A Dry Cleaning Firm Has 6 Employees: 4 Women and 2

question 86

Multiple Choice

A dry cleaning firm has 6 employees: 4 women and 2 men. 2 of the women and 1 of the men are 42 years old or older. The remainder are over 20 years of age and under 42. If a person is chosen at random from this firm, what is the probability that the person is under 42 years of age? ​

• A)Pr(under 42) =
• B)Pr(under 42) =
• C)Pr(under 42) =
• D)Pr(under 42) =
• E)Pr(under 42) = ​

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Definitions:

Uncollectible Accounts

Accounts receivable that a business is unable to collect, often written off as a bad debt expense.

Accounting Equation

A fundamental financial equation representing the relationship between assets, liabilities, and equity (Assets = Liabilities + Equity).

Allowance Method

A method of accounting for bad debts that involves estimating uncollectible accounts at the end of each period.

Reinstated Account

Refers to an account that has been reactivated after being suspended or closed, typically after addressing issues that led to its suspension or fulfilling necessary requirements.