Fast auto service provides oil and lube service for cars. it is known that the mean time taken for oil and lube service at this garage is minutes per car and the standard deviation is minutes. the management wants to promote the business by guaranteeing a maximum waiting time for its customers. if a customer's car is not serviced within that period, the customer will receive a discount on the charges. the company wants to limit this discount to at most of the customers. what should the maximum guaranteed waiting time be? assume that the times taken for oil and lube service for all cars have a normal distribution.

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.