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dem82 [27]
3 years ago
6

The Retained earnings account has a credit balance of $54,000 before closing entries are made. Total revenues for the period are

$72,200, total expenses are $48,300, and dividends are $15,800. What is the correct closing entry for the revenue accounts?
Mathematics
1 answer:
Romashka [77]3 years ago
3 0

Answer: $62100

Step-by-step explanation:

The following can be deduced from the information given in the question:

Credit balance = $54000

Total revenues = $72,200

Total expenses = $48,300

Dividends = $15,800

Closing entry= Credit balance + Total revenues - (Total expenses + Dividends)

= $54000 + $72,200 - ($48300 + $15800)

= $126200 - $64100

= $62100

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BaLLatris [955]
<h2>Answer with explanation:</h2>

Let p be the population proportion  of parents who had children in grades​ K-12 were satisfied with the quality of education the students receive.

Given : Several years​ ago, 39​% of parents who had children in grades​ K-12 were satisfied with the quality of education the students receive.

Set hypothesis to test :

H_0: p=0.39\\\\H_a :p\neq0.39

Sample size : n= 1055

Sample proportion : \hat{p}=\dfrac{466}{1055}=0.441706161137\approx0.44

Critical value for 95% confidence : z_{\alpha/2}=1.96

Confidence interval : \hat{p}\pm z_{\alpha/2}\sqrt{\dfrac{p(1-p)}{n}}

0.44\pm (1.96)\sqrt{\dfrac{0.39(1-0.39)}{1055}}\\\\0.44\pm0.0299536805135\\\\0.44\pm0.03\\\\=(0.44-0.03, 0.44+0.03)\\\\=(0.41,\ 0.47)

Since , Confidence interval does not contain 0.39.

It means we reject the null hypothesis.

We conclude that 95​% confidence interval represents evidence that​ parents' attitudes toward the quality of education have changed.

8 0
3 years ago
PLS HELP ME d + 7 2d-5 10d+ 1 Write and simplify an expression
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8 0
2 years ago
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artcher [175]

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