On September 1, the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10,960.
The customers’ subsidiary ledger contained account balances as follows: Hurley $1,440, Andino $2,640, Fowler $2,060, and Sogard $4,820. At the end of September, the various journals contained the following information.
Sales journal:
Sales to Sogard $800, to Hurley $1,260, to Giambi $1,330, and to Fowler $1,600.
Cash receipts journal:
Cash received from Fowler $1,310, from Sogard $3,300, from Giambi $380, from Andino $1,800, and from Hurley $1,240.
General journal:
An allowance is granted to Sogard $220.
Exercise 7-3 (Part Level Submission) On September
Exercise 7-3 (Part Level Submission) On September
Collapse question part
(a) Set up control and subsidiary accounts and enter the beginning balances.
Sales journal:
Sales to Sogard $800, to Hurley $1,260, to Giambi $1,330, and to Fowler $1,600.
Cash receipts journal:
Cash received from Fowler $1,310, from Sogard $3,300, from Giambi $380, from Andino $1,800, and from Hurley $1,240.
General journal:
An allowance is granted to Sogard $220.
Exercise 7-3 (Part Level Submission) On September
Exercise 7-3 (Part Level Submission) On September
Collapse question part
(a) Set up control and subsidiary accounts and enter the beginning balances.
1 answer:
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Answer:
Answer is explained in the explanation section below.
Explanation:
Data Given:
LSL = 4.96 cm
USL = 5.04 cm
Mean = 5 cm
SD = 0.01 cm
1. Capability Index:
Cpk = min ( ,
)
So, now, we need to find the following:
=
=
= 1.33
Similarly,
=
=
= 1.33
So,
Cpk = min ( ,
) = 1.33
2. Maximum Standard deviation allowed.
Let SD be maximum standard deviation allowed.
So,
Mean - 3SD = 4.96 Equation 1
Mean + 3SD = 5.04 Equation 2
Subtracting Equation 2 from 1, we have
6SD = 5.04 - 4.96
6SD = 0.08
SD = 0.0133