Write the Word or Phrase That Best Completes Each Statement

question 73

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-A multiple-choice test has five questions, each with five choices for the answer. Only one of the choices is correct. You randomly guess the answer to each question. What is the probability that you answer the first two
Questions correctly?

• A)0.04
• B)0.2
• C)0.02
• D)0.4

---

Definitions:

Cash Disbursements

Outflows of cash for expenses, assets, or other types of payments.

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including materials and labor.

Merchandise Inventory

The total value of all merchandise that a retailer, wholesaler, or distributor has on hand that is available for sale.

Cash Balance

The amount of cash held by a company at a given moment, reflecting its immediate liquidity.