The contents of a sample of 26 cans of apple juice showed a standard deviation of .06 ounces. We are interested in testing whether the variance of the population is significantly more than .003 . The p-value for this test is
a. .05.
b. greater than .10.
c. less than .10.
d. zero.
b
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Most audit firms use a schedule to accumulate the known and projected misstatements and the carryover effects of prior-year uncorrected misstatements. Which of the following statements regarding this process is false?
a. Adjustments made to correct the financial statements are referred to as booked. b. Possible adjustments to the financial statements that are left uncorrected are referred to as waived. c. Tax effects are not shown on schedules of correcting errors. d. The nature of the misstatement, as well as the quantitative amount, is considered in the judgment of materiality.
Variable costing is more appropriate than absorption costing when the decision? ________.
A) relates to production planning within the capacity limits in the short run B) does not involve analysis of profitability based on sales mix C) does not involve analysis of contribution margin D) involves reducing fixed costs that are controllable by the upper management
For most firms, the extent of direct emissions is typically only a small fraction of the extent of indirect emissions in the supply chain
Indicate whether the statement is true or false.
When interest rates change, the prices of short-term bonds will change more than those of long-term bonds
Indicate whether the statement is true or false.