Calculate the revenue for the year ending december 31, 2016, based on the information given below. 2016 2017 retained earnings, january 1 $14,500 $ x revenue for the year y 48,500 expenses for the year 44,800 42,700 dividends paid 3,500 5,700 the ending balance of retained earnings on december 31, 2017, is $18,500. $15,400 $52,200 $33,800 $18,400

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?