The basis for using a normal probability distribution to approximate the sampling distribution of the sample means and population mean is
a. Chebyshev's theorem.
b. the empirical rule.
c. the central limit theorem.
d. Bayes' theorem.
c
RATIONALE: Central Limit Theorem states: In selecting random samples of size n from a population, the sampling distribution of the sample mean can be approximated by a normal distribution as the sample size becomes large.
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If Parnell Industries is uncertain that it will collect all four payments from Ranger Inc and uses the installment method of accounting for revenue recognition what amount of gross profit should Parnell recognize in 2012 from the sale?
a. $0 b. $861,883 c. $172,377 d. $800,000
Highland Company buys 70 percent of the stock of Danner Company of $91,000 . Danner Company has contributed capital of $70,000 and retained earnings of $60,000 . The consolidated financial statements would contain
a. goodwill but not minority interest. b. neither minority interest nor goodwill. c. minority interest and goodwill. d. minority interest but not goodwill.
Aaron is concerned about union organizing activities among his employees. He knows that many of the employees like and respect Derrick. Aaron thinks if he can get Derrick to vote against the union, others will do so as well. Aaron offers Derrick a 10% raise if Derrick does not vote for the union. Aaron knows this will be a lot of money, but thinks he will save money in the long term by avoiding the union. It appears that Aaron violated which of the NO TIPS rules for what management cannot do for labor elections.
A. No Threats B. No Interrogations C. No Promises D. No Spying E. None of the above
The parents of Zachary are determined to do everything right. They feel that if they do their job as parents perfectly, then their son will grow up to be a thriving, upstanding, and successful adult; omeone who can take charge in any situation and is a leader. This is important to them because they lack that quality themselves and have admired it in other people. Zachary’s parents believe that ___________ is where we get our personality.
a. Fauna b. Nurture c. Foster d. Nature