Samples of 100 checks each were taken at a bank from an encoding machine (which records the amount of a check) over a five-day period. Details are summarized in Table 5.3
If the bank were to use the average proportion defective from these five samples as the central line for a process control chart, what would be the central line?
A) less than or equal to 0.01
B) greater than 0.01 but less than or equal to 0.02
C) greater than 0.02 but less than or equal to 0.03
D) greater than 0.03
C
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The next critical technological opportunity for organizations is predicted to be: Bella's Boutique used to be a brick and mortar store exclusively. It has gradually increased its Internet sales, and online sales now account for most of its revenue. This change in sales model illustrates the importance of monitoring which segment of the environment?
A. Political/legal B. Economic C. Demographic D. Technological
What does the review service provided by the CPA firm require?
a. It requires the CPA to make inquiries concerning matters affecting the financial statements. b. It requires the CPA to confirm accounts receivable. c. It requires the CPA to test internal controls. d. It requires the CPA to provide reasonable assurance.
A company has two different products that are sold in different markets. Financial data are as? follows: Product A Product B Total Revenue ?$15,000 ?$9,400 ?$24,400 Variable cost ?(7,000) ?(9,800) ?(16,800) Fixed cost? (allocated) ?(3,000) ?(2,100) ?(5,100) Operating income? (loss) ?$5,000 ?$(2,500) ?$2,500 Assume that fixed costs are all unavoidable and that dropping one product would not impact sales of the other. If Product B is? dropped, what would be the impact on total operating income of the? company?
________ will tell you how long it will take you to earn enough profit to cover your start-up investment.
A. Return on sales B. Return on assets C. Payback D. ROI