A new young executive is perplexed at the number of interruptions that occur due to employee relations. She has decided to track the number of interruptions that occur during each hour of her day
Over the last month, she has determined that between 0 and 3 interruptions occur during any given hour of her day. The data is shown below.
Number of Interruptions in 1 hour Probability
0 interruption .5
1 interruptions .3
2 interruptions .1
3 interruptions .1
On average, she should expect 0.8 interruptions per hour.
Indicate whether the statement is true or false
TRUE
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Which of the following variations of the accounting equation describes the preparation of the statement of cash flows?
A. Change in cash = Change in (Liabilities ? Stockholders' equity + Noncash assets) B. Change in cash = Change in (Liabilities + Stockholders' equity ? Noncash assets) C. Change in cash = Change in (Liabilities + Stockholders' equity + Noncash assets) D. Change in cash = Change in (Liabilities ? Stockholders' equity ? Noncash assets)
Why is it important for a company to maintain the same accounting methods and practices from period to period?
Explain why companies must be careful to "not overpromise and underdeliver" on their products and services
What will be an ideal response?
You are the high-level manager of a growing software company. One of your products, a new software program, is highly anticipated by many potential customers
However, you discover that the software has a major bug that will require upgrades and revisions later down the road. Rather than hiding the truth, you decide to speak up and disclose the software's ?aw to your customers. Since your goal is to have customers buy from you in the future, what kind of concern did you address? A) Legal. B) Ethical. C) Practical. D) None of the above.