A chi-squared test of a contingency table with 6 degrees of freedom results in a test statistic of 13.25 . Using the chi-squared table, the most accurate statement that can be made about the p-value for this test is that p-value is greater than .025 but smaller than .05
Indicate whether the statement is true or false
T
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On January 2, 2016, Hannah Company sold a machine for $1,000 that it had used for several years. The machine cost $12,000, and had accumulated depreciation of $9,000 at the time of sale. What gain or loss will be reported on the income statement for the sale of the machine?
a. Gain of $2,000 b. Loss of $11,000 c. Loss of $2,000 d. Gain of $3,000
Insistence from the CEO that she must be present at all meetings between the audit committee and internal/external auditors would cause auditors to assess inherent risk at a higher level
a. True b. False Indicate whether the statement is true or false
Someone authorized to act on behalf of another is generally known as a(n):
A) Independent contractor. B) Agent. C) Employee. D) Surety.
Minnetonka, Inc is a merchandiser of stone ornaments
The company sold 15,100 units during the year. The company has provided the following information: Sales Revenue $558,000 Purchases (excluding Freight In) 280,000 Selling and Administrative Expenses 280,000 Freight In 66,000 Beginning Merchandise Inventory 13,000 Ending Merchandise Inventory 52,000 What is the unit cost per item sold? (Round your answer to the nearest cent.) A) $19.21 B) $15.77 C) $22.85 D) $19.40