A simple random sample of size n from a finite population of size N is to be selected. Each possible sample should have _____
a. the same probability of being selected
b. a probability of 1/n of being selected
c. a probability of 1/N of being selected
d. a probability of N/n of being selected
a
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Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 5500 units, but its actual level of activity was 5460 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $28.00? Direct labor$0 $3.50?Direct materials 0 9.60?Manufacturing overhead 38,600? 1.20?Selling and administrative expenses 24,200? 0.30?Total expenses$62,800? $14.60??Actual results for June: Revenue$158,886?Direct labor$18,578?Direct materials$50,166?Manufacturing
overhead$45,057?Selling and administrative expenses$25,933??The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for June would be closest to: A. $8788 F B. $8252 F C. $8788 U D. $8252 U
The triple bottom line measures profit, people, and ______. planet/environmental performance
Fill in the blank(s) with the appropriate word(s).
North Woods Company has a line of credit with Olympia State Bank. North Woods agreed to pay interest at an annual rate equal to 3% above the bank's prime rate. Funds are borrowed or repaid on the first day of each month and interest is paid in cash on the last day of each month. Borrowing is shown as a positive amount, and repayments are shown as negative amounts indicated by parentheses. Activity to date is given as follows: MonthAmt. Borrowed(Repaid)Prime Rate forthe MonthJanuary$25,000? 7?% February 39,000? 5?% March (25,000)? 3?% What is the amount of interest paid at the end of March? (Do not round your intermediate calculations.)
A. $208.0 B. $97.5 C. $227.5 D. $195.0
Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.
Answer the following statement true (T) or false (F)