A single numerical value used as an estimate of a population parameter is known as
a. a parameter
b. a population parameter
c. a mean estimator
d. a point estimate
D
You might also like to view...
Which of the following accounts might appear in the adjusted trial balance but not in the post-closing trial balance?
a. Depreciation Expense–Building b. Retained Earnings c. Unearned Revenue d. Income Summary
3D HD TV Company, a firm in Minnesota, advertises on the Web. A court in North Dakota would be most likely to exercise jurisdiction over 3D HD if the firm
A. conducted substantial business with North Dakota residents through its Web site. B. interacted with any North Dakota resident through its Web site. C. only advertised without interactivity at its Web site. D. suddenly removed its ad from the Internet.
Find the trade discount amount for an order of merchandise with a list price of $15,000 less trade discounts of 40/20/10. (Find the single equivalent discount first)
What will be an ideal response?
Which of the following statements about accrual basis accounting is correct?
A. IFRS does not allow accrual basis accounting for external reporting of income. B. The items reported on the income statement continue to have an impact beyond the current period, whereas the items reported on the balance sheet impact just the current period. C. If a company uses accrual basis accounting, the company should not record revenue until payments are actually received. D. If a company uses accrual basis accounting, the company should record expenses in the same period as the revenues they generate.