TOPIC:Normal distribution.
* 26. General Hospital's patient account division has compiled data on the age of accounts receivable....
Prob B: General Hospital’s patient account division has complied data on the age of accounts receivables. The data collected indicate that the age of the accounts follows a normal distribution with a mean of 22 days and a standard deviation of 7 days. What portion of the accounts is between 20 to 30 days old? The hospital administrator is interested in sending reminder letters to the oldest 25% of accounts. How many days old should an account be before a...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...