Changes in a firm's collection policy can affect sales, working capital, and profits.
Answer the following statement true (T) or false (F)
True
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There is an appropriate test to compare two averages when there are no groups such as male v. female. The test calculates differences between the averages of two different variables
Indicate whether the statement is true or false
Hughes Company manufactures harmonicas which it sells for $31 each. Variable costs for each unit are $18 and total fixed costs are $3925. How many units must be sold to earn income of $5500?
A) 725 B) 423 C) 304 D) 524
An offer made in undue excitement is an effective offer.
Answer the following statement true (T) or false (F)
Certified Management Accountants (CMA) must complete a specified number of continuing professional education credits each reporting period. Which of the four standards of ethical conduct issued by the Institute of Management Accountants likely motivated this requirement?
A. Confidentiality B. Integrity C. Competence D. Objectivity