An effective summary saves time by reducing a report or article by 85 to 95 percent
Indicate whether the statement is true or false
True
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Consider a coupon bond that pays $150 every year and repays its principal amount of $1,500 at the end of five years. If the annual rate of discount is 7 percent, the present value of the bond is approximately
A. $214.29. B. $808.39. C. $1,684.50. D. $1,742.52.
The "law of large sample size" refers to:
A) confusing the size of the sample with the representativeness of the sample B) the industry standard referring to the need for a sample size of 500 respondents C) the industry standard that the accuracy benefits of excessively large samples are typically greatly justified by their increased costs D) calculating the restrictive power of the sample to 95% or more E) all of the above
Which of the following statements about Blue Cross Plans is (are) true? I. They provide coverage for physicians' and surgeons' fees. II. They usually provide benefits for hospital charges
A) I only B) II only C) both I and II D) neither I nor II
The Gadget Company manufactures a wrist watch for spy agencies. The watch has a built-in cell phone, Geiger counter, compass, magnet and garroting wire. Sales are expected to commence in February and remain level at 10,000 units per month
The watch sells for $2 per unit. Gadget expects all of its sales to be on credit, and will collect half of its accounts in the month after the sale and the other half two months after the sale. What are total cash inflows in April? Sales and Collections Forecast The Gadget Company January February March April Sales Forecast $0 $20,000 $20,000 $20,000 Collections from last month Collections from 2 months ago Total Cash Inflows A) $0 B) $9,800 C) $10,000 D) $20,000 E) $23,700