Given that z is a standard normal random variable, what is the value of z if the area to the left of z is 0.0559?
a. 0.4441
b. -1.59
c. 0
d. 1.50
b
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There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can't afford sufficient employees to guarantee effective segregation of duties.. Which of the following is NOT one among them?
a. Pay everything by check so that there is a record. b. Always open the bank statement and reconcile it themselves. c. Allow one key employee to operate the bank account personally. d. Sign every check themselves and not delegate the signing to anyone else.
Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash$53,150?Short-term investments 10,000?Accounts receivable 50,000?Inventory 190,000?Prepaid expenses 6660?Accounts payable 104,000?Other current payables 30,700?
A. 0.43 and 1.19 B. 2.30 and 0.84 C. 2.74 and 1.19 D. 1.30 and 0.84 E. 1.30 and 1.00
Which of the following errors will cause the trial balance to be out of balance?
A) Posting a debit to Land as a debit to Machinery. B) Placing a debit balance amount into the credit balance column of the ledger. C) Omitting an entire transaction. D) Incorrectly recording the purchase of land for cash as a debit to Cash and a credit to Land.