Answer the following statements true (T) or false (F)
Prior to SFAS No. 106, OPEB had been handled on a cash basis of accounting.
ANSWER: T
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Details of the division of net income for a partnership should be disclosed
A) in the asset section of the balance sheet B) in the partners' subsidiary ledger C) in the statement of cash flows D) in the income statement
In September, OSHA issued six serious citations to a woodworking company for exposing employees to hazards from paint and lacquer vapors and for improperly stored flammable materials. Proposed penalties were $7,250. In December, OSHA proposed additional penalties of $27,800 because the company did not provide timely documentation that the issues had been corrected and a follow-up inspection found three uncorrected hazards, three hazards that had been allowed to reoccur, and a new hazard. The December proposed penalty is for which type of violation?
A. Willful B. Failure to abate C. Other than serious D. Repeated E. Conscious violation
A population has a mean of 60 and a standard deviation of 18. A sample of 81 observations will be taken. The probability that the sample mean will be larger than 64 is
A. 0.5228. B. 0.9772. C. 0.4772. D. 0.0228.
Panera wants to collect data about employee satisfaction within its organization. It decides to survey a sample of 500 employees by having a computer program automatically pick which employees will be in the sample. If it uses the payroll database as the list of names to choose from, which type of sampling method is Panera using?
A. Random sampling B. Sampling populations C. Stratified sampling D. Nonprobability sampling E. Quota sampling