What is the definition of a continuous random variable?
a. A qualitative random variable whose possible values form a whole interval or range.
b. A variable that is discrete.
c. A quantitative random variable that can assume a countable number of values.
d. A quantitative random variable whose possible values form a whole interval or range.
d
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On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the first interest payment using the effective interest method of amortization is:
A. Debit Interest Expense $15,351.72; credit Discount on Bonds Payable $1,351.72; credit Cash $14,000.00. B. Debit Interest Expense $15,351.72; credit Premium on Bonds Payable $1,351.72; credit Cash $14,000.00. C. Debit Interest Payable $14,000.00; credit Cash $14,000.00. D. Debit Interest Expense $12,648.28; debit Premium on Bonds Payable $1,351.72; credit Cash $14,000.00. E. Debit Interest Expense $12,648.28; debit Discount on Bonds Payable $1,351.72; credit Cash $14,000.00.
Explain what qualitative research is and why it might be useful to marketers. What are its major drawbacks?
What will be an ideal response?
If the total materials variance (actual cost of materials used compared with the standard cost of the standard amount of materials required) for a given operation is favorable, why must this variance be further evaluated as to price and usage?
a. There is no need to further evaluate the total materials variance if it is favorable. b. Generally accepted accounting principles require that all variances be analyzed in three stages. c. All variances must appear in the annual report to equity owners for proper disclosure. d. It is done so that management can evaluate the efficiency of the purchasing and production functions.
Which of the following characteristics may result in the classification of a liability being changed from current to noncurrent?
a. Violation of a subjective acceleration clause b. Violation of an objective acceleration clause c. A demand provision for payment d. Refinancing after the balance sheet date