Answer:
$756,000
Explanation:
Allowance for Bad Debts opening ($24,000)
Allowance for Bad Debts Closing $780,000
(13,000,000)*6%
Allowance Bad Debt Expense for the year $756,000
The statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.
<h3>What is disability insurance plans?</h3>
Disability insurance plans can be defined as an insurance plan that help to cover the cost of people that are physically disabled.
When a person is disable due to work hazard the employers may tend to provide short-term or long term disability insurance plans that will help to provide income to disable person.
Therefore the statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.
Learn more about Disability insurance plans here: brainly.com/question/16810465
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The answer is: C. higher; harder
Saving account is beneficial if you are not planning to use the money within a short period of time.
Typically, the interest rate provide around 0.08% interest rate annually while checking account only provide you with 0.06%. But, it is harder to access the money in your saving account since most banks put limitation on how much money you can withdraw each month.
Answer:
6.85%
Explanation:
Mean = 575,234
Standard deviation = 10,245
Project will be successful when PV > 560,000
For not getting success, PV < 560,000
P (X < 560,000) = <em>P </em>(Z < (560,000-575,234)/10,245)
P (X < 560,000) = <em>P </em>(Z < -1.48697)
P (X < 560,000) = 0.0685
P (X < 560,000) = 6.85%
Therefore, the chance that the project will NOT succeed is 6.85%
Answer:
16%
Explanation:
To answer this question, we make reference to the standard normal distribution curve and the z-scores value
For 68% confidence interval, the value of z will return a value of 1 SD
Hence, the Probability that the company stocks will produce an annual return that is more than one standard deviation is calculated below:
Probability = (1 - 68%) / 2
= 32%/2 = 16%
