A double-sampling plan has n1 = 50, n2 = 100, c1 = 2, and c2 = 4. Suppose on the first sample, five defectives were discovered. How many total items will be inspected before a decision is reached?
A) 50
B) 100
C) 150
D) This cannot be determined with the information provided.
A
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Trapper Company's unadjusted and adjusted trial balances on December 31 of the current year are as follows: ?UnadjustedTrial BalanceAdjustedTrial BalanceCash 4,000? 4,000Prepaid insurance 1,500? 1,200?Equipment 9,000? 9,000?Accumulated depreciation-Equipment? 800? 1,800Salaries payable??? 1,000Unearned repair fees? 2,500? 600Common stock ……………………….?1,000?1,000Retained earnings ……………………….?4,400?4,400Repair fees earned?10,000?11,900Salaries expense 3,500? 4,500?Depreciation expense-Equip.??1,000?Insurance expense 700? 1,000??18,70018,70020,70020,700Present the four adjusting journal entries that were recorded by Trapper Company.
What will be an ideal response?
The international structural stages model suggests that a typical evolutional path for an international company's structure would be
A. from international division to worldwide product division to geographical area division. B. from geographical area division to worldwide product division to global matrix. C. from international division to geographical area division to worldwide product division. D. from functional division to horizontal company to virtual corporation. E. from international division to worldwide product division to global matrix.
If year one equals $800,000, year two equals $840,000, and year three equals $896,000, the percentage to be assigned for year three in a trend analysis, assuming that year 1 is the base year, is:
A) 100% B) 89% C) 105% D) 112%
Robert owns and operates a dry cleaning store as a sole proprietorship. Robert needs more
money for the business, so Janet agrees to lend him the money. Janet is to receive one-half of the net income of the dry cleaning store until the loan and interest is paid. This situation is: A) A partnership because they share profits. B) A partnership because there is an association of two or more people. C) Not a partnership. D) A partnership because they own the business together. E) A partnership because they are carrying on a trade or business.