The manager for State Bank and Trust has recently examined the credit card account balances for the customers of her bank and found that 20% have an outstanding balance at the credit card limit
Suppose the manager randomly selects 15 customers and finds 4 that have balances at the limit. Assume that the properties of the binomial distribution apply.What is the probability of finding 4 customers in a sample of 15 who have "maxed out" their credit cards?A) 0.1876
B) 0.8358
C) 0.6482
D) 0.3832
A
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GASB Statement No. 34 requires the reporting for internal service funds by
a. combining income statement results with general fund activities b. requiring internal service funds to be reported separately as major funds c. classifying internal service funds as proprietary funds, labeled as government activities d. All of the above
Company P acquired 30% of Company S's common stock on January 1, 20X8, for $100,000 . Company P's 30% interest constitutes significant influence. There is no excess of cost over book value
During 20X8, Company S earned $40,000 and paid dividends of $25,000 . During 20X9, Company S's $50,000 income was earned evenly, and the company paid dividends of $15,000 on April 1 and $15,000 on October 1 . On July 1, 20X9, Company P sold half of its interest in Company S for $66,000 cash; thus, Company P no longer had significant influence The gain on the sale of the investment in Company P's 20X9 income statement should be ____. a. $16,000 b. $13,700 c. $12,250 d. $10,000