This is binomial
distribution problem. <span>
We are given that:</span>
n = sample size = 500
p = proportion which
burns wood = 0.27,
q = proportion which
does not burn wood = 1-p = 0.73
<span>
A. Mean is calculated as:</span>
Mean = n*p
Mean = 500 * 0.27
Mean = 135
<span>
B. Variance is calculated as:</span>
Variance = n*p*q
Variance = 500*0.27*0.73
Variance = 98.55
<span>
C. Standard deviation is calculated as:</span>
Standard deviation = sqrt(variance)
Standard deviation =
sqrt(98.55)
<span>Standard deviation =
9.93</span>
Answer:
The amount of net revenue Eagle should report for Year 5 is $ 80,000.
Explanation:
Under Cash basis of accounting revenue and expenses are recorded when payment against them is made or received. Expenses and revenues incurred are not relevant.
The amount of net revenue will comprises of revenue received in cash during the reporting period. Detail Calculations are given below.
Cash Sales $ 80,000
Returns and allowances ($ 4,000)
Discounts ($ 6,000)
Opening Receivable $ 40,000
Closing Receivable ($ 30,000)
Net revenue $ 80,000
It is a product design manager
To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
Read more on prepaid rent account;
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