Explanation and answer:
If if the possible outcomes are xi, and the corresponding probability is pi, where i is one of the N events, then the expectation [E] is given by
[E] = sum (xi*pi)
In the given case, n= frequency of the event, N=50=total number of events
i n xi pi n*xi*pi
1 40 0 40/50 40*0*40/50 = 0
2 8 20 8/50 8*20/50 = 3.20
3 1 100 1/50 1*100/50 = 2.00
4 1 500 1/50 1*500/40= 10.00
Total (expected gross winning) = 15.20
Person has already paid $10,
so the expected net winning = 15.20 - 10 = 5.20
Assets Liabilities
10,000 8,000
250,000 175,000
8,000
Total Total
268,000 183,000
Fundamental Accounting Equation
Assets - liabilities= Equity
268,000-183,000=
85,000 is net worth
Hope this helps :)
( I'm doing accounting too)
Answer:
Corporate chain
Explanation:
The corporate chain is that chain that owns its multiple outlets so that it can ensure the day to day activities, profit or losses for a given period of time.
The aim of this to maximize the profit to the greatest extent and captures the market by providing them excellent services so that it can achieve the highest growth during a particular period which results in them into maintaining its reputation and goodwill
Answer:
c. Accumulated Depreciation
Explanation:
The balance sheet is used to show the balance of the assets, liabilities and owners equity at a given period.
When a fixed asset is purchased, it is recognized at cost. As it is used, it is depreciated by debiting the depreciation expense in the income statement and crediting the accumulated depreciation in the balance sheet.
Hence the account other than Computers, that should appear on the balance sheet as of December 31, 2016 is Accumulated Depreciation
