The Following Table Shows the Results of a Survey of Authors

question 198

Multiple Choice

The following table shows the results of a survey of authors by a (fictitious) publishing company: $$\begin{array} { | l | l | l | l | } \hline & \text { New Authors } & \begin{array} { l } \text { Established } \\\text { Authors }\end{array} & \text { Total } \\\hline \text { Successful } & 5 & 25 & 30 \\\hline \text { Unsuccessful } & 15 & 55 & 70 \\\hline \text { Total } & 20 & 80 & 100 \\\hline\end{array}$$ What percentage of new authors are successful

• A)100 %
• B) 25 %
• C) 75 %
• D) 83.33 %
• E) 16.67 %

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Definitions:

Book Value

The net value of a company's assets as found on its balance sheet, calculated by subtracting total liabilities from total assets.

Adjustment

Changes made to the financial records at the end of an accounting period to reflect true and fair values.

Unearned Fees

Income received by an entity for services yet to be provided and is recorded as a liability until the service is rendered.

Net Income

The net income a company earns following the subtraction of all taxes and expenses from its revenues.