Blog

The nurse prepares to complete screenings in the elementary setting. Which statement about school screenings is correct? 

Connemara Company acquired an adjacent lot to construct a new warehouse, paying $400,000 and giving a short-term note for $300,000. Legal fees paid were $15,000, delinquent taxes assumed were $8,000, and fees paid to remove an old building from the land were $27,000. Materials salvaged from the demolition of the building were sold for $5,000. A contractor was paid $1,000,000 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.

Marble Company purchased equipment on January 1, 2020 for $90,000. The residual value is estimated to be $10,000, and the company plans to use the equipment for five years. Using straight-line depreciation, calculate the net book value of the equipment on December 31, 2020 after depreciation has been recorded.

ABC Company issued a $100,000, 10%, six-month, note on January 1, 2020.  What effect would the payment of principal and interest at maturity on July 1 have on ABC company’s accounting equation?

Which of the following would be considered a revenue expenditure?

ABC Company issues $100,000 of 6%, 5-year bonds at face value on January 1.  The market rate of interest when the bonds are issued is also 6%.  What effect does the issuance of the bonds on January 1 have on ABC Company’s accounting equation?

What effect does the payment of a cash dividend have on the accounting equation?

Binomial ProbabilityIn a certain college, 33% of the physics majors belong to ethnic minorities. If 10 students are selected at random from the physics majors, what is the probability that no more than 6 belong to an ethnic minority?

Identify which of the 5 sampling techniques is being used. The names of 70 contestants are placed in a bag and three names are picked from the bag.

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p. Of 226 employees selected randomly from one company, 10.62% of them commute by carpooling. Construct a 90% confidence interval for the true percentage of all employees of the company who carpool.