Total payroll for a given week is $12,000 . If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year, assuming 50 working weeks, the entry to record the estimated liability for vacation pay for the week is:
a. Estimated Liability for Vacation Pay 840
Cash 840
b. Vacation Pay Expense 480
Cash 480
c. Vacation Pay Expense 336
Estimated Liability for Vacation Pay 336
d. Cash 168
Estimated Liability for Vacation Pay 168
C
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In standard costing,
A) the standards are developed only for overhead costs. B) the standards are developed primarily from past costs. C) comparisons with actual costs usually are not performed. D) debit and credit entries to inventory accounts are made at standard costs.
The United States in an example of a(n) ______.
a. factor-driven economy b. efficiency-driven economy c. innovation-driven economy d. manufacturing-driven economy
Speculating originally provided the economic rationale to create financial futures
Indicate whether the statement is true or false.
The approximate 95% confidence interval for a population mean is
A. 
.
B. 
.
C. 
.
D. 
.