The mean and variance of a X2 distribution approach ____________________ as the degrees of freedom increase

Fill in the blank(s) with correct word


infinity

Business

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Auditing the valuation assertion for inventory of a client utilizing the FIFO cost flow assumption will require the auditor to examine which of the following?

a. Invoices representing the more recent purchases of inventory. b. Invoices representing the purchase of base year inventory in the year of inception. c. Shipping documents for a sample of cost of goods sold transactions during the year. d. Shipping documents for a sample of units on hand in the interim period.

Business

Horatio Ltd. uses job order costing to measure and track product costs. Horatio has determined that machine hours drive its manufacturing overhead costs. During the month of June, the following data were available for Product #95: Direct labor 350 hours at $10 per hour Direct materials 40 square yards at $25 per yard Machine hours used 1,000 hours If total manufacturing overhead costs during the

month totaled $10,000 when a total of 25,000 machine hours were used, what will be the total manufacturing cost of Product #95? A) $7,000 B) $5,500 C) $4,900 D) $4,500

Business

The owner of Barnes Company established a petty cash fund amounting to $400. What is the effect on the financial statements of the entry to record this transaction? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.NA NA NANA NA NA(400) OAB.(400) NA (400)NA 400 (400)(400) OAC.NA NA NANA NA NANAD.(400) (400) NANA NA NA(400) OA

A. Option A B. Option B C. Option C D. Option D

Business

Don works at the local gas station and garage. Don's boss, Betsy, encourages Don to find brake problems with out of state cars that come to the station. Usually Don tells the driver that their brakes are leaking fluid, and offers to replace the brakes at a good price. The cost is low because Don does nothing more than remove the tires and look at the old brake pads. One day a woman with five kids

comes to the station and Betsy tells Don to "do a brake job." Don does not want to have five kids running around the station and tells the lady that they are out of gas and to go down the street to the next station. Can Betsy fire Don? a. Yes, unless the station had gas. b. Yes, because Betsy ordered him to perform a service and Don refused. c. No, but Don is liable for any economic loss Betsy suffered. d. No, because Betsy ordered him to perform an illegal act.

Business