A cell phone manufacturer inspects the video display on each color phone to verify that the screen can display all colors with the brilliance their customers have come to expect
Each phone is turned on, run through a self-test procedure, and classified as either acceptable or unacceptable based on test performance. Based on historical data, the manufacturer produces 0.1 percent defective displays. If they inspect 5000 phones each day for the next 10 days, what are the upper and lower control limits for their control chart if their sample mean mirrors their historical process average?
A) 0.0002, 0.0001
B) 0.0142, 0.0058
C) 0.1127, 0.0873
D) 0.0023, 0.0000
Answer: D
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Which of the following describes a secured bond?
A) a bond that matures in installments at regular intervals B) a bond that is backed by issuer's specific assets C) a bond that matures at one specified time D) a bond that is not backed by specific assets
In a production cost report, ________ includes the number of units completed and transferred out of a process and the number of units remaining in ending WIP. The weighted-average method is used.
A) total units estimated for B) total units budgeted for C) total units accounted for D) total units to account for
On July 31 . 2014, Mason Company purchased for $4,000,000 cash all of the outstanding common stock of Turquoise Company when Turquoise's balance sheet showed net assets of $3,200,000 . Turquoise's assets and liabilities had fair values different from the book values as follows: Book Value Fair Value Property, plant, and equipment, net ........................... $5,000,000 $5,750,000 Other assets
.................... 500,000 0 Long-term debt .................. 3,000,000 2,800,000 As a result of the transaction, what amount will be shown as goodwill in the July 31 . 2014, consolidated balance sheet of Mason Company and its wholly owned subsidiary, Turquoise Company? a. $350,000 b. $250,000 c. $750,000 d. $800,000
Which of the following statements about social class is most likely true?
A) People in the lower classes purchase items less impulsively than upper class shoppers. B) Social scientists agree that there are an unlimited number of social classes. C) "New money" people possess inherited wealth, often acquired several generations before. D) It is virtually impossible to move from one social class to another. E) Social class is determined by a combination of factors such as income, education, occupation, and accumulated wealth.