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3 years ago

A. Following are the transactions of a new company called Pose-for-Pics.

Business

1 answer:

stich3 [128]3 years ago

4 0

Answer:

The August 31 trial balance is a debit and credit amount of $16,986

Explanation:

The journal entries for the following transactions is as follows;

General Journal Debit Credit

1. Cash $6,500

Photography equipment $33,500

Common stock $40,000

2. Prepaid insurance $2,100

Cash $2,100

3. Office supplies $880

Cash $880

4. Cash $3,331

Photography fees $3,331

5. Utilities expense $675

Cash $675

August 31 trial balance $16,986 $16,986

The August 31 trial balance is a debit and credit amount of $16,986

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The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at th

miskamm [114]

Answer:

Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis and conclude all three means are not equal.

Explanation:

The given data is

Banking Retail Insurance

12 8 10

10 8 8

10 6 6

12 8 8

10 10 10

The results of excel are:

Anova: Single Factor

SUMMARY

Groups Count Sum Average Variance

Column 1 5 54 10.8 1.2

Column 2 5 40 8 2

Column 3 5 42 8.4 2.8

1) Let the null and alternate hypotheses be

H0: u1=u2=u3 i.e all the three means are equal and

Ha: Not all three means are equal

2) The significance level is set at ∝ =0.05

3)The test statistic to use is

F= sb²/ sw²

which has F distribution with v1= k-1 →3-1=2 and v2= n-k →15-3=12 degrees of freedom

After calculations the following table is obtained.

ANOVA

Source SS df MS F P-value F crit

of Variation

B/w Groups 22.93 2 11.467 5.733 0.01788 3.885

Within Groups 24 12 2

Total 46.93 14

4) The critical region is F ≥ F(0.05, 2,12) = 3.885

5) Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis and conclude all three means are not equal.

4 0

3 years ago

Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His

Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

Basis = $42,000

Amount of ordinary income allocated = $10,600

Now,

Capital gain from distribution in excess of basis

= Distribution - Basis - Amount of ordinary income allocated

= $44,000 - $42,000 - $10,600

= -$8,600

here, negative sign depicts there is a capital loss

8 0

3 years ago

Câu 1. Có nhiều giám đốc cho rằng làm giám đốc trong thời kỳ mở cửa là rất khó khăn, cơ cực và nhiều rủi ro.

Neko [114]

Answer:

please explain english we dont understand

Explanation:

7 0

3 years ago

Andrea has prepared the following list of statements about corporations. Identify each statement as true or false.

Zolol [24]

Answer:

1. A corporation is an entity separate and distinct from its owners. TRUE

2. As a legal entity, a corporation has most of the rights and privileges of a person. TRUE

3. Most of the largest U.S. corporations are privately held corporations. TRUE

4. Corporations may buy, own, and sell property; borrow money; enter into legally binding contracts; and sue and be sued. TRUE

5. The net income of a corporation is not taxed as a separate entity. TRUE

6. Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts. FALSE

7. The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders. TRUE

8. The board of directors of a corporation legally owns the corporation. FALSE

9. The chief accounting officer of a corporation is the controller. FALSE

10. Corporations are subject to fewer state and federal regulations than partnerships or proprietorships. TRUE

Explanation:

A corporation is a business that is a separate, legal entity that is run by board of directors chosen by the shareholders. A corporation operates or exists as an entity separate and distinct from it's owner or owners. This means that as separate or legal entity, a corporation has the rights and privileges of an individual except the right to vote and be voted for.

The stakeholders or shareholders of the corporation usually select officers to serve is board of directors and every year this board of directors nominate officers for the positions of a president, secretary and treasurer to handle the running's and activities of the corporation. If the board of directors also wishes or decides they can nominate a vice president too.

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3 years ago

Gerald buys a new beard trimmer. However, once he starts using it, he finds out that the trimmer has no settings to adjust the l

Vlad [161]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago