Errors such as measurement error, processing error, and interviewer error are
a. sampling errors
b. nonsampling errors
c. could be either sampling or nonsampling errors
d. impossible to detect
B
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The relevant sale or invoice price of a bond to the buyer, which adds the accrued interest to the quoted price, is its:
A. par value. B. clean price. C. negotiated price. D. dirty price. E. discount price.
Consider a perpetuity making one payment each year that has a present value of $1,500. If the annual rate of discount is 3 percent, the annual payment is
A. $15.00. B. $45.00. C. $500.00. D. $1,500.00.
Which of the following describes the cash budget?
A) It aids in planning to ensure the company has adequate inventory and cash on hand. B) It captures the variable and fixed expenses of the business. C) It depicts the breakdown of sales based on terms of collection. D) It helps in planning to ensure the business has adequate cash.
Coppelli Inc In early 2012, Coppelli Inc had budgeted for the production and sale of 24,000 units. The standard sales price and variable costs per unit were budgeted to be $6.00 and $2.00, respectively. Actual sales for 2012 totaled 25,300 units, and the actual sales price and variable costs per unit were $6.50 and $2.10, respectively. Both budgeted and actual fixed costs were $30,000. Refer to
the Coppelli Inc information above. What was Coppelli's sales price variance for 2012? A) $12,650 F B) $12,650 U C) $12,000 F D) $12,000 U