On the first day of the fiscal year, a company issues $65,000, 6%, five-year installment

Mathematics

1 answer:

enot [183]3 years ago

7 0

Answer:

Dr cash $65,000

Cr Notes payable $65,000

repayment:

Dr Notes payable $11,531

Dr interest expense $3,900

Cr Cash $15,431

Step-by-step explanation:

Upon the issuance of the notes,the cash received would be debited to cash account and the same amount credited to notes payable account.

The payment of $15,431 as annual repayment on the notes payable would be credited to cash account as an outflow of cash from the business while the notes payable and interest expense accounts would be debited with $11,531 and$3,900 respectively

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Sliva [168]

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2 years ago

Reports on a student’s ACT, SAT, or MCAT usually give the percentile as well as the actual score. The percentile is just the cum

DaniilM [7]

Answer:

The percentile is calculated with the following probability:

$P(X$

And using the z score we got:

$P(X$

So then we can conclude that 31 represent approximately the percentile 81 on the distribution given

He scored better than about 80.98 % of all MCAT takers.

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Solution to the problem

Let X the random variable that represent the scores of a population, and for this case we know the distribution for X is given by:

$X \sim N(25.3,6.5)$