If X and Y Are Random Variables with E(X)= 5

question 36

Multiple Choice

If X and Y are random variables with E(X) = 5 and E(Y) = 8,then E(2X + 3Y) is:

• A)34
• B)13
• C)18
• D)40

Calculate project profitability using the percentage-of-completion and cost-to-cost methods.

Understand the accounting treatment for excess or deficit of Construction in Progress over Partial Billings.

Recognize the income recognition principles for installment sales, including repossessions and deferred gross profit.

Distinguish between acceptable and unacceptable methods for revenue recognition in various scenarios like real estate sales and deliveries requiring significant customization.

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Definitions:

Counterproductive Behavior

Actions undertaken by employees that deliberately hinder organizational goals or their coworkers' performance.

Embezzled

Misappropriation or theft of funds placed in one's trust or belonging to one's employer.

Affective Commitment

An employee’s emotional attachment to the organization that makes the employee want to stay in the organization

Continuance Commitment

The ongoing sense of attachment an individual feels towards an organization because leaving would be costly.