The amount spent on textbooks for the fall term was recorded for a sample of five hundred
university students. It was determined that the 75th percentile was the value $500.
Which of the
following interpretations of the 75th percentile is correct?
A) 25% of the students sampled had textbook costs that exceeded $500.
B) 75% of the students sampled had textbook costs that exceeded $500.
C) 75% of the students sampled had textbook costs equal to $500.
D) The average of the 500 textbook costs was $500.
A
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Blanton Corporation purchased 35% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it receives from Worton Corporation?
A) debit Investment in Worton Corporation; credit Cash B) debit Cash; credit Dividend Revenue C) debit Investment in Worton Corporation; credit Income of Worton Corporation D) debit Cash; credit Investment in Worton Corporation
ABC costing might lead to:
A. increasing low-volume products that appear to be profitable. B. decreasing high-volume products that appear to be unprofitable. C. increasing materials cost. D. increasing the sales price of high-volume products. E. increasing the sales price of low-volume products.
A fixed cost is not constant per unit of product.
Answer the following statement true (T) or false (F)
Individual decision situations are those where the solution affects only one of the leader's:
A. Groups B. Followers C. Goals D. All of the choices are correct.