Inventory carrying costs include all of the following except:
A. clerical cost of ordering goods
B. opportunity cost of investment funds
C. insurance costs
D. obsolescence and deterioration
Answer: A
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When is it appropriate to use jargon??
A) ?Only when speaking in formal settings B) ?Only when speaking to professionals in the same field C) ?Only when speaking in informal settings D) ?Only during international business communication
Plate Corporation acquired 75 percent of the stock of Silver Company on January 1, 20X7, for $225,000. At that date, the fair value of the noncontrolling interest was $75,000. Silver's balance sheet contained the following amounts at the time of the combination: Cash$40,000 Accounts Payable$50,000 Accounts Receivable 40,000 Bonds Payable 50,000 Inventory 20,000 Common Stock 100,000 Buildings and Equipment (net) 300,000 Retained Earnings 200,000 Total Assets$400,000 $400,000 During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Plate sold 1,500 shares of Silver's $10 par value shares for $60,000 in cash. Plate used the fully adjusted equity method in accounting for its ownership of
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A random sample of 121 checking accounts at a bank showed an average daily balance of $300 and a standard deviation of $44 . Develop a 95% confidence interval estimate for the mean of the population