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svet-max [94.6K]
4 years ago
8

According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to

determine whether there is a difference in the proportion of shoppers who pay by check among three consecutive years at a 0.05 level of significance, the results of a survey of 500 shoppers in three consecutive years are obtained and presented below. check written year 1 year 2 year 3 yes 225 175 125 no 275 325 375 referring to table above, the expected number of shoppers who pay by check in year 1 if there is no difference in the proportion of shoppers who pay by check among the three years is
Business
1 answer:
timofeeve [1]4 years ago
8 0
<span>Given:
check written        year 1         year 2        year 3
yes                         225            175             125
no                          275            325              375 


</span><span>The expected number of shoppers who pay by check in year 1 if there is no difference in the proportion of shoppers who pay by check among the three years is 175.

Each year has 500 customers, and its proportion of customers paying in check gradually decreased from 45% to 25%. If there is no difference in proportion, I am assuming that the data is averaged. Thus, (225+175+125) / 3 = 525 / 3 = 175.</span>
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Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $362,000; the partnership
Sveta_85 [38]

Answer:

$362,000 building and $231,000 in Fontaine's capital account

Explanation:

Fontaine and Monroe are forming a partnership

Fontaine invests a building that has a market value of $362,000

The partnership assumes responsibility of $131,000 note

Monroe invests $106,000 in both cash and equipment

The market value is $81,000

Therefore, since the building has a market value of $362,000 then, the amount that is recorded for the building is $362,000

The amount recorded for Fontaine's capital account can be calculated as follows

= $362,000-$131,000

= $231,000

Hence the amount recorded in the building and Fontaine's capital account is $362,000 and $231,000 respectively

8 0
3 years ago
The adjusted trial balance of Sheri dan Company at December 31, 2022, includes the following accounts: Owner's Capital $16,000,
jonny [76]

Proof of income statement.

Revenue    

Service revenue   38300

Expense    

Salaries and wages expense 15700  

Insurance Expense 2300  

Rent Expense  4600  

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Depreciation Expense  1400  

Total expense   25200

Net income   13100

Sales are the sum of the revenue generated from the sale of goods or services related to the company's main activities. Income, also known as gross income, is often referred to as the "top line" because it is at the top of the income statement. Income or net income is the total profit or profit of the business.

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7 0
2 years ago
The 6-month futures price on a non-dividend-paying stock is $36.20. the risk-free rate is 2.75 percent and the market rate is 9.
Otrada [13]
$15.82 (a.k.a answer B)
4 0
3 years ago
Jameson Corporation was organized on May 1. The following events occurred during the first month.
olya-2409 [2.1K]

Answer:

Answer:

Date     General Journal                Debit          Credit

a.           Cash                                 $70,000

                   Common stock                              $5,000

                   (5*100 shares * $10)

                   Additional paid - in - capital          $65,000

b.          No journal entry required       -                      -

c.           Cash                                  $18,000

                     Notes payable (long term)             $18,000

d.            Equipment                      $11,000

                      Cash                                                $1,500

                       Notes payable (Short term)          $9,500

e.             Notes receivable          $2,000

                       Cash                                                $2,000

f.              Store fixtures                $15,000  

                       Cash                                                 $15,000

7 0
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Required: Journal entry
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Answer:

If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.

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XX-XX-XXXX     Accounts Payable - Saurya Stores     Rs. 39,000

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7 0
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