Suppose the monthly charges for cell phone plans are normally distributed with mean μ=$56 and standard deviation Ï=â$15. â(a) Draw a normal curve with the parameters labeled. â(b) Shade the region that represents the proportion of plans that charge less than â$41. â(c) Suppose the area under the normal curve to the left of X=â$41 is 0.1587. Provide an interpretation of this result.

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?