Sales on credit are immediately counted as cash receipts?

2 answers:

5 0

Nope. Not only as cash receipts but through the all kind of transections... like by cheque, cash, digital means (Credit cards, debit cards, net-banking).

Hope this helps!

Elena L [17]3 years ago

3 0

The correct answer to this open question is the following.

Sales on credit are not immediately counted as cash receipts.

When a good is sold and people pay for it with cash, that is counted as cash receipts. Other methods don't. If the product is sold on credit, the store is not receiving any cash at all. It is receiving a promise of pay that has to be payable by the credit institution or the bank.

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A company interested in lumbering rights for a certain tract of slash pine trees is told that the mean diameter of these trees i

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Answer:

97.6% of the trees will have diameters between 7.6 and 18.6 inches.

Step-by-step explanation:

We are given the following information in the question:

Mean, μ = 12 inches

Standard Deviation, σ = 2.2 inches

We are given that the distribution of diameter of tree is a mound shaped distribution that is a normal distribution.

Formula:

$z_{score} = \displaystyle\frac{x-\mu}{\sigma}$

P(diameters between 7.6 and 18.6 inches)

$P(7.6 \leq x \leq 18.6) = P(\displaystyle\frac{7.6 - 12}{2.2} \leq z \leq \displaystyle\frac{18.6-12}{2.2}) = P(-2 \leq z \leq 3)\\\\= P(z \leq 3) - P(z < -2)\\= 0.999 - 0.023 = 0.976= 97.6\%$