Explanation:
The journal entries are as follows
a.
Merchandise Inventory A/c $254,500
To Accounts payable A/c $254,500
(Being merchandise purchased on credit)
b.
Account payable Dr $30,000
To Merchandise inventory $30,000
(Being the merchandise returned is recorded)
c.
Account payable Dr $224,500 ($254,500 - $30,000)
To Cash $224,500
(Being the payment of the invoice is recorded)
Answer and Explanation:
The journal entry is shown below:
Peter ($174,000 - ($66,000 ÷ 2)) $141,000
Chong ($162,000 - ($66,000 ÷ 2)) $129,000
To Cash $270,000
(Being the distribution should be recorded)
For this the capital accounts are debited as it reduced the stockholder equity and credited the cash as it also decreased the assets
Some managers set long-term goals and define strategies to achieve them. These are top level managers.
<h3>Top-level management
comprises:</h3>
- CEO
- Director of Operations
- Information Director
- Administrative Director
- Senior Executive
<h3 /><h3>Roles of top-level managers:</h3>
They exercise company governance, that is, they direct organizational systems in order to achieve the objectives and goals established for a company to be well positioned and profitable in the market.
Therefore, the top management of a company must be composed of visionary leaders who adapt to internal and external business conditions, seeking the best solutions for the business demand.
Find out more information about top-level managers here:
brainly.com/question/7151206
Answer:
The probability is 1.
Explanation:
Despite that the he distribution is positively skewed, the distribution of sample means of one-bedroom apartments will still be a a normal distribution based on Central Limit Theorem.
Since we have
μ = mean = 2200
SD = standard deviation = 250
n = sample size = 50
Therefore,
Standard error = SD ÷ √n
= 250 ÷ √50
= 250 ÷ 7.07106781186548
= 35.3553390593274 approximately 35.36
Standardize xbar to z = (xbar - μ) ÷ (SD ÷ √n)
Therefore, we have:
P(xbar > 1,950) = P(z > (1,950 - 2200) ÷ 35.36)
= P(z > - 250 ÷ 35.36)
= P(z > -7.07) = 1
Therefore, the probability of selecting a sample of 50 one bedroom apartments is 1 which can be said to be certain.
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