Z is a standard normal random variable. The P(Z > 2.11) equals
a. 0.4821
b. 0.9821
c. 0.5
d. 0.0174
D
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Why do consumers benefit from free trade and the resulting competition between businesses?
A. Competition drives away the entrepreneurs who use resources most wisely. B. Competition tends to drive down prices and improve quality. C. Competition offers consumers fewer choices and makes the marketplace less confusing. D. Competition reduces the choices to consumers.
Frank and Bob are equal members in Soxy Socks, LLC. When forming the LLC, Frank contributed $50,000 in cash and $50,000 worth of equipment. Frank's adjusted basis in the equipment was $35,000. Bob contributed $50,000 in cash and $50,000 worth of land. Bob's adjusted basis in the land was $30,000. On 3/15/X4, Soxy Socks sells the land Bob contributed for $60,000. How much gain (loss) related to this transaction will Bob report on his X4 return?
A. $25,000. B. $35,000. C. $10,000. D. $15,000.
Selected balances from the general ledger of the All Star Video Rentals on July 31, 2019, are listed below. Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended July 31, 2019. Accounts Receivable$12,500Sales Tax Payable1,475Sales32,500Sales Returns and Allowances3,100
What will be an ideal response?
Discuss each pro forma statement in the financial plan in terms of time frame. Identify important considerations in the construction of these pro forma statements.
What will be an ideal response?