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3 years ago

Find the Mean of 18, 24, 17, 21, 24, 16, 29, 18

Business

2 answers:

dexar [7]3 years ago

5 0

Answer:

20.875

Explanation:

18+24+17+21+24+16+29+18=167/8=20.875

jolli1 [7]3 years ago

5 0

Answer:20.875

Explanation:18+24+17+21+24+16+29+18=167/8=20.875

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You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.

cricket20 [7]

Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

6 0

3 years ago

Accrued Vacation Pay A business provides its employees with varying amounts of vacation per year, depending on the length of emp

Elena L [17]

Answer:

On Jan 31

Vacation pay expense Dr $8,900

To vacation payable $8,900

(Being the vacation expense is recorded)

Explanation:

The journal entry is as follows

On Jan 31

Vacation pay expense Dr $8,900

To vacation payable $8,900

(Being the vacation expense is recorded)

The computation is shown below:

= Estimated amount of the current year's vacation pay ÷ total number of months in a year

= $106,800 ÷ 12 months

= $8,900

For recording this transaction we debited the vacation expense as it increased the expenses while at the same time it also increased the liabilities so the vacation payable is credited

6 0

4 years ago

Simon owns stock that has declined in value since acquired. He has decided either to give the stock to his nephew, Fred, or to s

Rudiy27

Answer:

It appears on the surface that Simon must give the stock to Fred and let Fred sell it, because Fred is in the higher tax bracket (i.e., 22% compared to Simons 12%). But for gift property, the basis of loss to the donee is the lower of (1) the adjusted basis of the donor, or (2) the amount of fair market value (FMV) on the date of the gift. Thus as Fred cannot take benefit of the loss, Simon must sell the stock, deduct the realized loss, and sales proceeds should be given to Fred.

When Simon sells the stock and handover the sale proceeds to Fred, in that case the capital gain received from the stock's sale will be taxed on Simon as per his tax bracket. The transfer of sale proceeds to Fred will not have any impact on tax.

8 0

3 years ago

The current exchange rate between the U.S. dollar and the Japanese yen is 120120 (yen/$). That is, 1 dollar can buy 120120 yen

Drupady [299]

Answer:

$ 8.33

Explanation:

Rate of dollars to yen

120 yen is to 1 dollars

1000 yen will be to 1000 yen × 1 dollars / 120 = $ 8.33

7 0

4 years ago

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Acco

Marta_Voda [28]

Answer:

Sigmon Inc.

1. Accounts receivable turnover = Sales/Average accounts receivable

20Y3 = 8.49x

20Y2 = 7.75x

2. Number of days sales in receivables = 365/Accounts receivable turnover

20Y3 = 43 days

20y2 = 47.1 days

3. The collection of accounts receivable has improved from 47.1 days to 43 days. This can be seen in both the in accounts receivable turnover and the in the collection period.

Explanation:

a) Data and Calculations:

Terms of all sales are 2/10, n/45

20Y3 20Y2 20Y1

Accounts receivable, end of year $710,000 $630,000 $565,000

Sales on account 5,691,000 4,628,500

Average accounts receivable 670,000 597,500

1. Accounts receivable turnover = Sales/Average accounts receivable

20Y3 = 8.49x ($5,691,000/$670,000)

20Y2 = 7.75x ($4,628,500/$597,500)

2. Number of days sales in receivables = 365/Accounts receivable turnover

20Y3 = 43 days (365/8.49)

20y2 = 47.1 days (365/7.75)

4 0

3 years ago