Answer:
0.0084
Explanation:
For this probability problem, we will have to make use of the normal probability distribution table.
to use the table, we will have to compute a certain value
z = (x- mean) /Standard deviation
z = = 2.39
Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.
<em>To do this, on the "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>
This gives us 0.99916
Thus we have P (Z < 2.39) = 0.9916
We subtract the value obtained from the table from 1 to get the probability required.
1 - 0.9916 = 0.0084
The Probability that the employee has worked at the store for over 10 years = 0.0084
Answer:
That's long. Is that how the questions is.
Two hundred or higher (200+)
Answer:
Cash was collected from customers during the year was $ 104,100
Explanation:
Sales revenue = $120,000
Bad debt expense = 2.5% of sales
Therefore, Bad debt expense = $120,000 x 2.5% = $3,000
Thus, allowance for uncollectible accounts should have increased by $3,000. But it increased by $2,100.
Therefore, uncollectible accounts receivable of $900 ($3,000 - $2,100) were written off during that year.
Cash collected from customers = Sales revenue - Increase in accounts receivable - Uncollectible accounts written off
= $120,000 - $15,000 - $900
= $104,100
If that happen, other investors that bet for the opposite cause of your investment would be the one that gained that money, and you will still able to keep that stocks to collect dividend as long as you don't sell it.
(this circumtances won't happen if the reason you lost the money is the firm going into bankruptcy)