Questions
The average American man consumes 9.7 grams of sodium each day. Suppose that the sodium consumption...

The average American man consumes 9.7 grams of sodium each day. Suppose that the sodium consumption of American men is normally distributed with a standard deviation of 0.9 grams. Suppose an American man is randomly chosen. Let X = the amount of sodium consumed. Round all numeric answers to 4 decimal places where possible.

A. Find the probability that this American man consumes between 8.8 and 9.8 grams of sodium per day

B. The middle 20% of American men consume between what two weights of sodium?
Low:
High:

In: Statistics and Probability

Founded in 1850. the American Express Company is a global travel financial and network services provider...

Founded in 1850. the American Express Company is a global travel financial and network services provider . Part A Find the most recent Annual Report for American Express at wwwamericanexpresscom and use the information found there to answer the following questions . 1. Read the Notes to the Financial Statements to determine the criteria for cash equivalents . 2. The internal control policy of American Express is described in the Report of Management . Summarize this policy 3. Which CPA firm conducts the external audit of American Express ? 4. Describe what internal audit is and some of the weaknesses American Express can face

In: Accounting

One study found that 2% of American children have a peanut allergy. Showing your calculations… a)...

One study found that 2% of American children have a peanut allergy. Showing your calculations…

a) If two independent American children are selected at random, what is the probability that neither has a peanut allergy?

b) If two independent American children are selected at random, what is the probability that both have a peanut allergy?

c) If two independent American children are selected at random, what is the probability that exactly one child has a peanut allergy?

d) In a classroom of 25 randomly selected and independent American children, what is the probability that no children have peanut allergies?

In: Statistics and Probability

5a. Adjusting Entries - Each of the following situations should be considered independently. Required: Using the...

5a. Adjusting Entries - Each of the following situations should be considered independently.

Required: Using the general journal on the following pages, prepare appropriate adjusting entries at December 31, 2018.

1. Salaries and Wages payable included in the December 31, 2018 unadjusted trial balance equals $0. There are eight employees. Salaries and wages are paid every Friday for the current week. Four employees receive $700 each per week, and three employees earn $600 each per week. December 31 is a Monday. Employees do not work weekends. All employees worked the last week of December.

2. On October 1, 2017, Lowe Co. issued a note payable to National Bank in the amount of $900,000, bearing interest at 9%, and payable in three equal annual principal payments of $300,000. The first payment for interest and principal is due on October 1, 2018.

3. Lowe Co. received cash of $12,000 on June 1, 2018 for one year’s rent in advance and recorded the transaction with a credit to Unearned Rent Revenue.

4. During the year supplies in the amount of $20,800 were purchased. At the time of purchase, the Supplies (Asset) account was debited. Actual year-end supplies amounted to $8,600

5. At the end of the year, the unadjusted trial balance shows Equipment $30,000 and a zero balance in Depreciation Expense – Equipment. Depreciation for the year is estimated to be $2,000.

6. Lowe Company’s account balances at December 31, 2018 for Accounts Receivable and the related Allowance for Doubtful Accounts are $920,000 debit and $1,400 credit, respectively. From an aging of accounts receivable, it is estimated that $25,000 of the December 31 receivables will be uncollectible.


Problem 5b.

The following accounts and their balances came from the general ledger of Decimal Co. at December 31, 2018.



Decimal Company
Balance
12/31/18
Accounts Payable 11,600
Accounts Receivable 16,600
Accumulated Depreciation 7,500
Allowance for Doubtful Accounts 1,000
Cash 15,000
Common Stock 20,000
Cost of Goods Sold 15,000
Depreciation Expense 392
Dividends 6,000
Equipment 36,000
Interest Expense 211
Interest Payable 211
Notes Payable due 6/30/2019 10,500
Office Supplies 600
Prepaid Rent 1,200
Rent Expense 7,800
Retained Earnings 3,619
Salaries Expense 8,600
Sales Revenue 52,223
Unearned Revenue 750



Required:

1. Using the journal on the following page, prepare the closing entries at the end of the year.
2. What is the ending balance of retained earnings that will be reported on the company’s balance sheet at December 31, 2018?

In: Accounting

Provide a discussion of how you think the minimum wage law benefits or does not benefit...

Provide a discussion of how you think the minimum wage law benefits or does not benefit the lowest skilled workers in America.

In: Economics

Discussion board: Healthcare in America debate Topic: Con : The federal government should have a greater...

Discussion board: Healthcare in America debate
Topic: Con : The federal government should have a greater hand in the healthcare market?

In: Economics

What fueled the accumulation of external debt in Latin America and what role did internal and...

What fueled the accumulation of external debt in Latin America and what role did internal and external factors play in this crisis?

In: Economics

What were the effects of Import Substitution Industrialization on most countries of Latin America? Discuss 2...

What were the effects of Import Substitution Industrialization on most countries of Latin America? Discuss 2 benefits to some of the countries.

In: Economics

1. What narrative elements did the play Angels in America Part 1 use to produce a...

1. What narrative elements did the play Angels in America Part 1 use to produce a strong eneotional result?

In: Economics

What does it mean to assert that America is the land of opportunity? Does the evidence...

What does it mean to assert that America is the land of opportunity? Does the evidence support this why? How? Use the talk and readings.

In: Psychology