An automobile dealership is waiting to take delivery of nine new cars. Today, anywhere from zero to all nine cars might be delivered. It is appropriate to use the classical method to assign a probability of 1/10 to each of the possible numbers that could be delivered
a. True
b. False
Indicate whether the statement is true or false
False
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Ned sold his refrigerator to his next door neighbor, Ian. Ned fails to tell Ian he has not finished paying for the refrigerator and Neighborhood Bank has a lien on it
a. Ned has breached the warranty against infringement. b. Ned has breached the warranty of title. c. Ned has breached the warranty of merchantability. d. Ned has not breached any warranties because he did not guarantee that the refrigerator was free and clear of security liens.
Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 80,000Total fixed manufacturing overhead cost$312,000Variable manufacturing overhead per machine-hour$2.10Recently, Job T629 was completed with the following characteristics: Number of units in the job 50Total machine-hours 200The estimated total manufacturing overhead is closest to:
A. $312,002 B. $480,000 C. $168,000 D. $312,000
Which of the following is true regarding fiduciary funds?
A. Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund held to distribute resources to local not-for-profit charities. B. Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool. C. Both of the above. D. Neither of the above.
What is your bottom-line goal of why you are attending college?
What will be an ideal response?