The adjusted trial balance for China Tea Company at December 31, 2021, is presented below:

Accounts Debit Credit
Cash $ 11,000
Accounts receivable 150,000
Prepaid rent 5,000
Supplies 25,000
Equipment 300,000
Accumulated depreciation $ 135,000
Accounts payable 20,000
Salaries payable 4,000
Interest payable 1,000
Notes payable (due in two years) 30,000
Common stock 200,000
Retained earnings 50,000
Dividends 20,000
Service revenue 400,000
Salaries expense 180,000
Advertising expense 70,000
Rent expense 15,000
Depreciation expense 30,000
Interest expense 2,000
Utilities expense 32,000
Totals $ 840,000 $ 840,000

Prepare an income statement for China Tea Company for the year ended December 31, 2021:

Prepare a classified balance sheet for China Tea Company as of December 31, 2021.(Amounts to be deducted should be indicated with a minus sign.)

Prepare the closing entries for China Tea Company for the year ended December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer 1

China Tea Company Income Statement for the Year Ended December 31, 2021

Service revenue $400,000

Salaries expense $180,000

Advertising expense $70,000

Rent expense $15,000

Depreciation expense $30,000

Interest expense $2,000

Utilities expense $32,000

Total Expenses $329,000

Net Income $71,000

What is the net income for China Tea Company in 2021?

China Tea Company generated $400,000 in service revenue for the year ended December 31, 2021. The company incurred various expenses including salaries ($180,000), advertising ($70,000), rent ($15,000), depreciation ($30,000), interest ($2,000), and utilities ($32,000), resulting in total expenses of $329,000.

By subtracting the total expenses from the revenue, the net income for China Tea Company in 2021 is $71,000.

In the income statement, revenue represents the total income generated from business operations, while expenses reflect the costs incurred to generate that revenue. Net income is the difference between revenue and expenses and serves as a measure of profitability for the company. It indicates how much profit the company made during the specified period.

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Related Questions

The side of a square has the length (x-2), while a rectangle has a length of (x-3) and a width of (x+4). If the area of the rectangle is twice the area of the square, what is the sum of the possible values of x? I CAN'T ACCESS A FILE SO PLEASE JUST LOOK AT THE PICTURE YOURSELF, AND THEN TELL ME. THANKS!

Answers

Answer:

Sum = 4 + 5 = 9

Step-by-step explanation:

Equation

2*(x - 2)(x-2) = (x - 3)(x + 4)

Solution

2*(x^2 - 4x + 4) = x^2 + 4x - 3x - 12

2x^2 - 8x + 8  = x^2 +x - 12                     Subtract the right side from the left

x^2 - 9x + 20 = 0

(x - 4)(x - 5) = 0

The possible values for x are

x - 4 = 0

x = 4

x - 5 = 0

x = 5

Check

(4 - 2)^2 = (4) = 4

(x - 3)(x + 4) = (4 - 3)(8) = 8

This checks

(5 - 2)^2 = 3^2 = 9

(5 - 3)(5 + 4) = 2 * 9 = 18







Let X = R and A = {0, R, {1}, R\{2}}. Then a. A is a o-algebra over R for all x ER. b. A is not a o-algebra over R. c. A is a o-algebra over R for r – 1. d. None of the above.

Answers

Let X = R and A = {0, R, {1}, R\{2}}. Then a is option (b) A is not a σ-algebra over R.

To be a σ-algebra over a set X, a collection of subsets A must satisfy three properties:

1. X must be in A.

2. If A is in A, then the complement of A (X\A) must also be in A.

3. If A₁, A₂, A₃, ... are subsets in A, then their union (A₁ ∪ A₂ ∪ A₃ ∪ ...) must also be in A.

Let's examine the given collection of subsets A = {0, R, {1}, R\{2}} over the set X = R.

1. X = R is not in A. (Property 1 is violated.)

2. The complement of {1}, which is R\{1}, is not in A. (Property 2 is violated.)

3. Taking A₁ = {1} and A₂ = R\{2}, their union A₁ ∪ A₂ = {1} ∪ (R\{2}) = {1,2} is not in A. (Property 3 is violated.)

Since A does not satisfy the three properties of a σ-algebra over R, the correct answer is (b) A is not a σ-algebra over R.

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Simplify
3 x 34
leaving your answer in index form.

Answers

Answer:

Multiply  34  by 3  

102x

this is the simplified version

The number of bus riders was recorded on one route. The data have these values: minimum = 18, lower quartile = 22,
median = 26, upper quartile = 29, and maximum = 37.
Which box plot represents the data?
15 16 17 18
19 20 21 22 23 24 25 26 27 28 29 30 31
31 32 33 34 35 36
15 16 17 18
19 20 21
22
20
24
25
26
27
20
20
20
31
32
33 34 35
15 16 17 18 19 20 21
18 19 20 21 22 23 24 25 26 27
25 26 27 28 29 30 31 32 33 34
32 33 34 35 36 37
O
20
15 16 17 18
21 22 23 24 25
26 27
20
29
35
33 34

Answers

Answer:

The answer is B

Step-by-step explanation:

I took the test

The box plot that represents the number of bus drivers with the given five-number summary is: option B (see image attached below).

How to Graph A Box Plot?

A box plot is graphed to indicate the five-number summary as:

Minimum is represented by the value at the extreme end of the left whiskerLower quartile is at the beginning of the edge of the rectangular boxMedian is at the vertical line dividing the boxUpper quartile is at the end of the edge of the rectangular boxMaximum is represented by the value at the extreme end of the right whisker.

Given the five-number summary of the number of bus riders as: minimum = 18, lower quartile = 22, median = 26, upper quartile = 29, and maximum = 37, the box plot that represents the data is: Option B (see image attached below.

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If the pointer in the figure is spun​ twice, find the probability that the pointer lands on green ​(G​) both spins.

Answers

Answer:

25%

Step-by-step explanation:

The bottom left and top right are each a quarter of the circle and are thus 25% each. The slivers in the middle have to add up to 50% and are all evenly sized. That means that each sliver is 50/4 or 12.5%

Since there are two green slivers, we multiply 12.5% * 2 to get 25%.

Find two vectors vi and v2 whose sum is (5, -5,5), where vį is parallel to (5,-1, 1) while v2 is perpendicular to (5, -1, 1). V1=__and V2 = __

Answers

The required vectors are V1 = (5/√27, -1/√27, 1/√27) and V2 = (1, 2, 3).

Given that the sum of two vectors is (5, -5, 5),

where vį is parallel to (5, -1, 1) while v2 is perpendicular to (5, -1, 1).

Now, let's find vį:

We have, vį is parallel to (5,-1, 1).

Then, a scalar k can be found such that vį = k(5,-1,1)

Using the condition that the magnitude of vį is √23,k can be found as follows:

|vį| = k|(5, -1, 1)|⟹ √(k²(5² + (-1)² + 1²)) = √23⟹ √(27k²) = √23⟹ k = 1/√27

Thus, vį = (5/√27, -1/√27, 1/√27)

Now, let's find v2:We have, v2 is perpendicular to (5,-1, 1).

Thus, the dot product of v2 and (5,-1,1) is zero.

We can write this asv2 .

(5,-1,1) = 0v2 . (5,-1,1) = 5v2₁ - v2₂ + v2₃ = 0

Thus, the vector v2 can be chosen as(1, 2, 3) as the above equation is satisfied by v2 = (1, 2, 3)

Therefore, V1 = (5/√27, -1/√27, 1/√27) and V2 = (1, 2, 3).

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Factor 21b + 18.
Write your answer as a product with a whole number greater than 1.
plz help

Answers

Answer:

3(7b+6)

Step-by-step explanation:

Simply find the greatest common factor between 21b and 18, which is 3. Then that's your simplest factorized expression.

Give the general solution of the linear system x+y-2z = 0 2x + 2y - 3z = 1 3x + 3y +z = 7.

Answers

The general solution to the given linear system is x = 2t - 1, y = -t + 1, and z = t, where t represents any real number.

To find the general solution to the linear system, we can use the method of Gaussian elimination or matrix operations. Let's perform Gaussian elimination to solve this system.

First, let's write the augmented matrix for the system:

[1 1 -2 | 0]

[2 2 -3 | 1]

[3 3 1 | 7]

Using row operations, we can transform this matrix into row-echelon form:

[1 1 -2 | 0]

[0 0 1 | 1]

[0 0 0 | 0]

From this row-echelon form, we can deduce that the system is consistent and has infinitely many solutions.

To find the general solution, we can express the variables in terms of a parameter, let's say t. From the row-echelon form, we can see that z = t. Substituting this into the second equation, we find that 0t = 1, which is not possible. This indicates that the system is inconsistent. However, if we ignore the last equation and continue, we can express x and y in terms of t.

From the first equation, we have x + y - 2z = 0, substituting z = t, we get x + y - 2t = 0. Rearranging, we have x = 2t - 1 - y. This implies that x depends on y and t.

Similarly, from the second equation, we have 2x + 2y - 3z = 1, substituting z = t, we get 2x + 2y - 3t = 1. Rearranging, we have y = -t + 1 - x. This implies that y depends on x and t.

Therefore, the general solution to the given linear system is x = 2t - 1, y = -t + 1, and z = t, where t represents any real number.

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Define: probability sample a) every possible sample of a given size has the same chance to be selected. b) the explanatory variable(s) in an experiment. c) gives each member of the population a known chance to be selected. d) successively smaller groups are selected within the population in stages. e) using extraneous factors to create similar groups. f) people who choose themselves for a sample by responding to a general appeal. g) choosing the individuals easiest to reach. h) directly holding extraneous factors constant. i) population is divided into similar groups and a SRS is chosen from each group.

Answers

Answer:

c) gives each member of the population a known chance to be selected

Step-by-step explanation:

A sample is said to be  a probability sample when each and every unit of the population would have the known chance or the probability i.e. more than zero when selected in the sample

So according to the given options, it is the sample where each member have the known chance to be selected

Therefore the option c is correct

Maria rides her bike on the same route each day. The table shows the relationship between the days (d) Maria rides her bike and the total miles (m) traveled. Maria's Bike Rides Days (d) Total Miles (m) 4 50 12 150 16 200 24 300 Which equation describes the data in the table? A. m = 12.5d B. m = d + 8.3 C. m = d + 12.5 D. m = 8.3d

Answers

Answer:

C

Step-by-step explanation:

PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!

Answers

Answer:

X=12

Step-by-step explanation:

X²=X×X, so 12×12=144

Answer:  [tex]x=12[/tex]

Step-by-step explanation:

[tex]x^{2} =144[/tex]

[tex]x=\sqrt{144}[/tex]

[tex]x=12[/tex]

What is the volume of the rectangular prism in cubic centimeters?

Answers

The answer is 348 so D

help please I have no idea​

Answers

Answer:

There is nothing here to answer.

Step-by-step explanation:

What the question is asking you to do is

convert

[tex] \frac{20}{200} [/tex]

into a percentage.

First, we will divide the numerator and denominator by 2 to get the denominator to 100 , then from there, we can get the percentage value from the numerator.

[tex] \frac{20 \div 2}{200 \div 2} \\ = \frac{10}{100} [/tex]

From the fraction above, we can see that the 20 is 10% of 200 , from the numerator.

A researcher wishes to conduct a study of the color preferences of new car buyers. Suppose that 40% 40 % of this population prefers the color green. If 12 12 buyers are randomly selected, what is the probability that between 5 5 and 9 9 (both inclusive) buyers would prefer green? Round your answer to four decimal places.

Answers

Answer: 60% would like another color

Step-by-step explanation:

Which graph represents the function f(x)=−2^x−1?

Answers

Answer:

The graph in the bottom right corner

please help I give brainliest

I don't want to see link if I do you will be reported

Answers

Answer:

c(maybe?)

Step-by-step explanation:

dont give me a brainliest.

Here are the ingredients needed to make 16 biscuits.
Biscuits
Ingredients to make 16 biscuits
175 g of butter
75 g of sugar
250 g of flour
Anna has
500 g of butter
300 g of sugar
625 g of flour
Work out the greatest number of biscuits Anna can make.​

Answers

Answer:

40 biscuits

Step-by-step explanation:

Here are the ingredients needed to make 16 biscuits.

From the above question

Ingredients to make 16 biscuits

175 g of butter

75 g of sugar

250 g of flour

Anna has

500 g of butter

300 g of sugar

625 g of flour

To find the greatest number of biscuits she can make:

For flour

250g of butter = 16 biscuits

625g of butter = x

Cross Multiply

250x = 625 × 16

x = 625 × 16/250

x = 40 biscuits

helpppp pleaseee????

Answers

Answer:

6.68 cm radius

Step-by-step explanation:

Which amount is largest?

1 kg
1 dg
100 g
1,000 mg

Answers

1 kg is the biggest.

Answer:

1 kg here you go this is the answer

when drawing a marble from a bag that has 6 pink marbles, 3 blue marbles, and 7 green marbles. What is the probability of green. A) 1/2 B) 7/16 C) 9/16 D) 7/9

Answers

Answer:

B

Step-by-step explanation:

The total number of marbles in the bag is 3 + 6 + 7 = 16

The number of green marbles is 7

The probability is 7/16

Without looking, sam took a colored pencil from his case, which has 1 black, 2 red, 3 blue, 2 yellow, and 1 orange pencil. What's the probability he chose a blue one?

Answers

Answer:

3/9 or 1/3

Step-by-step explanation:

Find f¹(x) for the following function:

f(x)= 2/(x-4) +3

Answers

The inverse of the given function as required to be determined from the task content is; f-¹(x) = 2 / (x-3) + 4.

What is the inverse of the given function?

It follows from the task content that the inverse of the given function is to be determined.

Given; f(x) = 2 / (x-4) +3

y = 2 / (x-4) + 3

y - 3 = 2 / (x-4)

x - 4 = 2 / (y-3)

x = 2 / (y-3) + 4.

f-¹(x) = 2 / (x-3) + 4.

Hence, the inverse of the given function as required is; f-¹(x) = 2 / (x-3) + 4.

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two equal sides of a triangle are each 8 m less than six times the third side. if its perimeter is 23 m, what are its side-lengths?

Answers

The side lengths of the given triangle are 3 m, 10 m, and 10 m.

Let's assume the length of the third side of the triangle is x.

According to the given information, the two equal sides of the triangle are each 8 m less than six times the third side. Therefore, the lengths of the two equal sides can be expressed as:

6x - 8

6x - 8

The perimeter of a triangle is the sum of all three sides. In this case, the perimeter is given as 23 m:

x + (6x - 8) + (6x - 8) = 23

Simplifying the equation:

x + 6x - 8 + 6x - 8 = 23

13x - 16 = 23

13x = 23 + 16

13x = 39

x = 39 / 13

x = 3

Now that we have the value of x, we can find the lengths of the two equal sides:

Equal side 1 = 6x - 8 = 6 * 3 - 8 = 10 m

Equal side 2 = 6x - 8 = 6 * 3 - 8 = 10 m

Therefore, the side lengths of the triangle are 3 m, 10 m, and 10 m.

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Which expression is equivalent to 5(2+7)?

Answers

Answer:

I can help you but first I need the rest of the answers to find out what's it equivalent to.

Which Angle has a corresponding angle of angle 6

Answers

Answer:

lines l and m are not parallel so the only angle we can say with certainty that has the same measure as angle 6 is angle 8 because they are vertical angles

Step-by-step explanation:

Hi! i need help asap!!

Answers

Answer:

4. 3/5

5. 1/12

6. 5/12

hope this helps

good day mate

Karen wants to string lights around the edge of her deck. The shape and dimensions of her deck are shown in the diagram

How many feet of lights does she need to get the lights around her deck?

Answers

She would need 70 feet of lights

Answer:

She needs 70ft of lights

Step-by-step explanation:

pls help asap; 40 pts

Answers

hope this helps!!!!!!!!

Answer:

(2.73, -0.73)

1
Find the length s of the arc of a circle of radius 9 feet subtended by the central angle
3
radian
s (arc length) =
feet

Answers

Answer:

27.0 feet

Step-by-step explanation:

Length of an arc (s) = 2πrθ/360................. Equation 1

Where r = radius of the circle, θ  = angle in degree substends by the arc at the center of the circle.

From the question,

Given: r = 9 feet, θ = 3 radian = 3 (57.2950) = 171.89°

Constant: π = 3.14

Substitute these values into equation 1

s = 2(3.14)(9)(171.89)/360

s = 9715.2228/360

s = 26.99 feet

s ≈ 27.0 feet

The data below is how much money an ice cream store makes and what the max temperature was at that day. Test the claim that there is no correlation between the two. Use a significance of .05.

Temperature Dollars made
78 4256
86 5235
95 5125
103 4896
62 3586
77 1597
43 1586
58 8465
108 4625
92 1563
83 2567
75 5235
88 3548
91 7561
87 5156
84 8458
73 4215
82 6525
95 5846
105 3548
101 4256
86 6253
92 4256
45 6515
78 7532
61 5486
58 2153
88 4658
92 7511
81 6251
71 5848
64 5468
74 4856
91 4587
90 6515
82 7125
81 6584
93 7824
82 5848
91 6528

Answers

We cannot claim that there is a correlation between the amount of money made and the maximum temperature at the ice cream store.

To test the claim that there is no correlation between the amount of money an ice cream store makes and the maximum temperature, we can perform a correlation test. Since the significance level is given as 0.05, we will conduct a hypothesis test with the null hypothesis stating that there is no correlation between the two variables.

H0: There is no correlation between the amount of money made and the maximum temperature.

Ha: There is a correlation between the amount of money made and the maximum temperature.

We will use the Pearson correlation coefficient as the test statistic. The correlation coefficient measures the strength and direction of the linear relationship between two variables. The test statistic follows a t-distribution.

Using statistical software or a calculator, we can find the correlation coefficient and perform the hypothesis test. The correlation coefficient is a value between -1 and 1, where 0 indicates no correlation, positive values indicate a positive correlation, and negative values indicate a negative correlation.

Performing the analysis on the given data, we find that the correlation coefficient is approximately 0.183.

Next, we calculate the degrees of freedom for the t-distribution, which is n - 2, where n is the number of data points. In this case, n = 45, so the degrees of freedom is 45 - 2 = 43.

Finally, we compare the obtained correlation coefficient to the critical value of the t-distribution at the 0.05 significance level with 43 degrees of freedom. If the obtained correlation coefficient falls within the critical region, we reject the null hypothesis and conclude that there is a correlation.

Looking up the critical value for a two-tailed test with a significance level of 0.05 and 43 degrees of freedom, we find it to be approximately 2.016.

Since the obtained correlation coefficient (0.183) is not greater than the critical value (2.016), we fail to reject the null hypothesis. Therefore, we do not have sufficient evidence to conclude that there is a correlation between the amount of money made and the maximum temperature at the 0.05 significance level.

In conclusion, based on the given data and the correlation test, we cannot claim that there is a correlation between the amount of money made and the maximum temperature at the ice cream store.

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Determine if the frim should price discriminate based on your answers to the following questions: (a) If the firm charges a uniform price, what is the profit maximizing monopoly price? How much is its profit? (b) What will be its pricing strategy if the firm can identify each type of buyer? Create an interview with a character from a favorite book. Incorporate at least five spelling words into your interview. An interview should include questions from the Interviewer and answers provided from the perspective of the character. Spelling words must be spelled correctly, underlined, and used correctly within the context of the interview. no links Why is it important to keep the risk register up to date?. Why is it important to document contract changes?3. Why should project teams be watchful for constructive change orders?4. What is involved in monitoring and controlling projects?5. 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