Answer and Explanation:
The preparation of sales journal is shown below:-
Date Account Invoice Account Cost of
Debited Number Receivable Dr. Good Sold Dr.
Sales Cr. Inventory Cr.
May-07 J. Dryer 5704 1,566 1,080
May-12 R. Lamb 5705 432 270
May-25 T. Taylor 5706 707 450
Therefore, only credit sales of merchandise inventory is included while rest of the transactions is not relevant in sales Journal.
What type of skew is observed in this histogram?
<span><span> symmetry</span><span> zero skew </span><span> negative skew</span><span> positive skew
</span></span>
The correct answer is
A) An increase in international shipping has led to more pollution.
The use of ambiguous language to conceal the truth or to avoid committing oneself; prevarication.
The accounting rate of return for this investment given its income, cost of the machine and the salvage value is 8.05%.
<h3>What is the accounting rate of return?</h3>
The accounting rate of return is a capital budgeting method used to determine the level of profitabiliy of an investement.
Accounting rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
Average book value = (59700 - 7500) / 2 = $21,600
Accounting rate of return = $2100 / 21600 = 8.05%
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