Answer and Explanation:
The adjusting entries are shown below:
a. Salaries expense Dr $1,400
To Salaries payable $1,400
(being salaries expense is recorded)
b. Interest expense ($40,000 × 12% × 1 ÷12) $400
To interest payable $400
(being interest expense is recorded)
c. Account receivable Dr $3,000
To Service revenue $3,000
(being revenue is recorded)
These 3 entries should be recorded
C: all the physical tools and equipment used in the production process. That would be the answer
Answer:
Explanation:
Experiments were performed for 240 people, 60 people test positive.
Step 1: we calculate the sample proportion; p= 60/240= 0.25.
Step 2: calculate the standard error for the sample, which is the square root of sample proportion,p = p(1-p)/n, n=100
0.25(1-0.25)/100
= 0.04.
Step 3: calculate the test statistics; assuming the hypothesis test percentage is 25%
Then, we say 0.25-1=0.75
-0.75/0.04
= -1.875.
In particular, the sample results are -1.875 standard error.
Probability of Z is less than -1.875.
Look up it value in the Z table
Answer:
1500
Explanation:
Breakeven point is the number of units produced and sold where net income is art on it is where revenue equals cost.
The formula for calculating break even points = F / (P - V)
F = fixed cost
P = price
V = variable cost per unit
$270,000 / ($600 - $420) = 1500
I hope my answer helps you
Answer:
Option (B) is the right answer.
Explanation:
According to the investment company Act of 1940, the investment companies are those companies whose main business is to gathers investment capital to invest them in marketable securities.
Hence According to the scenario, the most appropriate answer is option (B).
While the other option is incorrect because of the following reason:
- Brokers/dealers can not be considered as an investment company because they are not the company.
- Pooled investments in metals are not an investment company but considered as the commodity pool.
- Insurance companies are also not investment companies.
