Which of the following is not a measure of variability?
a. The range
b. The 50th percentile
c. The standard deviation
d. The interquartile range
b
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Companies producing a variety of products and brands often establish a product- (or brand-) management organization
Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.Indirect costs cannot be traced to a cost object in a cost-effective manner. For a factory with several departments, each department could be treated as a cost object. Depreciation on a factory building is a direct cost for the departments in the factory. For a factory with several departments, depreciation on equipment used in one department would be a direct cost to that department. An individual cost cannot be both fixed and direct with respect to a particular cost object.
What will be an ideal response?
The bookkeeper recorded a payment by check for the purchase of store supplies as a debit to Store Supplies and a credit to Cash for $1,340.56 . The check was recorded by the bank at its correct amount of $3,140.56 . Prior to the preparation of the bank reconciliation, the error would cause:
a. the trial balance to be out of balance. b. the Accounts Payable account to be understated. c. the Cash account to be understated. d. the Store Supplies account to be overstated. e. a possibility that the checking account might become overdrawn.
A Treasury bond pays interest quarterly
Indicate whether the statement is true or false.