(Appendix) A decrease in Accounts Receivable is deducted from net sales to compute cash collected from customers
a. True
b. False
Indicate whether the statement is true or false
False
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The EU consists of 27 member countries, but it operates as a single market
Indicate whether the statement is true or false
A fund that attempts to match the overall market's performance is
A) a sector fund. B) a maximum capital appreciation fund. C) an index fund. D) a matching fund.
A conditional acceptance:
a. generally accepts the original offer, but provides a way to later avoid contractual obligations. b. is a common type of counteroffer. c. operates as a rejection and not a new offer. d. cannot exist because an acceptance is, by definition, an act that manifests the offeree's willingness to enter into a contract on the terms of the offer.
The life expectancy of Timely brand watches is normally distributed with a mean of four years and a standard deviation of eight months
a. What is the probability that a randomly selected watch will be in working condition for more than five years? b. The company has a three-year warranty period on their watches. What percentage of their watches will be in operating condition after the warranty period? c. What is the minimum and the maximum life expectancy of the middle 95% of the watches? d. Ninety-five percent of the watches will have a life expectancy of at least how many months?