Consider a standard 52-card deck of cards. The probability of drawing either a seven or a black card is 7/13
Indicate whether the statement is true or false
TRUE
You might also like to view...
Heston and Burton, CPAs, currently work a five-day week. They estimate that net income for the firm would increase by $45,000 annually if they worked an additional day each month. The cost associated with the decision to continue the practice of a five-day work week is an example of:
A) differential revenue B) sunk cost C) differential income D) opportunity cost
The Globe Theatre, completed in 1997, was built ________ the site of Shakespeare's original Globe Theatre
a. near b. near to
The process by which companies produce their financial statements for a specific period is called the ________
A) operating cycle B) closing process C) opening process D) accounting cycle
Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year$546,000 Estimated direct labor-hours at the beginning of the year 42,000direct labor-hours Results of operations: Actual direct labor-hours 47,000direct labor-hoursManufacturing overhead: Indirect labor cost$152,000 Other manufacturing overhead costs incurred$454,000 Cost of goods manufactured$1,569,000 Cost of goods sold (unadjusted)$1,458,000 The adjusted Cost of Goods Sold for the year is:
A. $1,463,000 B. $1,453,000 C. $1,458,000 D. $1,603,000