A class action suit is brought by a member of a group of persons on behalf of all members of the group

Indicate whether the statement is true or false


TRUE

Business

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A roofing company collects fees when jobs are complete. The work for one customer, whose job was bid at $3,000, has been completed as of December 31, but the customer has not yet been billed. Assuming adjustments are only made at year-end, what is the adjusting entry the company would need to make on December 31, the calendar year-end?

A. Debit Cash, $3,000; credit Roofing Fees Revenue, $3,000. B. No adjustment is required. C. Debit Cash, $3,000; credit Accounts Receivable, $3,000. D. Debit Roofing Fees Revenue, $3,000; credit Accounts Receivable, $3,000. E. Debit Accounts Receivable, $3,000; credit Roofing Fees Revenue, $3,000.

Business

When the fixed costs are $120,000 and the contribution margin is $20, the break-even point is

A) 16,000 units B) 8,000 units C) 7,998 units D) 6,000 units

Business

The number of degrees of freedom associated with the chi-square distribution in a test of independence is number of _____ minus 1.

A. sample items B. populations C. rows minus 1 times number of columns D. populations minus number of estimated parameters

Business

Using imperative sentences in the first paragraph of a sales letter can help a writer establish a familiar tone with the readers

Indicate whether the statement is true or false

Business