Cody Company has a loss contingency. The company's legal council's opinion is that the contingency is probable and that they estimate that the amount of the loss will be $300,000.The proper accounting treatment for this contingency is to: A. only disclose the amount of $300,000 in the notes to the financial statements. B. the amount is neither accrued nor disclosed C. $300,000 amount should be accrued as a liability. D. not enough information is given to determine the accounting treatment.

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution.a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent