A researcher is interested in determining the average number of years employees of a company stay with the company. If past information shows a standard deviation of 7 months, what size sample should be taken so that at 95% confidence the margin of error will be 2 months or less?
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Credit card companies must now give a 45-day notice of any rate hike.
Answer the following statement true (T) or false (F)
Comparisons across companies are difficult due to the possible use of different accounting techniques
a. True b. False Indicate whether the statement is true or false
Any initial direct costs incurred by the lessor for a sales-type lease should be
A) expensed in the same period that the lease receivable is recognized. B) recorded as a prepaid asset and allocated to expense over the lease term. C) deferred and recognized as a reduction in the interest rate implicit in the lease. D) directly charged (debited) to Retained Earnings.
Journal entries are required for the reconciling items on the book side because ________.
A) those transactions have not yet been recorded by the bank B) the adjusted balances on both sides are the same amounts C) the amounts are immaterial D) those transactions have not yet been recorded on the company's books