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Example: The probability that a student owns a car is 0.65, and the probability that a student owns a computer is 0.82. If the probability that a student owns a car or a computer is 0.92, what is the probability that a given student owns both a car and a computer?
11:51 Question #1 Shoreside Inc. had the following transactions. Indicate how much the accounts are increased or decreased by each transaction. (Put the amount of the change in the blank. Use a negative (-) sign to show a decrease. Leave the account blank if it is not affected.) B) T A) The Company performs services sev for $10,500 cash. How does this affect pay the Cas the following accounts? Cash Supplies Equipment Accounts Receivable Accounts Payable Notes Payable Common Stock Revenue Rent Expense Dividends Sup Equ Acc Acc Not Com Rev Ren Divi
11:51 Question #1 Shoreside Inc. had the following transactions. Indicate how much the accounts are increased or decreased by each transaction. (Put the amount of the change in the blank. Use a negative (-) sign to show a decrease. Leave the account blank if it is not affected.) B) T A) The Company performs services sev for $10,500 cash. How does this affect pay the Cas the following accounts? Cash Supplies Equipment Accounts Receivable Accounts Payable Notes Payable Common Stock Revenue Rent Expense Dividends Sup Equ Acc Acc Not Com Rev Ren Divi
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Answer #1

Q1:

By the given transaction, balance in cash account increases by $10500 & revenue account also increases by $10500.

Since,the company performs the services on cash, cash account will be debited& not accounts receivable. And the company provides its services so revenue account will be credited.

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