What percent of the area under the normal curve is covered by ±1.96 standard deviations?
A) 68
B) 75
C) 95
D) 99
E) 100
C
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At the time that an AP/CD process makes payment for goods or services, the process generally follows which order."
a. select and record payments, prepare proposed payments, issue and record disbursements b. prepare proposed payments, issue and record disbursements, select and record payments c. issue and record disbursements, select and record payments, prepare proposed payments d. prepare proposed payments, select and record payments, issue and record disbursements
The difference between the actual allocation base (actual quantity) and the amount of the allocation base that should have been used (standard quantity) times the standard cost is called the ________.
A) variable overhead cost variance B) variable overhead efficiency variance C) fixed overhead cost variance D) fixed overhead volume variance
Synchronization of cash flows is an important cash management technique, as proper synchronization can reduce the required cash balance and increase a firm's profitability.
Answer the following statement true (T) or false (F)
Murphy Corporation had originally purchased land for $38,000. It later sold it for $38,000 in cash. Which of the following is true of the effect of the sale of land on the accounting equation?
A) assets increase and liabilities decrease by $38,000 B) assets and equity increase by $76,000 C) assets increase by $38,000; equity increases by $38,000 D) the amount of total assets remains the same