A cable company prepared four versions of a set of instructions for hooking up a TV. The company asked a sample of 1,600 people which one of the four forms was easiest to understand. In the sample, 425 people preferred Form A, 385 preferred Form B, 375 preferred Form C, and 415 preferred Form D. At the 5% level of significance, can one conclude that in the population there is a preferred form?
H0: p1 = p2 = p3 = p4 = .25
H1: At least one proportion differs from their specified values
Rejection region: ?2 > ?20.05,3 = 7.815
Test statistic: ?2 = 4.25
Conclusion: Cannot reject the null hypothesis. There is no preferred form, according to the data.
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Which of the following statements is true regarding the performance of an assurance service on information systems reliability by a CPA?
A. Performing the service will not require the collection of evidence. B. The service will require the CPA to apply all of the attestation and auditing standards. C. The service provides information regarding whether the information system provides reliable information for internal operating decisions. D. The CPA is not permitted to provide any other services for the entity if he or she is to perform the service.
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Inventory-indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
A) Add to net income to arrive at net cash flows from operating activities. B) Subtract from net income to arrive at net cash flows from operating activities. C) Not used to adjust net income to calculate net cash flows from operating activities.
A certificate of deposit represents:
A. a promissory note of payment by a bank that borrows reserves from another bank. B. a deposit in a checking account in a bank. C. a promissory note of payment by the issuing institution to the investor. D. a time deposit of a state government with the federal government. E. a time deposit at a bank or other financial intermediary.
On January 1, Whitecastle Company established a petty cash fund for $250. On January 31, when the petty cash fund was replenished, it contained $70.40 in cash and petty cash receipts for: postage expense, $49.60; office supplies, $62; entertainment expense, $64.21Required:a) Record in general journal format the entry to establish the petty cash fund.b) Record in general journal format the entry to record the disbursements and replenish the petty cash fund.
What will be an ideal response?