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3 years ago

Journalizing Adjusting Entries Journalize the following adjusting entries in the general journal below.

Business

1 answer:

Zarrin [17]3 years ago

7 0

Answer:

See below

Explanation:

1. Supply expense. 700

Supplies inventory. 700

2. Insurance expense. 650

Prepaid insurance. 650

3. Depreciation expense. 200

Accumulated Depreciation. 200

4. Wages expense. 100

Wages payable. 100

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The automatic ticket machines at a railroad station are programmed to ask every 7th ticket buyer on a given day if they would bu

jeka94

Calculate the sample proportion (198 yes responses out of 316).
$\hat{p}= \frac{198}{316} =0.6266$

We want to test against a sample size of n = 2200 daily passengers.
In order to use the normal distribution, we should satisfy
$n \hat{p} \ge 10\,\, and\,\, n(1 - \hat{p}) \ge 10$
2200*0.6266 = 1378.5
2200*(1-0.6266) = 821.5
We may use the normal distribution.

Let us use a 95% confidence interval.
The estimate for the population proportion is
$p=\hat{p} \pm z^{*} \sqrt{ \frac{\hat{p}(1-\hat{p})}{n} }$
where z* = 1.96 at the 95% confidence level.

$1.96 \sqrt{ \frac{06266(1-0.6266)}{2200} } =0.0202$
Therefore
p = 0.6266 +/-0.0202 = (0.6064, 0.6468)

Answer:
At the 95% confidence level, about 60% to 64% of regular passengers will buy snacks on the train.

3 0

3 years ago

Why do you think the Federal government taxes long-term capital gains and qualified dividends at a lower rate than earned

shusha [124]

Answer:

The justification for a lower tax rate on capital gains relative to ordinary income is threefold: it is not indexed for inflation, it is a double tax, and it encourages present consumption over future consumption. ... Future personal consumption, in the form of savings, is taxed, while present consumption is not.

Explanation:

8 0

3 years ago

Darwin Inc. sells a particular textbook for $29. Variable expenses are $21 per book. At the current volume of 44,000 books sold

Dvinal [7]

Answer:

The answer is A

Explanation:

To start with;

Contribution margin per unit = selling price($29) - variable cost($21)

$29 - $21

= $8 per book...

So break even sales =fixed cost(expense) / contribution margin.

Break even sales is 44,000 units and contribution margin is $8.

Therefore, fixed cost or expenses=

Break even sales x contribution margin

44,000 x $8

=$352,000

7 0

3 years ago

A firm is currently paying $2.75 each year in dividends. Recently sales have declined and the board of directors has recommended

levacccp [35]

Answer:

Yes, you would be interested in buying the stock at $20 because it's underpriced. It's actual intrinsic value is $23.76

Explanation:

Use dividend discount model to solve this question;

D1 = 2.75(1-0.10) = 2.475

D2 = 2.475 (1-0.10) = 2.228

D3 =2.228 (1-0.10) = 2.005

D4 = 2.005(1-0.10) = 1.805

D5 = 1.805(1+0.05) = 1.895

Next, find the Present values of each dividend;

PV (D1) = 2.475 /1.12 = 2.2098

PV (D2) = 2.228/1.12² = 1.7761

PV (D3) = 2.005/1.12³ = 1.4271

PV (D4) = 1.805/1.12^4 = 1.1471

Next find PV of constant growing dividends

PV (D5 onwards) = $\frac{\frac{ 1.895}{0.12-0.05} }{1.12^{4} }$

PV (D5 onwards) = 17.2044

Next, sum up these PVs to find the price of the stock;

2.2098 + 1.7761 + 1.4271 + 1.1471 + 17.2044 = $23.76

Yes, you would be interested in buying the stock at $20 because it's underpriced. It's actual intrinsic value is $23.76

3 0

3 years ago

You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a ve

soldi70 [24.7K]

Answer:

A.You should go home and watch TV.

Explanation:

You should go home and watch TV because it is the activity that represents the highest value of the three.

It means that it is also the activity that has the lowest opportunity cost among the three, because any other alternative is less valuable to you.

7 0

4 years ago