Answer:
1.1%
Explanation:
Calculation to determine what the probability of the next purchase order having an error is using
an empirical probability
Using this formula
Probability=Purchase orders errors/Purchase orders filled
Let plug in the formula
Probability=1100/100000
Probability=0.011*100
Probability=1.1%
Therefore using an empirical probability the probability of the next purchase order having an error is 1.1%
Answer:
The answer is : C. Investment overstated; retained earnings overstated
Explanation:
Under the equity method of accounting, Fey Corporation should record the correct entry as below:
Dr Equity Investment 16,800
Cr Equity Income 16,800
Dr Cash 5,400
Cr Equity Investment 5,400
As a result, Investment account has been overstated by $5,400 while Dividend Revenue account has been overstated by $5,400. The overstating in Dividend Revenue will subsequently result to the overstating in Retained Earnings account through closing entry.
So, C. Investment overstated; retained earnings overstated is the correct answer.
Answer:
The percentage distribution is a statistical distribution of relative frequency, in which the relative frenquencies are percentages over the total number of data, that in this case is equal to 100%.
In order to create a percentage distribution chart, we group the data into classes, and then, we count the number of times the elements of the class appear in the sample, finally, we convert this number into a percentage.
Answer and Explanation:
The preparation of the differential analysis is presented below:
Particulars Order rejected (Alternative 1) order accepted (Alternative 2) Differential Effect on Income (Alternative 2)
Revenues $0 $576,000 $576,000
($18,000 × $32)
Costs
Variable Manufacturing Costs $0 $522,000 -$522,000
($18,000 × $29)
Income (Loss) $0 $54,000 $54,000
We simply deduct the variable manufacturing cost from the revenues so that the income or loss could come
Answer:
B.
Explanation:
The checking account is also known by other names such as current account, transaction account, etc. This account helps in immediate access by the owner of the account for transactions. This account is used for immediate transactions when the owner use a debit card, or withdraws cash.
<u>In the given case, the money will be deducted from the checking account or current account when he use the debit card</u>.
Therefore the correct answer is option B.
