To determine the balance of a particular account, one should refer to the
a. source documents.
b. chart of accounts.
c. book of original entry.
d. ledger.
D
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When should passive voice be used in business writing?
A) When you want to de-emphasize the action or the recipient of the action B) When you want to emphasize the bad news C) When you want to conceal the doer of the action D) Never
The IRS files criminal charges against Rich for evasion of federal taxes. Rich's accountant, Sonya, is summoned to appear in court to testify against Rich. The state where the incident occurred recognizes an accountant-client privilege. Does Sonya have to testify in federal court against her client?
a. Yes. b. Yes, but only if she is granted immunity by her state. c. No, the federal court must recognize her state's accountant-client privilege. d. No, the federal accountant-client privilege will protect her from testifying.
Which of the following pricing tools combines both the cost-oriented price setting approach and the demand-oriented price setting approach?
A. marginal analysis B. price sensitivity C. markup pricing D. average-cost pricing E. break-even analysis
A population of 1,000 students spends an average of $10.50 a day on dinner. The standard deviation of the expenditure is $3 . A simple random sample of 64 students is taken
a. What are the expected value, standard deviation, and shape of the sampling distribution of the sample mean? b. What is the probability that these 64 students will spend a combined total of more than $715.21? c. What is the probability that these 64 students will spend a combined total between $703.59 and $728.45?