A process filling small bottles with baby formula has a target of 3 ounces ± 0.15 ounce. Two hundred bottles from the process were samples. The results showed the average amount of formula placed in the bottles to be 3.042 ounces. The standard deviation ofthe amounts was 0.034 ounce. Determine the value of Cpk. Does it meet the 3-sigma quality control standard?

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At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?

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