True or False In order to use the chi-square distribution to construct confidence intervals and carry out hypothesis tests regarding the value of a population variance, an important assumption to be made is that the population is chi-square distributed
Indicate whether the statement is true or false
F
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The wages of which of the following employees would not be included in the product cost for a manufacturer of custom-built home cooking appliances?
a. shipping clerk b. appliance body welder c. factory janitor d. shop floor supervisor
Which of the following reflects the maturity stage of the product life cycle?
A. Sales: peak; Profits: peak to declining; Typical Consumers: late majority; Competitors: high number of competitors and competitive products B. Sales: low; Profits: negative or low; Typical consumers: innovators; Competitors: one or few C. Sales: rising; Profits: rapidly rising; Typical consumers: early adopters and early majority; Competitors: few but increasing D. Sales: peak; Profits: increase; Typical Consumers: laggards; Competitors: low number of competitors E. Sales: declining; Profits: declining; Typical consumers: laggards; Competitors: low number of competitors and products
In terms of servicescape complexity, which of the following is a lean service environment?
A. Delta Air Lines B. Microtel Inns & Suites C. Vanderbilt University Hospital D. ATM machine E. Fred Astaire Dance Studio
Exhibit 19-02The Sophia Company adopted a defined benefit pension plan on January 1, 2015, and prior service credit was granted to employees. The present value of those benefits was calculated to be $1,245,300 at that date. The service cost is funded in full at the end of each year, plus an additional amount of $225,000 is funded each year-end. The unrecognized prior service cost is being amortized by the straight-line method over the remaining 10-year service life of the company's active employees. Additional information relating to the company's pension plan is presented below:
2015 2016 Service cost (annual)$ 105,000 $125,000 Unrecognized prior service cost amortization124,530 124,530 Interest cost10% 10% Expected (and actual) return on plan assets10% 10% Refer to Exhibit 19-02. What is the pension expense for 2015? A. $105,000 B. $229,530 C. $315,000 D. $354,060