Your current exam mean is 93.2. If you receive an 87 on the next exam, this will have the effect of
a.Increasing your mean
b.Decreasing your mean
c.Having no effect on your mean
d.Cannot determine
ANS:B
You might also like to view...
On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 6000? | |
| Accounts receivable | 6000? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 9800? | |
| Accounts receivable | 9800? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |
A mom and pop gas station near a remote lake popular with anglers is more likely to use a periodic review system than a chain of department stores
Indicate whether the statement is true or false
Williams Inc. has a current ratio equal to 3, a quick ratio equal to 1.8, and total current assets of $6
million. Williams' inventory balance is A) $2,400,000. B) $4,000,000. C) $4,800,000. D) $2,000,000.
Mr. & Mrs. Pribel wish to purchase a boat in 8 years when they retire. They are planning to purchase the boat using proceeds from the sale of their property which is currently worth $90,000 and its value is growing at 7 percent a year
The boat is currently worth $200,000 increasing at 5 percent per year. In addition to the value of their property, how much additional money should they deposit at the end of each year in an account paying 9 percent annual interest in order to be able to buy the boat upon retirement?