A firm's average monthly sales are $250,000 . If December's sales are $445,000, its monthly sales index is _____
a. .51
b. 2.10
c. 48
d. 178
d
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A customer payment of $247 was correctly posted in the general ledger but was recorded as $274 in the customer's account receivable. Describe a specific internal control procedure that would detect this error
A frequency distribution for a variable produces ________
A) a table of frequency counts B) percentages C) cumulative percentages D) A and B E) A, B, and C
Failure to make interest payments on debt can force a company into bankruptcy
Indicate whether the statement is true or false
In 2013 . Pauley Company paid $1,000,000 to purchase land containing a total estimated 160,000 tons of extractable mineral deposits. The estimated value of the property after the mineral has been removed is $200,000 . Extraction activities began in 2014, and by the end of the year, 20,000 tons had been recovered and sold. In 2015, geological studies indicated that the total amount of mineral
deposits had been underestimated by 25,000 tons. During 2015, 30,000 tons were extracted, and 28,000 tons were sold. What is the depletion rate per ton (rounded to the nearest cent) in 2015? a. $4.24 b. $4.32 c. $4.85 d. $5.19