Which of the following concepts is important to accrual accounting?
a. Time period, because accrual accounting divides earnings into time periods
b. Monetary unit, because inflation is a big factor in the environment
c. Cash basis, because if cash is not received, revenue is not accrued
d. Entity concept, because personal transactions must be separated from business transactions
a
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a. true b. false
Sustainable development refers to development that meets the needs of the current generation, but at the risk of compromising the needs of future generations
Indicate whether the statement is true or false
A qualified boycott occurs when unionized employees who have a labor dispute with their employer boycott another employer to force it to cease doing business with their employer
Indicate whether the statement is true or false
What is the probability that they receive less than 3 complaints in a week?
The Dean's Office keeps tracks of student complaints received each week. The probability distribution for complaints can be represented as a table as shown below. The random variable xi represents the number of complaints, and p(xi) is the probability of receiving xi complaints. Image 0 1 2 3 4 5 6 p(Image) .10 .15 .18 .20 .20 .10 .07