c. The bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers. (Round up to the next integer the percentage value.) Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances.$ 404$ 74$ 234$ 149$ 279$ 215$ 123$ 55$ 43$ 321872346848957185141758728637031253504403725227521302127968712503489327608358425303203N 00 CumulativeBalanceFrequencyfrequency|0 up to 10099.100 up to 20015200 up to 300621300 up to 400627400 up to 50032500 up to 600600 up to 70034135700 up to 80038800 up to 900139900 up to 1,000140Total40

The percentage is the representation of expected outcomes from the total outcomes in data. It is…

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he bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers. (Round up to the next integer the percentage value.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Your friend Steve comes to you for help in preparing his bank reconciliation for his company Steve’s Electronic Shop inc. (“SES”) at the end of the first month of operation in June 2019: He provides you with the following information: Opening Book balance of: $12,423.21 Balance on the June 30th bank statement: $17,743.96 SES pays utilities and Insurance through Electronic Funds Transfers (EFT). For the month of June, the payments were respectively $328 and $145. Steve prepared the June 30th deposit of $1,872 but didn’t make it in time for the bank to record it in June Bank service charge for June was $12.50 Interest earned on checking account for June was $25 and automatically deposited The bank statement shows a deposit of $423 that SES didn’t make. After a call to the Bank Manager, she apologized and told John the error would be corrected in July The following cheques are outstanding as at June 30th: Cheque # Payee Amount 745 Landlord $ 2,100.00 751…
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