Answer:
Dr. Cr.
Purchases / Inventory $11,000
Promissory Note Payable $11,000
Explanation:
Promissory note is a signed document which contains a written promise for payment of stated amount to specific person or bond holder on demand or specified date.
In this case the purchases are made and a promissory note of $11,000 is signed for 45 days at 8% annual rate.
This entry will be recorded as the purchases or Inventory are debited and as promissory note is a short term liability so, promissory note payable is credited resulting increase in inventory as well increase in current liability.
Answer:
Incomplete question
First aspect of the question is typed below.
The shape of the distribution of the time required to get an oil change at a 20-minute oil-change facility
is unknown. However, records indicate that the mean time is 2l.2-minutes, and the standard deviation 3.5 minutes.
Explanation:
Employees bonus $50
35 oil changes between 10:00 am to 12:00pm
n = 35
10% changes
So, the z - score can be calculated using
z-score = InvNorm(0.10)
z-score = -1.28
So, given that,
Standard deviation is 3.5minutes
σ = 3.5 minutes
Mean time is 21.2 minutes
μx = 21.2 minutes
Then,
σx = σ / √n
σx = 3.5 / √35
σx = 0.5916 minutes
Then, Z score can be written as
Z = (x - μx) / σx
-1.28 = (x - 21.2) / 0.5916
Cross multiply
-1.28 × 0.5916 = x - 21.2
-0.7573 = x - 21.2
x = 21.2 - 0.7573
x = 20.443 minutes
There is a 10% chance of being at or below a mean oil-change time of 20.44 minutes
Answer:
The correct answer is $2.43.
Explanation:
The annual dividend is $1.90.
The expected rate of return is 12%.
The growth rate is 3.5%.
The current stock price will be
=
=
=
=$22.35
The stock price at year 3 will be
=
=
=
=$24.78
The capital gain will be
=stock price at year 3-current stock price
=$24.78-$22.35
=$2.43
Because today's business are wholly dependent on technology for their survival.
This is especially in production, customer service, and marketing.