What is the t score for a z score of –1?
a.10
b.40
c.50
d.60
ANS:B
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Which of the following statements best represents the distinction between binding and nonbinding arbitration?
A. Unlike nonbinding arbitration, binding arbitration takes place at a court, in the presence of a judge. B. If the arbitration is nonbinding, the decision and award of the arbitrator can be appealed to the courts. C. A nonbinding arbitration takes place at a court, in the presence of the jury. D. A nonbinding arbitration implies that the arbitrator's decision must be reinforced by the courts.
At the beginning of 2019, Patriots Company has the following account balances:
Accounts Receivable $40,000 (Debit) Allowance for Bad Debts $7000 (Credit) Bad Debts Expense $0 During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $790,000, and $17,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The amount of bad debts expense for 2019 is ________. A) $20,250 B) $41,000 C) $17,000 D) $10,250
Barredo Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.60Direct labor$3.65Variable manufacturing overhead$1.65Fixed manufacturing overhead$2.80Fixed selling expense$0.70Fixed administrative expense$0.40Sales commissions$0.50Variable administrative expense$0.45 If 4,000 units are sold, the variable cost per unit sold is closest to:
A. $14.70 B. $12.85 C. $16.75 D. $11.90
Direct questions are usually answered in a few sentences, and they provide salespeople with useful details about prospects.
Answer the following statement true (T) or false (F)