In interval estimation, the t distribution is applicable only when the
A. population has a mean of less than 30.
B. sample standard deviation is used to estimate the population standard deviation.
C. variance of the population is known.
D. mean of the population is unknown.
Answer: B
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Sloan invests office equipment valued at $125,000, delivery equipment valued at $30,000, and $21,000 in cash in a new partnership. In addition, the partnership assumes $37,000 in Sloan's liabilities. Right after the formation of the partnership, the amount of Sloan's capital account would be
a. $176,000; b. $155,000; c. $139,000; d. $118,000; e. $21,000 .
Careful organization can help the writer arrange points that can soften the blow of unwelcome news
Indicate whether the statement is true or false.
When a customer's account is identified as uncollectible using the allowance for doubtful accounts method, which of the following is the correct entry to record the write-off?
a. debit Uncollectible Accounts Expense, credit Accounts Receivable (customer name) b. debit Accounts Receivable (customer name), credit Allowance for Doubtful Accounts c. debit Allowance for Doubtful Accounts, credit Accounts Receivable (customer name) d. debit Accounts Receivable (customer name), credit Uncollectible Accounts Expense
The direct strategy saves time and is preferred by some who consider it to be more professional and even more ethical than the indirect strategy
Indicate whether the statement is true or false