Which of the following accounts has a balance equal to net income immediately before it is closed?
A) Income Summary
B) Dividends
C) Net Income
D) Retained Earnings
A
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What are the auditor's objectives relating to systems development?
A random sample of 64 observations has a mean of 20, a median of 21, and a mode of 22. The population standard deviation is known to equal 4.8. The 95.44% confidence interval for the population mean is
A. 15.2 to 24.8. B. 18.8 to 21.2. C. 18.986 to 21.014. D. 21.2 to 22.8.
A small manufacturer that offers "hand crafted" furniture has developed a new style of desk that they believe will be very successful in the marketplace. It is expected that the first desk will take about 60 hours of craftsmen's time to complete
They expect a 90% learning curve for this desk. How long will it take to make the 20th desk? The firm is considering accepting an order for 25 desks. How many hours of labor will this require for all 25?
The most fundamental services that governments provide to firms are:
a. the establishment of product and financial markets. b. the regulation of industries. c. the establishment of property rights and the enforcement of legal contracts. d. building infrastructure and monitoring managers.