The mean of any uniform probability distribution is ________.
A. 
B. n?
C. (a + b)/2
D. (b ? a)/2
Answer: C
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Profit rate tends to decrease over the life of the retained customer due to increased purchases, referrals, price premiums, and increased operating costs to service
Indicate whether the statement is true or false
Why is it important for entrepreneurs to manage the negative emotions associated with failure?
a. so they can begin the process of learning from failure b. so they can avoid all the consequences of failure c. so they can understand the external reasons for their failure d. so they can blame others for their failure
Which of the following is not one of the functions of administrative agencies?
A) Adjudicating rules B) Enforcing rules C) Interpreting statutes D) Promulgating regulations
Peacoat Corporation acquired 80 percent of Sweater Corporation's common stock on March 31, 20X4 for $360,000. At that date, the fair value of the noncontrolling interest was $90,000. On January 1, 20X4, Sweater reported the following stockholders' equity balances: Common Stock ($10 par value)$150,000 Additional Paid-In Capital 75,000 Retained Earnings 200,000 Total Stockholders' Equity$425,000 Sweater reported net income of $100,000 in 20X4, earned uniformly throughout the year, and declared and paid dividends of $40,000 on December 31, 20X4. Peacoat reported retained earnings of $500,000 on January 1, 20X8, and had 20X4 income of $200,000 from its separate operations. Peacoat paid dividends of $50,000 on December 31, 20X4. Peacoat accounts for its investment in Sweater Corporation
using the fully adjusted equity method.Based on the information provided, what is the amount of consolidated retained earnings as of December 31, 20X4? A. $500,000 B. $710,000 C. $760,000 D. $725,000