A simple random sample of 36 items resulted in a sample mean of 40 and a standard deviation of 12 . Construct a 95% confidence interval for the population mean
35.94 to 44.06
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In a CVP graph, the area between the total cost line and the total revenue line represents total
a. contribution margin. b. variable costs. c. fixed costs. d. profit.
The following is a correct order of decreasing liquidity: pocket money, checking account, passbook savings account, money market deposit account, CD
Indicate whether the statement is true or false.
Fargo Company's outstanding stock consists of 300 shares of noncumulative 5% preferred stock with a $10 par value and 3600 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declaredyear 1$26,000?year 2$9000?year 3$35,000?The amount of dividends paid to preferred and common shareholders in year 1 is:
A. $13,000 preferred; $13,000 common. B. $19,500 preferred; $6500 common. C. $150 preferred; $25,850 common. D. $26,000 preferred; $0 common. E. $3000 preferred; $23,000 common.
Match the following definitions and terms by placing the letter for the terms A through J in the blank space next to the best definition.A. Trade discountF. Acid-test ratioB. General and administrative expensesG. Merchandise inventoryC. FOB shipping pointH. Selling expensesD. Single-step income statementI. Multiple-step income statementE. FOB destinationJ. Inventory shrinkage___1. A measure of a company's ability to pay its current liabilities that excludes less liquid current assets such as inventory and prepaid expenses.___2. An income statement format that lists cost of goods sold as another expense and shows only one subtotal for total expenses.___3. The point of ownership transfer from seller to buyer that takes place when the goods arrive at the buyer's place of business.___4.
Products a company owns and intends to sell.___5. The expenses that support a company's overall operations and include costs related to accounting, human resources and finance.___6. The point of ownership transfer from seller to buyer that takes place when the goods depart the seller's place of business.___7. Inventory losses that require an adjusting entry to account for losses from theft or deterioration.___8. An income statement format that shows detailed computations of net sales and other costs and expenses, and reports subtotals for various classes of items.___9. A given percent deducted from a list price often granted to customers purchasing large quantities of merchandise.___10. The expenses of advertising merchandise, making sales, and delivering goods to customers. What will be an ideal response?