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3 years ago

I toss a penny and observe whether it lands heads up or tails up. Suppose the penny is fair, i.e., the probability of

Business

1 answer:

Alexandra [31]3 years ago

7 0

Answer:

A) if I flip the coin many, many times, the proportion of heads will be approximately 1/2, and this proportion will tend to

get closer and closer to 1/2 as the number of tosses increases.

Explanation:

Probability is described as the likelihood of an event happening. It is expressed in numerical fractions between zero and one. Zero means near certainty that the event will not occur while one is a guarantee that the event is happening.

A probability of 1/2 signifies a 50 percent chance. In a coin toss, 1/2 probability means the coins have 50 chance of landing on either tail or head. A coin has only two sides. Each ill toss presents a head or tail. The more tosses one makes, the proposition of heads to tail get closer 1/2. Very many tosses will give show 1/2 to either tails or head.

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ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory. At the end of the year, th

barxatty [35]

Answer:

cost of goods sold during the year = $142,000

Explanation:

First of all, let us calculate the total cost of goods acquired during the year, as follows:

Total cost of goods acquired = beginning inventory + purchases

= 12,000 + 150,000 = $162,000

Next, we are told that there was an ending inventory of $20,000, therefore, the cost of goods sold is calculated as follows:

cost of goods sold = total cost of goods acquired - ending inventory

= 162,000 - 20,000 = $ 142,000

Therefore inventory worth $142,000 was sold during the year

5 0

3 years ago

Deferral adjustments are needed when the business:

prisoha [69]

Answer:

The correct answers are the options B and D: Pays cash before the expense has been incurred. And receives cash before the revenue has been generated.

Explanation:

To begin with, in the accounting field the term of "Deferral Adjustments" refers to those that the accountant does when they postpone the report of it in the income statement until a later period, so that means that when an event happens they might decide to postpone the report of that particular transaction doing what it is called "defer". Moreover, the two most common cases when the accountants use this technique are the ones choosen from the options, the cases B and D.

6 0

3 years ago

1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded a

klasskru [66]

Answer:

The future value is $6,894.21

Explanation:

Giving the following information:

Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

PV= 5,000

i= 0.055

n=6

FV= 5,000*(1.055)^6= $6,894.21

5 0

3 years ago

The financial statements of Trenton Office Supply include the following items: 2019 2018 Cash $ 46 comma 500 $ 43 comma 000 Sho

Juli2301 [7.4K]

Answer:

1.21

Explanation:

Current Ratio = Current Asset / Current Liabilities

= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities

= ( 46500 + 34000 + 102000 + 129000) / 257000

= 1.21

7 0

3 years ago

Read 2 more answers

Cordner Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each depa

Goryan [66]

Solution:

S1 $180,000 is allocated 70% to S2 or $126,000 ( 0.7 * 180,000 )

S2 total is $162,000 + $126,000 = $288,000

S2 $126,000 is allocated 19.7% to P2 or $81000

Under the step-method of cost allocation,

the amount of costs allocated from $2 to P2 would be $81000

5 0

3 years ago