Three years ago, a major hotel chain purchased a large number of heating and air-conditioning units from three major manufacturers, A, B, and C. The accounting department of the hotel chain kept records on their repair and replacement costs over the last three years. The manager of the purchasing department randomly selected six brand A, seven brand B, and six brand C heating and air-conditioning unit records. The repair and replacement costs in dollars are summarized in the following table. At ? = .05, can we conclude that there is a significant difference in repair costs among the three brands?
A. Reject the null hypothesis.
B. Fail to reject the null hypothesis.
B. Fail to reject the null hypothesis.
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Motor Mike builds recreational motor homes. All of the following activities add value to the finished product except:
A. final painting and polishing. B. addition of exterior lights. C. installation of carpet. D. assembly of the frame to the chassis. E. storage of the vehicle in the sales area.
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue$46,482Cash 41,516Accounts Receivable 7,296Interest Expense 2,299Accounts Payable 5,000Operating Expenses 37,460Deferred Revenue 1,178Equipment 18,048Income Tax Expense 2,326The following activities occurred in 2019:1. Performed advertising services on account, $55,000. 2. Received cash payments on account, $10,400. 3. Received deposits from customers for advertising services to be performed in 2020, $2,500. 4. Made payments to suppliers on account, $5,000. 5. Incurred $45,000 of operating expenses; $39,000 was paid in cash and $6,000 was on account and unpaid as of the end of the
year. Which of the following is the journal entry that will be used to record activity #4? A. Debit Accounts Payable and credit Operating Expense for $5,000. B. Debit Operating Expense and credit Cash for $5,000. C. Debit Accounts Payable and credit Cash for $5,000. D. Debit Cash and credit Accounts Payable for $5,000.
The primary benefit of diversification is that it
A) is convenient. B) is cheap. C) reduces the exposure of your investments to adverse effects of any individual investment. D) increases stock volatility.
In pollution cases involving strict liability for abnormally dangerous activities, courts have found which of the following activities to be abnormally dangerous:
a. lawn mowing b. using wasteful amounts of water in product production c. crop dusting d. emitting of steam by factories e. all of the other specific choices are correct