CordKing Electronics has entered a stage in which the demand for their innovative fax machines has declined. Now most customers are buying replacement parts or buying their second fax machine from the firm. What stage in the industry life cycle does this scenario describe?
A. growth stage
B. maturity stage
C. decline stage
D. shakeout stage
Answer: D
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A control that can ensure that receiving clerks are not influenced by quantity information while actually counting incoming goods is to:
a. send a "blind" copy of the purchase order to receiving b. establish a "tickler" file for completed purchase orders c. send copies of a receiving report to accounts payable d. establishing "blanket orders" in purchasing
Interest earned and receivable on a note receivable equals $75 for the month of March. What adjusting entry, if any, should be recorded as of March 31?
A. Debit Interest Revenue $75 and credit Interest Receivable $75. B. Debit Interest Receivable $75 and credit Interest Revenue $75. C. Debit Cash $75 and credit Interest Revenue $75. D. No journal entry is needed at this time.
Assuming the use of the indirect method to prepare the statement of cash flows, indicate whether each of the following items would be added to net income, subtracted from net income, or not included in the operating activities section. Use the letters "A" for added, "S" for subtracted, or "N" for not included in the operating activities section.
What will be an ideal response?
Which of the following distributions approximate Kruskal-Wallis test statistic H when the problem objective is to compare k populations (k > 2) where the sample sizes are greater than or equal to 5?
a. normal distribution b. chi-squared distribution c. Student t-distribution d. None of these choices.