Solve the Problem. -A Student Must Choose 1 of 5 Mathematics Electives, 1

question 56

Multiple Choice

Solve the problem.
-A student must choose 1 of 5 mathematics electives, 1 of 7 science electives, and 1 of 7 programming electives. How many possible course selections are there?

• A) 490 course selections
• B) 19 course selections
• C) 245 course selections
• D) 35 course selections

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Definitions:

Depreciation Tax Shield

The reduction in taxable income for businesses that results from claiming depreciation expenses, thereby lowering tax liabilities.

Break-Even Lease Payment

The lease payment amount at which the cost of leasing equals the cost of owning, resulting in no net profit or loss.

Straight-Line Method

A technique in accounting for evenly spreading the cost of an asset over its useful life.

Net Advantage to Leasing

The potential financial benefits gained from leasing an asset, compared to purchasing it outright, considering taxes, maintenance, and other factors.