Last year Anderson Corporation reported a cost of goods sold of $108,000. The company's inventory at the beginning of the year was $12,600, and its inventory at the end of the year was $21,400. The prepaid expense account increased by $2,800 between the beginning and end of the year, and the accounts payable account decreased by $4,800. Cost of goods sold adjusted to the cash basis under the direct method would be:

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?