In order for survey research to be credible, the selected sample must be representative of the population
Indicate whether the statement is true or false
T
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Buying and selling goods and services are examples of operating activities
Indicate whether the statement is true or false
L & M loaned Joan $400 so that she could buy her textbooks for the current semester. L & M's terms for repayment of the loan (including interest) are $200 in two months, $200 in four months, and another $100 at the end of the fifth month. The legal maximum rate of interest on this type of loan is 6 percent per annum. L & M's loan is usurious.
Answer the following statement true (T) or false (F)
On December 31, 2016, Axle Services, Inc
prepared the following accrual adjustment: Salaries Expense 1,000 Salaries Payable 1,000 The company paid salaries amounting to $1,500 on January 7, 2017 for the two-week pay period that ended on January 6, 2017. Journalize the entries for January 1, 2017 and January 7, 2017, assuming the company uses reversing entries. What will be an ideal response
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the cost of placing an order is $8, what are the total ordering costs during the 10-day period?
a. $3
b. $42
c. $8
d. $24