Find the Odds. -If Two Fair Dice Are Thrown,what Are the Odds of the Odds

question 37

Multiple Choice

Find the odds.
-If two fair dice are thrown,what are the odds of obtaining a sum of 7?

• A)3:4
• B)1:6
• C)1:5
• D)5:1

---

Definitions:

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect.

Aging Schedule

A table summarizing the amounts owed to a business, grouped by the length of time the bills have been outstanding, used to monitor and manage receivables.

Old Accounts Receivables

Outstanding invoices a company has yet to collect from customers past the due date.

Percentage of Receivables Basis

An accounting method used to estimate the amount of receivables that will not be collected by calculating a percentage of the total receivables.