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Taya2010 [7]
3 years ago
14

A random telephone survey of 1052 adults (aged 18 and older) was conducted by opinion research corporation on behalf of complete

tax, an online tax preparation and e-filing service. The survey results showed that 649 of those surveyed planned to file their taxes electronically.
Business
1 answer:
vredina [299]3 years ago
3 0

Answer: See explanation

Explanation:

Your question isn't complete but here is it.

a. Develop a descriptive statistics that can be used to estimate the percentage of all taxpayers who file electronically.

This will be:

= 649/1052 × 100%

= 61.69%

b. The survey reported that the most frequently used method for preparing the tax return is to hire an accountant. If 60% of the people have their tax return prepared this way, how many people used an accountant?

This will be:

= 60% × 1052

= 60/100 × 1052

= 0.6 × 1052

= 631.2

= 631 people

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4 0
2 years ago
QS 7-13 Note receivable interest and maturity LO P4 On December 1, Daw Co. accepts a $36,000, 45-day, 10% note from a customer.
asambeis [7]

Answer and Explanation:

The journal entries are shown below:

1. Interest Receivable $300($36,000 ×  10% x 30 ÷ 360)  

         To Interest Revenue $300

(Being accrued interest revenue is recorded)

2. Cash $36,450

          To Interest Receivable A/c $300

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6 0
3 years ago
A. On April 1, the company hired an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the
Cerrena [4.2K]

Answer:

Apr 30

Dr Legal fees expense $2,000

Cr Legal fees payable $2,000

May 12

Dr Legal fees payable $2,000

Cr Cash $2,000

Apr 30

D Interest expense $2,559

Cr Interest payable $2,559

May 20

Dr Interest expense $5,118

Dr Interest payable $2,559

Cr Cash $7,677

Apr 30

Dr Salaries expense $3,200

Cr Salaries payable $3,200

May 03

Dr Salaries expense $4,800

Dr Salaries payable $3,200

Cr Cash $8,000

Explanation:

Preparation of the adjusting journal entries to prepare financial statements as of April 30 and the subsequent entry during May to record payment of the accrued expenses.

Apr 30

Dr Legal fees expense $2,000

Cr Legal fees payable $2,000

May 12

Dr Legal fees payable $2,000

Cr Cash $2,000

Apr 30

D Interest expense $2,559

Cr Interest payable $2,559

May 20

Dr Interest expense $5,118

($7,677- $2,559)

Dr Interest payable $2,559

Cr Cash $7,677

Apr 30

Dr Salaries expense $3,200

($8,000*2/5)

Cr Salaries payable $3,200

May 03

Dr Salaries expense $4,800

($8,000*3/5)

Dr Salaries payable $3,200

($8,000*2/5)

Cr Cash $8,000

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The answer is C. Delegation.
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4 0
3 years ago
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