A sample selected in such a manner that each sample of size n has the same probability of being selected is
A. a convenience sample.
B. a judgment sample.
C. nonprobabilistic sampling.
D. a simple random sample.
Answer: D
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Apple Company had terms of net 60 days for customers. The number of days' sales in accounts receivable for Apple was 42 days. Apple is efficient in the collection of its receivables
a. True b. False Indicate whether the statement is true or false
A client placed $2,800,000 of five-year equipment into service in January 2019. Because taxable income is more than $10,000,000, she would like to maximize this year's depreciation deduction. The largest deduction allowed is
A. $1,176,000. B. $560,000. C. $1,020,000. D. $2,800,000.
An adjusted trial balance is prepared to
a. test that the ledger is in balance after the accounts have been adjusted. b. facilitate preparation of the adjusting entries. c. both test that the ledger is in balance after the accounts have been adjusted and facilitate preparation of the financial statements. d. facilitate preparation of the financial statements.
Commission merchants tend to have relatively broad powers concerning prices and terms of sales.
Answer the following statement true (T) or false (F)