Yes. very,,,,,,,,,,,,,,,,
Answer:
<em>The answer to the question is given below in the explanation section</em>
Explanation:
<em>From the question we recall the following</em>
<em>The mean: this is the the value at the center of the confidence interval which represents the quantity.</em>
<em>let Z* denotes when building the confidence level</em>
<em>]The mean = 289000, n = 36, standard deviation= 1342
</em>
<em>
Z* for 95% Confidence Interval = 1.96
</em>
<em>
The margin of error = 1.96*[1342/√(36)] = 438.39
</em>
<em>
The 95% Confidence Interval is given by:</em>
<em>
Lower CI = Mean - Margin of error = 289000 - 438.39 = 288561.61
</em>
<em>
Upper CI = Mean + Margin of error = 289000 + 438.39 = 289438.39
</em>
<em>When the sample is decreased to 20 Tesla owners, the confidence interval widens.</em>
<em />
Answer:
The correct answer is letter "B": Royalties.
Explanation:
In the world of business, royalty refers to a charge for the right to use the property of another entity, usually intellectual property such as copyright, patent or franchise. In the common royalty system, the property owner -<em>licensor</em>- licenses the licensee to use the property using a licensing agreement.
Answer:
a. Compare the details of cash receipts with journal entries.
b. Prepare a bank transfer schedule.
c. Confirm the terms of borrowing with the lenders agreement.
d. Send request to confirm the entity's account receivable balance.
e. Inspect payroll data of employees and cross check with the transaction recorded.
f. Obtain cut off bank statement to reconcile the transaction.
g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.
h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.
i. Inspect the payroll endorsements for similar handwriting.
Explanation:
Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.
Answer:
net income 5,600
Explanation:
a.- service revenue 3,500
b.- it do not affect the net income. Is trading one asset (cash) for another (equipment)
c.- it do not affect the income. It increase a liability (note payable) and an asset (cash)
d.- rent expense (900)
e.- it do not affect the net income. Is trading one asset (cash) for another (supplies)
f .- service revenue 3,000
net income = revenue - expenses
service revenue 3,500 + 3,000 = 6,500
rent expense (900)
net income 5,600
