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2 years ago

On october 1 a client pays a company the full 12000

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1 answer:

asambeis [7]2 years ago

3 0

Using the accrual method, the unearned revenue as of December 31 is $12,000.

<h3>What is Unearned revenue?</h3>

Unearned revenue can be defined as the amount a company received from their client for the service they are yet too rendered.

Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000.

Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet too rendered to their client

Thus, using the accrual method, the unearned revenue as of December 31 is $12,000.

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Explanation:

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2 years ago

What is the value of 67th percentile in a standard normal distribution?

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Let Z be a random variable following the standard normal distribution with mean µ = 0 and standard deviation σ = 1.

The 67th percentile of the distribution is the value z that separates the bottom 67% of the distribution from the top 100% - 67% = 33%. In terms of probability, we have

Pr[Z ≤ z] = 0.67

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1 year ago

Suppose that IQ scores have a bell-shaped distribution with a mean of 101 and a standard deviation of 12. Using the empirical ru

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95.44% IQ scores are between 77 and 125

We're given,

Mean (a)=101

standard deviation (b)=12

To find : $P[77 < x < 125]$

Using Empirical Rule:

∴ $P[77 < x < 125]$ $=$ $P[\frac{77-101}{12} < \frac{x-a}{b} < \frac{125-101}{12}]\\$

$=P[-2 < z < 2]\\$

$=P[Z < 2]-P[Z < -2]\\$

$=0.9772-0.0228\\$

$=0.9544$ =95.44% (approx)

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This excerpt best illustrates Kurt Vonnegut’s message that everyone in a society should have equal talent and beauty. Advances i

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2 years ago

How can scientists ensure that their results are reliable? check all that apply. by making multiple observations by repeating tr

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The scientists ensure that their results are reliable by repeating trials.

Given that scientists ensure that their results are reliable.

We are required to tell the way how scientists ensure that their results are reliable.

Reliability is basically defined as the probability that a product, system, or service will perform its intended function adequately for a specified period of time, or will operate in a defined environment without failure.

Reliability increases from repeating trials.It is like vaccines. Firstly the trials to be made on small number of persons, then the numbers increases and then ultimately the trials are done on the large number of persons.

Hence the scientists ensure that their results are reliable by repeating trials.

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