If a and B Are Independent Events with P(A) =

question 132

Multiple Choice

If A and B are independent events with P(A) = 0.05 and P(B) = 0.65, then P(A | B) =

• A)0.05
• B)0.0325
• C)0.65
• D)0.8

Comprehend the use of performance reports in responsibility accounting.

Understand the concept and application of traditional and activity-based costing systems.

Calculate contribution to overhead and profitability ratios.

Comprehend information useful for evaluating the profitability or cost-effectiveness of departmental activities.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.