Which of the following statements is false?
a. Statistics can be divided into two branches: descriptive and inferential.
b. The mean, median and mode, are measures of typicalness or central tendency.
c. The range and standard deviation are measures of spread or dispersion or variability.
d. A discrete quantitative variable can take on a value at any point along an interval.
e. The four scales of measurement are important in determining appropriate methods for data description and analysis.
D
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Which one of the following is an assumption made in the preparation of financial statements?
a. Financial statements are prepared for a specific entity that is distinct from the entity owners. b. Financial statements are prepared assuming that inflation has a distinct effect on the monetary unit c. Preparation of financial statements for a specific time period assumes that the balance sheet covers a period of time. d. Market values are always assumed to be irrelevant when preparing financial statements.
Electronic media are sometimes referred to as
A) legacy media. B) direct media. C) indirect media. D) non-media. E) new media.
Which of the following statements is True
a. A mixed cost can be separated into fixed and variable components using the Hi Lo method b. As production increases, the fixed cost per unit will decrease. c. Depreciation computed under the straight line method is a fixed cost. d. All of the above statements are true.
Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$233,000Cash dividends declared for the year 50,000Proceeds from the sale of equipment 85,000Gain on the sale of equipment 4,500Cash dividends payable at the beginning of the year 22,000Cash dividends payable at the end of the year 30,000Net income for the year 110,000The amount of cash paid for dividends was:
A. $42,000. B. $58,000. C. $50,000. D. $60,000. E. $52,000.