A dance club earns revenues by charging an entry fee and then selling drinks to attendees. This pricing scheme is MOST similar to:

• A.A movie theater providing a discount to college students.
• B.Offering a rebate on a new television.
• C.Selling a computer and word processing software as a package.
• D.A grocery store that is open only to paying members.

Comment: *

Name: *

Email: *

Verification: *

A doctor wants to predict the probability that a woman develops breast cancer based on her age, race, and diet. Which of the following statistical tools is the MOST suitable for this study?

• A.Construct confidence intervals
• B.Conduct a two-sample hypothesis test
• C.Conduct a one-sample hypothesis test
• D.Perform a multiple linear regression analysis

Comment: *

Name: *

Email: *

Verification: *

Which of the following transactions is presented in the above journal entry?

• A.An extraordinary disposal of machinery paid in kind
• B.A change of depreciation method during the year
• C.A sale on credit of fixed assets at a gain
• D.A sale of fix assets with a loss

Comment: *

Name: *

Email: *

Verification: *

A company sold a piece of equipment to another party for $150,000. The equipment was originally purchased for $300,000. Depreciation of $200,000 had been recognized against the equipment. How would the accounting equation for the company be impacted upon the disposal of the equipment?

• A.Assets increased by $150,000 and owner's equity increased by $150,000.
• B.Assets increased by $50,000 and owner's equity increased by $50,000.
• C.Assets decreased by $100,000 and owner's equity increased by $100,000.
• D.Assets decreased by $100,000 and assets increased by $100,000.

Comment: *

Name: *

Email: *

Verification: *

During 2013, a company's prepaid expense decreased by $40,000, while its unearned revenue increased by $60,000. The company reported a pretax income under accrual basis of $250,000 on its 2013 income statement. What is the company's pretax income under
cash basis of 2013?

• A.$230,000
• B.$270,000
• C.$150,000
• D.$350,000

Comment: *

Name: *

Email: *

Verification: *