The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220 . Furthermore, it is known that the computer prices manufactured by MNM are normally distributed. What is the minimum value of the middle 95% of computer prices?
a. $1,768.80
b. $1,295.80
c. $2,400.00
d. $768.80
D
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Most firms are able to increase sales by extending credit to customers
a. True b. False Indicate whether the statement is true or false
In 2016, Cunningham Company determined that it did not accrue $15,000 of interest expense in 2015, which caused a material overstatement of income. Assuming a 35% tax rate, which of the following presents the journal entries that would correct the error?
A) ?Retained Earnings 15,000Interest Payable 15,000?Income Tax Receivable (or Payable) 15,000Retained Earnings 15,000?? B) ?Retained Earnings 15,000Interest Payable 15,000?Income Tax Receivable (or Payable) 5,250Retained Earnings 5,250 C) ?Retained Earnings 9,750Interest Payable 9,750?Income Tax Receivable (or Payable) 5,250Retained Earnings 5,250?? D) ?Retained Earnings 5,250Interest Payable 5,250?Income Tax Receivable (or Payable) 9,750Retained Earnings 9,750
If the price paid per unit differs from the standard price per unit for direct materials, the variance is termed:
A) variable variance B) controllable variance C) price variance D) volume variance
After the evidence has been presented by the plaintiff's attorney:
a. the attorney for the defendant may cross-examine any of the witnesses called by the plaintiff. b. defense counsel may make an opening statement. c. defense counsel may make any motions regarding suppression of evidence. d. None of the above