A stock had annual returns of 8 percent, 14 percent, and 2 percent for the past three years. Based on these returns, what is the probability that this stock will return more than 26 percent in any one given year?
A) 2.5 percent
B) 1.0 percent
C) .5 percent
D) 5.0 percent
E) 16.0 percent
C) .5 percent
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In an electronic data interchange (EDI) environment, when the auditor compares the terms of the trading partner agreement against the access privileges stated in the database authority table, the auditor is testing which audit objective?
a. all EDI transactions are authorized b. unauthorized trading partners cannot gain access to database records c. authorized trading partners have access only to approved data d. a complete audit trail is maintained
You want to observe how often consumers listen to music throughout their day and what different audio devices they use. You are also interested in how consumers store and access their own music collections. You should conduct ________ research
A) causal B) experimental C) secondary D) pure E) exploratory
ValleyView Company acquires common stock of Kansas Enterprises for $400,000 on November 1, 2013, and designates this investment as available-for-sale. The fair value of these shares is $435,000 on December 31, 2013 . ValleyView sells these shares on August 15, 2014, for $480,000. (Refer to the ValleyView.) The journal entries to record the sale of securities available-for-sale on August 15, 2013
a. Cash.....................................................480,000 Unrealized Holding Gain on Securities Available-for-Sale.......... 35,000 Marketable Securities.................................... 435,000 Realized Gain on Sale of Securities Available-for-Sale...................................... 80,000 b. Marketable Securities..........................435,000 Realized Gain on Sale of Securities available-for-sale................................ 80,000 Cash............................................................ 480,000 Unrealized Holding Gain on Securities Available-for-Sale....................... 35,000 c. Cash.................................................... 480,000 Realized Holding Gain on Securities Available-for-Sale............. 35,000 Marketable Securities.................................... 435,000 Unrealized Gain on Sale of Securities available-for-sale.......................................... 80,000 d. Marketable Securities......................... 435,000 Unrealized Gain on Sale of Securities available-for-sale................................ 80,000 Cash............................................................. 480,000 Realized Holding Gain on Securities Available-for-Sale....................... 35,000 e. none of the above
The Pay as You Throw (PAYT) model is designed to
A) increase recycling. B) decrease throwing. C) increase consumption. D) decrease consumption.