On January 1, 2024, Wright transportation sold four school buses to the Elmira School District. In exchange for the buses, Wright received a note requiring payment of $521,000 by Elmira on December 31,2026. The effective interest rate is 7%.
1. How much sales revenue would Wright recognize on January 1, 2024 for this transaction?
2. Prepare journal entries to record the sale of merchandise on January 1, 2024. (Omit any entry that might be required for the cost of the goods sold), the December 31,2024, interest accrual, the December 31,2025, interest accrual, and receipt of payment of the note on December 31,2026.

Answers

Answer 1

Using the given data we know that the sales revenue that Wright recognize on January 1, 2020, is $456108.

What is sales revenue?

Net sales, as used in bookkeeping, accounting, and financial accounting, refer to operating revenues received by a business from the sale of its goods or provision of its services.

They are directly recorded as Sales or Net sales on the income statement and are also referred to as revenue.

The net sales formula is rather simple in profit and sales transactions: net sales = gross sales - (return values + discount losses + sales taxes + allowances).

So, the sales revenue in the given situation would be:

According to the provided data, the sales revenue will be determined as follows:

= Value of note × PVF of receivable

= $528000 × 0.8638

= $456108

Therefore, using the given data we know that the sales revenue that Wright recognize on January 1, 2020, is $456108.

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Correct question:

On January 1, 2021, Wright Transport sold four school buses to the Elmira School District. In exchange for the buses, Wright received a note requiring payment of $534,000 from Elmira on December 31, 2023. The effective interest rate is 6%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.). How many sales revenue would Wright recognize on January 1, 2020, for this transaction?


Related Questions

I really need help with this two please help to find x value and explain with reasons ​

Answers

In the first triangle, the angle x = 45°

In the second triangle, the angle y = 75°

In the second triangle, the angle x = 45°

How to find the angles in the triangles?

To find the angles in the triangles, we proceed as folows.

a. In the first triangle, let the base angle to the left be p. We know that we have a parallelogram there.

Now, in the parallelogram,

102° + p = 180°sum of (interior angles of a parallelogram)

So, p = 180° - 102°

= 78°

Now, in the larger triangle,

x + p + 57° = 180° (sum of angles in a triangle)

Since p = 78°, we have that

x + 78° + 57° = 180°

x + 135° = 180°

x = 180° - 135°

= 45°

So, x = 45°

b. In figure 2, we have two isoceles triangles.

i. In the first triangle, both base angles are y.

So, y + y + 30° = 180° (sum of angles in atriangle)

2y + 30° = 180°

2y = 180° - 30°

2y = 150°

y = 150°/2

y = 75°

So, y = 75°

ii. In the second triangle also, both base angles are x and the other angle is a right angle which is 90°.

So, x + x + 90° = 180° (sum of angles in a triangle)

2x + 90° = 180°

2x = 180° - 90°

2x = 90°

x = 90°/2

x = 45°

So, x = 45°

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look at the picture below

Answers

The surface area of the composite solid is given as follows:

194 units squared.

What is the surface area of a rectangular prism?

The surface area of a rectangular prism of height h, width w and length l is given by:

S = 2(hw + lw + lh).

This means that the area of each rectangular face of the prism is calculated, and then the surface area is given by the sum of all these areas.

The prism in this problem is composed as follows:

Rectangular prism of dimensions 4, 7 and 3.Two right triangles of dimensions 4 and 3.One square of side length 5.One rectangle of dimensions 5 and 7.

Hence the surface area of the prism is given as follows:

S = 2(4 x 7 + 4 x 3 + 3 x 7) + 4 x 3 + 5² + 5 x 7

S = 194 units squared.

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Word problem down below: Fairly easy.

Answers

Based on the word problem, the answer is not one of the given options (E. NOTA).

How to explain the word problem

In this case, we have 9 letters and we want to select all of them, so n = 9 and r = 9. Therefore:

A = 9!

A = 362,880

B) The hypotenuse of a right triangle can be found using the Pythagorean theorem:

c^2 = a^2 + b^2

In this case, we have a = 9 and b = 12. Therefore:

c^2 = 9^2 + 12^2

c = 15

So, B = 15.

y - 9 = 3(x - 6)

y - 9 = 3x - 18

y = 3x - 9

The y-intercept of this line is -9, so C = -9.

Therefore, A + B + C = 362,880 + 15 - 9 = 362,886.

So the answer is not one of the given options (E. NOTA).

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which of the following equations can be used to find the misssing angle x in triangle 42

Answers

The equation in the triangle to find x is x + 84 = 180.

Option B is the correct answer.

We have,

The sum of the angles in a triangle is 180.

And,

42 + 42 + x = 180

84 + x = 180

x = 180 - 84

x = 96

Thus,

The equation in the triangle to find x is x + 84 = 180.

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Is (2, 3) a solution to this system of equations?
y = -2x + 7
y = x + 1
yes
no

Answers

To determine if (2, 3) is a solution to the system of equations y = -2x + 7 and y = x + 1, we need to check if the values of x and y in the point (2, 3) satisfy both equations.

For the point (2, 3), we have x = 2 and y = 3. Substituting these values into the first equation, we get:

y = -2x + 7
3 = -2(2) + 7
3 = 3

This equation is true, so the point (2, 3) satisfies the first equation.

Substituting x = 2 and y = 3 into the second equation, we get:

y = x + 1
3 = 2 + 1
3 = 3

This equation is also true, so the point (2, 3) satisfies the second equation.

Since the point (2, 3) satisfies both equations in the system, we can conclude that it is a solution to the system. Therefore, the answer is yes.

Answer:

Yes.

Step-by-step explanation:

(2, 3) means we'll let x be 2 and y be 3. Let's solve both equations first:

y = -2x + 7

3 = -2(2) + 7

3 = -4 + 7

:. 3 = 3

Okay, so one half is proven. Let's do the other half now.

y = x + 1

3 = 2 + 1

3 = 3

:. (2,3) is a solution to the system of equations.

What is the equation in point-slope form of the line that passes through the points (7,5) and (−4,−1) ? Responses y+1=67(x+4) y plus 1 equals fraction 6 over 7 end fraction left parenthesis x plus 4 right parenthesis y+1=611(x+4) y plus 1 equals fraction 6 over 11 end fraction left parenthesis x plus 4 right parenthesis y+4=116(x+1) y plus 4 equals fraction 11 over 6 end fraction left parenthesis x plus 1 right parenthesis y−1=611(x−4)

Answers

The line that goes through the specified points has the equation into point-slope form is  [tex]y+1=6/11(x+4)[/tex].

What is a straight line equation?

X-axis points equal (7, -4).

Y-axis points are equal to (5, -1).

To determine the equation of the line passing through the specified points in point-slope form:

A straight line equation's direction and steepness are commonly described by its slope, which is also known as a line's gradient.

In mathematics, the following formula yields the slope of a line:

Slope(m) = [tex]y2-y1/x2-x1[/tex]

slope= [tex]\frac{-1-5}{-4-7}[/tex]

slope= 6/11

To find point slope:

[tex]y-y1=m(x-x1)\\y-(-1)=6/11(x-(-4)\\y+1=6/11(x+4)[/tex]

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A rectangular container has a square base with an area of 25 square inches. The container had a height of 4 inches. What is the volume, in cubic inches, of the container?

Answers

The volume of the container is 100 cubic inches.

how can we calculate the volume of a rectangle?

The volume of a rectangular container is calculated by multiplying its base area by its height. Since the base of the container is square with an area of 25 square inches, the length of each side of the square base is the square root of 25, which is 5 inches.

Therefore, the volume of the container can be calculated as follows:

Volume = Base Area × Height

Volume = 25 square inches × 4 inches

Volume = 100 cubic inches

So, the volume of the container is 100 cubic inches.

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The total cost of 10 sharpeners and 2 books is $26.10. if the cost of a sharpener is $a, and a book is $1.95 more expensive, find a.

Give your answer to two decimal places.​

Answers

Therefore, a sharpening costs Dollar 1.85.

what is dollar

The US, Canada, Australia, and some nations in the Pacific, Caribbean, Southeast Asia, Africa, and South America all use the dollar as their primary unit of exchange. The word "$" is used to denote it.

Let's use $a for the sharpener's price. We can state that the price of a book is $a + 1.95 because it costs $1.95 more than a sharpening.

We are aware of the $26.10 total cost of 10 sharpeners and 2 books. This can be expressed as an equation:

10a + 2(a + 1.95) = 26.10

If we simplify this equation, we get:

12a + 3.90 = 26.10

3.90 less from each side results in:

12a = 22.20

By multiplying both sides by 12, you get:

a = 1.85

Therefore, a sharpening costs $1.85.

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Find the measure of angle A.
A
8x + 2
10x - 4
38°

Answers

Answer:

8x + 2 + 10x - 4 + 38 = 180

18x + 36 = 180

18x = 144, so x = 8

Angle A measures 8(8) + 2 = 64 + 2 = 66°.

A checkout clerk at a department store is expected to complete 16 transactions every hour.
In the past 20 minutes, he completed 6 transactions.
Choose True or False for each statement.

Statements:

If the clerk continues at the same rate, he will meet his goal of 16 transactions in 1 hour.

At his current rate, the clerk will complete 12 transactions in 1 hour.

At his current rate, the clerk will complete 9 transactions every half hour.

If the clerk continues at this rate for a 6-hour shift, he will complete 96 transactions.

Answers

✓ - True If the clerk continues at the same rate, he will meet his goal of 16 transactions in 1 hour.

       ➜ This is true. The clerk is currently going at 6 transactions per 1/3 hours. 6 * 3 = 18, and 18 > 16.

✗ - False At his current rate, the clerk will complete 12 transactions in 1 hour.

       ➜  This is false. As stated above, he will complete 18.

✓ - True At his current rate, the clerk will complete 9 transactions every half hour.

       ➜ Let us set up a proportion to check. Then we will cross-multiply and solve.

[tex]\frac{20\;min}{6} =\frac{30\;min}{x}[/tex]

180 = 20x

x = 9

       ➜ Yes, he will complete 9 every half hour.

✗ - False If the clerk continues at this rate for a 6-hour shift, he will complete 96 transactions.

       ➜  We can utilize a proportion again. 6 hours is equal to 360 minutes. Then, we will cross-multiply and solve.

[tex]\frac{20\;min}{6} =\frac{360\;min}{x}[/tex]

20x = 2,120

x = 106

       ➜ He will complete 106 transactions, not 96. It depends on if they're asking for exactly 96 or at least 96.

A production manager at a wall clock company wants to test their new wall clocks. The designer claims they have a mean life of 17 years with a variance of 16 . If the claim is true, in a sample of 43 wall clocks, what is the probability that the mean clock life would be less than 17.9 years? Round your answer to four decimal places.

Answers

There is a 0.9830, or 98.30%, probability that the mean clock life will exceed 12.5 years.

What is probability?

Probability is a metric used to express the possibility or chance that a particular event will occur.

Probabilities can be expressed as fractions from 0 to 1, as well as percentages from 0% to 100%.

Probability is simply the possibility that something will happen. When we don't know how something will turn out, we can talk about the possibility of one outcome or the likelihood of several.

The study of events that fit into a probability distribution is known as statistics.

So, the likelihood that the average clock life would exceed 12.5 years:

This is the p-value of Z when X = 12.5 subtracted by 1.

So,

Z = X - μ/σ

Z = 12.5 - 14/.07071

Z = -2.12

Z = The pvalue for -2.12 is 0.0170.

1 - 0.0170 = 0.9830

The likelihood that the mean clock life will be longer than 12.5 years is 0.9830, or 98.30%.

Therefore, there is a 0.9830, or 98.30%, probability that the mean clock life will exceed 12.5 years.

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Complete question:

A production manager at a wall clock company wants to test their new wall clocks. The designer claims they have a mean life of 14 years with a variance of 25. If the claim is true, in a sample of 50 wall clocks, what is the probability that the mean clock life would be greater than 12.5 years? Round your answer to four decimal places.

Find the measure of x in circle C shown below.




x =


(50 points will give brainiest for effort)

Answers

The measure of the value of x in the circle given is calculated as equal to: x = 12.

How to Find the Measure of x in the Circle?

A semicircle is a two-dimensional shape that is half of a circle, consisting of a curved boundary or arc and a diameter or straight line segment that connects the two endpoints of the arc. This is always equal to 180 degrees.

Therefore, we have the equation:

12x + 6 + 3x - 6 = 180

Combine like terms:

15x = 180

Divide both sides by 15

x = 180/15

x = 12

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A particle moving in the horizontal direction has its position given by x(t). Find the expression for the velocity.

Ignore the pencil writing and red pen, just answer the printed answer.

Answers

The expression for the velocity is v(t) = 30m/s

Expression for the Velocity calculation

(a) x(t) = 30t

The velocity is the derivative of the position function with respect to time:

v(t) = dx/dt

Since x(t) = 30t, we have:

v(t) = d/dt (30t)

= 30

So the expression for velocity is v(t) = 30 m/s.

(b) x(t) = 7sin(30)

The velocity is the derivative of the position function with respect to time:

v(t) = dx/dt

Since x(t) = 7sin(30), we have:

v(t) = d/dt (7sin(30))

= 7cos(30) * d/dt (30t)

= 3.5cos(30)

So the expression for velocity is v(t) = 3.5cos(30) m/s.

(c) x(t) = ecos(701)

The velocity is the derivative of the position function with respect to time:

v(t) = dx/dt

Since x(t) = ecos(701), we have:

v(t) = d/dt (ecos(701))

= -e sin(701) * d/dt (701t)

= -701e sin(701t)

So the expression for velocity is v(t) = -701e sin(701t) m/s.

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The diagram below not drawn to scale. Shows a triangle ABC which represent; the cross-section of a roof. BD is the perpendicular to ADC. Calculate the A) length= BD
B) measure of angle CBD
c) area of triangle ABC
d) bearings of B and C ​

Answers

Answer) : B measure of angle CBD

Step-by-step explanation: BD is perpendicular to ADC now we know that there is no scale so all you have to do is measure the length and we gat that answer.

Can you prove this trigonometric identity?

tan1/2x(2cotx+tan1/2x)=1

Answers

The trigonometric identity has been proven as 1 in the space below

How to prove the identity

Given the identity:

tan(1/2x) (2cot(x) + tan(1/2x)) = 1

To prove this identity, let's start by expressing cot(x) in terms of tan(x):

cot(x) = 1 / tan(x)

Now, replace cot(x) in the given identity:

tan(1/2x) (2(1/tan(x)) + tan(1/2x)) = 1

Now, let's use the double angle formula for tan(x):

tan(x) = 2 * tan(1/2x) / (1 - tan^2(1/2x))

Replace tan(x) in the equation:

tan(1/2x) (2(1/(2 * tan(1/2x) / (1 - tan^2(1/2x))) + tan(1/2x)) = 1

Simplify the equation:

tan(1/2x) ((1 - tan^2(1/2x)) + tan(1/2x) * tan(1/2x)) = 1

Now, notice that the expression in the parentheses is equal to 1:

(1 - tan^2(1/2x)) + tan^2(1/2x) = 1

So, we can simplify the equation further:

tan(1/2x) * 1 = 1

This directly leads us to the original identity:

tan(1/2x) = 1

Thus, the trigonometric identity is proven.

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The___is the sum of the lengths of the sides of a closed figure. A-apothem B-area C-total D-perimeter

Answers

Answer: D-perimeter

Step-by-step explanation: The sum of the lengths of all the sides of a closed figure is called its perimeter.

Answer:

Perimeter

Step-by-step explanation:

The sum of the lengths of all the sides of a closed figure is called its perimeter.

Can someone help me?

Answers

The surface area of the triangular prism is 235 cm²

How to solve an equation?

An equation is an expression that uses mathematical operations to show how numbers and variables are related to each other.

The surface area of a triangular prism is gotten by adding the individual area of each surface.

For the triangular prism shown:

Surface area = 2(1/2 * 10 cm * 12 cm) + (10 cm * 5 cm) + 2(13 cm * 5 cm) = 235 cm²

The surface area is 235 cm²

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A normal distribution has a mean of19 and a standard deviation of . What percent of values are from 19 to 34
what is the % of the values from 19to 34

Answers

It should be noted that 49.87% of the values fall between 19 and 34 in the original normal distribution.

How to calculate the percentage

For the lower bound of 19, the z-score is:

z = (19 - 19) / 5 = 0

For the upper bound of 34, the z-score is:

z = (34 - 19) / 5 = 3

Looking up the area under the curve for a z-score of 3 in a standard normal distribution table, we find it to be 0.9987. Looking up the area under the curve for a z-score of 0, we find it to be 0.5. Therefore, the area under the curve between z-scores of 0 and 3 is:

0.9987 - 0.5 = 0.4987 = 49.87%

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Can anybody help me on the question.

ASAP

Answers

The hanger in the illustration will have the value x = 6, and it will remain balanced.

Define equations?

Mathematical expressions with two algebraic expressions on either side of the equals (=) sign are called equations. It demonstrates the equality of the expressions printed on the left and right sides. We have LHS = RHS (left hand side = right hand side) in each mathematical equation. To determine the value of an unknown variable that stands in for an unknown quantity, equations can be solved.

Here's the query,

Considering the graph,

The hanger's equation is as follows:

4x= 24

There are 4 numbers here that represent the value of the hanger.

So, x+x+x+x will be 24.

The equation is thus:

4x = 24.

Now, by resolving the equation, we can determine the value of x that balances the hanger:

4x = 24.

When you divide 4 on both sides:

x = 24/4

x = 6.

As a result, the hanger will remain in equilibrium for x = 6.

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(07.03 MC)
Given the function h(x)=-2√x +3-1, which statement is true about h(x)?

Answers

Given the function h(x) = -2√(x + 3) - 1, the statement that is true about h(x) include the following: B. the function is decreasing on the interval (-3, ∞).

What is a decreasing function?

For any given function, y = f(x), if the output value (range or y-value) is decreasing when the input value (domain or x-value) is increased, then, the function is generally referred to as a decreasing function.

For any given function, y = f(x), if the output value (range) is increasing when the input value (domain) is increased, then, the function is generally referred to as an increasing function.

By critically observing the graph of the given function, we can reasonably infer and logically deduce that it is decreasing over the interval (-3, ∞).

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Is (3, 5) a solution to this system of equations?
y = 5
Y= -5/3x+10

yes
no

Answers

Yes, (3, 5) is a solution to this system of equations.

How do you calculate the equation system?

The system has a single solution if the m-values of the two equations differ. The system has no solution if the two equations have the same m-value but distinct b-values.

Substituting x = 3 and y = 5 into the equations, we get:

y = 5 (which is already given)

y = (-5/3)x + 10

y = (-5/3) * 3 + 10

y = -5 + 10

y = 5

Therefore, both equations are satisfied by the point (3, 5), making it a solution to the system of equations.

Yes, (3, 5) is a solution to this system of equations.

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Substitute the supplied value and simplify both sides of the equation, if necessary. Then decide if the supplied value is or is not a solution.

m + 2(m + 1) = 14 {4}

Answers

The equation simplifies to 14 = 14, which is a true statement.

What is the purpose of the equation?

In mathematics, an equation  is defined as a set of numbers that contains operations and may contain a variable. Equations are used to solve for these unknown variables  using various operations such as addition, subtraction, multiplication and division.

Replacing m by 4, we get:

m + 2 (m + 1) = 14

4 + 2 (4 + 1) = 14

4 + 2(5) = 14

4 + 10 = 14

14 = 14

The equation simplifies to 14 = 14, which is a true statement. Therefore, the given value 4 is a solution to Eq.

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When Joann and Shana were counting the amount of money they had in their wallets, the total was at least$56 and at most $85. If Shana has only in her wallet, which of the following inequalities represents all possible values for the amount of money, j, that Joann has?

Answers

The inequality that represents all possible values for the amount of money that Joann has is 21 ≤ J ≤ 50.

What inequalities represents values for the amount of money that Joann has?

Let's call the amount of money that Joann has in her wallet "J" and the amount of money that Shana has in her wallet "S".

We know that the total amount of money they have is at least $56 and at most $85. Therefore, we can write two inequalities:

J + S ≥ 56 (the total is at least $56)

J + S ≤ 85 (the total is at most $85)

We also know that Shana has only $35 in her wallet. We can substitute this value for S in the inequalities to get an inequality that represents all possible values for the amount of money that Joann has:

J + $35 ≥ 56 (substituting S = $35 in the first inequality)

J + $35 ≤ 85 (substituting S = $35 in the second inequality)

Simplifying these inequalities by subtracting $35 from both sides, we get:

J ≥ 21 (the amount of money Joann has is at least $21)

J ≤ 50 (the amount of money Joann has is at most $50).

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Is (-2, 10) a solution to this system of equations?
y = -4x + 2
y = -6x - 2
yes
no

Answers

The answer is yes
To find the look at the following procedures
Y=-4x+2
Let -2 be x and 10 be y
10=-4(-2)+2
10=8+2
10=10
For the second equation
Y=-6x-2
10=-6(-2)-2
10=12-2
10=10

Please give me branliest please

Answer:

Yes

Step-by-step explanation:

(-2, 10)

x = -2

y = 10

y = -4x + 2

Substitute or plug in the x and y values

10 = -4(-2) + 2

Multiply(remember a negative times a negative is a positive)

10 = 8 + 2

Add

10 = 10

Because ten is equal to ten (-2, 10) is a solution for this part

Now take your next equation and repeat the same steps

y = -6x - 2

10 = -6(-2) - 2

10 = 12 -2

10 = 10

(-2, 10) is  a solution to this system of equations

Square Root Property

Answers

1. 9(18)^2=324 the first problem is that you multiply 9 by 18 twice then you add and you will get your answer

What is m∠a?

A straight angle divided by a ray into two angles. The smaller angle has a measure of 50 degrees.
40°
50°
90°
130°

Answers

The answer is 130 degree
To find the answer look at the procedures
X+50 degree=180 degree
X=180 degree-50 degree
X=130 degree

b) d=22,4 mm d) d= 7 km f) r=0,5 hm h) r= ² kr km 3 C≈ C≈ C≈ C≈​

Answers

The height is 230 feet after 9.125 seconds.

How do we calculate?

We have the  equation that describes the height of the object as a function of time as:

h(t) = -16t^2 + 145t + 2

We input the values and simplify:

-16t^2 + 145t + 2 = 230

-16t^2 + 145t - 228 = 0

we can use the quadratic formula, to solve this quadratic equation,

t = (-b ± √(b^2 - 4ac)) / 2a

where a = -16, b = 145, and c = -228.

t = (-145 ± √(145^2 - 4(-16)(-228))) / 2(-16)

t = (-145 ± √ (21025)) / (-32)

t = (-145 ± 145) / (-32)

t = 0.625 seconds or t = 9.125 seconds

In conclusion, the height is 230 feet after 9.125 seconds.

#complete question:

An object is thrown upward at a speed of 145 feet per second by a machine from a height of 2 feet off the ground. The height h of the object after t seconds can be found using the equation

When will the height be 230 feet?


URGENT Complete the table.
It is in the image below


Answers

Answer:

Step-by-step explanation:

Step-by-step explanation:

4=2×2

8=2×4

12=2×6

16=2×8

20=2×10

24=2×12

if 8 out of 12 marbles in a bag are green, what is the probability that a marble selected at random from the bag will NOT be green?​

Answers

Answer:

The Probability that a marble selected at random from the bag will NOT be green is 1/3

Step-by-step explanation:

The probability of selecting a green bag

                                            = Total No.of green bags/ Total number of bags

                                           =8/12

                                          = 2/3

Then the probability not of selecting a green bag  

                                                = 1 - The probability of selecting a green bag

                                                 = 1-(2/3)

                                                = 1/3

In Math town,60% of the population are males and 30% of them have brown eyes. Of the total math town population 28 % have brown eyes. What percentage of the females in math town have brown eyes?

Answers

25% percent of the females in Math town have brown eyes. To find the number of females with brown eyes, we need to subtract the number of males with brown eyes from the total number of people with brown eyes

what is percent  ?

A percent is a way of expressing a number as a fraction of 100. The symbol for percent is %, which means "per hundred".

In the given question,

Let's assume that there are 100 people in Math town.

60% of them are males, so there are 60 males and 40 females.

Out of the 60 males, 30% have brown eyes, so there are 18 males with brown eyes.

28% of the entire population have brown eyes, so there are 28 people with brown eyes.

To find the number of females with brown eyes, we need to subtract the number of males with brown eyes from the total number of people with brown eyes:

28 - 18 = 10

So, there are 10 females with brown eyes.

Out of the 40 females in Math town, what percentage have brown eyes?

10 brown-eyed females out of 40 females is:

10/40 = 0.25 or 25%

Therefore, 25% of the females in Math town have brown eyes.

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