March 2 The customer that purchased on credit on February 15 pays $88,000 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer -- selling price $83,000 - cost of the inventory sold $24,000. The customer pays cash. The cash is deposited into Little Bank. March 15 Take $25,000 cash out of Little Bank to pay employees for wages they have earned. March 16 Purchase $71,250 of additional inventory. OPJ will pay the manufacturer 50% of the $71,250 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer --selling price $121,000 - cost of the inventory sold $38,000. The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer -- selling price $178,500 -- cost of the inventory sold $35,500. The customer pays $25,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $44.000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank. March 30 Take $35,250 cash out of Little Bank to pay employees for wages they have earned. Additional Information ayable ank: Interest due to Big Bank on the Note Payable for the month of March is $650. As of March 31 OPJ owes Big Bank a total of $1,250 for interest ($600 for February + $650 for March). Interest will be paid to Big Bank in June. Sampling Methods: Benefits Package An important part of employee compensa tion is a benefits package, which might include health insurance, life insurance, child care, vacation days, retirement plan, parental leave, bonuses, etc. Suppose you want to conduct a survey of benefits packages available in private busi- nesses in Hawaii. You want a sample size of 100. Some sampling techniques are described below. Categorize each technique as simple random sample, stratified sample, systematic sample, cluster sample, or convenience sample. (a) Assign each business in the Island Business Directory a number, and the use a random-number table to select the businesses to be included in the sample. March 2 The customer that purchased on credit on February 15 pays $88,000 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer -- selling price $83,000 - cost of the inventory sold $24,000. The customer pays cash. The cash is deposited into Little Bank. March 15 Take $25,000 cash out of Little Bank to pay employees for wages they have earned. March 16 Purchase $71,250 of additional inventory. OPJ will pay the manufacturer 50% of the $71,250 in 10 days. OPJ will pay the remaining 50% in 30 days. March 17 Sale of inventory to a customer --selling price $121,000 - cost of the inventory sold $38,000. The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer -- selling price $178,500 -- cost of the inventory sold $35,500. The customer pays $25,500 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $44.000 cash. The cash is taken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank. March 30 Take $35,250 cash out of Little Bank to pay employees for wages they have earned. Additional Information ayable ank: Interest due to Big Bank on the Note Payable for the month of March is $650. As of March 31 OPJ owes Big Bank a total of $1,250 for interest ($600 for February + $650 for March). Interest will be paid to Big Bank in June. Sampling Methods: Benefits Package An important part of employee compensa tion is a benefits package, which might include health insurance, life insurance, child care, vacation days, retirement plan, parental leave, bonuses, etc. Suppose you want to conduct a survey of benefits packages available in private busi- nesses in Hawaii. You want a sample size of 100. Some sampling techniques are described below. Categorize each technique as simple random sample, stratified sample, systematic sample, cluster sample, or convenience sample. (a) Assign each business in the Island Business Directory a number, and the use a random-number table to select the businesses to be included in the sample
