Johnnycake Restaurant uses a periodic inventory system and the gross method of accounting for purchases. Prepare general journal entries to record the following transactions for Johnnycake:


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Mr. Lee made the following transfers this year. Which of the transfers are treated as gifts for federal tax purposes?

A. Charitable contribution to the United Way B. Payment to a hospital for the medical expenses of his 39-year old son C. Political contribution to the Democratic party D. None of the above are treated as gifts.

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The probability function for the number of insurance policies John will sell to a customer is given by f(x) = .5 ? (x/6) for x = 0, 1, or 2

a. Is this a valid probability function? Explain your answer. b. What is the probability that John will sell exactly 2 policies to a customer? c. What is the probability that John will sell at least 2 policies to a customer? d. What is the expected number of policies John will sell? e. What is the variance of the number of policies John will sell?

Business

In the following diagram, which is true?

A) It depicts a unary relationship. B) It depicts a many-to-many relationship. C) There is an associative entity. D) All of the above.

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Portfolio A has but one security, while Portfolio B has 100 securities. Because of diversification effects, we would expect Portfolio B to have the lower risk. However, it is possible for Portfolio A to be less risky.

Answer the following statement true (T) or false (F)

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