A sample of 20 items from a population with an unknown ? is selected in order to develop an interval estimate of ?. Which of the following is not necessary?
a. We must assume the population has a normal distribution.
b. We must use a t distribution.
c. Sample standard deviation must be used to estimate ?.
d. The sample must have a normal distribution.
D
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Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts?
A) debit Notes Receivable; credit Cash B) debit Cash; credit Miscellaneous Income C) debit Cash; credit Notes Receivable D) debit Accounts Receivable; credit Cash
During the input phase of an Information System, the people components are most prominent
Indicate whether the statement is true or false
Yowell Company granted a sales discount of $360 to a customer when it collected the amount due on account. Yowell uses the perpetual inventory system. Which of the following answers reflects the effects on the financial statements of only the discount? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash FlowA.(360)=NA +(360)(360)?NA =(360)(360)OAB.NA =(360)+360 360 ?NA =360 NA C.(360)=NA +(360)(360)?NA =(360)NA D.NA =(360)+360 360 ?NA =360 NA
A. Option A B. Option B C. Option C D. Option D
Target profit pricing refers to
A. setting the price of a line of products at a number of different price points. B. setting an annual target of a specific dollar volume of profit. C. adjusting the price of a product so it is in line with that of its largest competitor. D. adding a fixed percentage to the cost of all items in a specific product class. E. setting prices to achieve a profit that is a specified percentage of production costs.