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g100num [7]
3 years ago
5

Suppose the mean income of firms in the industry for a year is 75 million dollars with a standard deviation of 17 million dollar

s. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 110 million dollars? Round your answer to four decimal places.
Business
1 answer:
Readme [11.4K]3 years ago
4 0

Answer and Explanation:

Given:

μ = 75 million

SD = 17 million

Probability (x) raw data = 110 million

Computation:

= Probability (x) < 110 million

= Probability [(x-μ) / SD] < [(110 - 75) / 17]

[(x-μ) / SD] = Z

= Probability [z] < [(35) / 17]

= Probability [z] < [2.05882353]

Using z calculator:

P-value from Z-Table:  

Z score = 0.98024

Therefore, probability is 0.98024

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Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). Age of Recei
AlexFokin [52]

Answer:

Current                      $11,000  19%  $2,090  

Past Due 30-60 days  $2,400  3%  $72  

Past due 61-90  days  $1,700  6%  $102  

                                            $2,264  

Dr Bad Debt Expense $ 2.264

Cr Allowance for Uncollectible Accounts $ 2.264

Explanation:

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT, this case $2,264 by the aging method to estimate uncollectible accounts.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets .

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

4 0
3 years ago
If there is an excess supply of money in the economy, A. there is also an excess demand for money B. there is also an excess dem
yarga [219]

Answer: B. there is also an excess demand for bonds

Explanation:

When there is an excess supply of money in the economy, there is also an excess demand for bonds.

This is because in his case, rather than holding money, individuals will want to increase their being holdings and therefore, this will lead to the reduction in their holding of money. Equilibrium will further be restored as there'll be reduction in interest rate.

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2 years ago
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Radda [10]

Answer:

b. Free gift with purchase

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The promotion tactic that the provider is trying to use is a Free gift with purchase. This is because by making your first every purchase the company is basically gifting you a certain amount of money through a discount of your purchasing total. Companies tend to do this in order to attract customers through the enticement of free money or products/gifts. They are able to do this because a single purchase will make them more profit than they are wasting on the gift and can lead to recurring customers.

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3 years ago
In case management, service should be comprehensive and uninterrupted. this reflects the principle of?
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In the case of management, service should be comprehensive and uninterrupted. This reflects the principle of Continuity of care.

Control is the administration of an enterprise, whether it's miles a commercial enterprise, a non-income organization, or a government frame. it is the art and science of dealing with sources of the enterprise.

Getting maximum consequences with minimal Efforts - the main goal of control is to cozy maximum outputs with minimal efforts & sources. management is basically worried about thinking & making use of human, fabric & financial assets in this sort of manner that might bring about a great combination.

Powerful management refers back to the volume to which managers acquire their objectives with the assistance of organizational resources.

Learn more about  management here brainly.com/question/1276995

#SPJ4

5 0
1 year ago
Poll taxes hurt low income african american because taxes were paid in order to
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Vote low income African American didn't make enough to keep up so they couldn't vote <span />
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