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AlladinOne [14]
3 years ago
13

Wiley Consulting purchased $7,800 worth of supplies and paid cash immediately. Which of the following general journal entrie wil

l Wiley Consulting make to record this transaction? Assume the company's policy is to Initially record prepaid and unearned Items In balance sheet accounts. Multiple Choice Accounts
Accounts Payable 7,800
Supplies 7, 800
Business
1 answer:
mel-nik [20]3 years ago
4 0

Answer: Debit Supplies and Credit Cash

Explanation: From the above question, Wiley paid cash for the supplies and in accounting you debit the receiver and credit the giver.

In the question above, the supplies account is receiving value while the cash is giving value. Then the right journal entry is to Debit supplies and credit cash.

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The College Board reported the following mean scores for the three parts of the Scholastic Aptitude Test (SAT) (The World Almana
storchak [24]

Answer:

a) P(492

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 0.949)= P(Z

b) P(505

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 1.898)= P(Z

c) P(484

And we can use excel or the normal standard table to find this probability:

P(-1 < Z< 1)= P(Z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Part a

Let X the random variable that represent the scores for critical reading of a population, and for this case we know the distribution for X is given by:

X \sim N(502,100)  

Where \mu=502 and \sigma=100

We select a sample of size n=90, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{90}}=10.54)

And for this case we want this probability:

P(502-10 < \bar X < 502+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(492

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 0.949)= P(Z

Part b

Let X the random variable that represent the scores for Math of a population, and for this case we know the distribution for X is given by:

X \sim N(515,100)  

Where \mu=515 and \sigma=100

We select a sample of size n=90, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{90}}=10.54)

And for this case we want this probability:

P(515-10 < \bar X < 515+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(505

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 1.898)= P(Z

Part c

Let X the random variable that represent the scores for Writing of a population, and for this case we know the distribution for X is given by:

X \sim N(494,100)  

Where \mu=494 and \sigma=100

We select a sample of size n=100, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{100}}=10)

And for this case we want this probability:

P(494-10 < \bar X < 494+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(484

And we can use excel or the normal standard table to find this probability:

P(-1 < Z< 1)= P(Z

3 0
3 years ago
Brian quit his job because he only wants to work on weekdays. Brian could be considered cyclically unemployed. frictionally unem
Elza [17]

Option B

Brian could be considered  frictionally unemployed.

<h3><u>Explanation:</u></h3>

Workers dropping their jobs or fresh workers enrolling the workforce both append to frictional unemployment. Frictional unemployment usually transpires even in a developing, solid economy. The frictional unemployment rate is determined by dealing with the workers actively seeing jobs by the total labor force.

Frictional unemployment is advantageous to an economy since it's a sign that individuals are attempting more desirable states. Frictional unemployment can be conquered by suddenly rivaling proposed job seekers with job opportunities. Frictional unemployment isn't devastating to economics.

7 0
3 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $40,000 and
DerKrebs [107]

Answer:

$4,775

Explanation:

Given that,

Allowance for Uncollectible Accounts = $1,700

Write off in Accounts receivable during the year = $875

Allowance for Uncollectible Accounts required = $5,600

Closing Allowance for Uncollectible Accounts:

= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year

= $1,700 - $875

= $825

Bad debt expense for 2022:

= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts

= $5,600 - $825

= $4,775

6 0
3 years ago
Iaukea Company makes two products from a common input. Joint processing costs up to the split-off point total $47,000 a year. Th
iris [78.8K]

Answer:

Product                                             Net monetary advantage  

X                                                                   (800)                                                                                                                  

Y                                                                   1,000                  

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Also note that all costs incurred up to the split-off point are irrelevant to the decision to process further .  

Product X

                                                                                           $

Additional sales revenue from further processing  

( 47,000-25,400)                                                          21600

Further processing cost                                       <u>       (22,400)</u>

Net monetary advantage                                    <u>         (800)</u>

<u />

Product Y

                                                                                           $

Additional sales revenue from further processing  

( 54,700-37,000)                                                        17,700

Further processing cost                                       <u>       (16,700)</u>

Net monetary advantage                                        <u>  1,000    </u>

Product                                             Net monetary advantage  

X                                                                   (800)                                                                                                                  

Y                                                                   1,000                  

7 0
3 years ago
The combo box (form control) option in macros can be used to substitute for ___ when doing scenario analysis.
mina [271]

Answer:

Data validation

Explanation:

Here the combo box determines the validating the data and also provides the data list that is to be chosen from the given set of the data. Now if can be chosen from the drop-down list with respect to combo box also the motive would remain the same as it comes under data validation option

Hence, the correct option is data validation

7 0
3 years ago
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