Builtrite has calculated the average daily cash flow to be $34,000 with a standard deviation...

90.2K

Verified Solution

Question

Accounting

Builtrite has calculated the average daily cash flow to be $34,000 with a standard deviation of $6000. The store manager will receive a 3% weekly bonus if the daily cash flow falls in the top 4%. What is the daily cash flow amount that would earn the manager a bonus? (Assume a normal distribution.)

Group of answer choices

$34,600

$39,680

$44,500

$46,880

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students