A sampling procedure that assures each element in the population of an equal chance of being included in the sample is called ____.

A. simple random sampling
B. primary random sampling
C. primary sampling
D. stratified sampling


Answer: A

Business

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Briefly describe geographic segmentation

What will be an ideal response?

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If Bojana Tax Services' office supplies account balance on March 1 was $1,400, the company purchased $675 of supplies during the month, and a physical count of supplies on hand at the end of March indicated $1,250 unused, what is the amount of the adjusting entry for office supplies on March 31?

A. $1,250 B. $525 C. $1,975 D. $825 E. $675

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When there are intercompany sales of inventory during the year and a three-part consolidation worksheet is prepared, consolidation entries related to the intercompany sales:I. Always are needed. II. Are not needed if the entire inventory is resold to unrelated parties prior to the end of the year. 

A. Both I and II B. I C. II D. Either I or II

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Indicate whether the statement is true or false

Business