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Answer: The account has a normal credit balance and is reported on the balance sheet.
Explanation:
The allowance for doubtful accounts refers to the amount of account receivable that the company believes will not be paid by the customers. It is referred to as the bad debt reserve as well.
The allowance for doubtful accounts reduces the accounts receivable. It also has a normal credit balance and is reported on the balance sheet.
Answer: 0.48
Explanation:
P(A/B) = P(AnB)/P(B) where:
P(A/B) = The probability of event A occurring given that B has occurred.
P(AnB) = The probability of both events A and B occurring.
P(B) = the probability that event B occurs.
So let
P(A) = Probability that the residents of a household own 2 cars.
P(B) = Probability that the annual household income is greater than $25,000.
The question tells us that
P(A/B) = 0.8
Note that: P(A) = 0.7, P(B) = 0.6.
Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.
We would Rearrange our initial equation to make P(AnB) the subject formula becoming;
P(A/B) = P(AnB)/P(B)
P(B)*P(A/B) = P(AnB)
So, inserting our probabilities into this equation gives:
0.6*0.8 = 0.48
Answer:
a) real income in one year = $65,000/1.05 = $61,904.76
real income in two year = $65,000/1.05² = $58,956.92
real income in three year = $65,000/1.05³ = $56,149.44
b) if you have a COLA agreement, then your salary will adjust to inflation. This means that your real salary will remain the same during the 3 years = $70,000 per year.
In this case, your nominal salary will increase by 5% each year, but your salary will remain equal.
Answer:
The answer is broker.
Explanation:
Broker refers to someone who function as an intermediary between a buyer and a seller. This person also helps negotiate the price between the two parties. It is clear that Robbie plays this part between the buyer and seller of heavy construction equipment. Robbie does not own the product nor does he provide any financing – which is a condition of being a broker.