Answer:
time period
Explanation:
In accounting, the time period principle states that a firm must report its financial statements for specific periods of time. For example, the Securities and exchange Commission (SEC) requires public corporations to submit their financial reports every quarter. This is done in order for accounting periods to be comparable, e.g. comparing a quarterly report vs an annual report is not correct.
Answer:
B. Human Resource
Explanation:
The functions and responsibilities of a factory worker differ depending on the workplace. A factory Worker may operate machinery and tools, work on a production line, clean and repair equipment, or work as required.
Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.
Answer:
cash 110,000 debit
land 100,000 credit
gain at disposal 10,000 credit
--to reocrd teh sale of land--
accounts payable 80,000 debit
cash 80,000 credit
--to record the payment of liabilities--
gain at disposal 10,000 debit
Morgan 7,500 credit
Halsted 2,500 credit
--to distribute the gain from sale--
Morgan 22,500
Haslted 7,500
Cash 30,000
--to liquidate the partnership--
Explanation:
ratio 3:1 (3+1=4)
Morgan 15000 share of 3/4 = 75%
Halsted 5000 share of 1/4 = 25%
there is gain of 10,000 in the sale distribute as follow
Morgan 10,000 x 75% = 7,500
Halsted 10,000 x 75% = 2,500
Now we close the account against cash
Answer:
Check Explanation
Comprobar Explicación
Explanation:
English Translation
A school has a total of 475 students. We want to extract a sample of 80. Explain in detail how this sample is obtained by random sampling.
Solution
In random sampling, each member of the population has an equal chance of being surveyed or an equal chance of being a member of the sample.
For this Question, it will mean that each of the 475 students would have an equal chance of being part of the sample of 80 students. To use random sampling for this particular scenario, we would give all the students numbers from 1 to 475, we would then use a computer program to generate 80 random student numbers.
We could also put all the number in a bowl and randomly select 80 numbers from 475, that way, the sampling method would be as random as can be.
In Spanish/En español
En el muestreo aleatorio, cada miembro de la población tiene la misma probabilidad de ser encuestado o la misma probabilidad de ser miembro de la muestra.
Para esta pregunta, significará que cada uno de los 475 estudiantes tendría las mismas posibilidades de ser parte de la muestra de 80 estudiantes. Para usar el muestreo aleatorio para este escenario particular, le daríamos a todos los estudiantes números del 1 al 475, luego usaríamos un programa de computadora para generar 80 números de estudiantes al azar.
También podríamos poner todos los números en un tazón y seleccionar aleatoriamente 80 números de 475, de esa manera, el método de muestreo sería lo más aleatorio posible.
Hope this Helps!!!
¡¡¡Espero que esto ayude!!!
Answer:
B. No effect on net income; no effect on total assets
Explanation:
When you write off bad debt, the journal entry is:
Dr Allowance for doubtful accounts XYZ
Cr Accounts receivable XYZ
This actually had no effect on the income statement, since the allowance account is already a contra asset account.
When the write off is reversed because the customer paid the debt, the journal entry is:
Dr Accounts receivable XYZ
Cr Allowance for doubtful accounts XYZ
Dr Cash XYZ
Cr Accounts receivable XYZ
Again, since the company is using the allowance method, there is no real effect on the income statement nor total assets in the balance sheet.
