According to a Recent Survey, 70% of 18- to 34-Year-

question 41

Multiple Choice

According to a recent survey, 70% of 18- to 34-year- olds do not keep a budget. A random sample of six 18- to 34-year- olds was selected. The probability that all six do not keep a budget is ------.

• A)0.240
• B)0.078
• C)0.333
• D)0.118

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Definitions:

Other Comprehensive Income

Other Comprehensive Income includes revenues, expenses, gains, and losses that are not included in net income but affect equity, such as unrealized gains on securities.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the company's assets.

Account Balances

The amount of money in a financial repository, such as a bank account, at any given time.

Retained Earnings

The portion of a company's profit that is held back and not distributed to shareholders as dividends, to be reinvested in the business or used to pay off debt.