Three applications for admission to a local university are checked to determine whether each applicant is male or female. The number of sample points in this experiment is
a. 2
b. 4
c. 6
d. 8
d
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For the year ending December 31, 2019, the partnership reported net income of $55,000. What is Lori's share of the net income?
Lori and Peter enter into a partnership and decide to share profits and losses as follows: 1. The first allocation is a salary allowance with Lori receiving $16,000 and Peter receiving $18,000. 2. The second allocation is 15% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Lori and Peter are $90,000 and $20,000, respectively. 3. Any remaining profit or loss is allocated equally. A) $29,500 B) $20,250 C) $31,750 D) $23,250
Depreciation Expense-Equipment is an example of a contra account
Indicate whether the statement is true or false
Which of the following is NOT a common variable used by both consumer and business marketers while segmenting markets?
A) operating characteristics B) loyalty status C) usage rate D) geographic location E) benefits sought
Daniels Company entered into a direct-financing lease with Old 7 Corporation, which called for seven annual rentals of $3,500 at an interest rate of 1 . percent. The payments are to be paid at the end of each year. The lease also contained a bargain purchase option allowing Old 7 to purchase the asset for $2,500 after making the seventh annual rental payment. What was the cost of the asset?
a. $17,104 b. $18,473 c. $25,631 d. $27,000