The major risk associated with receivables is related to which of the following?
a. They may be sold to a bank with recourse.
b. They may be recorded as long-term when in fact they will be realized in the current period.
c. They will not be realized for the entire amount due.
d. They are pledged as collateral as disclosed in the footnotes to financial statements.
c
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A sale exists when the buyer takes:
A) title to the goods. B) the risk of loss on the goods. C) an insurable interest in the goods. D) a special property interest in the goods.
Most federal court of appeals cases are reviewed by the Supreme Court
a. True b. False Indicate whether the statement is true or false
When sending credit card numbers and ordering information using a SET,
(a) the information is generated for and sent directly to merchant's bank. (b) the information is encrypted for the merchant's bank but sent through the merchant. (c) the information is encrypted for and sent directly to the customer's bank. (d) the information is encrypted for and sent directly to the merchant.
Nancy Joon, Inc has 1500 employees. A simple random sample of 81 employees was selected, and the individuals in the sample were asked how much they contribute (monthly) to their retirement accounts. The sample mean, x, was $150 with a standard deviation, s, of $45
a. Estimate the standard error of the mean. b. Develop an approximate 95% confidence interval for the population mean.