A Bakery Conducts Checks Each Day to Make Sure That

question 9

Multiple Choice

A bakery conducts checks each day to make sure that its scales are weighing accurately. It checks once per day and there is a chance that the scales need adjusting of 0.15 each day. If it checks 30 times in a month, what are the chances of the scales needing adjusting on precisely 5 occasions (3 decimal places) ?

• A) 0.156
• B) 0.166
• C) 0.176
• D) 0.186

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the business's operating cycle, whichever is longer.

Fixed Asset Turnover Ratio

A financial metric that measures a company's ability to generate net sales from its fixed assets, such as plant, property, and equipment, indicating efficiency in using these assets to generate revenue.

Marketing Efforts

Initiatives undertaken by a company to promote and sell its products or services to its target market.

Total Assets

The sum of all owned resources with economic value that a company or individual possesses.