The saddle point in a payoff matrix is always the
A) largest number in its column and the largest number in its row.
B) largest number in its column and the smallest number in its row.
C) smallest number in its column and the largest number in its row.
D) smallest number in its column and the smallest number in its row.
E) None of the above
B
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A successful fundraising campaign must begin with a fact-finding process
Indicate whether the statement is true or false
The three major parts of a T account are:
a. a title, a debit side, and a credit side. b. a title, the current date, and a balance. c. a debit side, a credit side, and a total column. d. a credit side, the current date, and a balance. e. a debit side, a title, and a balance.
Use the following to answer the questions below:On October 1, 2016, the City of Mizner issued $5,000,000 in 4%, general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of $4,968,750 was used to construct the addition, which was completed prior to June 30, 2017. The remaining funds were transferred to the debt service fund. The bonds were dated October 1, 2016, and paid interest on April 1 and October 1. The first of 20 annual principal payments of $250,000 is due October 1, 2017. The fiscal year for Mizner is July 1- June 30.How would the construction costs of $4,968,750 be reported at year-end?
A. As a capital asset in the Statement of Net Position only. B. As an expenditure of the capital projects fund only. C. As an expenditure of the capital projects fund and an expense in the government-wide Statement of Activities. D. As an expenditure of the capital projects fund and a capital asset in the government-wide Statement of Net Position.
Profit margin is equal to ________
A) net income divided by total assets B) net income divided by total owners' equity C) net income divided by sales D) None of these