Answer:
$226,300
Step-by-step explanation:
Given Allowance for Doubtful Accounts is estimated as $205,000 and Allowance for Doubtful Accounts has a debit balance of $21,300
#The amount of the adjusting entry for uncollectible accounts is calculated as below:
Hence, the amount of the adjusting entry for uncollectible accounts is $226,300
Answer:
Company A:
Company B:
Step-by-step explanation:
The initial fee is the y-intercept, as that is the cost at x = 0, or the cost before any time has passed. Afterwards, the rate the cost increases is the slope.
Linear equation in slope-intercept form:
where m is the slope and b is the y-intercept.
Company A charges $50 up front and $40 per hour afterwards, so the equation would be:
Company B charges $25 up front and $50 per hour, so:
Answer:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The central limit theorem states that "if we have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed. This will hold true regardless of whether the source population is normal or skewed, provided the sample size is sufficiently large".
Solution to the problem
Let X the random variable who represents the variable of interest. We know from the problem that the distribution for the random variable X is given by:
We select a sample of size n=64. That represent the sample size.
From the central limit theorem we know that the distribution for the sample mean is given by:
The mean for the sample distirbution would be given by:
And the deviation given by:
And then the distribution for the sample mean is:
i is defined as the square root of -1 or