Answer all questions and show all working: A religious research center in a popular city conducted a study to observe the extent to which residents of the city participate in Lenten fasting. 56% percent of those surveyed were Christians. 54% of all respondents fasted for Lent of which 25.926% were not Christians. Assuming that the study was unbiased, what is the probability that a randomly […]

Prepare in proper form a Statement of Changes in Shareholders’ Equity for the year ended December 31, 2019 On October 31st, 2019, the company declared $30,000 cash dividends. The dividends were paid on February 12, 2020. On February 15th, 2019, the company declared a 20% common stock dividends when market share price was $30. The shares were distributed on November 15th, 2019 when market share […]

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eston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 374,660 Completed and transferredto the Mixing Department ? Materials 585,210 Conversion 375,114 Inventory, May […]

This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $73,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) $ 1,200 Interest paid on accumulated student loans 2,840 Cost of purchasing […]