A professor rolls a fair, six-sided die. Using the classical method of probability, what is the probability that at least three spots will be showing up on the die?
a. 1/2
b. 2/3
c. 1/3
d. 1/6
b
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Capitalizing an expenditure rather than recording it as a revenue expenditure
a. affects the total book value of plant assets reported on the balance sheet and the amount of net income reported during a period. b. affects the total book value of plant assets on the balance sheet, but has no effect on the amount of net income reported during an accounting period. c. affects the amount of net income reported during an accounting period, but has no effect on the total book value of plant assets on the balance sheet. d. has no effect on the book value of plant assets on the balance sheet or the amount of income reported on the income statement.
Reliability can be defined as the extent to which measures are free from random error, XR
Indicate whether the statement is true or false
A good marketing planning establishes specific objectives and targets, laying the foundation to
successful execution of the plan. Indicate whether the statement is true or false
In a common-size income statement, the 100% amount is:
A) net income. B) operating income. C) gross profit. D) net sales.