Bavarian Sausage Stock Has an Average Historical Return of 16

question 65

Multiple Choice

Bavarian Sausage stock has an average historical return of 16.3% and a standard deviation of 5.3%.What is the probability that the return on Bavarian Sausage will be higher than 26.9 %?

• A) 5%
• B) 2.5%
• C) 16%
• D) 95%

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the check issuer's accounting records but have not been cashed or cleared by the bank.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period.

NSF Check

A cheque that cannot be processed because the writer's account lacks sufficient funds, standing for "Non-Sufficient Funds."

Debit Memorandum

A document or entry that records an adjustment or reduction in expenses payable to a vendor or an increase in inventory cost.