1) Positive, negative, zero or undefined?

To calculate the number of medium sized t-shirt to be ordered, we shall be using the proportion of students that wanted medium sized t-shirt in her survey to multiply the total number of students that we have.

From the question, we can identify that the probability that a student will like a medium sized t-shirt is simply 129/300

Now we have about 12000 students in the University, using the probability from the survey, the number of medium sized t shirt she should order would be;

129/300 * 12,000 = 129 * 40 = 5,160 medium sized t-shirts

8 0

3 years ago

Help please!!!!

shusha [124]

Dead deceased no words hahahahhahha and the first answer has me dead :’))))

7 0

3 years ago

Allowance method entries

Feliz [49]

Using the Allowance Method, the relevant transactions can be completed in the books of Wild Trout Gallery as follows:

1. Allowance for Doubtful Accounts

Accounts Debit Credit

Jan. 1 Beginning balance $53,800

Jan. 19 Accounts Receivable 2,560

Apr. 3 Accounts Receivable $14,670

July 16 Accounts Receivable 19,725

Nov. 23 Accounts Receivable 4,175

Dec. 31 Accounts Receivable 25,110

Dec. 31 Ending balance $56,500

Dec. 31 Bad Debts Expenses $55,470

Totals $116,005 $116,005

Accounts Receivable

Accounts Debit Credit

Jan. 1 Beginning balance $2,290,000

Jan. 19 Allowance for Doubtful 2,560

Jan. 19 Cash $2,560

Apr. 3 Allowance for Doubtful 14,670

July 16 Allowance for Doubtful 19,725

July 16 Cash 6,575

Nov. 23 Allowance for Doubtful 4,175

Nov. 23 Cash 4,175

Dec. 31 Allowance for Doubtful 25,110

Dec. 31 Sales Revenue 8,020,000

Dec. 31 Cash $8,944,420

Dec. 31 Ending balance $1,299,500

Totals $10,316,735 $10,316,735

3. Expected net realizable value of the accounts receivable as of December 31 = $1,243,000 ($1,299,500 - $56,500)

Allowance for Doubtful Accounts ending balance = $40,100 ($8,020,000 x 0.5%)

Allowance for Doubtful Accounts

Accounts Debit Credit

Jan. 1 Beginning balance $53,800

Jan. 19 Accounts Receivable 2,560

Apr. 3 Accounts Receivable $14,670

July 16 Accounts Receivable 19,725

Nov. 23 Accounts Receivable 4,175

Dec. 31 Accounts Receivable 25,110

Dec. 31 Ending balance $40,100

Dec. 31 Bad Debts Expenses $39,070

Totals $99,605 $99,605

4. a. Bad Debt Expense for the year = $39,070

4.b. Balance for Allowance Accounts = $40,100

4.c. Expected net realizable value of the accounts receivable = $1,259,400 ($1,299,500 - $40,100)

Data Analysis:

Jan. 19 Accounts Receivable $2,560 Allowance for Uncollectible Accounts $2,560

Jan. 19 Cash $2,560 Accounts Receivable $2,560

Apr. 3 Allowance for Uncollectible Accounts $14,670 Accounts Receivable $14,670

July 16 Cash $6,575 Allowance for Uncollectible Accounts $19,725 Accounts Receivable $26,300

Nov. 23 Accounts Receivable $4,175 Allowance for Uncollectible Accounts $4,175

Nov. 23 Cash $4,175 Accounts Receivable $4,175

Dec. 31 Allowance for Uncollectible Accounts $25,110 Accounts Receivable $25,110

Accounts Receivable ending balance = $1,299,500

Allowance for Uncollectible Accounts ending balance = $56,500

Learn more: brainly.com/question/22984282

4 0

2 years ago