Category: Quizs

-Refer to the figure.What will be the entry to record material placed into production using the traditional approach?
A)Materials and In Process Inventory 50,000 Work-in-Process Inventory 50,000
B)Materials Inventory 50,000 Accounts Payable 50,000
C)Work-in-Process Inventory 50,000 Materials and In Process Inventory 50,000
D)Work-in-Process Inventory 50,000 Materials Inventory 50,000

One of the difficulties in using the relative frequency of occurrence method for assessing probabilities in business situations is getting a large enough set of examples that match the one in question.

Todd Corporation sells a product for $400 per unit.Its market share is 22 percent of the units sold.The marketing manager feels that the market share can be increased to 28 percent of the units sold with a reduction in price to $340.The product is currently earning a profit of $64 per unit.The president of Todd Corporation feels that his company needs to maintain the same profit level per unit.The market share consists of $4,000,000 (10,000 units).
a.How many units does Todd Corporation currently sell of the product?
b.What is the target price per unit?
c.What is the original cost per unit?
d.What is the target cost per unit?

The dynamic OLS (DOLS)estimator of the cointegrating coefficient, if Yt and Xt are cointegrated,
A)is efficient in large samples
B)statistical inference about the cointegrating coefficient is valid
C)the t-statistic constructed using the DOLS estimator with HAC standard errors has a standard normal distribution in large samples
D)all of the above

When a patient arrives at a clinic complaining of several specific symptoms,the doctor who makes the diagnosis says that he is 80 percent certain that the patient has a particular problem.It is likely that he is basing this assessment on relative frequency of occurrence.