The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7 comma 500 pizza sales per​ month, b

Answer:

The estimated 90% confidence interval for the average depth of all frames in the consignment ranges from a lower boundary of 105.419 mm to an upper boundary of 106.581 mm.

Explanation:

The confidence interval for the mean is calculated as mean +/- margin of error (E)

mean = 106 mm

sample sd = 3.5mm

n is the sample size = 100

degree of freedom = n-1 = 100-1 = 99

confidence level (C) = 90% = 0.9

significance level = 1 - C = 1 - 0.9 = 0.1 = 10%

the critical value (t) for 99 degrees of freedom at a 10% significance level is 1.6602

E = t × sample sd/√n = 1.6602×3.5/√100 = 0.581 mm

Lower limit of mean = mean - E = 106 - 0.581 = 105.419 mm

Upper limit of mean = mean + E = 106 + 0.581 = 106.581 mm

The 90% confidence interval is (105.419 mm, 106.581 mm)

The definitions are accurately paired with their corresponding terms

Explanation:

1. Operating cycle - C. The duration necessary to procure goods or services from suppliers, distribute them to customers, and collect payment from those customers.

2. Accrual basis accounting- B. Record expenses when they are incurred to generate revenue.

3.  Retained Earnings = Beginning Retained Earnings + Net Income - Dividends Declared -  J. This represents the equation from the income statement.

4. Unearned revenue - F. This asset account captures cash paid in advance of incurred expenses.

5. Revenues - Expenses = Net Income - L. This is known as the retained earnings equation.

6. Expenses  - I. Record revenues when received and expenses when they are disbursed.

7. Prepaid Expenses  -  A. To report the longevity of a business over shorter periods.

8. Gains  - E. These are increases in assets or reductions in liabilities resulting from peripheral transactions.

9. None of these are accurate

Conclusion: Peter has a remaining amount of $1.25 after he covers the service expenses.

Reasoning:

The total cost for 5/6 of a month amounts to (5/6)*$10.5= 0.83333*$10.5

= $8.75

Thus, the difference between his initial funds and his expense for the service will result in his change.

Change = $10.5-$8.75

=$ 1.25.

I hope this response was helpful.

Answer:

Simmons Consulting Co

General Journal

Oct 1

Rent Expense $4,800 (debit)

Cash $4,800 (credit)

Paid Rent Expense

Oct 3

Advertising expense $2,500 (debit)

Cash $2,500 (credit)

Paid Advertising Expense

Oct 5

Supplies  $1,390 (debit)

Cash $1,390 (credit)

Paid for Supplies

Oct 6

Office equipment $10,670 (debit)

Office Equipment Accounts Payable $10,670 (credit)

Purchased Office Equipment on credit

Oct 10

Accounts Receivable $19,730 (debit)

Cash $19,730 (credit)

Received payment from accounts

Oct 15

Cash $59,480 (debit)

Accounts Payable $59,480 (credit)

Made payment to Accounts Payable

Oct 27

Miscellaneous Expenses $530 (debit)

Cash $530 (credit)

Paid for Miscellaneous Expenses

Oct 30

Utilities expense $220 (debit)

Cash $220 (credit)

Paid for telephone bill

Oct 31

Cash $538,620 (debit)

Fees Earned $538,620 (credit)

Cash received for Fees Earned

Oct 31

Utilities expense $1,540 (debit)

Cash $1,540 (credit)

Paid for electricity bill

Oct 31

Drawings $56,700 (debit)

Cash $56,700(credit)

Cash drawings by owner

Explanation:

I have prepared the journals and their explanations, see above.