On January 1, Year 1, St. Clair Corporation issues 7%, 11-year bonds with a face amount of $90,000 for $83,497. The market inter
est rate is 8%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 7%, 11-year bonds with a face value of $90,000 for $83,497. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01
2 answers:
You might be interested in
Answer and Explanation:
Data provided in the question
defect rate i.e. = 1.50%
the sample size = n = 200
Now
= 0.008595057
Now the 3 sigma control limits is
UCL_p = + 35p
= 0.015 + 3 (0.008595057 )
= 0.04078517
LCL_p = - 35p
= 0.015 - 3 (0.008595057 )
= 0
hence, the 3 sigma control limits are UCL 0.04078517 and LCL 0 respectively