Wister Corporation had sales of $462,000 for the just completed year. Shown below are the beginning and ending balances of various Wister accounts: EndingBeginningCash and cash equivalents$105,000 $132,000 Accounts receivable$168,000 $142,000 Inventory$472,000 $536,000 Accounts payable$74,000 $91,000 Retained earnings$364,000 $292,000 Wister prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Wister show for its sales adjusted to a cash basis (i.e., cash received from sales)?
A. $488,000
B. $462,000
C. $436,000
D. $445,000
Answer: C
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Which of the following is not a step in the simulation methodology?
a. Analyzing input b. Designing experiments c. Running the simulation model d. Analyzing output
Your investment executive claims that the average yearly rate of return on the stocks she recommends is at least 10.0%. You plan on taking a sample to test her claim. The correct set of hypotheses is
A. H0: ?< 10.0% Ha: ?
10.0%.
B. H0: ?
10.0% Ha: ?> 10.0%.
C. H0: ?> 10.0% Ha: ?
10.0%.
D. H0: ?
10.0% Ha: ?< 10.0%.
The early majority have a lot of contact with
A. salespeople only. B. innovators. C. the mass media, salespeople, and early adopter opinion leaders. D. impersonal and scientific information sources. E. the mass media only.