Answer:
a) An addition to the cash balance according to the bank statement. (4)
b) Deduction from the cash balance according to the bank statement. (3)
c) An addition to the cash balance according to the company's records. (1)
d) A deduction from the cash balance according to the company's records. (2), (5), (6).
Explanation:
1. Company has understated its cash balance by recording a credit amount of $960 instead of $690, so add the Balance to Cash Account.
2. Company has overstated its cash balance by recording a credit amount of $240 instead of $420, so deduct the Balance from Cash Account.
3. Company has recorded a Payment but Bank hasn't yet updated its records. So, deduct from Bank Account.
4. Company has recorded a Deposit but Bank hasn't yet updated its records. So, Add to Bank Account.
5. Bank Service Charges are deducted from Cash Account maintained by Company.
5. Company has recorded a collection from customer in its accounts. When the check was sent to Bank, the banking authority found that the balance in the customer account is not sufficient and declared the check as "NSF". So, deduct it from Cash Account maintained by Company to reconcile.
Howell commited a crime of using company resources and will be sued and tried and pressed.
Answer: a) 0.04667544
b) 0.01129221
c) 0.98870779
Explanation:
Binomial probability formula :-
, where P(x) is the probability of getting success in x trials, n is the total number of trials and p is the probability of getting success in each trial.
Given : The probability of households say they would feel secure if they had $50,000 in savings = 0.30
Total number of households selected = 8
a) The probability that the number that say they would feel secure is exactly five will be :-
![P(5)=^8C_{5}(0.30)^5(0.70)^3\\\\=56(0.3)^5(0.7)^3=0.04667544](https://tex.z-dn.net/?f=P%285%29%3D%5E8C_%7B5%7D%280.30%29%5E5%280.70%29%5E3%5C%5C%5C%5C%3D56%280.3%29%5E5%280.7%29%5E3%3D0.04667544)
b) The probability that the number that say they would feel secure is more than five :-
![P(x>5)=P(6)+P(7)+P(8)\\\\=^8C_{6}(0.30)^6(0.70)^2+^8C_{7}(0.30)^7(0.70)^1+^8C_{0}(0.30)^8(0.70)^0\\\\=28(0.30)^6(0.70)^2+8(0.30)^7(0.70)^1+(0.30)^8\\\\=0.01129221](https://tex.z-dn.net/?f=P%28x%3E5%29%3DP%286%29%2BP%287%29%2BP%288%29%5C%5C%5C%5C%3D%5E8C_%7B6%7D%280.30%29%5E6%280.70%29%5E2%2B%5E8C_%7B7%7D%280.30%29%5E7%280.70%29%5E1%2B%5E8C_%7B0%7D%280.30%29%5E8%280.70%29%5E0%5C%5C%5C%5C%3D28%280.30%29%5E6%280.70%29%5E2%2B8%280.30%29%5E7%280.70%29%5E1%2B%280.30%29%5E8%5C%5C%5C%5C%3D0.01129221)
c) The probability that the number that say they would feel secure is at most five :-
![P(x\leq5)=1-P(x>5)\\\\=1-0.01129221=0.98870779](https://tex.z-dn.net/?f=P%28x%5Cleq5%29%3D1-P%28x%3E5%29%5C%5C%5C%5C%3D1-0.01129221%3D0.98870779)
Answer:
2. Intelligent Agents
Explanation:
Intelligent agents (IA) are programs that can make decisions and perform activities based on its environment, user input and previous data entries or experiences. They are problem solvers that solve autonomously and often proactively tasks and problems for their clients or owners. For the description given in the question, the best form of program to he used is the intelligent agent. It can be useful in searching and filtering for relevant information to be used in electronic and supply chain management.
Answer:
N= 15
FV= 1,000
PV= 974
I= 4.03
Compute PMT
Put these values in a financial calculator
PMT = 37.9
Explanation: