DO
1 answer:
You might be interested in
Answer:
c. 0.9768
Explanation:
Lead time
Safety stock 500
Standard deviation 145
Safety stock = z * Standard deviation *
500 = z * 145*
500 = z * 251.14
Z = 1.990863
Therefore, for this Z value, we obtain the option c. 0.9768
Answer:
Debit interest expense and credit interest payable by $150
Explanation:
Given:
Amount borrowed = $30,000
Interest rate = 6%
Maturity = 6 months
If the company prepares monthly financial statements, then interest incurred in the month of November:
Interest expense =
= $150
Adjusting entry passed:
Date Particulars Debit($) Credit($)
30th Nov Interest expense 150
Interest payable 150
(Being interest expense
accrued)