A form of convenience sampling in which the population elements are selected based on the researcher's discretion is called judgmental sampling
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TRUE
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When goods are shipped FOB shipping point, the seller retains economic control until the goods are received by the buyer; therefore, the buyer should not record the goods into inventory until they are received
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A revenue for which the service has been performed but that has not been recorded is a deferred revenue
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Ewing Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard 3 pounds per product Direct labor time standard 5 hours per product Direct materials price standard $10 per pound Direct labor rate standard $ 9 per hour Standard variable overhead rate $ 5 per labor hour
Standard fixed overhead rate $10 per labor hour The standard unit cost for overhead is a. $15. b. $25. c. $50. d. $75.
Identifying capital investment needs falls under which stage of the management process?
A) Planning B) Performing C) Evaluating D) Communicating