A random sample of 121 checking accounts at a bank showed an average daily balance of $300 and a standard deviation of $44 . Develop a 95% confidence interval estimate for the mean of the population
$292.16 to $307.84
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Which of the following factors will result in control risk being assessed at a higher level?
a. Controls are well designed. b. There is a lack of supervision of accounting personnel. c. Accounting staff are well trained and educated. d. The control environment is operating effectively.
What should a salesperson using the FAB selling technique primarily stress during a sales presentation?
What will be an ideal response?
Potestio Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$49,530 Budgeted fixed manufacturing overhead 252,720 Total budgeted manufacturing overhead$ 302,250 Budgeted production (a) 30,000unitsStandard hours per unit (b) 1.30machine-hoursBudgeted hours (a) × (b) 39,000machine-hours Applying Overhead: Actual production (a) 31,000unitsStandard hours per unit (b) 1.30machine-hoursStandard hours allowed for the actual production
(a) × (b) 40,300machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$80,560 Actual fixed manufacturing overhead 266,720 Total actual manufacturing overhead$ 347,280 Actual hours 42,400machine-hoursThe total of the overhead variances is: (Round your intermediate calculations to 2 decimal places.) A. $34,955 U B. $45,030 F C. $45,030 U D. $34,955 F
As interest rates go up, bond prices
A) also go up. B) go down. C) remain the same. D) may go up or down.