A population consists of 8 items. The number of different simple random samples of size 3 that can be selected from this population is

a. 24
b. 56
c. 512
d. 128


B

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Which of the following causes sampling error?

A) the method of sample selection B) the size of the sample C) the method of the sample selection and the size of the sample D) miscounting and other clerical errors E) the size of the sample and clerical errors

Business

Firms must designate each derivative as a hedging instrument, or else accounting views the derivative as a nonhedging instrument. Furthermore, firms must designate each hedging instrument as either a fair value hedge or a cash flow hedge. The accounting for nonhedging derivatives

a. remeasures both the hedged item and the derivative to fair value each period and recognize any unrealized gains and losses in net income. b. remeasures the derivative to fair value each period and include the unrealized gain or loss in other comprehensive income to the extent that the derivative instrument is effective in neutralizing risk. When the firm settles the hedged item, transfer the previously unrealized gain or loss from other comprehensive income to net income. c. remeasures the derivative to fair value each period and include the unrealized gain or loss in net income. d. all of the above e. none of the above

Business

Formal rulemaking is the model most often used by administrative agencies because it is efficient in terms of time and cost

Indicate whether the statement is true or false

Business

Olly Company is a merchandising business that sells dog food. Based on the following information, what is the gross margin for Olly Company?   Sales Revenue$500,000 Cash 100,000 Accounts Receivable 50,000 Inventory 25,000 Cost of goods sold 300,000 Operating expenses 40,000  

A. $135,000 B. $200,000 C. $285,000 D. $160,000

Business