One Year, the Distribution of Salaries for Professional Sports Players

question 4

Multiple Choice

One year, the distribution of salaries for professional sports players had mean $1.6 million and standard deviation $0.7 million. Suppose a sample of 100 major league players was taken. Find the approximate probability that the average salary of the 100 players that year exceeded $1.1 million.

• A) approximately 1
• B) .2357
• C) .7357
• D) approximately 0

Correctly journalize treasury stock transactions under the cost method.

Calculate and understand the impact of stock transactions on paid-in capital and retained earnings.

Know the accounting treatment for issuing stock for non-cash considerations such as services and land.

Understand the differences between common stock and preferred stock, including par value, stated value, and no-par stock.

---

Definitions:

Risk Mitigation Strategies

Methods or plans implemented to reduce the likelihood or impact of potential threats to a business or project.

Flexibility

The ability of a supply chain to adjust its operations and adapt to changes, including demand variability, supply disruptions, and market conditions.

Supply Chain Managers

Are professionals responsible for overseeing and managing every stage of the production flow, from the acquisition of raw materials to the delivery of the final product.

Offshoring

The practice of relocating business operations from the home country to another country, often to take advantage of lower labor costs.