Answer:
Explanation:
The journal entry to record the given transaction is shown below:
Cash A/c Dr XXXXX
To Common stock A/c XXXXX
(Being the issuance of the common stock is recorded)
The accounting equation is
Total Assets = Total liabilities + Stockholder equity
Cash Increased = No effect + Increased
Therefore, the cash account and the common stock is increased.
Right-skewed with potential outliers.
<h3>What are outliers?</h3>
An outlier is an observation in a population-based random sample that deviates abnormally from other values. In a way, this definition defers to the analyst's (or a consensus process') judgment as to what constitutes aberrant behavior.
a value in a set of data that "lies outside" (is much smaller or greater than) the majority of the other values. For instance, both 3 and 85 are "outliers" in the scores 25, 29, 3, 32, 85, 33, 27 and 28.
It's worthwhile to read Outliers. It entertains you, questions the status quo, and provokes thought. It helps you become more aware of your surroundings and the effects that culture and the environment have on your ability to succeed.
To learn more about outliers from the given link:
brainly.com/question/26958242
#SPJ4
Answer:
Present value (PV) = $100,000
Number of years (n) = 12 years
Future value (FV) = $240,000
FV = PV(1 + r)n
$240,000 = $100,000(1 + r)12
<u>$240,000</u> = (1 + r)12
$100,000
2.4 = (1 + r)12
12√2.4 = 1 + r
1.0757 - 1 = r
0.0757 = r
r = 0.0757 = 7.57% = 8%
Explanation:
In this case, we need to apply the formula for future value of a lump sum (single investment). The present value, future value and number of years have been provided in the question with the exception of interest rate. Thus, interest rate becomes the subject of the formula,which implies that we will solve for interest rate.
Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
