Please note that this question consists of three parts. Show…

Please note that this question consists of three parts. Show all your work/explanation. Just giving the answer without adequate work/explanation may result in zero for the question.  A used car dealership posts cars for sale on their website. 85% of the cars have automatic transmission, 20% are all-wheel drive, and 15% have both features. A car is randomly chosen from this website.  Are having these two features (automatic transmission and all-wheel drive), mutually exclusive? Explain using the appropriate probability(ies).  What is the probability that it has neither of these features? If a car has automatic transmission, what is the probability that it is an all-wheel drive?   

17. Lankton Company has the following account balances at ye…

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 p…

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.