A Die Is Rolled

question 5

Multiple Choice

A die is rolled.If it rolls to a 1,2,or 3 you win $2.If it rolls to a 4,5,or 6 you lose $1.Find the expected winnings.

• A) $0.50
• B) $3.00
• C) $1.50
• D) $1.00

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information to help in decision-making.

Supplies Used

The amount of supplies consumed during a specific period, which may be accounted for as an expense.

Balance Sheet

A ledger entry detailing a business’s resources, debts, and equity ownership at a fixed point in time.

Adjustment

A modification made to an account or financial statement to correct an error or reflect new information.