Answer:
Sales Discounts 190 debit
Allowance for Sales Discounts 190 credit
Explanation:
From the current accounts receivable, the company has 10,000 within discount period and t expect the customer will take them so:
10,000 x 2% = 200 expected discount
currenly the accouting balance for the expected discount is 10 so:
200 - 10 = 190 allowance for sales discounts adjustment.
Remember we do this adjustment to match the expenses or discount withthe period they are generated. Not doing so, will imput discount to the next period for transaction which occurs in the current one.
Answer:
in folklore, a narrative containing information about actual persons and events. Originating from the tales of eyewitnesses, the traditional account departs from its original factual basis when retold and becomes subject to free poetic interpretation.
Answer:
TRUE
Explanation:
This is known as historical cost, a common term in generally accepted accounting principles (GAAP). It's the original cost recorded in the balance sheet when an asset acquisition is recorded. It takes into consideration all of the items that can be attributed to its purchase and putting the asset to use. These items include the purchase price and such factors as commissions, transportation, appraisals, warranties, installation, and testing. For example, if a company buy a computer system, the original cost can include delivery charges, sales taxes, and setup fees.
Answer: b. $30; $20; $0
Explanation:
<em>Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on these prices, the marginal cost of visiting Dollywood the second day is </em><em><u>$30</u></em><em>, the third day is </em><em><u>$20</u></em><em>, and the fourth day is </em><em><u>$0.</u></em>
The marginal cost is the extra cost per day of going to Dollywood.
Second day
Marginal cost = Second day price - First day
= 80 - 50
= $30
Third day
Marginal cost = Third day price - Second day
= 100 - 80
= $20
Fourth Day
Marginal cost = Fourth day price - third day
= 100 - 100
= $0
The questions are;
a) What is the probability that both Alice and Betty watch TV tomorrow?
b) What is the probability that Betty watches TV tomorrow?
<span>c) What is the probability that only Alice watches TV tomorrow?
the probability of alice turning on the tv is 0.6
the probability of betty watching the tv once the tv is on is 0.8
a)
in probability when the word and is mentioned then that means that both the conditions should occur therefore the probability of both instances are multiplied
the probability of alice watching tv - 0.6
probability of betty watching tv is 0.6 * 0.8 = 0.48
since the </span>probability of betty watching tv depends on both alice switching on the tv and of betty actually watching tv
therefore the probability of both watching tv = 0.6 * 0.48 = 0.288
b)
probability of betty watching tv alone is dependent upon alice turning on the tv
this is conditional probability, where one condition is depedent on another condition, in this case both alice should turn on the tv and betty should watch tv.
Therefore we have to multiply the probabilities of both events
probability of betty watching tv as calculated above is 0.6 * 0.8 = 0.48
c)
only alice watching tv means that betty doesn't watch
the probability of betty not watching the tv = 0.6 * 0.2 = 0.12
this too, 2 events should occur. Alice should switch on the tv and betty should not watch tv. Therefore these 2 probabilities should be multiplied
therefore probability of only alice watching tv = 0.6 * 0.12 = 0.072