A coal company wants to determine a 95% confidence interval estimate for the average daily tonnage of coal that they mine. Assuming that the company reports that the standard deviation of daily output is 200 tons, how many days should they sample so that the margin of error will be 39.2 tons or less?
100 days
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Which of the following factors affect the substantive procedures performed in an audit?
a. The subjectivity of accounting process. b. Size of the account. c. Effectiveness of the relevant controls. d. All of the above affect the substantive procedure that are performed.
Regarding discontinued operations, which of the following statements is correct?
A) Gains and losses on the sale of plant assets are reported as discontinued operations. B) A loss on discontinued operations is reported with an addition for the applicable income tax. C) A loss on discontinued operations is included with an addition for the income tax savings on the loss. D) The disposal of the financing segment of a large corporation would be reported as a discontinued operation.
Plain English is a term that describes basic language used by non-native speakers of English
Indicate whether the statement is true or false
A buying situation in which a business customer signals its satisfaction by agreeing to purchase the same product at the same price is called a
A. repeat buy. B. straight rebuy. C. new buy. D. modified rebuy. E. quick buy.