Answer:
$0.013
0.010724
Explanation:
Given that :
Mean, m = 36500
Standard deviation, s = 5000
Refund of $1 per 100 mile short of 30,000 miles
A.) Expected cost of the promotion :
P(X < 30,000)
Using the Zscore relation :
Zscore = (x - m) / s
Zscore = (30000 - 36500) / 5000
= - 6500 / 5000
= - 1.3
100 miles = $1
1.3 / 100 = $0.013
b. What is the probability that Grear will refund more than $50 for a tire?
100 miles = $1
$50 = (100 * 50) = 5000 miles
Hence, more than $50 means x < (30000 - 5000) = x < 25000 miles
P(x < 25000) :
(25000 - 36500) / 5000
-11500 / 5000
= - 2.3
P(z < - 2.3) = 0.010724 (Z probability calculator)
Answer:
Software as a Service (SaaS)
Explanation:
Software as a service (SaaS) allows users connected to cloud-based applications over the Internet and use them. Some common examples are email, calendars and office tools (such as Microsoft Office 365).
SaaS offers a comprehensive software solution that is acquired from a cloud service provider through a pay-per-use model. It is possible to rent the use of an application for the organization and users connect to it through the Internet, usually with a web browser. All underlying infrastructure, middleware, software and application data are located in the provider's data center. The service provider manages the hardware and software and, with the appropriate service contract, will also guarantee the availability and security of the application and data. SaaS allows an organization to get started and can run applications with a minimal initial cost.
Answer:
(C) $745
Explanation:
The computation is given below:
For computing the bad debt expense, first we have to determine the ending account receivable balance which is shown below:
Ending account receivable balance = Beginning account receivable + credit sales - collections -
written off amount
= $20,000 + $70,000 - $74,700 - $400
= $15,300
So, the bad debt expense is
= Ending account receivable × given percentage
= $15,300 × 5%
= $745
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