Solve the Problem. - What Are the Odds in Favor of Drawing a of Drawing

question 109

Multiple Choice

Solve the problem.
- What are the odds in favor of drawing a 1 from these cards?

• A)4:1
• B)5:1
• C)1:5
• D)1:4

---

Definitions:

Fair Value

The estimated market price of an asset or liability, based on current conditions and the willing buyer-seller principle.

Capital

The owner’s investment of equity in the company.

Debit

The left-hand side of any account. A number entered on the left side of any account is said to be debited to an account.

Credit

The right-hand side of any account. A number entered on the right side of any account is said to be credited to an account.