no_one

 A standard deck of 52 cards consists of 4 suits (hearts, clubs, diamonds, and spades). If a student deals 3 cards from a standard deck, determine the probability to the nearest hundredth, that at least one card is a heart. Use the method stated below:

a. direct reasoning (2 marks)

b. indirect reasoning (2 marks)

6. Using the Conditional Probability formula to find the following probabilities.

a. If P( A) = 5/7 and P(B/A) = 2/6, then find P( A∩B), as a fraction in lowest terms. (1 mark)

b. If P( A∩B) =0.09 P( A) =0.2, then find P(B/A) , to the nearest hundredth. (1 mark)

a. Rolling a 5 and then a 3 on a six-sided dice. (1 mark)

b. Randomly pulling a white sock from a drawer that contains both white and black socks, not replacing it, and then pulling a black sock from the drawer. (1 mark)

c. Getting a red gumball and then a blue gumball from a gumball machine. (1 mark)

d. Pulling a card from a standard deck of 52 cards, not replacing it, and then pulling another card from the deck. (1 mark)

e. Pulling a card from a standard deck of 52 cards, replacing it, and then pulling another card from the deck. (1 mark)

State if the following events are mutually exclusive or non-mutually exclusive. Give one reason for each answer.

a. Rolling an odd number or rolling an even number on a six sided die.

b. Rolling a 3 or rolling an odd number on a six sided die.

A standard deck of 52 cards consists of 4 suits (hearts, clubs, diamonds, and spades) if a student deals 3 cards from a standard deck, determine the probability to the nearest hundredth, that at 

a. Direct reasoning

b. Indirect reasoning

On January 2, Penny Worth Ltd. sold merchandise on account to R. Donald for $49,000, terms n/30. 

The company uses a perpetual inventory system and the merchandise originally cost $28,800. 

On February 1, R. Donald gave Penny Worth a five-month, 6% note in settlement of this account. 

Interest is due at the beginning of each month, starting March 1. 

On April 30, Penny Worth’s year end, annual adjusting entries were made. 

On July 1, R. Donald paid the note and any remaining interest. 

what would be the journal entry for April 30?

At the beginning of May, Sweetwater Limited, which records adjusting entries at the end of each month, had an Accounts Receivable amount of $30,000 and an Allowance for Doubtful Accounts balance of $5,300. During May, the company had credit sales of $40,400 and collected $34,300 from customers. It also wrote off a certain amount of uncollectible receivables during the month and recorded a certain amount of bad debts expense at the end of the month. No accounts that were written off during the month were subsequently recovered. At the end of May, after all journal entries had been recorded and posted, the balance in Accounts Receivable was $33,400 while Allowance for Doubtful Accounts had a balance of $4,800.

what would be the amount for write off and bad debts?