Find the Probability. -The Kings Are Separated from a Deck of Standard Playing

question 72

Multiple Choice

Find the probability.
-The kings are separated from a deck of standard playing cards and shuffled. One king is randomly Selected. What are the odds in favor of drawing a black card?

• A) 1 to 2
• B)1 to 4
• C)4 to 1
• D)1 to 1

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Definitions:

Uncollectible Accounts

Accounts from which businesses are unable to obtain payment, often leading to writing off these amounts as a bad debt expense.

Allowance Method

A method used in accounting to estimate the amount of uncollectible accounts receivable. This ensures revenues and expenses are matched in the period they are incurred.

Allowance for Doubtful Accounts

This is a contra-asset account used to estimate the portion of accounts receivable that may not be collectible.

Accounts Receivable

Funds that customers owe a company for goods or services already provided but not yet compensated for.