Answer: The probabilities of winning a contract are
Let the Probability of C winning the contract - P(C) be 'X'
Then,
Probability of B winning the contract - P(B) will be '7X' and
Probability of A winning the contract - P(A) will be 
Since the total of all the probabilities is 1,
So,
Answer: Debit Accounts Receivable -Valley Spa of $10,438 Credit interest revenue $238, Credit Notes receivable $10,200
Explanation:
Interest Revenue = Principal x Rate X time
$10,200 x 14% x 60/ 360 ( Using 360 days in a year)
$238
Journal to record dishonored note for Tubman
Accounts titles and explanation Debit Credit
Accounts receivable $10, 438
Interest revenue $238
Notes receivable $10,200
Answer:
9.1%
Explanation:
With regards to the above, margin is computed as;
Margin = (Net operating income ÷ Sales) × 100
Given that:
Net operating income = $2,597,140
Sales = $28,540,000
Margin = ($2,597,140 ÷ $28,540,000) × 100
Margin = 9.1%
Answer:
$69
Explanation:
Calculation for Central Park's taxable income
Pretax accounting income $80
Less Temporary differenceDepreciation (15)
($35 – $20)
Bad debt expense $4
($6 – $2)
Taxable income$69
($80-$15+$4)
Therefore Central Park's taxable income will be $69
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