16. During the current fiscal year, Keenum Corp. signed a lo…

16. During the current fiscal year, Keenum Corp. signed a long-term noncancellable purchase commitment with its primary supplier. Keenum agreed to purchase $2.62 million of raw materials during the next fiscal year under this contract. At the end of the current fiscal year, the raw material to be purchased under this contract had a market value of $1.34 million. What is the journal entry at the end of the current fiscal year? A) Estimated Liability on Purchase Commitment       1,280,000            Gain on Purchase Commitment                                             1,280,000 B) Loss on Purchase Commitment                               1,340,000            Estimated Liability on Purchase Commitment                      1,340,000 C) Loss on Purchase Commitment                               1,280,000            Estimated Liability on Purchase Commitment                      1,280,000 D) No journal entry is required

Exam Question 3 The systolic blood pressure (given in mm Hg)…

Exam Question 3 The systolic blood pressure (given in mm Hg) of females has an approximately normal distribution with mean µ = 125 and standard deviation σ = 11. Label the tick marks on the horizontal axis using what you know about the normal distribution and noting that the distance between each tick mark is 1 standard deviation. Adam says that . Describe three mistakes that Adam made. Then explain to him how to fix them.