Thirty-five percent of the students who enroll in a statistics course go to the statistics laboratory on a regular basis. Past data indicates that 40% of those students who use the lab on a regular basis make a grade of B or better. On the other hand,
10% of students who do not go to the lab on a regular basis make a grade of B or better. If a particular student made an A, determine the probability that she or he used the lab on a regular basis.
0.6829
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Continuous assurance (continuous auditing) will lead to:
a. fewer financial statement audits b. use of audit modules embedded in ERP systems c. convergence of GAAP and IFRS d. All of the above
Whenever more than one possible action is available, a(n) _____ must be made.
Fill in the blank(s) with the appropriate word(s).
On January 1, 2016, Donna Company leased equipment by signing a five-year lease that required five payments of $30,000 due on December 31 of each year. The equipment remains the property of the lessor at the end of the lease, and Donna does not guarantee any residual value. Using a rate of 8%, Donna capitalized the lease on January 1, 2016, in the amount of $119,781. What is the amount of interest expense Donna should report on its 2017 income statement?
A. $9,582 B. $7,949 C. $20,418 D. $22,051
Explain the theory of market share liability
What will be an ideal response?