Reports refer to the structured presentation of data using sorting, grouping, filtering, and other operations
Indicate whether the statement is true or false
TRUE
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In order to estimate the average electric usage per month, a sample of 64 houses was selected and the electric usage was determined. Assume a population standard deviation of 320 kilowatt-hours. If the sample mean is 1858 kWh, the 95% confidence interval estimate of the population mean is _____ kWh.
A. 1779.6 to 1936.4 B. 1818 to 1898 C. 1792.2 to 1923.8 D. 1538 to 2178
An increase in the use of technology has caused
a. a decline in the amount of fixed costs in an organization. b. fewer costs to be susceptible to short-run control. c. companies to be more flexible in responding to short-term conditions. d. managers to be less concerned about capacity utilization because of the increased ability to produce in large quantities.
Rock Bottom Tiles has developed a new customer-oriented business model. Rather than maintain a network of showrooms across the country, the business will now let customers choose several styles that interest them from an online site, and will ship samples of each of the styles to the customer to test in their home free of charge. Once they have settled on a tile choice, Rock Bottom will send a representative to their home to schedule installation. The company has determined that busy middle-class customers will value the convenience of the new model, which allow them to upgrade the look of their homes without spending time browsing showrooms. The new model will be created by selling the old showrooms and shifting resources to the new online site and regional offices for sales personnel.
What question remains for Rock Bottom to ask in order to put its strategy into action? A. Who are the main stakeholders who will be performing the activities? B. How are the offerings to the customers created? C. Why does the business model create value? D. What activities need to be performed to create and deliver the offerings to consumers?
Which of the following statements is true?
A. Under absorption costing, fixed manufacturing overhead is expensed as period expenses. B. Fixed manufacturing overhead costs are treated the same under both absorption costing and variable costing. C. Under variable costing, direct materials and direct labor are expensed as period expenses. D. Reported income under absorption costing is not affected by production level changes. E. Under variable costing, fixed manufacturing overhead is expensed as period expenses.