the book is Systems Understanding Aid 9th editionAfter the Systems Understanding Aid (SUA) is completed and graded, it is yours to keep and use for future reference. You should mark all parts of the materials as you consider appropriate, except for journals, ledgers and documents. These will be handed in for grading and should include only the information stated in the Aid requirements. It is suggested that journals, ledgers, documents and schedules be neatly prepared in pencil to facilitate corrections. Any type of paper can be used for schedules as long as they are neatly prepared and can be easily read. The penalty for unexcused late assignments is 50% of the maximum points.REFERENCE BOOKCHAPTERINSTRUCTIONS,FLOWCHARTSAND LEDGERS BOOKHAND-IN*1 & 23PART 1You are following Option 1 on pages 10 and 11 of the Instructions, Flowcharts and Ledgers book.Read Introductory information, pages 3-12, 16 and scan 25-43. Scan through all documents in the Documents Folder. Your instructor will tell you which version of Document No. 1 to use – blue or green. Destroy the other version.Carefully read Option 1, page 10.Go through all transactions on the transactions list (Document No. 1) and write S & CR, P & CD, or PR beside each transaction as follows:$ Sale, sales return, cash receipt, or charge-off (S & CR)$ Purchase of goods or services or cash disbursement, except for payroll (P & CD)$ Payroll (PR)Every transaction must be identified as one of these three types.Sales and Cash ReceiptsStudy flowcharts on pages 18-21.Complete the seven-step process for recording a transaction on pages 11 and 12 for all sales and cash receipts transactions on the transactions list.Complete WAREN'S MONTH-END PROCEDURES 1, 2, 5, 6, and 7 on pages 12 and 13 for sales and cash receipts only.Complete WAREN'S YEAR-END PROCEDURE 6 on page 15 (accounts receivable aged trial balance only using an excel spreadsheet. Make sure this spreadsheet is uploaded separately or included as a worksheet tab with your electronic worksheet and financial statements that you will hand in at the end of the whole assignment.)Due: ____________________________Schedules showing balances in the following general ledger accounts: 10100, 10200, 10300, 30100, 30200, 30300.Accounts receivable aged trial balance.Sales and cash receipts journals, finalized.4 & 6PART 2Purchases and Cash DisbursementsStudy flowcharts on pages 22 and 23.Complete the seven-step process for recording a transaction on pages 11 and 12 for purchases and cash disbursements on the transactions list.Complete WAREN'S MONTH-END PROCEDURES 1, 2, 5 and 6 on pages 12 and 13 for purchases and cash disbursements only.Complete WAREN'S YEAR-END PROCEDURE 6 on page 15 (accounts payable and fixed asset trial balances only).Due:Schedules showing balances in the following general ledger accounts: 10100, 10800, 20100, 30500, 30600, 30700, 30800, 40200, 40300, and 41000.Accounts payable and fixed asset trial balances.Purchases and cash disbursements journals, finalized.5PART 3Payroll and Month-end ProceduresStudy flowchart on page 24.Complete the seven-step process for recording a transaction on pages 11-12 for all payroll transactions on the transactions list.Complete all WAREN'S MONTH-END PROCEDURES on pages 12 and 13 not yet completed.Due:Payroll journal, finalized.1PART 4Year-end Procedures and Completing the ProjectComplete all WAREN'S YEAR-END PROCEDURES on pages 13 through 15 not yet completed.For the worksheet and financial statements, do the Electronic Spreadsheet assignment. Even though you have adjusting entries in the electronic worksheet, you must still write in the adjusting journal entries into the general journal and post them to the general ledger accounts by hand.Do WRAPPING UP on page 15.DO not forget to do closing entries in the general journal and post the to the general ledger accounts. Remember close (zero out) all revenue, expense, dividend accounts. The offsetting amounts increase or decrease retained earnings.Do WRAPPING UP on page 15.Due:Entire project including all schedules, ledgers, journals, and filed documents and records.Exception: Do not turn in Reference book.*All documents and records are to be filed following the instructions on the front of the Documents Folder.You don't have to do the Electronic Spreadsheet assignment

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Competency 2 Statement Utilizing statistical probability models, you will be able to evaluate and analyze business data under uncertainty conditions. You will also be able to create and test hypotheses and draw conclusions based on samples of data. Reflection Consider the following: Many business activities generate data that can be thought of as random. An example described in the textbook is the servicing of cars at an oil change shop. Each car entering the shop can be considered an experiment with random outcomes. A variable of interest in this experiment could be the amount of time necessary to service the car. Service time will vary randomly with each car. Often, we can capture the most relevant characteristics of a stochastic process with a simple probability distribution model. We can then analyze the model to make predictions and drive decisions. For instance, we could estimate the number of technicians the oil change shop needs to service demand on a Saturday afternoon. Respond to the following questions: What is a random variable?  How would you differentiate a discrete       from a continuous random variable? A laptop manufacturing company has implemented a 2-step process to test the quality of each production batch. In the first step, a technician randomly selects 15 laptops from the batch and determines whether they meet specifications. The batch is considered acceptable provided no more than 1 laptop fails to meet specifications. Otherwise, the entire batch has to be tested in the second step. Historical data shows that 95% of the laptops produced adhere to specifications. Reflect on the following in a minimum of 500 words: What are the 4 characteristics of a       binomial experiment? Can we use a binomial distribution to       model this process? What is the probability that the entire       batch unnecessarily has to be tested if in fact 95% of its laptops       conform to specifications? (Hint: Use Excel’s =BINOMDIST() function to       find the probability) What is the probability that the batch       is incorrectly accepted if only 75% of its laptops actually conform to       specifications? What situations in your organization       might this type of analysis apply to? Explain.