Which of the following statements are correct?
a. A point estimate is an estimate of the range of a population parameter
b. A point estimate is a single value estimate of the value of a population parameter
c. A point estimate is an unbiased estimator if its standard deviation is the same as the actual value of the population standard deviation
d. All of these choices are correct
b
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Alexis Co. reported the following information for May: Part AUnits sold 5,000unitsSelling price per unit$800 Variable manufacturing cost per unit 520 Sales commission per unit - Part A 80 What is the manufacturing margin for Part A?
A. $1,000,000 B. $3,600,000 C. $1,400,000 D. $2,600,000 E. $2,400,000
Porter Co. is analyzing two potential investments. Project XProject YCost of machine$68,000 $60,000 Net cash flow: Year 1 24,000 4,000 Year 2 24,000 26,000 Year 3 24,000 26,000 Year 4 0 20,000 If the company is using the payback period method and it requires a payback of three years or less, which project(s) should be selected?
A. Project Y. B. Project Y because it has a lower initial investment. C. Both X and Y are acceptable projects. D. Project X. E. Neither X nor Y is an acceptable project.
Which of the following is not a right included with the issuance of a federal patent?
a. Exclusive authority to license use of the patented process or object. b. Exclusive authority to license manufacture of the patented object. c. Exclusive right to license sales of the patented process. d. Right to prevent the patented process or design from ever being used.
In the balanced scorecard, the customer perspective addresses which of the following questions?
A. "To achieve our mission, how should we appear to our customers?" B. "To succeed financially, how should we appear to our shareholders?" C. "To achieve our mission, how will we sustain our ability to change and improve?" D. "To satisfy our shareholders and customers, in what business process must we excel?"