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daser333 [38]
3 years ago
13

In a group of five individuals, two report annual incomes of $10,000, and the other three report incomes of $14,000, $15,000, an

d $31,000, respectively. The mode of this group's distribution of annual incomes is
Business
1 answer:
ahrayia [7]3 years ago
4 0

Answer:

$10,000

Explanation:

The computation of the mode of the group distribution is as follows:

Given that

Tow report annual incomes is $10,000

And, the other three report incomes are $14,000, $15,000 and $31,000

Based on the above information, the mode is $10,000 as the mode is the measure of the central tendency where the value is appear many times or in frequent times

Hence, the $10,000 is the answer

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When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business p
Alex Ar [27]

Answer:

The right answer is 3. False financial statement

Explanation:

When a company gives statements about its processes that are different from those that are occurring inside it, it is considered false and misleading information. In the case of the previous approach as provided in the brochures that your financial situation is the best, we consider the answer 3 as correct since this information does not match what actually happens. therefore, in a false information.

3 0
2 years ago
), AP At the end of its first year, the trial balance of Wolowitz Company shows Equipment $30,000 and zero balances in Accumulat
Sliva [168]

Based on the depreciation balances and the equipment, the adjustments to the T-accounts and the Balance sheet will be:

Date               Account title                                                Debit         Credit

December 31  Depreciation expense                           $3,750

                      Accumulated depreciation on                                    $3,750

                      equipment

                                                    T account

                                    Depreciation expense Equipment

                                                                    December 31                  $3,750

                                                 T account

                                   Accumulated Depreciation on Equipment

                                                                    December 31                  $3,750

                                             Balance sheet presentation

Assets

Property, Plant, and Equipment:

Equipment                                                            $30,000

Less: Accumulated depreciation                   <u>        ($3,750)         </u>

      Equipment (Net book value)                                                  <u>  $26,250</u>

<h3>What are the entries?</h3>

Depreciation of $3,750 will be debited to the depreciation expense account. The accumulated depreciation account will be credited by the same amount.

In the balance sheet, the equipment value will be reduced by the depreciation amount to $26,250.

Find out more on depreciation at brainly.com/question/1287985.

3 0
2 years ago
Who influences how much liquidity is created or reduced in the u.s. economy?
GarryVolchara [31]
During a recession, the Federal Reserve, charged with regulating the nation's economy, adds money to the system to make credit more easily available. Easy credit results in greater economic activity as businesses and individuals borrow to finance purchases and operations. This is called the liquidity effect in economics. Economist Milton Friedman coined the term "liquidity effect" in 1969 to describe how expansionary monetary policy affects three elements of the economy: interest rates, income and inflation.
4 0
3 years ago
Which of the following would not be considered an advantage of a sole proprietorship
kicyunya [14]

Answer:

The correct answer is option B, Proprietor is responsible for his own health insurance.

Explanation:

A sole proprietor is a person who runs a business on his own. He is responsible for all the profits and losses incurred to the business. He runs the business alone. He is the sole decision maker. He himself is responsible for everything happening within the business. He is the sole owner and thus is responsible for the employees' health insurance, gratuity, social security, etc. Being the only owner, he also should be responsible for his own health insurance as well.

4 0
3 years ago
Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cre
salantis [7]

Answer:

$49,000 is the amount of cash collection from the credit sales

Explanation:

In this question, we are asked to calculate the amount of cash collections that a company will include in its cash budget for the second month from the credit sales.

To compute this, we need to calculate the percentage of credit sales in the previous month and the amount of credit sales in the present month.

We proceed as follows;

Let’s calculate for the month of the sales; that would be; 60% of $42,000 = 60/100 * 42,000 = $25,200

In the previous month, we have 35/100 * 68,000 = $23,800

We add these values to yield ; 25,200 + 23,800 = $49,000

8 0
3 years ago
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