As a customer walks into the branch office during the lunch hour, he asks the branch manager how long he can expect to wait. the branch manager replies, almost certainly less than 5 minutes." on the basis of the results of (a) through (c), evaluate the accuracy of this statement. choose the correct response below. a. since the mean and median are both greater than 5 minutes, the customer is likely to experience a waiting time in excess of 5 minutes.
b. since the range of values is greater than 5 minutes, the customer is likely to experience a waiting time in excess of 5 minutes.
c. since the standard deviation is less than 5 minutes, the customer is likely to experience a waiting time less than 5 minutes.
d. although both the mean and median are greater than 5 minutes, all values greater than 5 minutes have a z score greater than plus+3.0, thus they are outliers. this means the branch manager's statement is accurate

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?