Answer:
Answer text is available please see the attachment file for easy understanding
Sr. Date Levine Company Debit Credit
Journal
1 Not Given Cash $8,064
Credit Card Expense-Suntrust $336
Sales $8,400
2 Not Given Cost of Goods Sold $6,000
Merchandise Inventory $6,000
3 Not Given Accounts Receivable-Continental $5,460
Credit Card expense $140
Sales $5,600
4 Not Given Cost of goods Sold $3,500
Merchandise Inventory $3,500
5 12-Apr Cash $5,460
Accounts Receivable-Continental $5,460
Answer:
The correct answer is letter "B": A partner in a partnership is taxed on his or her share of partnership income.
Explanation:
Partnerships are organizations where two or more individuals operate a business. The partners are fully liable for the transactions of the company which implies their personal assets can be considered as collateral if the company falls into debt. When it comes to taxes, the partners must file them according to the <em>percentage contribution to the partnership</em>.
Answer:
b)AC(q)=3/4
Explanation:
Since Marginal product of labor (MPL) =2
And Marginal product of capital (MPK) =4
The price of labor i.e w=2
And, the price of capital i.e R=3
That determines
MPL ÷ W< MPK ÷ R.
Therefore producer will only use capital and k should be Q ÷ 4 and cost will RK i.e. RQ ÷ 4 =3Q ÷4
Hence, average cost is
=TC ÷Q
=3/4.
Here, Q = quantity and TC = total cost
Answer:
Total asset will increase
Explanation:
Equity and Liability Amount Effect
Service Revenue $45,500
Expenses <u>$37,000</u>
Profit $8,500 Increase in equity
Account Payable <u>$4,000</u> Increase in liability
($37,000 - $32,400)
Total <u>$13,100</u> Increase in Total assets
<u></u>
Asset
Cash $5,600
($38,000 - $32,400)
Account Receivables <u>$7,500</u>
($45,500 - $38,000)
Total <u>$13,100</u> Increase in Total assets
Answer:
The correct option is c. 78.39%.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now given as follows:
In regression model, R-squared (R^2) is the statistical measure that shows the percentage of the total variation a dependent variable that is explained by an independent variable(s).
From the question, the candy bar sales is the dependent variable while the Price is the independent variable.
Therefore, the R^2 is calculated using the RSQ function in the Microsoft excel.
Note: See the attached excel file for the calculation of the R^2 using the RSQ function.
For the data in the excel, the R^2 is calculated by simply typing =RSQ(C3:C8,B3:B8) anywhere in the attached excel file. This gives 0.7839. Converting this to a percentage gives 78.39%.
Therefore, percentage of the total variation in candy bar sales explained by prices is 78.39%. The correct option is c. 78.39%.
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