A Markov assumption is that the probabilities are constant over time
Indicate whether this statement is true or false.
Answer: TRUE
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In confirming accounts receivable, an auditor decided to confirm customers' account balances rather than individual invoices. Which of the following most likely would be included with the entity's confirmation letter?
A. A client-prepared letter reminding the customer that a nonresponse will cause a second request to be sent. B. An auditor-prepared letter explaining that a nonresponse may cause an inference that the account balance is correct. C. An auditor-prepared letter requesting the customer to supply missing and incorrect information directly to the auditor. D. A client-prepared statement of account showing the details of the customer's account balance.
Rather than containing a set of IF-THEN rules, more sophisticated ESs use _____, which are designed to mimic the way a human brain learns.
A. neural networks B. what-if analysis C. communication networks D. sensitivity analysis
Lubing Company Lubing Company sold merchandise to Lewing Corporation. on December 1, 2012, for $100,000. Lubing accepted a promissory note from Lewing Corporation for $100,000. The note has a term of 6 months and an annual interest rate of 9%. Lubing's accounting period ends on December 31, 2012. Refer to the information provided for Lubing Company. What amount should Lubing recognize as interest
revenue on the maturity date of the note? A) $ -0- B) $4,500 C) $3,750 D) $9,000
Which of the following is NOT one of the basic sales tasks?
A. order-getting B. order-taking C. sales-promoting D. supporting