If n = 10 and ∏ = 0.70, then the standard deviation of the binomial distribution is

If you roll a 6-sided die: Event A = numbers 1,2,3,4; Event B = 4,5,6.  Events A and B are _____________.

17. Lankton Company has the following account balances at year-end: Sales Discounts                                         $3,200 Accounts Receivable                               $90,000 Allowance for Doubtful Accounts            $4,800 Lankton should report accounts receivable at Net Realizable Value of:

26. Land Grant Company deposits all receipts and makes all payments by check. The following information is available from the cash records. For partial credit, show your work. March 31 Bank Reconciliation  Balance per Bank $52,051 Add: Deposits in Transit $5,412 Deduct: Outstanding Checks  ($6,548) Balance per Books $50,915   Month of April Results Per Bank Per Books Balance April 30 $60,399 $62,500 April Deposits $25,486 $28,645 April Checks $24,589 $21,547 April Note Collected (not included in April deposits) $4,629 – April Bank Service Charge  $67 – April NSF Check of a customer returned by the bank (recorded by bank as a charge)  $1,598 – For the April 30 Bank Reconciliation, what are: a. Deposits in Transit:  b. Outstanding Checks: What is the April 30 adjusted cash balance? c. Adjusted Cash Balance: For partial credit, show your work.

8. Dicer Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $390,000 ($594,000), purchases during the current year at cost (retail) were $2,055,000 ($3,300,000), freight-in totaled $129,000, sales during the current year totaled $3,000,000, and net markups (markdowns) were $72,000 ($108,000). What is Dicer’s ending inventory value at cost?

QUESTION 27: Use the following information to answer questions 27a-c below: Honor Company was formed on December 1, 2019. The following information is available from Honor’s inventory record for Product X. Honor Company uses the perpetual inventory method. Units Unit Cost January 1, 2020 Beg. Inventory 2,000 $20 Purchases: January 5, 2020 2,500 $22 January 25, 2020 2,200 $23 February 16, 2020 1,100 $24 March 15, 2020 2,200 $25 Sales: January 15, 2020 2,500 $40 February 20, 2020  4,000 $40

9. When using a perpetual inventory system:

4. On February 1, 2020, Rowdy Corporation factored receivables with a carrying amount of $580,000 to Allen Company. Allen Company assesses a finance charge of 5% of the receivables at the beginning of the contract and retains 10% of the receivables. Determine the amount of loss on sale to be reported in the income statement of Rowdy Corporation for February. Assume that Rowdy factors the receivables on a with recourse basis. The recourse obligation has a fair value and book value of $2,800. The loss to be reported is:

5. The following information pertains to ABC. Corp.’s issuance of bonds on July 1, 20X5: Face Value: $10,000 Term: 8 years Stated Interest Rate: 8% Interest Payment Dates: Annually on July 1 Market Rate (yield): 10% What should be the issue price for this bond?

A swimmer is trying to cross a river (having a current speed of Vcurrent) that has a bank-to-bank distance of L. If the swimmer intends to swim to the dock at A, how far upstream must they aim to ensure they make it to the dock given a maximum swimming speed of Vswim?    Given values: L = 100 m Vcurrent = 1 m/s Vswim = 2 m/s   Select the best answer below: