confident of the result, you would need to interview all the college students in the country.
