The probability of winning at least $1000 is ________
What will be an ideal response?
Answer: 0.0006
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The statement of retained earnings accomplishes which of the following?
a. It summarizes income earned and dividends paid over a single period of the business. b. It accumulates all revenues for the year. c. It summarizes the balance sheet accounts. d. It summarizes the capital stock accounts over the life of the business.
For a bond issue that sells for more than its face value, the market rate of interest is
a. less than the rate stated on the bond. b. equal to the rate stated on the bond. c. dependent on the rate stated on the bond. d. higher than the rate stated on the bond.
To sell her weather-resistance wicker furniture, Melanie would ask a prospect to accompany her outside and pour a five-gallon bucket of water on a chair. After a few minutes of rapport-building conversation, Melanie would sit in the chair, then stand up and casually remark, "You probably think I've gotten all wet?" Instead of being wet, Melanie and the chair would be dry because of the water-repellant used in manufacturing. What kind of approach did Melanie use?
What will be an ideal response?
For the year ended December 31, Year 1, Fields Company made cash payments of $52,500 for dividends, paid interest of $21,300, paid $30,500 cash to suppliers, and purchased equipment for $68,500 cash. What is the net cash used by investing activities for Year 1?
A. $111,800 B. $68,500 C. $172,800 D. $73,800