The fact that the sampling distribution of the sample mean can be approximated by a normal probability distribution whenever the sample size is large is based on the _____
a. central limit theorem
b. fact that there are tables of areas for the normal distribution
c. assumption that the population has a normal distribution
d. normal probability theorem
a
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Redfearn Company has current assets of $150,000 and current liabilities of $60,000 . How much inventory could it purchase on account and achieve its minimum desired current ratio of 2 to 1?
a. $10,000 b. $20,000 c. $30,000 d. $40,000
A company sells a single product that has a contribution margin ratio of 28%. If the company's total fixed costs are $84,000, what is the break-even point in dollar sales?
What will be an ideal response?
Give an example of a nonverbal message that reinforces a verbal message and of a nonverbal message that contradicts a verbal message
Firms A and B have the same current ratio, 0.75, the same amount of sales, and the same amount of current liabilities. However, Firm A has a higher inventory turnover ratio than B. Therefore, we can conclude that A's quick ratio must be smaller than B's.
Answer the following statement true (T) or false (F)