This is from Blanksheet 9-5A. I need some help. Here is the transaction:
Oct. 2.Sold the truck purchased January 6, Year 2, for $16,750. (Record depreciation to date for Year 3 for the truck.)

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Expert Answer
The Depreciation charged on Delivery Truck for 9 months of Year 3 is $8,640.     So the Annual Depreciation on Truck sold is …
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Journal Shaded cells have feedback. X JOURNAL Score: 110/125 ACCO DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS ✓ Jul. 1° Delivery Truck 54,000.00 个 ✓ ✓ Cash 54,000.00 1 Oct. 2 Depreciation Expense-Delivery Truck 8,640.00 ✓ Accumulated Depreciation-Delivery Truck 8,640.00 ✓ Oct. 2 Cash 16,750.00 1 Loss on Sale of Delivery Truck 3,410.00 ✓ Delivery Truck Cash Adjusting Entries Dec. 31 Depreciation Expense-Delivery Truck 6,750.00 ✓ Accumulated Depreciation-Delivery Truck 6,750.00

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

Answer: conferring with supervisors, owners, contractors, or design professionals.

preparing contracts and negotiating revisions, changes, and additions to contracts

scheduling a project

Explanation:

According to O*NET, the tasks for Construction Managers include:

• conferring with supervisors, owners, contractors, or design professionals.

• preparing contracts and negotiating revisions, changes, and additions to contracts

• scheduling a project.

The construction manager must schedule a project, prepare contracts and meet up with every stakeholders regarding the project so that the project will be achievable.

Answer:

3

4

5

Explanation:

Answer:

Are the following,

Explanation:

what will be produced

how will it be produced

The English mathematician who advocated for the application of mathematics to the problem of ensuring the efficient use of facilities was George Dantzig.

George Dantzig is renowned for his groundbreaking work in the field of linear programming, which is a mathematical method for maximizing resource allocation and identifying the most advantageous answers to challenging situations requiring constraints.

Operations research and management science have greatly benefited from George Dantzig's work, notably in the area of streamlining logistical and operational procedures.

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Answer:

Answer:

I rather fight a tiger, because bears are quite dangerous when it comes to fighting. It could easily kill you in no second. Tigers can run faster than humans, Depending on which one. A bear has bigger claws I wouldn't mess with a bear. It's a quite hard question since bears and tigers can kill me anytime.

Answer: Tiger

Explanation: Honestly, bears are just bigger, meaner, and stronger than tigers. I feel like I'd have more of a fighting chance fighting a smaller more agile beast like a tiger, than a literal natueral tanky bear. Bears are known for just attacking bee nests and just ignoring the SWARM of bees attacking them, they're insane, the bear would just stroll toward me no matter what I do to it, while the tiger may be more tactical giving me some time to evaluate. So yeah, tiger all the way.

From the output in this linear regression, the best appropriate test statistic for the question is t= 0.50/0.037.

This is a statistical number that is usually gotten from the statistical testing of a research hypothesis.

The test statistic in this question is gotten by

t = Estimate/SE

SE = standard error

t =  0.50/0.037

Complete question:

A baseball enthusiast carried out a simple linear regression to investigate whether there is a linear relationship between the number of runs scored by a player and the number of times the player was intentionally walked. Computer output from the regression analysis is shown.

Let β represent the slope of the population regression line used to predict the number of runs scored from the number of intentional walks in the population of baseball players. A t-test for a slope of a regression line was conducted for the following hypotheses.

H0:β=0

Ha:β≠0

What is the appropriate test statistic for the test?

answer choices

t = 16/2.073

t = 16/0.037

t = 0.50/0.037

t = 0.50/2.073

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The demand curve, a graph that illustrates the law of demand, has the amount desired on the x-axis and the price on the y-axis. The law of demand states that demand curves are by definition downward sloping. A demand curve is a graphical representation of the demand schedule.

It demonstrates the relationship between an item's price and the quantity of that commodity that a consumer is willing to buy. The relationship between price and quantity desired for a single consumer is represented by the individual demand curve. The link between price and quantity desired by each market consumer is represented by the market demand curve.

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Answer:

11 years

Explanation:

PV= 54,118.54

FV= 210,000

I/Y= 10

PMT= 3000

N = ?

Number of years = N(Rate, -Pmt, -Pv, Fv)

Number of years = N(10, -3000, -54,118.54, 210,000)

Number of years = 10.9999949

Number of years = 11

Answer:

Explanation:

According to the bank statement for John Jones that can be found online. John was paid by direct deposit every 14 days (two weeks). Every two weeks John receives a total of $694.81 directly to his bank account and described as "Payroll Deposit - Hotel" which is most likely his job. Direct deposit is a feature that almost every employer has to automatically send an employee's earned income directly to their bank account at the same time every couple of weeks, sometimes twice a month and other times once a month.

Creating personal property from the fruits of your labor is commonly called "production."

Production is the process of transforming inputs or resources into goods or services through human effort and the application of technology. It involves the use of labour, capital and natural resources to create something of value. When individuals engage in productive activities, they use their skills, knowledge, and physical effort to produce goods or provide services.

The concept of creating personal property through labor is deeply rooted in economic theory and the principles of private property rights. It is based on the notion that individuals have the right to own and benefit from the results of their own work. This idea underlies the concept of economic incentives and the motivation of individuals to engage in productive activities.

By engaging in productive work, individuals can increase their personal wealth and accumulate assets. For example, a farmer grows crops through his labor and effort, resulting in the production of agricultural products that can be sold or consumed. Similarly, a craftsman uses his skills and labor to create handmade goods that can be sold in the market.

The creation of personal property through work is essential for economic growth and development. It promotes innovation, entrepreneurship and wealth accumulation. It also plays a key role in driving economic progress and improving living standards.

Collectively, the act of creating personal property through the fruits of your labor is called "production." It is a fundamental concept in economics that emphasizes the role of human effort and the transformation of inputs into valuable goods or services.

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Answer:

It will cost less to buy a $5 item in Canada than it will in the United States

Explanation:

if the exchange rate between the US Dollar and the canadian dollar is 1:1.3, then that menas that it would be easier to buy a commodity of $5 in canada as against buying in the US. This is because the price of the commodities will be affected by the exchange rate thus price making room for a 0.13

Cheers

Answer:

it is (C)

Explanation:

Needs and wants are essentially the little different things.

The necessities of daily life, such as food, clothing, and sleep, are what we consider to be necessities because without them, we cannot survive. In contrast, wants are the things that we desire occasionally. desire or want for items that enhance quality of life, such as a fancy car, a sofa set, a dining table, etc.

Need is defined as a requirement for survival and function. A desire is something that can improve your quality of life. According to these standards, a need entails access to food, clothing, shelter, and healthcare, whereas a want entails everything else.

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This reaction is caused in part by the focus on the moral codes that idealize respect, loyalty, and reciprocity in Asian cultures.

In many Asian cultures, the values of respect, loyalty, and reciprocity hold significant importance. Reciprocity refers to the expectation of mutual exchange and the obligation to repay others' kindness or favors. It involves the idea of giving and receiving in a balanced manner and maintaining harmonious relationships within the community.

When excessive promotion of U.S. products and values occurs in Asian markets, it can be perceived as a cultural invasion because it may be seen as a disregard for or disruption of the local cultural values, including the emphasis on reciprocity. The focus on individualism, religion, or competition may not align with the collective and interdependent nature of many Asian cultures, making reciprocity a key characteristic that contributes to the perception of cultural invasion.

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Explanation:

It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.

Answer:

The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.

Answer:

Avoid forwarding spam and unnecessary messages such as chain letters.

Explanation: did the test

The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.

An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.

It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.

When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.

Therefore, the use of formal languages and proper formats made the emails more accurate.

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Competition among the potential firms will likely result in a higher price for the licenses and potentially a more efficient allocation of resources.

When multiple firms compete for a monopoly license in a small tourist town, the demand for the limited number of licenses will likely drive up the price.

firm will try to outbid others to secure the exclusive right to operate as the only horse carriage service in the town. This competition can lead to an increase in the price of licenses.

Additionally, competition can lead to a more efficient allocation of resources. Firms competing for the monopoly license will strive to present the most competitive bids and demonstrate their ability to provide high-quality services. This competitive pressure can encourage firms to innovate, improve efficiency, and deliver better value to Customer .

However, it's important to note that operating as a monopoly may reduce competition in the market, potentially limiting consumer choices and leading to higher prices for carriage services. The impact of competition on prices and efficiency will depend on various factors, including the level of demand, the behavior of the firms, and any regulations or oversight in place.

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The class of fires that includes those caused by flammable liquids such as alcohol and diesel is Class B fires.

These are those fires that are caused by combustible liquids that are capable to spreading fire quickly.

The liquids include alcohol, gasoline, and diesel. Such fires and recommended to be best put out by smothering the flames.

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All the people in the Board of Directors for the trucking company can be said to be C. Inside directors.

A board member of a corporation or organization who is also a member of the management team or a significant stakeholder is known as an inside director. A company's top executives, such as the COO or CFO, or a representative of one of the largest shareholders, could both be inside directors. Outside directors are not workers, whereas inside directors are firm executives.

All the people in the board of directors work for the trucking company. They are presidents and executives and so they are inside directors.

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Answer:

$3,000

Explanation:

Based on the information given we were told that he has a PART-TIME JOB THAT WILL PAY him the amount of $3,000 this coming year which means that the amount he can contribute to a TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT for his first year in retirement will be the EARNED INCOME of the amount of $3,000 which will therefore be his maximum INDIVIDUAL RETIREMENT ACCOUNT (IRA) contribution for this year.

Answer:

The correct answer to the following question will be Option e (0 $ 200,000).

Explanation:

Residual dividend policy should be used for businesses that fund their capital needs by wealth earned at home. Such that, companies can make investments only if all investment requirements are satisfied by something like internal resources instead of moving to something like the marketplace.

Capital Budget = $2,000,000

Capital structure will be:

Debt = 40%    

Equity = 60%

Income = $1,000,000

So let us measure the balance of our Expected Debt and Equity first:

Debt = \(2,000,000 \times 40 \ percent\)

        = \(800,000\)

Equity = \(2,000,000\times 60 \ percent\)

           = \(1,2000,000\)

As we know our income will be $1,000,000.

Then maybe we can have been using our inner income of $1,000,000 to funding everyone's capital requirement of $1,2000,000.

So,

Residual amount = \(1,000,000 - 1,2000,000\)

                            = \(-200,000\)

This suggests that our organization has to sell upwards of $200,000 shares of assets and therefore will not be capable to afford to pay some distributions yet. So that option e would be the right answer.

For short-term forecasting, the most suitable method among the options provided is simple exponential smoothing. The correct answer is option A.

This technique is commonly used for short-term forecasts as it focuses on recent data and assigns exponentially decreasing weights to past observations.

It is based on the idea that the most recent observations in a time series are the most relevant for predicting future values.

The method involves calculating a weighted average of past observations, where the weights decrease exponentially as the observations get further into the past. The weights are determined by a smoothing parameter, which controls how much weight is given to past observations versus the current observation.

Simple exponential smoothing is particularly useful when the data exhibits a trend or seasonal pattern, as it can capture these patterns and make accurate predictions. However, it does have limitations, such as the inability to handle data with complex patterns or outliers.

Overall, simple exponential smoothing is a useful forecasting method for short-term forecasting that can provide accurate predictions with relatively little data. It is a good starting point for businesses that need to forecast demand, sales, or other time series data in the short term.

Therefore, the correct answer is option A. Simple exponential smoothing.

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Answer:

A business organization is an entity or firm that is formed to carry out commercial activities

A sole proprietorship is a business organization or entity owned by an individual only.

Population census is the official counting of a particular number of people living in a particular territory, region or country at a particular time for socio-economic, demographic, political purposes.

Answer:

Expenses

Explanation:

Answer:

This is true

Explanation:

With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.

By dividing the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost. For instance, if producing one unit of your product costs $60 and you produced 20 units, your total variable cost would be $60 x 20 or $1,200.

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost. For instance, if producing one unit of your product costs $60 and you produced 20 units, your total variable cost would be $60 x 20 or $1,200.

Therefore, By dividing the price to produce one unit of your product by the number of items you have created, you can determine the total variable cost.

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The account receivable for Year 2 and Year 3 is 8.8 and 9.4. As Raheem's accounts receivable turnover is lower than its competitor's turnover of 11, Raheem is performing worse.

To compute the accounts receivable turnover for Year 2 and Year 3, we will use the following formula:

Accounts Receivable Turnover = Net Sales / Average Accounts Receivable

Step 1: Calculate the average accounts receivable for Year 2 and Year 3.

Average Accounts Receivable = (Year 1 Accounts Receivable + Year 2 Accounts Receivable) / 2
= ($34,800 + $41,400) / 2
= $76,200 / 2
= $38,100

Average Accounts Receivable = (Year 2 Accounts Receivable + Year 3 Accounts Receivable) / 2
= ($41,400 + $44,800) / 2
= $86,200 / 2
= $43,100

Step 2: Calculate the accounts receivable turnover for Year 2 and Year 3.

Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
= $335,280 / $38,100
= 8.8

Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
= $405,140 / $43,100
= 9.4

Now, we will compare Raheem's accounts receivable turnover with its competitor's turnover of 11.

Raheem: 8.8
Competitor: 11

Raheem: 9.4
Competitor: 11

In both Year 2 and Year 3, Raheem's accounts receivable turnover is lower than its competitor's turnover of 11. This indicates that Raheem is performing worse at collecting receivables than its competitor.

Note: The question is incomplete. The complete question probably is: The following information is from the annual financial statements of Raheem Company. (1) Compute its accounts receivable turnover Year 2 and Year 3. ,(2) Assuming its competitor has a turnover of 11, is Raheem performing better or worse at collecting Receivable than its competitor?

Year 3. Year 2. Year 1

Net sales $405,140 $335,280. $388,000

Accounts Receivable, net ( year -end)

44,800. 41,400. $ 34,800

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