Security posted by a promissory note maker to the lender for repayment of money is known as collateral
Indicate whether the statement is true or false
TRUE
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The accountant for the Daneen Company made the following errors related to purchases of merchandise and ending inventory in 2016: 1. A $3,100 purchase of merchandise on credit early in 2015 was recorded and included in ending inventory at December 31, 2016. 2. A $2,750 purchase of merchandise on credit in 2014 was recorded, but it was not included in the end-of-year physical inventory count. ?
Assuming a periodic inventory system, Daneen Company's 2016 net income will be A) understated by $350. B) understated by $5,850. C) overstated by $5,850. D) overstated by $350.
What percent of the area under the normal curve is covered by ±1.96 standard deviations?
A) 68 B) 75 C) 95 D) 99 E) 100
To raise capital to form Plasticity Corporation with Quinn, Rona sells bonds and stock in other companies, and plans to register an initial public offering under the Securities Act of 1933 . SEC Rule l0b-5 covers
a. most forms of securities. b. only bonds. c. only securities registered under the Securities Act of 1933. d. only stock.
Which of the following variables are probabilistic in an inventory model that requires simulation?
A) demand only B) lead time only C) holding cost only D) Both A and B E) A, B, and C