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adelina 88 [10]

3 years ago

11

If the returns on a stock index can be characterized by a normal distribution with mean 12% and standard deviation of 3%, the pr

obability that returns will be between 6% than 18% over the next period equals ________.

1 answer:

harkovskaia [24]3 years ago

4 0

Come on, way too easy. 67.

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Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank

Alex787 [66]

Answer:

c. $15,065

Explanation:

In bank reconciliation the book balance is adjusted using some adjustments made by the the bank and still pending by the business. We make an adjusted balance of cash book balance and bank statement balance to reconcile the amounts.

Cash balance per book 6/30 $13,000

+ Note receivable $4,000

- Bank charges $35

- NSF check <u>$1,900 </u>

Adjusted Cash book balance <u>$15,065</u>

Note receivable is received in the bank but not been recorded by the business. It will be added to the balance because it will increase the balance.

Bank charges are deducted by the bank but not been recorded by the business it will be deducted.

NSF check have already added by the balance but its not been cleared. So it needs to be deducted form the Book balance.

3 0

3 years ago

To pay for investment advice from financial consultants Smith and Jones, Tony signs a check payable to "Smith or Jones." A prope

DedPeter [7]

Answer:

to Smith only, or Jones only, or Smith and Jones

Explanation:

In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.

6 0

3 years ago

In 2014, Elbert Corporation had net cash provided by operating activities of 531,000; net cash used by investing activities of 9

guapka [62]

Answer:

December 31 2014, cash = $486,000

Explanation:

To solve this, we will classify the particulars as either income or expenditure,and find the difference. This is shown below:

Particulars income($) expenditure($)

operating activities 531,000 -

investing activities - 963,000

financing activities 585,000 -

January 1 cash balance 333,000 -

Total 1,449,000 963,000

∴ net cash available on December 31 2014 = Total income - expenditure

= 1,449,000 - 963,000 = $486,000

7 0

3 years ago

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow _____ strategy. Mul

dangina [55]

Answer:

a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

5 0

3 years ago

Warner Company has the following data for the past year:

jenyasd209 [6]

Answer:

The overhead variance for the year is $ 30000 and is Favorable/overapplied.

Explanation:

Overhead variance = Actual overhead - Applied overhead

= $470,000 - $500,000

= - $30000

Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.

8 0

3 years ago