An alternative hypothesis is a statement of the status quo, one of no difference or no effect
Indicate whether the statement is true or false
FALSE
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A strategy is a(n):
A) set of opportunities in the marketplace. B) broad statement of purpose. C) simulation used to test various product line options. D) plan for cost reduction. E) action plan to achieve the mission.
Comment periods are not required for modifications of rules, only new rules
Indicate whether the statement is true or false
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $14,800. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,200, outstanding checks of $1,600, a NSF check of $560, bank service charges of $24 and the EFT from a customer in payment of the customer's account of $1,200.What journal entry should be recorded by Egrane for the EFT?
A. Debit Cash and credit Accounts Receivable for $1,200. B. No journal entry is necessary for this item. C. Debit Accounts Receivable and credit Cash for $1,200. D. Debit Cash and credit Sales Revenue for $1,200.
This year, Johnson Mills has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. The firm will add $2,810 to retained earnings. What is the depreciation expense?
A) $2,300 B) $3,709 C) $2,640 D) $780 E) $3,577