A Researcher Studying Apple Maggot Flies Marks 180 Flies in an Orchid

question 58

Multiple Choice

A researcher studying apple maggot flies marks 180 flies in an orchid in Michigan. The next day, she collects 70 flies and finds that 14 are marked. If the assumptions of the mark-recapture method are met, what is the best estimate for the number of apple maggot flies in that orchid?

• A) 180
• B) 900
• C) 980
• D) 1,800

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Definitions:

Allowance Method

The Allowance Method is an accounting technique that estimates and accounts for doubtful accounts, reducing the accounts receivable to its net realizable value.

Going Concern Assumption

An accounting principle assuming that an entity will continue to operate for the foreseeable future.

Direct Method

An approach to preparing the cash flow statement where actual cash flows from operating activities are listed.