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Korvikt [17]
3 years ago
7

Professor jennings claims that only 35% of the students at flora college work while attending school. dean renata thinks that th

e professor has underestimated the number of students with part-time or full-time jobs. a random sample of 79 students shows that 38 have jobs. do the data indicate that more than 35% of the students have jobs? use a 5% level of significance.
Business
1 answer:
hodyreva [135]3 years ago
4 0
The data iuse
<span>use a 5% level of significance. Very yes</span>
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the audit working paper that reflects the major components of an amount reported in the financial statement is the
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The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
  • A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
  • The sum for the related line item in a client's financial statements should match the number on the lead schedule.
  • The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
  • Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
  • The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.

To learn more about the Audit working paper refer to:

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4 0
2 years ago
The nominal interest rate is 6 percent and the real interest rate is 2.5 percent. What is the inflation rate?
Vlad1618 [11]

Answer:

3.5 percent

Explanation:

6 0
2 years ago
Person status felix is a 42-year-old autoworker who was laid off from his job 6 months ago. he is frustrated with his inability
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The answer would have to be Employed
4 0
3 years ago
Analyze the events​ chronologically, one transaction at a​ time, beginning with the transaction on the 5th. For each transaction
lorasvet [3.4K]

QUESTION COMPLETION:

TRANSACTIONS:

April 5 Shaff deposited $40,000 in a new business bank account titled Apr. Abraham Shaff, CPA. The business issued common stock to Shaff.

April 6 Paid $200 cash for letterhead stationery for new office

April 7 Purchased office furniture for the office on account, $8,000.

April 10 Consulted with tax client and received $2,900 for services rendered. 11 Paid utilities, $280.

April 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, $8,000.

April 18 Paid office rent, $1,700.

April 25 Received amount due from client that was billed on April 12

April 27 Paid full amount of accounts payable created on April 7

April 30 Cash dividends of $2,500 were paid to stockholders.

Answer:

See attached.

Explanation:

The question requires business events to be analyzed chronologically with each event's impact on the accounting equation.

The accounting equation states that Assets equal Liabilities plus Equity (Assets = Liabilities + Equity).  The implication of this equation is that given each business transaction, Assets will always be equal to Liabilities and Equity.  Two accounts or more are usually affected by each transaction.  It may be two assets accounts or one asset and liabilities, etc.  Expenses and Income impact the Retained Earnings, which is part of the Equity.

Assets are the resources owned by the business, while liabilities are financial obligations to third parties that contribute to the owned resources.  Equity is the funds contributed by the stockholders, including the earnings retained from business.  Equity, therefore, represents the ownership interest in the assets after liabilities have been deducted.

Download xlsx
5 0
2 years ago
Wall Corporation exchanges old equipment for new equipment. The original cost of the old equipment was $100,000, and its accumul
victus00 [196]

Answer:

2. Credit equipment $100,000

3. Debit accumulated depreciation $60,000

Explanation:

When a company trades with another pieces of equipment gain or losses are recognized when there is commercia lsubstance. If not, then the trade-in equipment is posted as the net book value of the old equipment

In both cases, the old equipment is write-off  thus:

credit equipment for 100,000

and debit accumualted overhead for 60,000

Now, we look at the option that matches this. The information about the new assets is insuficient as we aren't given information about whether or not thre is commercial substance

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3 years ago
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