The following data was collected from a simple random sample of a population. 13 15 14 16 12 The point estimate of the population mean

a. cannot be determined, since the population size is unknown
b. is 14
c. is 4
d. is 5


B

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Which type of touch serves a specific purpose, such as within the context of a professional setting?

a. love/intimate touch b. social/polite touch c. functional/professional touch d. friendship/warmth touch

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In the maturity phase of the product life cycle, the primary promotional objective is to ________

A) create product awareness B) encourage product trial C) build product credibility D) inform the public of product benefits E) persuade consumers to switch brands

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The allowance method that assumes a given percent of a company's credit sales for the period is uncollectible is:

A. The percent of accounts receivable method. B. Factoring method. C. The aging of accounts receivable method. D. The percent of sales method. E. Direct write-off method.

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[The following information applies to the questions displayed below.] Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions)•Acquired $6,000 cash from issuing common stock. • Borrowed $4,400 from a bank. • Earned $6,200 of revenues. • Incurred $4,800 in expenses. • Paid dividends of $800. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions)•Acquired an additional $1,000 cash from the issue of common stock. • Repaid $2,600 of its debt to the bank. • Earned revenues, $9,000. • Incurred expenses of $5,500. • Paid dividends of $1,280. What was the amount of liabilities on Lexington's balance

sheet at the end of Year 2? A. $480. B. ($2,600). C. $1,000. D. $1,800.

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