The JOSupplies Company Buys Calculators from a Korean Supplier

question 57

Multiple Choice

The J.O.Supplies Company buys calculators from a Korean supplier.The probability of a defective calculator is 10%. If 10 calculators are selected at random,what is the probability that 3 or more of the calculators will be defective?

• A).0702
• B).2639
• C).0016
• D)0

Understand the concept of residual value in asset valuation.

Determine the factors involved in computing depreciation.

Assess and compare asset productivity through calculations like total asset turnover.

Know the modifications in estimates affecting the useful life or residual value of assets and their accounting treatment.

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Definitions:

Calling Object

The instance of a class on which a method is invoked in object-oriented programming.

Instance Variables

Variables that are defined within a class where each object created from the class has its own unique copy.

Local Variable

A variable declared within a function or block, having its scope limited to that block or function, making it inaccessible from the outside.

Instance Variable

A variable that, when defined within a class, ensures every object instantiated from that class possesses its own distinct copy.