Which of the Following Statistics Is True

question 13

Multiple Choice

Which of the following statistics is true?

• A) The percentage of African American students completing high school rose from 20% in 1960 to 84.2% in 2010.
• B) The percentage of African American students completing college or more rose from 3% in 1960 to 19.8% in 2010.
• C) African American life expectancy has increased from 34 years in 1900 to 70.9 years for males and 77.4 years for females in 2009.
• D) All are correct
• E) None are correct

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Definitions:

Leveraged Lease

A lease agreement that involves a lessor financing the leased asset through borrowing, with the lease payments covering the loan repayments and providing profit.

Direct Financing Lease

A lease agreement where the lessor records the present value of lease payments as a receivable rather than as a sale or lease revenue.

Lessor

The party in a lease agreement that owns the leased asset and grants the lessee the right to use the asset in exchange for lease payments.

Capital Lease

A lease agreement that grants the lessee ownership rights of the asset at the end of the lease term.