An Order of Award Presentations Has Been Devised for Seven

question 16

Multiple Choice

An order of award presentations has been devised for seven people: Jeff, Karen, Lyle, Maria, Norm, Olivia, and Paul.
-In how many ways can the people be presented?

• A) 5,040
• B) 2,520
• C) 49
• D) 720

---

Definitions:

Annual Depreciation

The amount of depreciation expense allocated for a fixed asset in one year, based on the asset's useful life and cost.

Prepaid Expense

An asset account that represents costs paid in advance for expenses that will be incurred within a future accounting period.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded in the ledgers.

Accrual Basis Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.