The producer of a certain bottling equipment claims that the variance of all their filled bottles is .027 or less. A sample of 30 bottles showed a standard deviation of .2 ounces. The p-value for the test is
A. between .025 to .05.
B. between .05 to .10.
C. .05.
D. .025.
Answer: A
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Garcia Manufacturing has two processes—Coloring and Mixing. The company assigned $390,000 to the 6000 gallons of paint transferred from Mixing Department to Finished Goods Inventory. The journal entry to record this assignment of cost is ________.
A) debit Work-in-Process Inventory—Mixing, $390,000; credit Finished Goods Inventory, $390,000 B) debit Finished Goods Inventory, $390,000; credit Cost of Goods Sold, $390,000 C) debit Cost of Goods Sold, $390,000; credit Finished Goods Inventory, $390,000 D) debit Finished Goods Inventory, $390,000; credit Work-in-Process Inventory—Mixing, $390,000
Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash$52,000Short-term investments 12,000Accounts receivable 54,000Inventory 325,000Prepaid expenses 17,500Accounts payable 106,500Other current payables 25,000
A. 3.50 and 0.90 B. 2.73 and 1.52 C. 1.80 and 0.90 D. 1.80 and 1 E. 1.97 and 1.52
If the merchandise inventory's market value is greater than its cost, then it must be adjusted for the difference
Indicate whether the statement is true or false
Which of the following will terminate an agency coupled with an interest?
a. The death of the principal. b. The bankruptcy of the principal. c. The incapacity of the principal. d. None of these will terminate such an agency.