Which of the following represents a difference between continuous and discrete random variables?
a. Continuous random variables assume an uncountable number of values, and discrete random variables do not.
b. The probability for any individual value of a continuous random variable is zero, but for discrete random variables it is not.
c. Probability for continuous random variables means finding the area under a curve, while for discrete random variables it means summing individual probabilities.
d. All of these choices are true.
D
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As of April 30, Northstar counts 8 units of merchandise inventory on hand. Compute ending merchandise inventory and cost of goods sold for Northstar using the LIFO inventory method.
The periodic inventory records of Northstar Sales indicate the following for the month of April:
A $200,000 bond issue with a carrying value of $194,000 is called at 101 and retired. The entry to record the retirement of bonds would be:
a. Bonds Payable 200,000 Gain on Retirement of Bonds 6,000 Cash 194,000 b. Bonds Payable 200,000 Cash 200,000 c. Bonds Payable 200,000 Loss on Retirement of Bonds 8,000 Unamortized Bond Discount 6,000 Cash 202,000 d. Bonds Payable 194,000 Loss on Retirement of Bonds 8,000 Cash 202,000
Hugo wishes to raise money for his restaurant. He offers to sell stock to his brothers, sisters, aunts, uncles, and cousins. The offering is made by telephone to each of the investors and amounts to a stock offering in the dollar amount of $1,500,000
The offering is made to a total of 38 family members and no notice is given to the SEC. Is this a permissible offering under the federal securities laws? Explain.
The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product: Production volume 2,000units 4,000unitsDirect materials$88.40per unit$88.40per unitDirect labor$20.60per unit$20.60per unitManufacturing overhead$86.90per unit$55.30per unit The best estimate of the total monthly fixed manufacturing cost is:
A. $173,800 B. $126,400 C. $221,200 D. $391,800