Answer:
No net affect: There is both an increase in Assets and a decrease in Assets
Explanation:
The journal entry is as follows
Inventory Dr $2,000
To Cash $2,000
(Being the inventory is purchased for cash is recorded)
This journal entry states that the inventory is purchased for cash. The inventory is purchased that increases the asset and on the other side the cash is paid for the purchase of increased which decrease the asset
So, there is no impact on the asset side or accounting equation
Answer: the correct answer is D
Explanation:
Answer:
The opportuniy cost is the cost of forgoing one alternative.
In this case, the opportunity cost of Task B is the value of Task C, which is $50,000.
This is because the owner has hired two managers, one to do Task A, and another to do Task B, which leaves Task C unattended.
The answer is D. Neither A or B
Answer:
n = 100 customers
X = 80 who paid at the pump
A) the sample proportion = p = X / n = 80 / 100 = 0.8
we can definitely state that 80% of the customers paid at the pump.
B) if we want to determine the 95% confidence interval:
z (95%) = 1.96
confidence interval = p +/- z x √{[p(1 - p)] / n}
0.80 +/- 1.96 x √{[0.8(1 - 0.8)] / 100}
0.80 +/- 1.96 x √{(0.8 x 0.2) / 100}
0.80 +/- 1.96 x √{(0.8 x 0.2) / 100}
0.80 +/- 1.96 x 0.4
0.80 +/- 0.0784
confidence interval = (0.7216 ; 0.8784)
C) We can estimate with a 95% confidence that between 72.16% and 87.84% of the customers pay at the pump.
