Researchers carefully design experiments with independent and dependent variables to test predicted relationships among those variables

Indicate whether the statement is true or false


TRUE

Business

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Goldman Corp reported the following information for 2015 and 2016. Accounts payable, December 31, 2015 $ 51,000 Accounts payable, December 31, 2016 46,000 Purchases—2016 467,000 How much cash was paid for merchandise purchases during 2016?

a. $421,000 b. $462,000 c. $467,000 d. $472,000

Business

The auditor obtains the current market value of marketable securities by confirmation with the holder of the security

a. True b. False Indicate whether the statement is true or false

Business

Variable expense per unit consists only of direct materials, direct labor, and variable overhead

Indicate whether the statement is true or false

Business

What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights:

4, 3, 2 (largest weight is for most recent data)? Nov. Dec. Jan. Feb. Mar. April 37 36 40 42 47 43

Business