Answer:
$9,900
Explanation:
With regards to the above, the percentage of credit sales method estimates bad debt expense by multiplying historical percentage of bad debt losses by the current period's credit sales.
Bad debt expense = Net credit sales × Bad debt loss rate
Bad debt expense = $198,000 × 0.05
Bad debt expense = $9,900
Therefore, estimated bad debt expense for the year is $9,900
Answer:
The correct answer would be $5
Explanation:
The formula to use is "Expected return to player" which is
E(x) = x.p(x)
where x is the return to player if they win
and p(x) is the probability of winning.
So here,
x = $100 (return to player for winning)
p(x) = 1/50 (probability of winning)
Therefore expected return to player is
E(x) = x.p(x)
= $100 x 1/50
= $100/50
= $2
Cost: $7
Expected return to player is $2.
Therefore Loss (to player) is Cost minus Expected return
= $7 - $2 = $5 <---- expected value for the carnival to gain,
The loss to the player is the carnival's gain. It's $5.
Answer:
Evaluate performance
Explanation:
The mbo process is a time where an employee and manager work together and sets record for a particular period of time.
This step in the mbo process is evaluation of performance. Under this step, the manager reviews the work of the employee from the question, this is what Brenda is doing with Ethan. She is evaluating his performance.
Answer: Unity of command - all workers understand clearly what they need to do because only one "boss" is giving them instructions.
Explanation:
A functional organization is an organization where departments are formed according to areas of specialization and a leader is placed over each department to supervise work carried out by employees. This structure of organization makes control and running very easy because each worker knows who to report to at every given point in time.
