Entries by Hannah Wangui

Which of the following describes the distinguishing properties of a normal distribution?

Which of the following describes the distinguishing properties of a normal distribution? /> Select one: a. Its middle 50% is within 1.33 standard deviations of its mean b. Its measures of central tendency are all equal c. 99.7% of its values are contained within three standard deviations of its mean d. All of the above   Looking for […]

 

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Creative Solutions Company, a computer consulting firm

InstructionCreative Solutions Company, a computer consulting firm, has decided to write off the $11,750 balance of an account owed by a customer, Wil Treadwell. On December 31, journalize the entry to record the write-off, assuming that (a) the direct write-off method is used and (b) the allowance method is used. Refer to the Chart of Accounts for exact wording […]

 

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Determine the amount of sales

Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 95,850 units at a price of $99 per unit during the current year. Its income statement for the current year is as follows: Sales  $9,489,150Cost of goods sold  4,686,000Gross profit  $4,803,150Expenses:   Selling expenses$2,343,000  Administrative expenses2,343,000  Total […]

 

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May 24 Sold merchandise on account to Old Town Cafe $18,450

InstructionsMay 24 Sold merchandise on account to Old Town Cafe $18,450.The cost of goods sold was $11,000. Sept.30 Received $6,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec.7 Reinstated the account of Old Town Cafe that had been written off on September 30 and […]

 

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