The Following Information Is Available for the Higgins Travel Agency $\begin{array}{lr}\text { Net Income } & \$ 42,500 \\\text { C. Higgins, Capital } & 130,000\\\text { C. Higgins, Withdrawals }&12,000\end{array}$

question 53

Multiple Choice

The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the C. Higgins, Capital account? $\begin{array}{lr}\text { Net Income } & \$ 42,500 \\\text { C. Higgins, Capital } & 130,000\\\text { C. Higgins, Withdrawals }&12,000\end{array}$

• A)$99,500.
• B)$130,000.
• C)$75,500.
• D)$184,500.
• E)$160,500.

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Definitions:

Simple Random Samples

A subset of a population where every member has an equal chance of being selected, ensuring unbiased representation.

Standard Error

A measure of the sampling variability of an estimator, indicating the uncertainty around the estimate of a population parameter.

Variance

A statistical measure that represents the dispersion or spread of data points in a data set.