Answer:
The correct answer is D
Explanation:
The journal entry which is to be posted on December 31, is as:
Rent receivable A/c............................Dr $4,400
Rent Earned A/c...............................Cr $4,400
As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).
Answer:
0.0139
Explanation:
Given that:
The number of sample (n) = 21
The sample distribution has mean (μ) and a standard deviation of σ/√n
The z score is given as (x - mean)/ standard deviation
x = 94.8 wpm, let us assume that σ = 10 and μ = 90
Therefore: z = (x - μ) / (σ/√n) = (94.8 - 90) / (10/√21) = 2.2
To calculate the probability using Z table:
P(X>94.8) = P(Z>94.8) = 1 - P(Z<94.8) = 1 - 0.9861 = 0.0139
The probability is low that is less than 0.05, the program is more effective than the old one.
Answer:
$10,000
Explanation:
A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.
For Martinville, income will be calculated first before dividends are paid. Net income will be
=revenue - expenses
=$17,000 -$7,000
=$10,000
Balance in the Income Summary account was $10,000
Answer:
$16,667
Explanation:
Given that
Cash flows = $1,000
Growth rate = 6%
Interest rate = 12%
So by considering the above information, the amount would be
Amount = Cash flows ÷ (Interest rate - growth rate)
= $1,000 ÷ (12% - 6%)
= $16,667
We simply applied the above formula so that the amount could come by considering the given information
