The county office in which recordings of property transfer are to be filed varies by state

Indicate whether the statement is true or false


TRUE

Business

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A random sample of 100,000 credit sales in a department store showed an average sale of $87.25. From past data, it is known that the standard deviation of the population is $20.00. What is the 95% confidence interval of the population mean?

A. $87.22 to $87.28 B. $87.13 to $87.37 C. $19.97 to $20.03 D. $19.88 to $20.12

Business

Pearson Hardman Inc. currently has 2 million shares outstanding and earnings per share (EPS) of $6. After a 3-for-2 split, the shares outstanding and EPS will be:

A) 1.33 M Shares outstanding, $9 EPS B) 1.50 M Shares outstanding, $6 EPS C) 2.00 M Shares outstanding, $6 EPS D) 3.00 M Shares outstanding, $4 EPS E) 3.67 M Shares outstanding, $4 EPS

Business

Partnerships may maintain their capital accounts according to which of the following rules?

A. GAAP. B. 704(b). C. Only GAAP and 704(b). D. Any of the rules. E. Tax.

Business

Garrity Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $6.80 per machine-hour and fixed manufacturing overhead cost of $503,272 per period. If the denominator level of activity is 7,600 machine-hours, the variable element in the predetermined overhead rate would be:

A. $6.80 B. $66.22 C. $73.02 D. $72.16

Business