Grear tire company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. management also believes that the standard deviation is 5000 miles and that tire mileage is normally distributed. to promote the new tire, grear has offered to refund some money if the tire fails to reach 30,000 miles before the tire needs to be replaced. specifically, for tires with a lifetime below 30,000 miles, grear will refund a customer $1 per 100 miles short of 30,000. for each tire sold, what is the expected cost of promotion?

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.