Common stock is the last stock in line for any corporate payouts, including dividends and liquidation payments

a. True
b. False
Indicate whether the statement is true or false


True

Business

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A company estimates that warranty expense will be 5% of sales. The company's sales for the current period are $168,000. The current period's entry to record the warranty expense is:

A. Debit Estimated Warranty Liability $8400 credit Warranty Expense $8400. B. Debit Warranty Expense $8400 credit Sales $8400. C. Debit Estimated Warranty Liability $8400 credit Cash $8400. D. Debit Warranty Expense $8400 credit Estimated Warranty Liability $8400. E. No entry is recorded until the items are returned for warranty repairs.

Business

A strategy is a plan of action followed by a player

Indicate whether this statement is true or false.

Business

What is the probability that a number drawn from the standard normal distribution will be between -0.60 and 0.45?

A) 0.40 B) 0.50 C) 0.60 D) 0.70

Business

In order to establish a basis from which to calculate a schedule using the estimated durations for the activities, it is necessary to

a. say who has responsibility for the first task. b. enter the tasks into a project management information system. c. select an estimated start time and a required completion time for the overall project. d. edit the calendars for the resources in the project management information system.

Business