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In-s [12.5K]
2 years ago
15

Sam​ Snead, the owner of​ Snead's Fine Golf​ Wear, used $1800 of his personal funds to go on vacation. Which of the following is

the most appropriate treatment regarding this​ transaction? A. Travel expense 1,800 Cash 1,800 B. Withdrawals 1,800 Cash 1,800 C. Record a memorandum in the general journal D. Do not record the transaction in the general journal
Business
1 answer:
AveGali [126]2 years ago
4 0

Answer:

D. Do not record the transaction in the general journal

Explanation:

There is no need to record the transaction in the general journal since the money that was actually spend by Sam Snead happens to be his own personal <em>fund rather than the company's fund (That is, the Golf Wear company). Funds belonging to the company are those that deserve to be recorded in the general journal.</em>

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Nine subjects, 87 to 96 years old, were given 8 weeks of progressive resistance weight training. strength before and after train
Serga [27]

Answer:

11.611 +/- 3.013

Explanation:

3     3.5     4       6        7          8        8.5        12.5       15

7      17      19      12       19       22       28         20         28

difference

4      13.5    15     6       12        14        19.5        7.5         13

mean = 11.611

the standard deviation ⇒ 7.611² + 1.889² + 3.389² + 5.611² + 0.389² + 2.389² - 7.889² + 4.111² + 1.389² = 57.927 + 3.568 + 11.485 + 31.483 + 0.151 + 5.707 + 62.236 + 16.9 + 1.929 = 191.386/9 = √21.265 = 4.611

standard deviation = 4.611  1.918

confidence interval = mean +/- [(standard deviation/√9) x 1.96]

11.611 + [(4.611/3) x 1.96] = 11.611 + 3.013

11.611 - [(4.611/3) x 1.96] = 11.611 - 3.013

4 0
3 years ago
The Federal Reserve carries out open-market operations, buying $2 million worth of Treasury Bills from banks. This action increa
klemol [59]

Answer:

67%

Explanation:

Money supply = Money multiplier * Deposit worth

3 = Money multiplier * 2

Money multiplier = 3/2

Money multiplier = 1.5

Now, Money multiplier = 1 / Reserve ratio

1.5 = 1 / Reserve ratio

Reserve ratio = 1/1.5

Reserve ratio = 0.6667

Reserve ratio = 67%

So, the percent of deposits the banks hold as reserves is 67%

7 0
2 years ago
Byron is interested in buying an antique vase for his grandmother's birthday. He visits an antique store and buys the first vase
Tresset [83]

Answer:

specialty

Explanation:

Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a  good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.

Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.

6 0
3 years ago
Green Corporation has current earnings and profits of $100,000 and negative accumulated earnings and profits of ($200,000). A $5
Sphinxa [80]

Answer:

False

Explanation:

Green's distribution of $50,000 in to its sole shareholder at the end of the year should be treated as a dividend because Green's total earnings and profits for the year were $100,000.

A distribution from a corporation to a shareholder  can only be treated as a dividend when the corporation made a profit during the current year, or has positive accumulated earnings and profits.

5 0
3 years ago
Sparkle Metallurgy, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (
user100 [1]

Answer:

B.40,000 square feet

Explanation:

Calculation to correctly denotes the number of square feet and employees over which the Building Maintenance cost and Human Resources cost would be allocated

Employees Human Resources 4,000

Machining 15,000

Assembly 21,000

Number of square feet 40,000

(4,000+15,000+21,000)

Therefore the number of square feet and employees over which the Building Maintenance cost and Human Resources cost would be allocated is 40,000

3 0
2 years ago
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