Answer the following statement(s) true (T) or false (F)

The Z.TEST function in Excel requires you to specify sigma.


ANS:F

Business

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An auditor most likely would limit substantive tests of sales transactions when control risk is assessed as low for the existence or occurrence assertions concerning sales transactions and the auditor has already gathered evidence supporting:

A. opening and closing inventory balances. B. cash receipts and accounts receivable. C. cutoffs of sales and purchases. D. receiving activities.

Business

Cooper's inventory has been financed 100% with a long-term note. The note is coming due in 2016. Cooper has received a commitment from a new lender that permits five-year refinancing of debt up to an amount equal to 50% of inventory, which is expected to range between $14,000 and $20,000 in 2016. At December 31, 2015, how much of the company's currently maturing note payable can be classified as

long-term debt? A) $7,000 B) $6,000 C) $10,000 D) $9,000

Business

Comment on the following statement: "No matter what the situation, the need-satisfaction presentation is always the most effective."

What will be an ideal response?

Business

Unlike with patents, the ideas underlying copyrighted material need not be novel

a. True b. False Indicate whether the statement is true or false

Business