Answer:
The correct answer is letter "B": journal to the ledger.
Explanation:
The activity in which accountants transfer information from the journals to the general ledger is called posting. By posting, only the balances are transferred to the general ledger, not individual transactions. There are no set intervals in which postings should be made. It depends on how often the activities of the company requests it.
Joe is risk averse so joe would accept $100 instead of the coin toss. Joe is about to flip a fair coin and will receive $400 if it comes up heads and owe $200 if it comes up tails.
<h3>What Is Risk Averse? </h3>
The term risk-averse describes the investor who chooses the preservation of capital over the potential for a higher-than-average return. In investing, risk equals price volatility. A volatile investment can make you rich or devour your savings.
<h3>What are risk-averse and risk-seeking?</h3>
Risk-seeking confers a high degree of risk tolerance or the number of potential losses an investor is willing to accept. In contrast with risk-seeking investors, risk-averse investors seek low-risk investments and are willing to accept a lower rate of return because of the desire to preserve capital.
To learn more about Risk Averse visit the link
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Answer:
see below
Explanation:
In this transaction, Rs. 700 is used to pay for rent that the proprietor uses for personal use. The transaction will be captured in the drawings account. A drawing account is used to track all the money owners take from a business for personal use. The amount taken to pay rent, Rs. 700 will be debited Drawings A/c.
The transaction will decrease cash ( asset account) by Rs. 700. A decrease in assets is credited. Therefore, the cash account will be credited by Rs.700
The journal entry will be
Drawings A/c Dr. Rs.700
Cash A/c. Cr Rs.700
Answer:
$0
Explanation:
Probability of getting a six and a tail:
= (1 ÷ 6) × (1 ÷ 2)
= 1 ÷ 12
Probability of not getting a six and a tail:
= 1 - (1 ÷ 12)
= (11 ÷ 12)
Therefore, the expected value is as follows:
= (Probability of getting a six and a tail × Gain) - (Probability of not getting a six and a tail × Lose)
= [(1 ÷ 12) × $110] - [(11 ÷ 12) × $10]
= $0
Hence,
For 45 times,
Money expected = 45 × $0
= $0
