In which of the following periods was output growth the slowest in the U.S. economy?
A. Long boom period
B. Economic liftoff period
C. Post 2009
D. Reorganization period
Answer: D
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Which of the following would not appear on a multiple-step budgeted income statement for a manufacturer?
A) gross profit B) income tax expense C) operating income D) salaries payable
A company has already incurred a $55,000 cost in partially producing its three products. Their selling prices when partially and fully processed are shown in the following table with the additional costs necessary to finish their processing. Based on this information, should any products be processed further? ProductUnfinishedSelling Price FinishedSelling Price FurtherProcessing CostsA$72 $108 $35 B 83 124 42 C 94 141 45
A. All of these products should be processed further. B. None of these products should be processed further. C. Products B and C should be processed further. D. Products A and B should be processed further. E. Products A and C should be processed further.
In a limited-liability company (LLC), the members are personally liable for the debts of the business
Indicate whether the statement is true or false
A statistician employed by a consumer testing organization reports that at 95% confidence he has determined that the true average content of the Uncola soft drinks is between 11.7 to 12.3 ounces. He further reports that his sample revealed an average
content of 12 ounces, but he forgot to report the size of the sample he had selected. Assuming the standard deviation of the population is 1.28, determine the size of the sample.