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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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A recent annual report for FedEx contained the following data:
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FedEx

Accounts Receivable Turnover

Numerator Net Credit Sales = 35,687 = 9.02 times

Denominator Average Accounts Receivable (4415+ 3495)/2

Average Daily Accounts Receivable Turnover

Numerator Days in 4 Years = 0.365 4 4 = 46 debt turnover ratio of 9.02

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

In personal banking or financial accounting, a credit is an entry indicating that money has been received. Normally, a checking account register has the balance (deposits) on the right and the debits (money spent) on the left. In a loan, all the requested amount is given at once at the time of lending, whereas in a loan, the bank uses the full amount of the loan to give the customer an amount that can be used as needed.

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An online savings account _____. offers lower interest rates because it costs more money to maintain the online site offers high
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IKEA advertises throughout the year, but significantly increases its advertising during the back-to-school time frame, thus impl
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Pulsing

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3 years ago
On February 1, a customer's account balance of $2,700 was deemed to be uncollectible. What entry should be recorded on February
Anvisha [2.4K]

Answer:

On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.

The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:

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Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.

The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount.  Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order.  This method is unlike the direct write-off method.  With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.

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The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. B
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