Devry universi Study guides, Revision notes & Summaries

Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: Question: Environmental Designs issues 5,000 shares of its $1 par value common stock at $18 per share. (1) Record the issuance of the...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...

Consider when businesses might use confidence intervals to estimate values, such asin sales projections, marketing results, and so forth. Describe a business decision thatcould be helped with confidence intervals. Be specific! Then create a problem withnumbers from which another student could calculate a confidence interval and make adecision.

Question 1 0 / 2 pts (CO 1) A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample? Population: people who like wild sweaters: Sample: the 385 people who had a wild holiday sweater Population: people who like sweaters; Sample: the 74% that had a wild holiday sweater Population: people who like wild sweaters; Sample: the 385 people who like wild sweaters Population: people who like wild sweaters; Sample: the ...

Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: Question: Environmental Designs issues 5,000 shares of its $1 par value common stock at $18 per share. (1) Record the issuance of the...

Question: The Sarbanes-Oxley Act of 2002 applies to all companies that: Question: Consistent with the COSO framework, an effective internal control system includes the control environment. The contro l environment refers to: Question: Effective internal control over cash includes the requirement that: Question: The Sarbanes-Oxley Act (SOX) mandates which of the following? Question: The component of internal control that includes the policies and procedures that help ensure that management’s di...

ACCT 212 MIDTERM EXAM (100% ANSWERS) DeVry University.

Question 1 2 / 2 pts (CO6) From a random sample of 55 businesses, it is found that the mean time that employees spend on personal issues each week is 5.8 hours with a standard deviation of 0.35 hours. What is the 95% confidence interval for the amount of time spent on personal issues? (5.74, 5.90) (5.73, 5.87) (5.72, 5.88) Correct! (5.71, 5.89) Question 2 0 / 2 pts (CO6) If a confidence interval is given from 8.54 to 10.21 and the mean is known to be 9.375, what is the maximum erro...

uestion 1 2 / 2 pts A student believes that there is a 90% probability of getting an A on the next test. This would be considered: Empirical probability Manufactured probability Subjective probability Classical probability Question 2 2 / 2 pts Given the following information, find the probability that a randomly selected student will be tall, but not very tall. Number of students who are very short: 45, short: 60, tall: 82, very tall: 21 50.5% 39.4% 10.1% 49.5%

Question: The Sarbanes-Oxley Act of 2002 applies to all companies that: Question: Consistent with the COSO framework, an effective internal control system includes the control environment. The contro l environment refers to: Question: Effective internal control over cash includes the requirement that: Question: The Sarbanes-Oxley Act (SOX) mandates which of the following? Question: The component of internal control that includes the policies and procedures that help ensure that management’s di...