In a(n) ________ game, players switch decisions in response to the decision of the other player and eventually return to the initial decisions, resulting in a closed loop
Fill in the blank with correct word.
Answer: mixed strategy
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Dom's Motor Mart sold merchandise to a customer for $3,000 on credit on March 10 . The customer paid Fox Auto the amount due on March 31 . Under the accrual basis of accounting, which of the following statements is true?
a. Fox Auto will recognize the revenue on March 31. b. The March 10th transaction increases revenue, but has no effect on assets because cash has not been received. c. Revenue is recognized after the cost of the merchandise sold has been paid by Fox Auto. d. The March 31st transaction has no effect on total assets under the accrual basis.
________ refers to whether the manipulation of the independent variables or treatments actually caused the observed effects on the dependent variables
A) Internal validity B) Extraneous validity C) External validity D) Control validity E) Corollary group
On January 1, Year 1, Dalen Company purchased office equipment that cost $3,500. The equipment had an estimated five-year useful life and an estimated salvage value of $750. The company uses the straight-line method. What is the depreciation expense shown on the income statement and the related cash flow from operating activities shown on the statement of cash flows, respectively, for Year 1?
A. $3,500 and $3,500 B. $550 and $3,500 C. $0 and $550 D. $550 and $0
Sarah invests $2,700 today in an account that pays 6 percent interest compounded annually. She wants to know the total balance in her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.
A. N = 6, I/Y = 5%, PV = 2,700 B. N = 5, I/Y = 6%, FV = -2,700 C. N = 5, I/Y = 6%, PV = 2,700 D. N = 5, I/Y = 6%, FV = 2,700 E. N = 5, I/Y = 6%, PV = -2,700