There are two types of random variables, they are:
a. discrete and continuous b. exhaustive and mutually exclusive
c. complementary and cumulative d. real and unreal
a
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Exhibit 8-2 The Dormer Company uses the gross profit method to estimate its inventory in interim financial statements. The markup on cost is 50%. The following information is available: January 1, 2016, inventory balance $12,500 Purchases 25,000 Sales during January 24,000 ? ? Refer to Exhibit 8-2. The estimated inventory at January 31, 2016, is
A) $25,500 B) $21,500 C) $16,000 D) $12,000
For a company with significant uncollectible receivables, the direct write-off method is unsuitable because ________.
A) it overstates liabilities on the balance sheet B) it violates the matching principle C) it uses estimates for determining the bad debt expense D) companies are not able to track customer payment histories
Chose the correct number form in parentheses. Our soccer team won the game by a score of (7 to 6, seven to six)
All but one of the following are types of continuous forms. Which one is not a type of continuous form?
A. Fan-fold B Roll C. Unit-set D. Removable side strip