Answer:
Check the explanation
Step-by-step explanation:
Journal entries are as follows:-
Date Account Titles Debit Credit
Oct-01. 8% Note Receivable $35,000.00
Land $30,000.00
Gain on sale $5,000.00
(Sale of Land)
Dec-31 Interest Receivable $700.00
Interest Revenue $700.00
(Interest revenue on Note for 3 mon. recognized)
($35,000 * 8% *3/12 = $700)
It will take 2 years.
Year 1 :
4% 2.5k = 2.5k/100 × 4 = $100 in interest
$2.5k + $0.1k = $2.6k
Year 2 :
4% 2.6k = 2.6k/100 × 4 = $104 in interest
$100 + $104 = $204 > $200
There may be a simpler way to solve this using a formula for example, but I just solved this step by step. Please feel free to ask if you have any questions
Try and find the common denominator which is 6 since 2×3 is 6 then once u get ur denominator u have to find the numerator which would be 4/6+3/6 And that would equal 7/6 and if you would u would keep it like that but if u would have to change it into a mixed fraction it would be 1 and 1/6
Hoped this helped
Answer:
Experimental probability is likely to be slightly different from theoretical probability.
Step-by-step explanation:
This is because there is a 50-50 chance, but it is unlikely to be exactly 100-100. That is just to hypothesis!