In estate planning, a person's direct descendants are called
A. issue.
B. testators.
C. heirs.
D. grantors.
Answer: A
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The Securities and Exchange Commission has the legal authority to prescribe accounting principles and reporting practices for
A) all companies issuing publicly traded securities B) all companies issuing any type of securities C) all companies D) all corporations
The following income statement was produced when volume of sales was at 400 units. Sales revenue$2,000 Variable cost 1,200 Contribution margin$800 Fixed cost 300 Net income$50 If volume reaches 500 units, net income will be:
A. $1,800 B. $625 C. $700 D. None of the above
A gourmet food store uses a one-week periodic review system for its supply of coffee beans. There is a five-day lead time for orders, and the store will allow two stockouts per year
a. What is the probability of a stockout associated with each replenishment decision? b. What is the replenishment level if demand during the review and lead-time periods is normally distributed with mean 120 pounds and standard deviation 8 pounds? c. How many pounds of beans should be ordered if there are 42 pounds of beans on hand?
If the lower and upper confidence limits of the population mean ?, using a sample of size 100, are 225 and 280, respectively, then the lower and upper confidence limits of the total of a population of size 3000 are respectively
a. 652,500 and 812,000 b. 675,000 and 840,000 c. 697,500 and 868,000 d. 652,862 and 812,452