A report recently published in a major business periodical stated that the average salary for female managers is less than $50,000
If we were interested in testing this, the following null and alternative hypotheses would be established:H0 : ? ? 50,000H? : ? < 50,000 Indicate whether the statement is true or false
TRUE
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Which of the following errors normally would not be automatically corrected over two accounting periods?
A) failure to record prepaid revenue B) failure to record accrued payroll liabilities C) failure to record depreciation expense D) failure to count inventory in transit at year-end
Which of the following is an example of an accrual?
A) Purchase of equipment. B) Prepaid insurance. C) Salaries earned but not yet paid. D) All of these choices.
If actual direct labor hours (DLHs) are less than standard direct labor hours allowed and overhead is applied on a DLH basis, a(n)
a. favorable variable overhead spending variance exists. b. favorable variable overhead efficiency variance exists. c. favorable volume variance exists. d. unfavorable volume variance exists.
In the context of customer service, referrals for a business are:
A. complaints and suggestions from unsatisfied customers. B. suggestions from sales personnel to customers about which products to purchase. C. recommendations from satisfied customers to potential customers. D. guidelines to be referred to in order to improve customer relations.