A measure of central tendency given as the value that occurs the most in a sample distribution is called the median
Indicate whether the statement is true or false
FALSE
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Which of the following internal control activities most likely would ensure that all billed sales are correctly posted to the accounts receivable ledger?
A. Each sales invoice is supported by a prenumbered shipping document. B. Each shipment on credit is supported by a prenumbered sales invoice. C. Daily sales summaries are compared to daily postings to the accounts receivable ledger. D. The accounts receivable ledger is reconciled daily to the control account in the general ledger.
Darnell Company purchased $88,000 of computer equipment from Joseph Company. Darnell Company paid for the equipment using cash that had been obtained from the initial investment by Donnie Darnell. The transaction involving the computer equipment should be recorded on the accounting records of which of the following entities?
A) Darnell Company and Donnie Darnell's personal records B) Joseph Company and Donnie Darnell's personal records C) Darnell Company and Joseph Company D) Joseph Company
Brad stands in front of Rooster's Round-Up Café, shouting "fighting words" that are likely to incite Rooster's patrons to respond violently. The First Amendment protects such speech
a. all of the time. b. none of the time. c. only if it is noncommercial. d. only if it is symbolic.
Auto & Truck Loan Corporation uses "self-help" repossession when its debtors default on their loans. This simplifies the process of repossession because
A. it can be done without judicial process. B. it is less stressful for debtors. C. it provides an incentive for confrontations with debtors. D. the UCC clearly defines what constitutes "breach of the peace."