A confidence interval for a population mean estimates ________.
A. a likely interval for a population mean
B. likelihood or probability
C. the population range
D. the population standard deviation
Answer: A
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Regardless of the medium, which of the following is NOT a general pointer for designing benefits information?
A. Avoid complex language when describing benefits. Clear, concise, and understandablelanguage is a must. B. Explain the purpose behind a benefit and the value it offers employees. Be up frontabout the pros and cons of different benefit plans. C. Provide numerous examples to illustrate how a benefit choice might affect differenttypes of employees, depending upon their personal circumstances. D. Avoid the use of graphics as, they tend to make the information less understandable and encourage confusion.
Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 30% of the following month's sales. d.The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e.Regarding raw materials purchases, 40% are paid for in
the month of purchase and 60% in the following month. f.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g.Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h.The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated unit product cost is closest to: A. $20.80 B. $100.60 C. $79.80 D. $87.80
The longest path in a project is the ________ that determines the shortest time required to complete the project
A) critical path B) shortest route C) shortcut D) road map
A company uses the retail inventory method and has the following information available concerning its most recent accounting period:
1. What is the cost-to-retail ratio using the retail method?
2. What is the estimated cost of the ending inventory?