A company collected the ages from a random sample of its middle managers, with the resulting frequency distribution shown below.ClassIntervalFrequency?20 to < 258?25 to < 306?30 to < 355?35 to < 4012?40 to < 4515?45 to < 507?What is the midpoint of the third class interval?
A. 32.5
B. 42.5
C. 22.5
D. 37.5
E. 27.5
Answer: A
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Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $8000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $20,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
A. Debit Salaries expense $12,000; debit Salaries payable $8000; credit Cash $20,000. B. Debit Salaries expense $8000; credit Salaries payable $8000. C. Debit Salaries expense $12,000; credit Salaries payable $12,000. D. Debit Salaries payable $12,000; credit Cash $12,000. E. Debit Salaries payable $8000, credit Salaries expense $8000.
Because ________ are seen as an implicit commitment, they send a ________ signal of financial strength to shareholders
A) regular dividends, strong B) dividends, weak C) repurchases, strong D) repurchases, weak
Projects need control and consistency for accomplishing the objectives while still involving all of the project members. This implies project managers should possess ________ skills.
A. communication B. persuasive and accommodative C. interpersonal D. empowerment and delegation
A major disadvantage of investing in mutual funds is that ________
a. the judgment of the fund managers may be wrong b. the fund managers do the hard work of research and diversification c. if one investment fails, the losses should be balanced by gains among other investments d. there are no fees to be paid to the money managers