Answer:
89.44%
Explanation:
As we know that:
Z = (Cash Flow - Mean) / Standard Deviation
Here
Cash flow is the observed value which is the lower limit here and is $11,000
Mean is the average value of the sample and is $16,000
Standard Deviation is $4,000
By putting values, we have:
Z = ($11,000 - $16,000) / $4,000
= -1.25
The Z value lower than -1.25 is 0.1056 or 10.56%
This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be
Probability of cash flow = (1- 0.1056) = 0.8944 which is 89.44%
Answer:
c. $4,025,200
Explanation:
The computation of the total cash receipts from sales and collections in April month is shown below:
= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage
= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%
= $1,200,000 + $1,120,000 + $1,705,200
= $4,025,200
Since cash sales are 30% , so the credit sales would be 70%
Answer:
higher, stocks, flunctuates, risk, bonds, interest
Explanation:
The chosen responses are the best from the options provided. First, to earn a higher long-term rate of return, stocks offer a higher interest rate than bonds and the reason being that they are riskier.
Stocks belong to the owners of an organisation and as such, they are only entitled to interest after the interests of bond owners and preference stock holders have been settled. Meaning, despite the higher rates of interest offered, it is riskier to be a stock holder than a bond holder
Bond on the other hand, are not equity or company ownership units, they represent debts that the company must pay fixed interest rates on. Although we have the convertible to stock and the non-convertible bonds. However, bonds may be safer due to the fixed interest rates that must be paid but interests are lesser than stocks and irrespective of a company's profitability, a bond holder is only entitled to the fixed interest rate unlike the stock holder who enjoys higher dividends as a result of improved profitability.
<span>Wiley CPA Exam Review 2010, Auditing and Attestation explained this on an exam that the auditor should issue a report to comply with the law on internal control and also to document financial information. The yellow book becomes an auditing standard that provided uniformity on reports.</span>
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