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2 years ago

5

The gross weekly sales at a certain restaurant is a normal random variable with mean $2200 and standard deviation $230. What is

the probability that (a) the total gross sales over the next 2 weeks exceeds $5000; (b) weekly sales exceed $2000 in at least 2 of the next 3 weeks?

1 answer:

Katyanochek1 [597]2 years ago

7 0

Answer:

a. 0.0326

b. 0.9034

Explanation:

Please see attachment.

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Match each feature with the savings account type.

Marysya12 [62]

<u>1. Basic savings account </u>

-allows ATM withdrawals

-allows money transfer

A savings account is an interest bearing deposit account held at a bank or other monetary foundation that gives an unassuming loan fee. The budgetary organizations may constrain the quantity of withdrawals you can make from your investment account every month. They additionally may charge expenses except if you keep up a specific normal month to month balance in the record. In most cases banks don't give checks investment accounts.

<u>2. CD </u>

-offers a higher interest rate

-has a maturity date

A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years. You will get a higher loan fee for the more drawn out time duty. You guarantee to leave all the cash, in addition to the enthusiasm, with the bank for the whole term.

Basically, you are loaning the bank your cash as an end-result of premium. The CD is a promissory note that the bank issues you.

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3 years ago

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Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations

andriy [413]

Answer:

F. None of The Above

Explanation:

Real property located in the United States exchanged for foreign real property (and vice versa) does not qualify as like-kind property.

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2 years ago

Income Statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March fo

IrinaVladis [17]

Answer:

Total Expense: $ 347,000

Income: $ 135,000

Explanation:

<u><em>Income Statement Imaging Services </em></u>

<u><em>For the Month Ended March 31, 2018</em></u>

Fees earned $482,000

Wages expense $ 300,000

Rent expense $41,500

Supplies expense $3,600

Miscellaneous expense $1,900

Total Expenses $ 347,000

Income $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.

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3 years ago

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A good is excludable if: a) Those who are unwilling or unable to pay for the good do not obtain its benefits. b) It is not possi

N76 [4]

Answer:

The correct answer is letter "A": Those who are unwilling or unable to pay for the good do not obtain its benefits.

Explanation:

The excludability feature of goods does not allow individuals to have access to them without having paid for them. Thus, non-excludable goods are those that no one cannot prevent its use. <em>Private goods</em> (clothing, vehicles, houses) are excludable but they are also considered rival goods since when one person uses it another individual cannot consume the goods.

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3 years ago

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The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% co

irinina [24]

Answer:

Equivalent units

Materials = 12,700 units

Conversion cost = 11,940 units

Explanation:

<em>Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.</em>

<em>Equivalent Units = Degree of completion (%) × units</em>

<em>We will use the weighted average method</em>

<em>Weighted average method</em>

<em>The weighted average method of valuation of work in progress does not separate opening work-in progress from the newly introduced.</em>

<em>Using the weighted average method</em>

<em />

<em>Equivalent unit for material cost</em>

Since direct materials are added at the the beginning of the production process the equivalent unit of direct material

EU = (100% × 10,800) + (100% ×1900) = 12700

<em>Note that 100% represent the degree of completion.</em>

<em />

Equivalent unit for conversion cost

<em>Item Equivalent unit</em>

Transferred out 100%× 10,800 = 10,800

Closing inventory 60% ×1900 = <u> 1140</u>

Total equivalent unit = <u>11,940</u>

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3 years ago