Implied warranties of quality cannot be disclaimed.
Answer the following statement true (T) or false (F)
False
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According to agency theory ______.
A. a corporation’s primary responsibility is to its shareholders B. corporations need to pay attention to all groups impacted by their operation C. outside groups need to be treated fairly D. outside groups are worthy of respect
The management of Musselman Corporation would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing. The company's accounting department has supplied the following estimates for the new product: Per UnitPer YearDirect materials$27 Direct labor$16 Variable manufacturing overhead$8 Fixed annual manufacturing overhead $216,000 Variable selling and administrative expenses$3 Fixed annual selling and administrative expenses $72,000 ?Management plans to produce and sell 9,000 units of the new product annually. The new product would require an investment of $1,305,000 and has a required return on investment of 10%.?The unit target selling price using the absorption costing approach is closest to:
A. $100.50 B. $115.00 C. $86.50 D. $83.33
The width of a confidence interval ____________________ when more data is collected
Fill in the blank(s) with correct word
Non-statistical sampling may be better to use than statistical sampling when ________.
A) auditors are not technically proficient in sampling B) the inherent risk of error in the population is low C) the population is known to be diverse, with a high inherent risk of error D) the auditor has insufficient knowledge about the population to take a statistical sample