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Title: BUS 475 Week 4 Knowledge Check Complete Assignment Help

1
BUS 475 Week 4 Knowledge Check

By http//www.assignmentehelp.com

1. A fast-food restaurant asks customers to
evaluate the drive-thru service as good, average,
or poor. What level of data measurement is this
classification?
Nominal
Ordinal
Interval
Ratio
2. In order to determine the average amount spent
in November on Amazon.com a random sample of 144
Amazon accounts were selected. The sample mean
amount spent in November was 250 with a standard
deviation of 25. Assuming that the population
standard deviation is unknown, what is a 95
confidence interval for the population mean
amount spent on Amazon.com in November?
(245.88, 254.12)
(247.47, 260.09)
(250.64, 256.92)
(251.34, 256.22)
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3. A shipment of 20 DVDs has arrived at a video
rental store. Based on past experience, the
manager knows that 10 of all new DVDs sent to
the store have a visible defect. The manager
tells you to begin inspecting the new DVDs one at
a time at random until you find the first DVD
that has a defect. If 10 of the DVDs have a
visible defect in the new shipment, what is the
probability that the first DVD that has a defect
is the 3rd one that you inspect? (Round your
answer to 3 decimal places.)
.081
.268
.089
.716
4. An insurance agent has selected a sample of
drivers that she insures whose ages are in the
range from 1642 years old. For each driver, she
records the age of the driver and the dollar
amount of claims that the driver filed in the
previous 12 months. A scatterplot showing the
dollar amount of claims as the response variable
and the age as the predictor shows a linear
regression line with y3710 55.4x. If the age
of a driver increases by 1 year, by how much and
in what direction would the dollar amount of
claims be predicted to change for the driver?
Increase by 55.4 dollars
Decrease by 55.4 dollars
Increase by 3710 dollars
Increase by 3,654.6 dollars
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5. A researcher claims that the proportion of
employees who play video games in the workplace
is higher than it was 10 years ago. You might be
willing to reject the null hypothesis of no
change with a 0.10 or larger. The p-value for
this test is 0.15. In this case the researcher
should
not reject the null hypothesis
reject the null hypothesis
continue with further testing because the result
is inconclusive
change the testing from nonparametric to
parametric
6. The general plan of major actions through
which a firm intends to achieve is long-term
objectives is called its
corporate plan
long-term goal
grand strategy
mission
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7. How valuable a low-cost leader's cost
advantage is depends on
whether it is easy or inexpensive for rivals to
copy the low-cost leader's methods or otherwise
match its low costs
how easy it is for the low-cost leader to gain
the biggest market share
the aggressiveness with which the low-cost leader
pursues converting the cost advantage into the
absolute lowest possible costs
the leader's ability to combine the cost
advantage with a reputation for good quality
8. Which of the following represent marketing
capabilities at the growth stage of industry
evolution?
Skills in aggressively promoting products to new
markets and holding existing markets and pricing
flexibility
Ability to establish brand recognition, find
niche, reduce price, solidity strong distribution
relations and develop new channels
Cost effective means of efficient access to
selected channels and markets and strong customer
loyalty or dependence
Resources or skills to create widespread
awareness and find acceptance from customers
advantageous access to distribution
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9. __________ is an organization structured
around the idea of sharing knowledge, seeking
knowledge, and creating opportunities to create
new knowledge.
A global company
A modular organization
An ambidextrous organization
A learning organization
10. Which of the following types of strategic
control has a low degree of formalization?
Special alert control
Implementation control
Strategic surveillance
Premise control
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11. Investors and creditors are particularly
interested in this financial statement because it
tells them what is happening to the companys
most important resource?
Statement of cash flows
Income statement
Retained earnings statement
Balance sheet
12. The cash basis of accounting is prohibited
under GAAP for the following reason
It divides the economic life of a business into
artificial time frames.
It violates the revenue recognition principle and
the expense recognition principle.
It fails to provide for adjusting entries.
It records revenues only in the time period in
which they are received.
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13. Use the following data to determine the
total dollar amount of assets to be classified as
property, plant, and equipment. Eddy Auto
Supplies Balance Sheet December 31, 2014 Cash
84,000 Accounts payable 110,000 Accounts
receivable 80,000 Salaries and wages payable
20,000 Inventory 140,000 Mortgage payable
180,000 Prepaid insurance 60,000 Total
liabilities 310,000 Stock investments 170,000
Land 190,000 Buildings 226,000 Common stock
240,000 Less Accumulated Retained earnings
500,000 depreciation (40,000) 186,000 Total
stockholders equity 740,000 Trademarks 140,000
Total liabilities and Total assets 1,050,000
Stockholders equity 1,050,000
686,000
516,000
556,000
376,000
14. The manager of Weiser is given a bonus based
on net income before taxes. The net income after
taxes is 35,700 for FIFO and 29,400 for LIFO.
The tax rate is 30. The bonus rate is 20. How
much higher is the manager's bonus if FIFO is
adopted instead of LIFO?
9,000
12,600
1,800
6,300
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15. The SarbanesOxley Act of 2002 requires
publicly traded U.S. companies to take the
following actions to defect and prevent fraud
Adopt accrual basis of accounting, maintain an
adequate system of internal controls, and create
penalties for noncompliance
Maintain an adequate system of internal controls,
ensure that internal controls are reliable and
effective, and hire independent auditors to
attest adequacy of internal controls
Ensure internal controls are reliable and
effective, corporate executives must
independently review internal controls, and
submit all financial statements to the Public
Company Accounting Oversight Board
Maintain an adequate system of internal controls,
provide additional training to managers and
accountants regarding internal controls, and
publish internal controls on the companys public
website
16. On July 1, 2014, Linden Company purchased
the copyright to Norman Computer Tutorials for
140,000. It is estimated that the copyright will
have a useful life of 5 years. The amount of
amortization expense recognized for the year 2014
would be
28,000
13,125
25,900
14,000

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17.ABC Corp. receives a 7-month interest-bearing
promissory note in the amount of 360,000 on
February 1. The interest rate is 15. What is the
total interest expense ABC Corp will record
assuming ABC makes all of its payments?
54,000
31,500
4,500
36,000
18. Logan Corporation issues 50,000 shares of
50 par value preferred stock for cash at 60 per
share. The entry to record the transaction will
consist of a debit to cash for 3,000,000 and a
credit or credits to
preferred stock of 3,000,000
preferred stock for 2,500,000 and paid-in
capital in excess of par valuepreferred stock
for 500,000
preferred stock for 2,500,000 and retained
earnings for 500,000
paid-in capital from preferred stock for
3,000,000

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Complete Assignment Answer
19. Which of the following tools of analysis is
used to evaluate financial statement information
by expressing financial statement data as a
percentage over a base amount?
Vertical analysis
Horizontal analysis
Ratio analysis
Industry averages
20.The SarbanesOxley Act of 2002 requires
publically-traded U.S. companies to provide great
internal controls. The five primary components of
an internal control system include a control
environment, risk assessment, information and
communication, monitoring, and
Establishment of responsibility
Segregation of duties
Control activities
Human resource controls

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Of Phoenix BUS 475 Week 4 Knowledge Check . The
author is working in the field of education from
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BUS 475 Week 4 Knowledge Check Assignment from
UOP. Other topics in the class are as follows
BUS 475 Week 1 Knowledge Check
BUS 475 Week 2 Knowledge Check
BUS 475 Week 4 Knowledge Check
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