Question
In: Statistics and Probability
A dentist is interested in obtaining information about delinquent (past due) accounts. Since the practice opened...
A dentist is interested in obtaining information about delinquent (past due) accounts. Since the practice opened 5 years ago, delinquent accounts are normally distributed with an average of 59 days and a variance of 169.00 days. The dentist randomly selected a sample of 31 delinquent accounts with an average of 47 days.
a) The dentist wants to know what average number of days is more than 42% from the past 5 years.
b) Is the average days from the sample of 31 more than the 42% average from the past 5 years?
Solutions
orchestra answered 2 years agoRelated Solutions
A dentist is interested in obtaining information about delinquent (past due) accounts. Since the practice opened...
A dentist is interested in obtaining information about
delinquent (past due) accounts. Since the practice opened 7 years
ago, delinquent accounts are normally distributed with an average
of 43 days and a variance of 121.00 days. The dentist randomly
selected a sample of 23 delinquent accounts with an average of 47
days.
a) The dentist wants to know what average number
of days is more than 38% from the past 7 years.
b) Is the average days from the sample...
Create a trial balance for the information below: Sept. 1 Johnson begins practice as a dentist, invests...
Create a trial balance for the information below:
Sept. 1
Johnson begins practice as a
dentist, invests $21,230 cash and issues 2,123 shares of $10 par
stock.
2
Purchases dental equipment on
account from Green Jacket Co. for $17,400.
4
Pays rent for office space,
$690 for the month.
4
Employs a receptionist,
Michael Bradley.
5
Purchases dental supplies for
cash, $960.
8
Receives cash of $1,620 from
patients for services performed.
10
Pays miscellaneous office
expenses, $420.
14
Bills patients...
why is sampling often preferable to conducting a census for the purpose of obtaining information about...
why
is sampling often preferable to conducting a census for the purpose
of obtaining information about a population
Suppose a company accepts a Note Receivable to settle a past due balance in Accounts Receivable....
Suppose a company accepts a Note Receivable to settle a past due
balance in Accounts Receivable. How would the company record this
transaction? Provide an example and related journal entry.
*explain
The balance sheet includes the following information: A. Information about the firm's past operations B. Information...
The balance sheet includes the following information:
A.
Information about the firm's past operations
B.
Information to calculate financial ratios
C.
Information about the firm's current market value
D.
A, B, and C
E.
A and B
When a firm declares dividends:
A.
Net income decreases and cash decreases
B.
Retained earnings decreases and cash increases
C.
Net income decreases and dividend payable increases
D.
Retained earnings decreases and dividend payable increases
E.
None of the above
For a firm...
Assume the following information about a company: Past dividends 2015 $1.32  
Assume the following information about a company:
Past dividends
2015
$1.32
Required return = 11%
2016
$1.44
2017
$1.54
2018
$1.66
2019
$1.76
Use the appropriate dividend model to place a value on this
stock for 2020.
How do I set this up in excel?
Assignment- Collecting Payments Use the information provided in Chapter 19 "Patient Accounts and Practice Management" of...
Assignment- Collecting Payments
Use the information provided in Chapter 19 "Patient Accounts
and Practice Management" of the text and/or any other sources you
have if necessary. Copy and Paste your assignment on a separate MS
word document or compatible file, and submit your completed
assignment electronically via Moodle prior to due date.
Collecting Payments
When insurance companies and patients pay for medical
services, the medical biller is responsible for collecting and
maintaining all payments. The medical biller must also contact...
How does admixture provide information about the past? please in simple terms
How does admixture provide information about the past? please in
simple terms
The following information has been taken from the ledger accounts of Nash Corporation. Total income since...
The following information has been taken from the ledger
accounts of Nash Corporation.
Total income since incorporation
$337,000
Total cash dividends paid
57,000
Total value of stock dividends distributed
30,000
Gains on treasury stock transactions
19,000
Unamortized discount on bonds payable
30,000
Determine the current balance of retained earnings.
Current balance of retained earnings
$enter the current balance of retained earnings in
dollars
3. Using the information below, perform the following tasks: Account Receivables Not Past Due 0-31 days...
3. Using the information below, perform the following tasks:
Account Receivables
Not Past Due
0-31 days Past Due
31-60 days Past Due
61-90 days Past Due
+ 90 days Past Due
350,000
175,000
83,000
38,000
12,000
Percentage of not collecting
2%
8%
22%
58%
78%
Calculate the estimated amount of receivables that might not be
collected
Perform the adjustment(debit/credit) using the allowance
method.
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