Which one of the following is correct in relation to pro forma statements?
A. Fixed assets must increase if sales are projected to increase.
B. Net working capital is affected only when a firm's sales are expected to exceed the firm's current production capacity.
C. The addition to retained earnings is equal to net income plus dividends paid.
D. Long-term debt varies directly with sales when a firm is currently operating at maximum capacity.
E. Inventory changes are directly proportional to sales changes.
Answer: E. Inventory changes are directly proportional to sales changes.
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If the probability of selling the full-fare ticket is 0.85, what is the expected value of the ticket?
A) $420 B) $450 C) $480 D) $510
The data below shows ratings after viewing a commercial. All measures are measured on a scale of "1" being the most positive to "5" being the least positive
Respondent Number Believability Uniqueness Relevance 1 1 5 2 2 2 4 1 3 4 2 5 4 5 1 4 5 2 5 4 6 4 1 4 7 5 2 5 8 2 4 4 9 1 5 2 10 4 2 4 What percent of the sample found the commercial to be both Believable and Relevant?