The beginning balance in A/R is $44,000 and the ending balance is $42,000. The sales during the period are $129,000. What are the cash receipts from customers?

Which of the following accounts is used for recording merchandise for resale?

A) Purchases B) Purchase Discounts C) Purchase Discounts Lost D) Sales

New information obtained through research or experimentation that enables an updating or revision of the state-of-nature probabilities is known as

a. joint probability. b. sample information. c. conditional probability. d. expected utility.