When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 11 or to bet $15 that the outcome is any one of the five possibilities 00 comma 0 comma 1 comma 2 comma or 3. The gambler knows that the expected value of the $15 bet for a single number is negative $ 1.58. For the $15 bet that the outcome is 00 comma 0 comma 1 comma 2 comma or 3, there is a probability of StartFraction 5 Over 38 EndFraction of making a net profit of $90 and a StartFraction 33 Over 38 EndFraction probability of losing $15. a. Find the expected value for the $15 bet that the outcome is 00 comma 0 comma 1 comma 2 comma or 3. b. Which bet is better: a $15 bet on the number 11 or a $15 bet that the outcome is any one of the numbers 00 comma 0 comma 1 comma 2 comma or 3? Why?

Ticker services began operations in 2015 and maintains long-term investments in available-for-sale securities. the year-end cost and fair values for its portfolio of these investments follow. portfolio of available-for-sale securities cost fair valuedecember 31, 2015 $ 369,060 $ 357,988 december 31, 2016 420,728 445,972 december 31, 2017 572,190 676,901 december 31, 2018 864,007 768,966 prepare journal entries to record each year-end fair value adjustment for these securities. calculation adjustment required to fair value adjustment.12/31/15 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/16 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/17 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/18 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) record the year-end adjusting entry for the securities portfolio as of december 31, 2015.date general journal debit creditdec 31, 2015 record the year-end adjusting entry for the securities portfolio as of december 31, 2016.date general journal debit creditdec 31, 2016 record the year-end adjusting entry for the securities portfolio as of december 31, 2017.date general journal debit creditdec 31, 2017 record the year-end adjusting entry for the securities portfolio as of december 31, 2018.date general journal debit creditdec 31, 2018