A type I error occurs when the:
a. null hypothesis is incorrectly accepted when it is false
b. null hypothesis is incorrectly rejected when it is true
c. sample mean differs from the population mean
d. test procedure itself is fundamentally biased
b
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On December 9, A issues a 60-day promissory note to B. The December 31 adjusting entry for B is
A) Interest Payable - Debit; Cash - Credit B) Interest Receivable - Debit; Interest Income - Credit C) Interest Expense - Debit; Cash - Credit D) Interest Expense - Debit; Interest Payable - Credit
A marketer is more likely to conduct applied research than pure research
Indicate whether the statement is true or false
Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units:Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion.Units started and completed: 110,000.Units completed and transferred out: 135,000.Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $43,000.Costs in beginning Work in Process - Conversion: $48,850.Costs incurred in February - Direct Materials: $287,000.Costs incurred in February - Conversion: $599,150. Calculate the cost per equivalent unit of materials.
A. $1.74 B. $2.00 C. $2.36 D. $2.61 E. $2.05
________ refer to one-time payments for meeting previously established performance objectives.
A. Cost-of-living adjustments B. Merit increments C. Incentives D. Allowances E. Relational returns