In testing a hypothesis using a statistic Y, a critical region is chosen to meet which of the following conditions:
I). the probability of Y falling in the critical region when the null hypothesis is true is ALPHA
II). the probability of Y falling in the critical region when the alternative hypothesis is true is greater than it not falling in the critical region region.
III). the sample size is large

A sample of 1,600 MBA recruiters was used to rank the top MBA schools in the US and abroad. The resulting rankings are:

Which of the following correlation coefficients would most effectively reduce the risk of a portfolio?

Which of the following is long-term asset?
I). An idle building.
II). Land held by land developers or sub-dividers.

Beresford Company leased equipment from Fisher Company on July 1, 2010, for an eight-year period expiring June 30, 2018. Equal annual payments under the lease are $100,000 and are due on July
1 of each year. The first payment was made on July 1, 2010. The rate of interest contemplated by
Beresford and Fisher is 8%. The cash-selling price of the equipment is $620,625 and the cost of the equipment on Fisher's accounting records was $550,000. Assuming that the lease is appropriately recorded as a sale for accounting purposes by Fisher, what is the amount of profit on the sale and the interest income that Fisher would record for the year ended December 31, 2010?