Current market conditions
The probability that two of the next three customers will make a purchaseis mathematically given as
P(1) =0.441
<h3>What is the
probability that two of the next three
customers will make a purchase?</h3>
Generally, the equation for Probablity is mathematically given as
A)
P(1) = 3 C 1 (0.3)^1 (0.7)^2
P(1) =0.441
B)
n=1000
E (x) =np = 1000x0.3
E (x) =3.00
C)
Variance= mpq
Variance= 300 x0.7
Variance= 210
In conclusion,
P(1) =0.441
E (x) =3.00
Variance= 210
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Answer:
$300 has been reduced from the money supply.
Explanation:
The taxes act as leakage from the circular flow of money. Unless they are spent and injected back as government spending they would be treated as a leakage that has left the circular flow.
Similar effect happens with the savings amount. A saving is a leakage and thus the remaining amount which is $20 after paying for golf clubs and taxes can also be said to have left the circular flow of income and so reducing money supply.
$100 of the original $400 is still left in the flow and money supply as it is still in the checking account after the transaction.
Hope that helps.
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
<h3>What is called
Shirking?</h3>
A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
Read more about Shirking
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Answer:
The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100
Explanation:
Providing allowance for doubtful debts
A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.
Calculations
<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>
Credit Sales × % of allowed provision
$805,000 × 2.0%
$16,100
<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>
<em>Hint : Open Allowance for Doubtful Debts T Account:</em>
<u>Credits :</u>
Opening Balances 4,000
Balancing Figure (Profit and Loss) 12,100
Totals 16,100
<u>Debit:</u>
Closing Balance 16,100
Totals 16,100
