Suppose There Are Seven Jelly Beans in a Bowl-Three Red

question 61

Multiple Choice

Suppose there are seven jelly beans in a bowl-three red and four blue. If a jelly bean is selected at random, what is the probability that it is blue?

• A)2/7
• B)3/7
• C)4/7
• D)5/7

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Definitions:

Disposal of Asset

The process of selling, scrapping, or otherwise removing an asset from a company's balance sheet, often due to obsolescence, surplus, or a strategic shift.

Note Payable-State Bank

A debt obligation in the form of a written promissory note made to a state bank, specifying the terms under which repayment will be made.

Collateralized Borrowing

Obtaining a loan by pledging an asset as security for the loan, which the lender can seize if the borrower defaults.

Assets

Resources owned by a company that provide future economic benefits.