In a consolidated balance sheet, the minority interest is reported
a. as part of long-term liabilities.
b. between liabilities and stockholders' equity
c. as part of stockholders' equity.
d. as part of long-term assets.
C
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Which of the following is NOT a control implication of distributed data processing?
a. redundancy b. user satisfaction c. incompatibility d. lack of standards
A customer has a piece of paper that states that he will receive five dollars off the selling price if he purchases a certain brand of teeth whitening strips. What sales promotion technique is being offered to this customer?
What will be an ideal response?
Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory150 units @ $10.00 5Purchase220 units @ $12.00 10Sales 140 units @ $20.0015Purchase100 units @ $13.00 24Sales 90 units @ $21.00
A. $2,590 B. $2,460 C. $2,860 D. $2,850 E. $2,580
The number of phone calls coming into a switchboard in the next five minutes will either be 0, 1, 2, 3, 4, 5, or 6. The probabilities are the same for each of these (1/7)
If X is the number of calls arriving in a five-minute time period, what is the mean of X? A) 2 B) 3 C) 4 D) 5 E) None of the above