The Use of the Normal Probability Distribution as an Approximation $\bar { p }$

question 69

Multiple Choice

The use of the normal probability distribution as an approximation of the sampling distribution of $\bar { p }$ is based on the condition that both np and n(1 - p) equal or exceed?

• A) .05.
• B) 5.
• C) 10.
• D) 30.

Understand the effects of buying and selling portions of investments on the investment account balance.

Understand and apply the equity method for accounting for investments.

Prepare journal entries related to equity method investments including initial recognition, recognition of investee's net income or loss, and dividends received.

Calculate and defer gross profit on inter-entity inventory sales and recognize it appropriately in subsequent periods.

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Definitions:

Dumping

The practice of exporting goods at a price lower than the home market price, often considered unfair trade and a subject of international dispute.

Predatory Pricing

A strategy where a company sets very low prices for its products with the intention of driving competitors out of the market.

Computer Manufacturing

The industrial process of producing computer hardware components and assembling them into complete systems or products.

Privatization

Transfer or sale of ownership of a certain property or industry by a government to the private (non-government) sector