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BigorU [14]
4 years ago
7

If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?

Business
1 answer:
earnstyle [38]4 years ago
6 0
A Company needs three ledgers if it has three bank accounts for processing payments. Three ledgers need for each of the bank accounts.

This three ledger provide more efficient and effective in maintaining each of the accounts and the payment process related to the account. This method will make the bank reconciliation process easier too.
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The weight of a product is normally distributed with a standard deviation of 0.5 grams. If the production manager wants no more
Savatey [412]

Answer:

4.28 grams

Explanation:

The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by the formula:

z=\frac{x-\mu}{\sigma} \\\\where\ \mu=mean,\sigma=standard \ deviation,\ x=raw\ score

Given that:

P(x > 5.1 grams) = 5%, x = 5.1 grams, σ = 0.5 grams

P(x > 5.1 grams) = 5%

P(x < 5.1 grams) = 100% - 5% = 95%

P(x < 5.1) = 95%

From the normal distribution table, 95% corresponds with a z score of 1.645. Hence:

1.64=\frac{5.1-\mu}{0.5}\\\\5.1-\mu=0.82\\\\\mu=4.28\ grams

5 0
3 years ago
You have $12,000 to invest and would like to create a portfolio with an expected return of 9.75 percent. You can invest in Stock
dusya [7]

Answer:

The multiple choices are:

$5,589.04

$7,452.05

$4,890.41

$5,876.71

$6,410.96

Amount invested in K is $6,410.96  

Explanation:

L+K=12,000

from the return perspective

0.0975=K/12000*0.0805+L/12000*0.117

K=12000-L

Substitute for K in the second equation

0.0975=(12000-L)/12000*0.0805+L/12000*0.117

0.0975=(966-0.0805L)/12000+0.117L/12000

0.0975=(966-0.0805L+0.117L)/12000

12000*0.0975=966+0.0365 L

1170 -966=0.0365L

204=0.0365L

L=204/0.0365

L=$ 5,589.04  

K=$12,000-$ 5,589.04  

K=$6,410.96  

6 0
3 years ago
When will bath and body works candles be on sale again
Dimas [21]
This year on the first Saturday of December, falling on December 4 this year
7 0
3 years ago
Find an example of a large project that took more than a year to complete, preferably one near where you live. Describe some of
Anvisha [2.4K]
The starting point in discussing how projects should be properly managed is to first understand what a project is and, just as importantly, what it is not.
People have been undertaking projects since the earliest days of organized human activity. The hunting parties of our prehistoric ancestors were projects, for example; they were temporary undertakings directed at the goal of obtaining meat for the community. Large complex projects have also been with us for a long time. The pyramids and the Great Wall of China were in their day of roughly the same dimensions as the Apollo project to send men to the moon. We use the term “project” frequently in our daily conversations. A husband, for example may tell his wife, “My main project for this weekend is to straighten out the garage.” Going hunting, building pyramids, and fixing faucets all share certain features that make them projects. So the correct answer is: please help :)
3 0
3 years ago
What is the normal balance for the Accounts in questions 4-6?
andre [41]

Answer:

4. Debit

5.Credit

6.Credit

Explanation:

The rule is simple. If the account is Asset, its normal balance is Debit. If the account is Liability or Owner Equity, their normal balance are Credit.

The things are you have to recognize which of them are Asset, Liability or Owner Equity.

The only way is to practice, to get yourself as much exposure to financial accounting ( e.g: their are plenty of Financial Reports of Big Firms available online for you to read) as possible so you may recognize what side of the Balance Sheet these items would be categorized into as soon as you heard its name.

7 0
3 years ago
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