Another name for the mean of a probability distribution is its expected value
Indicate whether this statement is true or false.
Answer: TRUE
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What are the three main functions of COSO ERM?
What will be an ideal response?
Which one of the following housing related expenditures is not an itemized deduction?
A) Property taxes B) Mortgage interest payments C) Rental payments D) All of the above can be taken as itemized deductions.
You are reading the quarterly financial report of one of your competitors. You expected to see their total sales revenue decline because they had a large price increase during the quarter. You were certain that the price increase would lead to an equivalently large decrease in their total sales revenue. To your surprise, their total sales revenue actually increased in the quarter. Based on this information, which of the following explanations could explain why the competitor's total sales revenue increased?
A. The demand for the company's products is inelastic, so total revenue declines when prices are raised. B. The demand for the company's products is elastic, so total revenue declines when prices are raised. C. The demand for the company's products is elastic, so unit sales increase when prices are raised. D. The demand for the company's products is inelastic, so total sales revenue increases when prices are raised. E. The demand for the company's products is elastic, so fixed costs increase when prices are raised.
Katie pays $10,000 in tax-deductible property taxes. Katie’s marginal tax rate is 32%, average tax rate is 28%, and effective tax rate is 25%. Katie's tax savings from paying the property tax is:
A. $1,600. B. $2,500. C. $2,800. D. $3,200. E. $10,000.