Answer:
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Explanation:
now i know my abc, next i would you sing with me
Answer:
1. Dr Salaries expense 590
Cr Bank 590
2. No journal entry is required
3. Dr Vehicle maintenance 390
Cr Bank 390
Explanation:
1. Entry will be created because salaries are of companies employees.
2. In event 2 there is not mentioned of any company equipment purchase and mostly payment is done through checks in company not through credit cards.
3. This event is solely business event because it is clearly stated of company vehicle.
An waste of money you can get better stuff
Answer:
0.00914 ; 0.0062 ; 0.9847
Explanation:
Given the following :
Normal distribution :
Mean(m) = $4200
Standard deviation (sd) = 720
Amount VERY low = < 2500
Amount very high = > 6000
a. What percent of the days will the bank be notified because the amount dispensed is very low?
x < 2500
Finding the z-score :
Z = (x - mean) / standard deviation
Z = (2500 - 4200) / 720
Z = - 1700 / 720 = −2.361111
P(z < −2.361111)
Locating −2.361111 on the z- distribution table
-2.3 under 0.06 = 0.00914
P(z < −2.361111) = 0.00914
B) What percent of the time will the bank be notified because the amount is very high?
x > 6000
Finding the z-score :
Z = (x - mean) / standard deviation
Z = (6000 - 4200) / 720
Z = 1800 / 720 = 2.5
P(z > 2.5)
Locating 2.5 on the z- distribution table = 0.9938
P(z > 2.5) = 1 - 0.9938 = 0.0062
c. What percent of the time will the bank not be notified regarding the amount of funds being dispensed?
P(2500 < X < 6000)
P(2500 < X < 6000)
P(-2.36 < z < 0) + P(0 < z < 2.5)
= 0.4909 + 0.4938
= 0.9847
We see that for every 8 sandwiches that the customer needs, he will pay for 5. Lets see how many groups of 8 sandwiches the order of 675 sandwiches contains. If we do Euclidean Division we see that there are 84 groups of 8 and that three sandwiches are the remainder. 675/8=84.375; Hence we have 84 groups and 0.375*8=3 sandwiches that remain. Thus, the customer would play for 84*5= 420 sandwiches if he had ordered 84 groups of 8 (namely 672 sandwiches). Since he needs another 3 sandwiches and there is no promotional offer for those, he will have to pay in total for 423 sandwiches. It is important to not divide the total number by 8 and then multiply it by 5; the customer gets the free sandwiches only if he completes an offer of 5 sandwiches, thus we have to group the sandwiches in octads and deal with the remainder separately.