Which of the following is NOT an economic problem that a country whose currency has been devalued can experience?
a. inflation
b. unstable financial markets
c. recession
d. drop in product quality
d. drop in product quality
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Answer the following statements true (T) or false (F)
1) A company discovers that its cost of goods sold is understated by an insignificant amount. It does not need to correct the error because of the conservatism principle. 2) The accounting principles followed for a $5,000 cost in a small company must be the same as the accounting principles followed for a $5,000 cost in a large company. 3) Properly recording inventory when sold and removing the units sold from the inventory count will prevent a company from running out of inventory. 4) Maintaining good controls over merchandise inventory ensures that inventory purchases and sales are properly authorized and accounted for by the accounting system. 5) Ending inventory is calculated by multiplying the number of units on hand by the unit cost.
Refer to the figure above. The triangular area between the horizontal axis and Line A, to the right of 4,000, represents:
A. fixed cost. B. sales revenue. C. variable cost. D. profit. E. loss.
Of 155 Chattanooga residents surveyed, 60 indicated that they participated in a recycling program. In Knoxville, 120 residents were surveyed and 38 claimed to recycle. a.Determine a 95% confidence interval estimate for the difference between the proportion of residents recycling in the two cities.b.From your answer in Part a, is there sufficient evidence to conclude that there is a significant difference in the population proportion of residents participating in the recycling program?
What will be an ideal response?
The Gramm-Leach-Bliley Act is aimed at the healthcare industry.
Answer the following statement true (T) or false (F)