Ask question

Ask question

All categories

3 years ago

5

Twenty percent of the employees of abc company use direct deposit and have their wages sent directly to the bank. assume we rand

om sample five employees. what is the probability that all five employees use direct deposit?

1 answer:

abruzzese [7]3 years ago

3 0

1 in 5 of the sample employees use direct deposit

You might be interested in

In 2012, a nation’s population was 10 million, its real GDP was 1.21 billion. By 2013, its the population had increased to 12 mi

julsineya [31]

No no it’s not going on
Yes yes I will
A

7 0

2 years ago

Jupiter Explorers has $5,600 in sales. The profit margin is 3 percent. There are 4,000 shares of stock outstanding, with a price

Irina18 [472]

Answer:

Price-earning ratio is 28.57 .

Explanation:

Price earning is a ratio widely used by common stock holder in stock market. The ratio is used to measures share price in relation to earning per share. The ratio tells us years require to recover amount spend on acquisition of share.

Detail calculation is given below.

Sales $ 5,600 -A

Net profit $ 168 -B

EPS $ 0.042 -B/4000

Price-earning ratio = 1.2/EPS = 28.57

6 0

2 years ago

During 2016, Chun's Book Store paid $485,000 for land and built a store in Cleveland. Prior to construction, the city of Clevela

Oksana_A [137]

Answer:

Journalize transactions for the following:

a. Purchase of the land

Dr Land 485,000

Cr Cash 485,000

b. All the costs chargeable to the building in a single entry

Dr Building 735,020

Cr Cash 735,020

The building accounts includes the $690,000 (construction costs) + $28,300 (capitalized interests) + $1,400 (building permit) + $15,320 (architect's fees).

c. Depreciation on the building for 2016 Explanations are not required.

Dr Depreciation expense 5,686

Cr Accumulated depreciation 5,686

Only the building is depreciated, land is not. Depreciation expense per year = ($735,020 - $337,000) x 1/35 = $11,372. Since Chun can only depreciate half a year, the depreciation expense will be $5,686.

Report Chun's Book Store's plant assets on the company's balance sheet at December 31, 2016.

Land $485,000

Building $729,334

What will Chun's income statement for the year ended December 31, 2016, report for these facts?

nothing, since interests were capitalized

4 0

2 years ago

On November 1, Vacation Destinations borrows $1.57 million and issues a six-month, 9% note payable. Interest is payable at matur

Keith_Richards [23]

Answer:

(a) To Record the issuance of the note

Debit Cash $1.57 million

Credit Notes payable $1.57 million

<em>(To record notes payable issuance)</em>

(b) Adjusting entry for interest expense at December 31:

Debit Interest expense $23,550

Credit Interest payable $23,550

<em>(To record interest expense on notes payable as at Dec 31)</em>

Explanation:

Note payable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $1.57 million x 9%/12 x 6 months = $70,650.

Total interest expense to the Company as at December 31 is therefore $70,650 / 6 months x 2 months = $23,550.

3 0

3 years ago

Sam, an engineer, supervises the construction of a new bridge. When the bridge collapses due to faulty construction, Sam is sued

aleksandr82 [10.1K]

Answer: Other Engineers.

Explanation:

Sam is held responsible for the bridge collapse based on his role as the engineer in charge of the project. As an engineer care has to be taken in making accurate calculations and design to ensure there are no accidents or failure as a result of poor design.

3 0

3 years ago