Cassie's Quilts Alters,reconstructs,and Restores Heirloom Quilts

question 75

Multiple Choice

Cassie's Quilts alters,reconstructs,and restores heirloom quilts.Cassie has just spent $800 purchasing,cleaning,and reconstructing an antique quilt which she expects to sell for $1,500 once she is finished.After having spent $800,Cassie discovers that she would need some special period fabric that would cost her $200 in material and time in order to complete the task.Alternatively,she can sell the quilt "as is" now for $900.What is her marginal benefit if she sells the quilt "as is" now?

• A)$100
• B)$900
• C)She makes a marginal loss of $600,not a marginal benefit.
• D)The marginal benefit cannot be determined.

Understand the importance and challenges of obtaining a representative sample.

Discuss the impacts of sampling and nonsampling errors on research findings.

Illustrate the process and criteria for choosing an appropriate sampling method for specific research needs.

Evaluate the suitability of sample results for making inferences about the population.

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Definitions:

Interest Tax Shield

The reduction in income taxes that results from taking allowable deductions for interest expense.

Tax Shield

The reduction in income taxes that results from taking an allowable deduction from taxable income, such as mortgage interest or depreciation.

Coupon Rate

Yearly rate of interest paid on a bond, expressed in terms of percentage of its face value.

Unlevered Firm

A firm that operates without any debt in its capital structure, using only equity for financing.