In a test of independence, when ? = .01, k1 = 7 and k2 = 4, degrees of freedom are…

a. 6
b. 3
c. 27
d. 18


d. 18

Business

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If the ending inventory balance is understated, net income of the same period

a. will be overstated. b. will be understated. c. will be unaffected. d. cannot be determined from the information.

Business

Technostrain Corporation manufactures two products: X and Y. The company has 4,000 hours of machine time available and can sell no more than 800 units of product X. Other pertinent data follow. Product X Product YSelling price$8.00  $19.00 Variable cost 3.00   5.00 Fixed cost 3.50   6.25 Machine time per unit2 hours  3 hours Which of the following is a constraint function of Technostrain ?

A. Minimize Z = 6.50X + 11.25Y. B. 2X + 3Y ? 4,000. C. X ? 800. D. 2X ? 4,000; 3Y ? 4,000. E. Maximize Z = 5X + 14Y.

Business

Which of the following is true with regard to the federal Electronic Funds Transfer Act?

a. It is primarily a regulatory statute. b. It gives the same protections to customers that are found in Article 4. c. It limits a customer's liability for unauthorized transfers to $50 if the consumer notifies the financial institution within two days after learning of the loss or theft. d. All of these.

Business

__________ damages compensate a party for losses that occur as a foreseeable result of the breach

a. Quantum meruit b. Reliance c. Restitution d. Consequential

Business