On july 1, shady creek resort borrowed $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each june 30 of $51,421. what is the journal entry to record the first annual payment

Answers

Answer 1

The journal entry to record the first annual payment fot the loan to Shady Creek Resort is:

Date                      Account title                                  Debit          Credit

June, 30               Interest expense                        $27,000

                             Notes payable                             $24,421

                            Cash                                                               $51,421

How is the first annual payment recorded?

The interest expense is:

= 330,000 x 9%

= $27,000

Notes payable is:

= 51,421 - 27,000

= $24,421

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Related Questions

Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem

Answers

The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.

If it is because of the inability to care for their kids while at work, then the company can solve this problem by:

First modifying the company policy to allow mothers to bring their babies to work;Second, providing a safe place within the workspace for the children to play during work hours.Third, a flexible work structure can be given to young parents.

What is high turnover?

Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.

Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.

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of the following investments, which has historically had the best performance over the long term but suffers from more volatility?

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Historically, stocks have had the best performance over the long term but suffer from more volatility compared to other investments.



However, stocks are also known for their volatility. Volatility refers to the magnitude of price fluctuations in an investment. Stocks can experience significant price swings in a short period, and these fluctuations can be both positive and negative. This volatility is due to various factors such as economic conditions, company performance, and market sentiment. Therefore, while stocks may offer higher returns over the long term, they come with a higher level of risk and uncertainty.



Other investments, such as bonds or real estate, tend to have lower volatility but also offer lower returns compared to stocks. Bonds, for example, are considered less risky as they represent a loan made to a government or a company. Real estate investments are generally more stable and less prone to price fluctuations. However, their long-term returns may not be as high as those of stocks.

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1.05 the market place economic

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A market economy serves as an  economic system in which economic activities is been controlled by individuals.

What is market economy?

market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .

This decision could be  pricing of goods and services  which are been controlled  by the interactions of a country's individual citizens.

COMPLETE QUESTION:

Explain market place economy

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true or false? the slope of either the supply or demand curve defines its elasticity.

Answers

False. The slope of either the supply or demand curve does not define its elasticity. The elasticity of supply or demand is determined by the responsiveness or sensitivity of the quantity supplied or demanded to changes in price or other factors.

Elasticity is a measure of how much the quantity supplied or demanded changes in response to a change in price or other determinants of supply and demand.

is calculated as the percentage change in quantity divided by the percentage change in price or other relevant variable.

The slope of a supply or demand curve represents the relationship between price and quantity, but it does not directly determine the elasticity. Elasticity depends on the specific responsiveness of quantity to changes in price or other factors, which may vary along the curve. Different regions of a curve can exhibit different elasticities, even if they have the same slope.

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1- Risk transfer is shifting the risk of loss for property damage and bodily injury * between the parties of a contract; True False 2- What are the types of indemnification agreements (transfer risk a

Answers

Risk transfer is indeed the process of shifting the risk of loss for property damage and bodily injury between the parties of a contract. The types of indemnification agreements are Broad Form, Intermediate and Limited.

Risk transfer is the process of shifting the risk of loss for property damage and bodily injury between the parties of a contract. The types of indemnification agreements that transfer risk and responsibility to other parties include:
a) Broad Form: This agreement holds one party (indemnitor) responsible for any and all claims, damages, or losses arising from the actions or negligence of the other party (indemnitee). The indemnitor assumes a broad scope of responsibility and bears the risk associated with potential liabilities.
b) Intermediate: In an intermediate indemnification agreement, the indemnitor agrees to assume responsibility for certain claims, damages, or losses that arise due to specified actions or negligence of the indemnitee. The scope of responsibility is narrower compared to broad form indemnification.
c) Limited: A limited indemnification agreement places restrictions on the scope of responsibility assumed by the indemnitor. The agreement specifies the types of claims, damages, or losses for which the indemnitor will be held accountable, typically excluding certain types of risks or liabilities. Therefore, the correct answer is d) a, b, & c.

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The complete question is:

Risk transfer is shifting the risk of loss for property damage and bodily injury between the parties of a contract: True O False 2- What are the types of indemnification agreements (transfer risk and responsibility to other parties:  a) Broad Form b) Intermediate  c) Limited  d) a, b, &c

Sue is considering splitting the cost of a new TV with her roommate. Her share would be $305.22. Can Sue afford this

Answers

Yes, she can make the purchase and have money left over.

yes she can afford it

Which of the following is a benefit of EFT
A. Limited access
B. Accessibility
C. Difficulty
D. Cost

Answers

Answer:

cost hope this helps and maybe brainliest

In the market demand S-shaped growth curve, the early majority is:a. the least important customer segment for a growing company and industry.b. the group of customers that drive replacement demand for a product.c. the group of customers most likely to try new technology before it has been proven useful or stable.d. the group of customers who begin purchasing a product at the beginning of an industry's transition from embryonic to growing.

Answers

In the market demand S-shaped growth curve, the early majority is the group of customers who begin purchasing a product at the beginning of an industry's transition from embryonic to growing. The correct answer is d.


This group represents a significant portion of the total market demand and is critical for a growing company and industry. They are important because they are willing to try new products and technologies, but only after they have been proven useful and stable by the innovators and early adopters.

As a result, the early majority often drives significant growth in demand as they adopt new products and technologies, which in turn drives economies of scale and cost reductions for producers.

The early majority is distinct from the innovators and early adopters, who are more willing to take risks and try new technologies before they have been fully developed or proven useful. Hence, d. is the right answer.

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A discounted security means that the actual purchase price is
O The expected interest rate.
O Less than the maturity value.
O Greater than the face value.
O The face value.
O The value at maturity.

Answers

In economics the discounted security means that the actual purchase price is Less than the maturity value.

The term trading in economics is defined as the security can be issued and redeemed at discount value, par value, or at a premium value.

And then the issue at discount means the issue price is less than the maturity value and when this issue at a premium means an issue is made at a price that is higher than the maturity value.

Here we have identified that the discounted security means that the actual purchase price is trading at lower than the maturity value.

Here we have know that the actual purchase price must be lower.

Hence the correct option is B.

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since most people are right-handed, for maximum efficiency, servers through the kitchen or customers through a cafeteria line should be routed in a counterclockwise direction. group of answer choices
a. true
b. false

Answers

The statement that servers through the kitchen or customers through a cafeteria line should be routed in a counterclockwise direction for maximum efficiency based on the fact that most people are right-handed is b. false. The efficiency of the routing does not depend on the handedness of individuals.

Efficiency in routing through a kitchen or cafeteria line is typically determined by factors such as flow management, space utilization, and ease of movement. While it is true that most people are right-handed, it does not necessarily mean that counterclockwise routing is more efficient.

The design and layout of the kitchen or cafeteria line should consider factors such as the overall flow of customers or servers, minimizing congestion points, and optimizing the use of available space. Routing can be planned based on these considerations rather than relying solely on the assumption of right-handedness.

Therefore, the efficiency of routing through a kitchen or cafeteria line should be determined by practical considerations rather than the handedness of individuals, making the statement false.

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__________is the name for the doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.

Answers

Answer:

Product liability

Builtrite sold 20 year, $1000 par value, zero coupon bonds for $377, what was their yield?
a. 4%
b. 5%
c. 6%
d. 7%

Answers

The yield on the zero coupon bonds sold by Builtrite is approximately 6.58%, which is closest to option (c) 6%.

To calculate the yield on the zero coupon bonds sold by Builtrite, we can use the formula for yield to maturity (YTM) of a bond. The formula is as follows:YTM = (Par Value / Purchase Price)^(1 / Time Periods) - 1

In this case, the par value of the bond is $1000, and it was sold for $377. The time period is 20 years.

YTM = ($1000 / $377)^(1 / 20) - 1

Using a calculator, we can find the value of YTM:

YTM ≈ 0.0658

Multiplying this by 100 to convert it into a percentage, we get approximately 6.58%.The yield represents the annualized return an investor would receive if they held the bond until maturity. In this case, the bond was sold at a significant discount to its par value, resulting in a higher yield. This higher yield compensates the investor for the lower purchase price of the bond.

so the correct option is C

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This tectonic plate pushes against the Eurasian plate to form the Alps and other geographical features

Answers

Answer:

African

Explanation:

Which of the following organisations is most likely to sell shares for sale to invited investors?
a. A Sole trader
b. Partnership
C. Private limited company
d. A business with unlimited liability

Answers

Answer:

C. Private limited company

Explanation:

Ownership in a private limited company is restricted, unlike in a public limited company. The shareholders of a private limited company are usually family members, close friends, or people with a shared interest.

A private limited company can raise capital by selling additional shares. Because becoming a shareholder in a private limited company is restricted, private companies raise capital by selling shares to existing shareholders or to invited investors.

Select all that apply.

______ are examples of personal values.
A. Recognition
B. Relationships
C. Enthusiasm
D. Courage

Answers

The answer is :
B,c&d

Answer:

Relationships

Enthusiasm

Courage

special pricing, display fixtures, and value-added bonuses are all a part of increasing sales in retail stores. what sort of marketing technique is this?

Answers

Trade Promotion is a marketing technique with special pricing, display fixtures, and value-added bonuses that are all a part of increasing sales in retail stores.

Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Affiliates will sometimes provide marketing for a business. Trade promotion describes marketing initiatives carried out in-store by these two partners.

Trade promotion is a marketing strategy that uses special pricing, display fixtures, demonstrations, value-added bonuses, no-obligation freebies, and other incentives to boost product demand at retail businesses. Trade promotions are a tool that businesses can use to raise customer awareness of their brands and products.

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the 1000 par value bonds of uptown tours haev a coupon rate of 6.5 and a current price quote of 101.23. What is the current yield?a.6,49 percent b.6.58 percent c.6.60 percent d.6.37 percent e.6.42 percent

Answers

the current yield is approximately 6.42 percent (option e).

Bond current yield calculation?

To calculate the current yield, you need to divide the annual coupon payment by the current market price and multiply by 100 to express it as a percentage.

Given information:

Coupon rate = 6.5%

Current price quote = 101.23

First, calculate the annual coupon payment:

Coupon payment = Par value x Coupon rate

Coupon payment = $1000 x 6.5% = $65

Next, calculate the current yield:

Current yield = (Annual coupon payment / Current price) x 100

Current yield = ($65 / $101.23) x 100

Using a calculator, you can find the value of ($65 / $101.23) x 100 ≈ 64.24

Therefore, the current yield is approximately 6.42 percent (option e).

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Imagine an important customer shows up at a hotel that is fully booked, and the reservation is missing. The manager must decide how to respond to the customer. At which level would this decision be made?

Answers

An significant client arriving at a fully filled hotel without a reservation would put the decision in the manager's hands.

A business manager is a manager who oversees the activities of a team of workers inside a company or department. They work to maintain the company's productivity, efficiency, and organization at all times by putting operational strategies into place, performing performance evaluations, and supervising all daily operations.

Teams can be led by managers who can give them a trustworthy purpose and direction. It supports staff in achieving their objectives and running daily operations for the business. The following measures for managing projects and possible recruits are also planned.

Thus, as per the situation given it comes under the level of manager's level to make a decision.

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Suppose you invest $200 in an index fund. At the end of the year, you receive a dividend of $20 and you sell you index fund for $230. Your rate of return is 30%.
True
False

Answers

True, your rate of return is 30%.

Rate of return = (Ending value - Beginning value + Dividends) / Beginning value

In this case, the beginning value is $200, the ending value is $230, and the dividend is $20. Plugging these values into the formula:

Rate of return = ($230 - $200 + $20) / $200
Rate of return = $50 / $200
Rate of return = 0.25 or 25%

However, this is the return on investment (ROI), which does not take into account the time period of the investment. To calculate the annual rate of return, we need to divide the ROI by the number of years the investment was held. Assuming the investment was held for one year:

Annual rate of return = ROI / Number of years
Annual rate of return = 0.25 / 1
Annual rate of return = 0.25 or 25%

Therefore, the rate of return is 30% is false, the correct rate of return is 25%.

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-If a company has an average monthly remittance of $30,000. 00,

what type of

remitter would they be?

Answers

Based on an average monthly remittance of $30,000.00, the corporation would be regarded a regular remitter, sending that money to another party on a constant basis.

A "remitter" is often a person or institution who distributes money or makes payments to another party. In the context of your inquiry, if a corporation has an average monthly remittance of $30,000.00, it implies that the company sends this amount of money to another party or parties on a regular basis. However, without more information about the nature of these remittances or the precise industry in which the company operates, determining the exact type of remitter they would be is difficult.

Various kinds of remittances are used in many industries and economic operations. A company in the banking sector, for example, may be processing customer payments or transferring funds on behalf of clients. A retail company may remit sales revenues to suppliers or wholesalers. Similarly, a service-based business may pay subcontractors or vendors. It is difficult to establish the precise type of remitter a company would be based merely on the average monthly remittance amount without more specific facts.

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A company’s _____ specifies the media vehicles to be used and the schedule for running advertisements.

Answers

The factor that specifies the media vehicles and methods to be used by a company to run advertisements is it's media plan.

What is a media plan?

This refers to a structured plan that a company comes up with and implements in order to meet their marketing goals.

It involves things like the schedules of adverts to be run, the media vehicles to be engaged, and the type of content that would be most effective.

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Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?

Answers

Answer: $32.77

Explanation:

Given the following :

Current price of stock = $25

Growth rate of Dividend per annum= 7%

Required return on stock = 10%

Period = 4 years

Expected price of stock after 4 years can be calculated using the relation :

Current price × ( 1 + growth rate)^period

Expected price = $25(1 + 7%)^4

Expected price :

$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4

= $25 × 1.31079601

= $32.76990025 = $32.77

Misaki, a sales manager at a startup cosmetics company, wants to determine her company’s market potential. She first develops a general economic forecast for a specific time period. Next, she estimates market potential based on this forecast. Finally, she derives the company’s sales potential from the forecast and an estimate of market potential. What type of approach is misaki using?.

Answers

The type of approach Misaki is using to determine her company's market potential is the breakdown approach, used to determine the size of sales forces needed in a company.

Breakdown approach

Corresponds to a method used to identify an organization's sales force, through projections for future sales and past sales history.

Therefore, in the breakdown approach, the total sales value identified by the sales projection is divided by the sales generated by each sales professional, assuming that each one reaches the same level of productivity.

The correct answer is:

Breakdown approach

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If an insurer requires a medical examination of an applicant in connection with the application for life insurance, who is responsible for
paying the cost of the examination?

A The examiner

B The applicant

C The insurer

D The cost of the examination will be waived.

Answers

The cost of the examination will be waived

D

You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with the lowest ______.

A. Opportunity cost

B. Demand

C. Scarcity

D. Benefit

Answers

Answer:

A. Opportunity cost

Explanation:

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.

In this scenario, you choose to complete your homework rather than watch television so that you can earn a good grade. Therefore, you made the choice with the lowest opportunity cost.

Answer:

Opportunity cost

Explanation:

As our solar system formed, the early atmospheres on the four inner planets (Mercury, Venus, Earth, and Mars) evaporated. The larger outer planets captured these gases in their atmospheres. Therefore, Jupiter, Saturn, Uranus, and Neptune have atmospheres rich in

Answers

Jupiter, Saturn, Uranus, and Neptune have atmospheres rich in hydrogen and helium. These gas giants are composed mostly of hydrogen and helium, which are the two most abundant elements in the universe.

During the formation of the solar system, the inner planets, including Mercury, Venus, Earth, and Mars, were subjected to higher temperatures and solar radiation, causing their early atmospheres to evaporate or be stripped away. However, the larger outer planets were able to retain their primordial atmospheres due to their stronger gravitational pulls and colder temperatures farther from the Sun.

As a result, Jupiter, Saturn, Uranus, and Neptune were able to capture and hold onto the lighter gases like hydrogen and helium. These gases make up the majority of their atmospheres. In addition to hydrogen and helium, these gas giants also contain trace amounts of other elements and compounds, including methane, ammonia, water vapor, and various hydrocarbons.

The atmospheres of these gas giants have distinct compositions and different layering structures due to variations in temperature, pressure, and composition. Studying these atmospheres provides valuable insights into the formation and evolution of our solar system.

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The most common time frame individuals use when developing a budget is _____. A) Yearly B) Monthly C) Daily D) Weeklyeco​

Answers

Answer:

Monthly

Explanation:

a document that initiates shipment of goods and indicates the description of the merchandise, the quantity shipped, and customer name and address is the:

Answers

The document that initiates shipment of goods and indicates the description of the merchandise, the quantity shipped, and customer name and address is known as a bill of lading.

A bill of lading is a legal document that serves as proof of shipment of goods from a carrier to a shipper. The term is derived from the word "lade," which means "to load." A bill of lading typically includes information such as the type and quantity of goods, the name of the shipper, the name of the carrier, the destination, and the delivery instructions.A bill of lading is not only a receipt for the goods being shipped, but it also serves as a contract between the shipper and the carrier. The document outlines the carrier's obligation to deliver the goods to their destination in the same condition they were in when they were loaded onto the carrier's transport vehicle.

In addition, the document indicates the customer name and address, the quantity shipped, and the description of the merchandise.

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10. which of the following is the best description of special damages? a. damages which are calculated as the difference between the value of a contract and the value (if any) of the defendant's performance of the contract. b. quality of life damages in a contract case. c. easily calculated documented damages in a tort case. d. damages which are calculated based on financial losses that are caused by the defendant's breach of contract.

Answers

The best description of special damages is easily calculated documented damages in a tort case.

What are special damages contract?Special damages, often known as "consequential damages," protect against any harm brought on by a contract breach due to unique or unforeseeable circumstances. These are actual losses brought on by the breach, though not immediately and directly.The compensation you receive for intangible losses resulting from an injury, such as pain and suffering and mental anguish, is known as general damages in a personal injury case. Special damages, in contrast, cover losses that are easier to quantify, such as medical costs and missed wages.A notification of unique circumstances impacting a contract may be given to a party. If he violates the contract in such circumstances, he is responsible for both ordinary and exceptional damages.

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suppose the canadian government has decided to place an excise tax of $20 per tire on producers of automobile tires. excise taxes are also called sales or commodity taxes. previously, there was no excise tax on automobile tires. as a result of the excise tax, producers of tires, such as bridgestone and michelin, are going to alter their tire prices. the graph illustrates the demand and supply curves for automobile tires before the excise tax. please shift the appropriate curve or curves on the graph to demonstrate the new equilibrium.

Answers

In order to determine the effect of the tax on the demand and supply graph, please check the attached image.

A tax is a form of transfer to wealth from businesses to the government. Taxes increase the price of goods and services. As a result of the tax levied on the producers of automobile tires, the cost of making tires would increase. This would make producing tires more expensive.

As a result of the increase in the cost of making tires, the production of tires would fall. As a result, there would be a leftward shift of the supply curve. This would lead to a rise in equilibrium price and a decrease in equilibrium quantity.

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suppose the canadian government has decided to place an excise tax of $20 per tire on producers of automobile
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A. 2 B. 3 C. 4 D. 5 Which Greek deity was honored with a towering gold-and-ivory statue inside the Parthenon?PoseidonZeusAthenaHera The five number summary of a dataset was found to be: 45, 46, 51, 60, 66 An observation is considered an outlier if it is below: An observation is considered an outlier if it is above: Question 6. Points possible: 1 If you deposit $800 into a bank account today, what annually compounded interest rate would you need to earn in order to have $2,100 in 17 years? Enter your answer as a percentage rounded 2 decimal places. Do not enter the % sign. the chance of a parent passing on a given allele to a child each time he or she has another child. choose one: a. is the same b. changes c. is increased d. is reduced Willing to provide the best breakfast under a minimum cost for a group of senior citizens, a company formulated a LP model. The breakfast needs to include at least 420 calories, 5 milligrams of iron, 400 milligrams of calcium, 20 grams of protein, 12 grams of fiber, and must have no more than 20 grams of fat and 30 milligrams of cholesterol. The firm has selected the following possible food items, whose individual nutrient contributions and cost from which to develop a standard breakfast menu are shown in the following table:See the model as follows: Breakfast Food | Bran cereal (x1) = Dry cereal (x2) = Oatmeal (x3) = Oat bran (x4) = Egg (x5) = Bacon (x6) = Orange (x7) = Milk - 2% (x8) = Orange juice (9) = Wheat toast (x10) = Serving 0.00 0.00 1.02 0.00 0.00 0.00 0.00 1.24 0.00 2.98 Unit cup cup cup cup egg slice orange cup cup slice x3 = 4.5; x8 4.24; and x10 s 5.68; O x3 > 0.5; x8 > 0.24; and x10 > 0.68; O IV 4.5; x8 2 4.24; and x10 > 5.68; O x3 = 4.5; x8 = 4.24; and x10 = 5.68; O None of the above The viewer of an olap report can change its format. which term implies this capability? Joanie believes that you cannot use cross products to solve the proportion startfraction 50 over 3 endfraction = startfraction 75 over x endfraction for x. she says that if you multiply both sides of the equation by x, you get startfraction 50 x over 3 endfraction = 75. then, if you multiply both sides of the equation by 3, you get 50 x = 75, which is a different equation than you would get if you cross multiplied. what mistake did joanie make in her reasoning? she assumed that the multiplication property of equality allows her to multiply both sides of the equation startfraction 50 over 3 endfraction = startfraction 75 over x endfraction by x. she assumed that the multiplication property of equality allows her to multiply both sides of the equation startfraction 50 x over 3 endfraction = 75 by 3. she assumed that 50 x = 75 is the equation that you get if you multiply both sides of the equation startfraction 50 x over 3 endfraction = 75 by 3. she assumed that 50 x = 75 is a different equation than you would get if you cross multiplied to solve the proportion startfraction 50 over 3 endfraction = startfraction 75 over x endfraction for x. transmission and receipt of a purchase order is which type of flow? group of answer choices cash work material information a 0.500-kg mass attached to a spring with a force constant of 8.00 n/m vibrates in simple harmonic motion with an amplitude of 10.0 cm. calculate (a) the maximum va A farmer sold 108 pounds of produce that consisted of zpounds of zucchini and c pounds of cucumbers. The farmersold the zucchini for $1.69 per pound and the cucumbers for$0.99 per pound and collected a total of $150.32. Which of thefollowing systems of equations can be used to find the numberof pounds of zucchini that were sold?z + c = 150.32A)1.692 + 0.99C = 108z + c = 108B)1.692 + 0.990 = 150.32z + c = 108C)0.99z + 1.690 = 150.32z + c = 150.32D)0.99z + 1.69c = 108 the agricultural adjustment act group of answer choices allowed the federal government to sell farm products to asia. issued homesteads to needy families. paid farmers not to grow crops or raise livestock. was upheld by the u.s. supreme court. An activity has an optimistic time estimate of 12 days, a most likely estimate of 16 days, and a pessimistic estimate of 22 days. What is the expected standard deviation of the activity?a. Between 1 and 2 daysb. Between 2 to 3 daysc. Between 3 to 4 daysd. Between 4 to 5 days