Answer:
The correct answer is Chunking
Explanation:
Answer:
$13,290.89 and $15,734.26
Explanation:
In this question we have to use the Present value function which is shown on the attachment below:
In the first case
Provided that
Future value = $0
Rate of interest = 12% ÷ 12 months = 1%
NPER = 48 months
PMT = $350
The formula is shown below:
= PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $13,290.89
In the second case
Provided that
Future value = $0
Rate of interest = 12% ÷ 12 months = 1%
NPER = 60 months
PMT = $350
The formula is shown below:
= PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $15,734.26
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Answer:
The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.
The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.
Explanation:
Saint Petersburg Gambles
The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.
The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.
Answer:
Explanation:
1. The journal entries are shown below:
On December 1
Cash A/c Dr $1,260
To Deferred Service Revenue $1,260
(Being cash is received)
On December 31, 2016
Deferred Service Revenue $420 ($1,260 ÷ 3 months)
To Service revenue $420
(Being service revenue is recorded)
2. Income statement
Earned income from car washing services $420
Balance sheet
Assets
Cash $1,260
Liabilities
Deferred Service Revenue $840 ($1,260 - $420)
