Question

A company audit showed that of all bills that were sent out, 75% of them were paid on time, 18% were paid up to 30 days late, 5% were paid between 31 and 90 days late, and 2% remained unpaid after 90 days. One bill is selected at random.

NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part.

A. What is the probability that the bill was paid on time? (Round the final answer to two decimal places.)

B. What is the probability that the bill was paid late?

Answer #1

According to given,

75% of the bills were paid on time.

Probability that a selected bill is paid on time = 0.75

18% were paid up to 30 days late

Probability that a selected bill is paid up to 30 days late = 0.18

5% were paid between 31 and 90 days late

Probability that a selected bill is paid in between 31 and 90 days late = 0.05

2% remained unpaid after 90 days.

Probability that a selected remained unpaid after 90 days = 0.02

**Answer
A:**

Probability that the bill was paid
on time = **0.75** (as given above)

**Answer
B:**

Probability that the bill was paid
late =

Probability that a selected bill is
paid up to 30 days late + Probability that a selected bill is paid
in between 31 and 90 days late = 0.18 + 0.05 =
**0.23**

Part B (l)-Chapter 5-Journal entries for General Fund financial
transactions for Croton City Prepare journal entries, as
appropriate, to record these transactions. (We suggest you post the
journal entries to general ledger T-accounts.) Note: The Croton
City continuing problem is introduced in Chapter 3 on page 3-32.
You should review the scenario in Chapter 3 before preparing the
journal entries for the General Fund in this chapter.
1. Of the $800 in property taxes receivable at January 1, $780
was...

PART A
Your line manager, Ahmed, has sent you the following
email late on Wednesday just as you are about to finalise your
timesheet and head to a monthly tax-update webinar:
From: Ahmed
Sent: Wednesday, 16 September 2020, 3:58PM
Subject: URGENT: Lisa Eastwood meeting scheduled, task
assigned
Good afternoon,
I have just spoken with Lisa Eastwood (new client) over her tax
position for the current tax year. I will be getting further
documentation tomorrow; however, I need you to examine...

The Boeing Company, headquartered in Chicago, Illinois, is one
of the two major producers of aircraft in the global market. The
other major producer is European Airbus. Boeing produces three
models in Everett, Washington: 747s, 767s, and 777s. The planes are
all produced in the same building. At any one time, there may be as
many as six planes in various stages of production. Obviously the
building has to be fairly large to accommodate such a huge
undertaking. In fact,...

Codger
Corp. —
Internal
Controls
Codger Corp. (CC or the “Company”) is a U.S. public company that
files quarterly andannual reports with the Securities and Exchange
Commission (SEC). CC is a leading retail chain operating more than
100 department stores across the continental United States. CC
department stores offer customers a variety of nationally
advertised products, including clothing, shoes, jewelry, and other
accessories. The Company’s supply chain ofproducts is managed
through a single warehouse and distribution facility located in
Kansas...

Case 13 ✍ It Was Really So Simple Background Information Brenda
Galway leaned back in her chair, sighed heavily, and slowly rubbed
her eyes in big circular motions. “I don’t need all this
aggravation,” she thought to herself. She had just finished
reviewing the report she had requested from her new employee, Bill
Stanley. The entire report was incorrect and would have to be
redone. Brenda supervised Unit B of the Audit Department. The Unit
B team had earned the...

Do all the following problems.
I. Choose the best answer for each
multiple choice. Please use CAPITAL letters to indicate your answer
and write neatly. (30 points)
1. ____ 4.____ 7. ____ 10.____ 13.
____
2. ____ 5.____ 8. ____ 11.____ 14.
____
3. ____ 6.____ 9. ____ 12.____ 15.
____
Whenever the population standard deviation is unknown and the
population has a normal or near-normal distribution, which
distribution is used in developing an interval estimation?
A. standard distribution
B....

Under the LB&I Directive on Information Document Requests
Enforcement Process, all of the following are part of the mandatory
enforcement process, except:
Delinquency Notice.
Notice of Deficiency.
Pre-summons Letter.
Summons.
Miles Patrick’s timely filed Form 1040 for the 2010 tax year is
selected for audit and the Service ultimately issues a timely SNOD
asserting $100,000 in additional tax due arising from Miles’
failure to substantiate business expenses. (The Service never
provided Miles with a 30-day letter). Miles does not file...

1. Find the area under the standard normal curve (round to four
decimal places)
a. To the left of z=1.65
b. To the right of z = 0.54
c. Between z = -2.05 and z = 1.05
2. Find the z-score that has an area of 0.23 to its right.
3. The average height of a certain group of children is 49
inches with a standard deviation of 3 inches. If the heights are
normally distributed, find the probability that a...

During the trial, lawyers for the accused said that the men
believed that the accounting decisions they made were appropriate
at the time, and that the accounting treatment was approved by
Nortel’s auditors from Deloitte & Touche. Judge Marrocco
accepted these arguments. Marrocco added he was “not satisfied
beyond a reasonable doubt” that the trio (i.e., Dunn, Beatty, and
Gollogly) had “deliberately misrepresented” financial results.
Given the facts of the case, do you believe Judge Marrocco’s
decision was justified? Explain....

The questions:
1. What type of technology Acme and Omega utilize to transform
inputs into outputs?
2. Which strategic choice (differentiation or cost leadership)
suits best to Acme? Omega? Do these companies have clear strategic
choices or do they stuck in the middle?
3. Based on all the contingencies which type of structure is
more suitable for these companies; mechanistic or organic?
please answer each question alone
The Paradoxical Twins: Acme and Omega Electronics John F. Veiga
Part! boom of...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 5 minutes ago

asked 7 minutes ago

asked 15 minutes ago

asked 27 minutes ago

asked 35 minutes ago

asked 43 minutes ago

asked 47 minutes ago

asked 50 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago