Use the following information to answer the next 3 questions... On August 1, 2020, Desert Company received cash in advance for services to be provided over the next 6 months. At the time, the bookkeeper credited a nominal account. The bookkeeper also forgot to record the adjusting journal entry at fiscal year end, December 31, 2020. She's new so they did some retraining, but now you have been brought in to assess the impact of this error on the reported financial statements. To record the appropriate adjusting journal entry that would have been required at December 31st, Desert should have recorded a debit to Service Revenue and a credit to Unearned Service Revenue.

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production