If IBM built a computer system for Outback Barbie Inc. (based in Australia) at their corporate headquarters in Sydney, the project would be classified as
A. Global.
B. Overseas.
C. Local.
D. Domestic.
E. Foreign.
Answer: E
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Which of the following is not a characteristic evaluated in ratio analysis?
a. liquidity b. profitability c. solvency d. marketability
Whirlwind Fan Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan has 20 separate parts. The direct material cost is $85, and each ceiling fan requires 2.50 hours of machine time to manufacture. Additional information is as follows:
What is the cost of materials handling per ceiling fan? (Round any intermediate calculations and your final answer to two decimal places.)
A) $1.60
B) $6.00
C) $4.00
D) $10.00
Copper, Inc purchased merchandise worth $1,800 on credit, terms n/30. What is the required journal entry to record the transaction under the periodic inventory system?
A) Accounts Receivable 1,800 Purchases 1,800 B) Purchases 1,800 Accounts Payable 1,800 C) Merchandise Inventory 1,800 Accounts Payable 1,800 D) Accounts Payable 1,800 Merchandise Inventory 1,800
The probability distribution for the number of goals the Lions soccer team makes per game is given below. ? ? Number of Goals Probability ? 0 0.05 ? 1 0.15 ? 2 0.35 ? 3 0.30 ? 4 0.15 ? What is the probability that in a given game the Lions will score less than 2 goals?
A. .20 B. .50 C. .15 D. .80