The equally likely decision criterion is also called the Laplace criterion
Indicate whether the statement is true or false
TRUE
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?The most frequently occurring value of a data set is called the
A. ?mean. B. ?median. C. ?mode. D. ?outlier.
Sandi and Jodie are partners who operate Household Humanities. Sandi owns 60% and Jodie owns 40% of Household. During the current year, Household has the following results: Revenues$165,000 Operating expenses45,000 Sandi's salary50,000 Jodie's salary45,000 Municipal bond interest income3,000 Long-term capital loss30,000 Charitable contributions10,000 ? a.How must Household report these results to Sandi and Jodie? Show calculations. b.Sandi is the head of Household with two dependent children (ages 17 and 18). She has $29,000 of other income, which includes a $6,000 short-term capital gain. Sandi has $13,000 of other allowable itemized deductions. Calculate Sandi's taxable income and income tax liability for 2019.?
What will be an ideal response?
To which of the following accounts should the balance in the Income Summary account be closed?
A) Dividends B) Net Income C) Retained Earnings D) Service Revenue
Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,000 cash and equipment valued at $18,000 in exchange for common stock.2. Purchased $70 of office supplies on credit.3. Paid $1,200 cash for the receptionist's salary.4. Sold a custom frame service and collected $1,500 cash on the sale.5. Completed framing services and billed the client $200.What was the balance of the cash account after these transactions were posted?
A. $300. B. $41,500. C. $40,300. D. $38,700. E. $38,500.