Under certain circumstances, an asset may be depreciated below its estimated salvage value
Indicate whether the statement is true or false
F
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A manager of a popular retail store knows that the distribution of purchase amounts by its customers is approximately normal with a mean of $30 and a standard deviation of $9. Below you will find normal probability and percentile calculations related to the customer purchase amounts. ? Probability Calculations P(Sales < $ 15.00) = 0.048, P(Sales < $ 20.00) = 0.133 P(Sales < $ 25.00) = 0.289, P(Sales < $ 35.00) = 0.711 ? PercentilesCalculations 1st Percentile = $9.06, 5th Percentile = $15.20 95th Percentile = $44.80, 99th Percentile = $50.94 What is the probability that a randomly selected customer will spend $30 or more?
What will be an ideal response?
In international joint ventures, the issue of culture is one of the top concerns.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements is true or false assuming use of the allowance method.________ a) The Allowance for Doubtful Accounts is a contra asset account.________ b) The net realizable value of receivables is the difference between the ending balance of accounts receivable and the ending balance in the allowance for doubtful accounts.________ c) The recognition of uncollectible accounts expense at the end of an accounting period does not affect the net realizable value of accounts receivable.________ d) The write-off of an uncollectible account reduces the net realizable value of accounts receivable.________ e) The write-off of an uncollectible account does not affect the amount of stockholders' equity.
What will be an ideal response?
In the Toyota Production System, services and goods flow to the next available person or machine to maintain smooth, rapid flow
Indicate whether the statement is true or false