Question about probability:
This year June 1 is a Friday, and June has 30 days. If there will be exactly one hail storm in June, but we have no idea on which day it will happen, what is the probability it will happen on a Saturday, and ruin your day off?
saturday will be on june 2,june 9,june16,june23 , june 30
total saturday=5
P(it will happen on a Saturday, and ruin your day off) = total satuday/total days =5/30 = 0.16667
Question about probability: This year June 1 is a Friday, and June has 30 days. If...
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The employees of Xitrex, Inc., are paid each Friday. The
company’s fiscal year-end is June 30, which falls on a Wednesday
for the current year. Salaries and wages are earned evenly
throughout the five-day work week, and $11,000 will be paid on
Friday, July 2.
Required:
1. Prepare an adjusting entry to record the
accrued salaries and wages as of June 30, a reversing entry on July
1, and an entry to record the payment of salaries and wages on...
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