Wireless phone conversations, wireless computer networks, global positioning systems, police and emergency communications, satellite communications, and wireless clock systems all make use of radio waves.
Answer the following statement true (T) or false (F)
True
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Auditors may use positive and/or negative forms of confirmation requests for accounts receivable. Which of the following statements is true regarding the auditor's use of confirmations?
A. A combination of the two confirmation types can be used, with the positive form used for trade receivables and the negative form for other receivables. B. The positive confirmation form should be used when controls related to receivables are satisfactory and the negative confirmation form should be used when controls related to receivables are unsatisfactory. C. A combination of the two confirmation types can be used, with the positive form used for large balances and the negative form used for small balances. D. The positive confirmation form must always be used to confirm all balances regardless of size.
A business is considering a cash outlay of $250,000 for the purchase of land, which it could lease for $36,000 per year. If alternative investments are available which yield an 18% return, the opportunity cost of the purchase of the land is:
A) $45,000 B) $36,000 C) $ 9,000 D) $54,000
Both traditional financial measures of performance and the balanced scorecard approach examine financial factors, but how does their appraisal of financial factors differ?
In order to estimate the average electric usage per month, a sample of 64houses was selected and the electric usage was determined. Assume a population standard deviation of 320 kilowatt-hours. At 95% confidence, the size of the margin of error is
A. 1.96. B. 40.00. C. 78.40. D. 65.80.