In a test of independence, if x2 = 9.0, k1 = 3 and k2 = 3, you should…
a. Reject the null
b. Retain the null
c. Retain the alternative
d. Reject the alternative
b. Retain the null
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The data presented below is for Falconi, Inc for 2016. Credit sales during the year $2,100,000 Accounts receivable—December 31, 2016 395,000 Allowance for doubtful accounts—December 31, 2016 20,000 Bad debt expense for the year 17,000 What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?
a. $378,000 b. $375,000 c. $358,000 d. $ 20,000
The COSO principle that an organization should identify and assess changes that significantly impact the system of internal control is related to which COSO component?
a. Control Environment b. Risk Assessment c. Control Activities d. Monitoring
Describe the three ways information-based services can be distributed internationally and give an example of each
What will be an ideal response?
The decline in strike activity since the 1980's can be attributed to all of the following except:
A. Strikes track the business cycle and business is less cyclical today than in the 1980's. B. Both parties have better information today than in the past. C. There is increased resistance by management. D. There is less uncertainty in important market forces like inflation.