1. What is an example of a situation that requires the establishment of a contingent liability? Why should a company establish a contingent liability? How does the establishment of a contingent liability impact earnings?
2. What is an example of a potentially unethical accounting READ MORE »
1. Data-Information Relationship
A. What is the difference between data and information? What is needed for business decision-making? Data, information or both? If you think data is different from information, which comes first? Data or information?
B. Raw data is a list of words or numbers. T READ MORE »
Describe the process of selecting and evaluating a sample. Why is sampling important to business? Are there situations in business where sampling would not be effective?
Explain what makes quantitative forecasting methods appropriate.
4. A city is served by three cable TV companies: Xcellent Cable, Your Cable, and Zephyr Cable. A survey of 1000 cable subscribers shows this breakdown of customers from the beginning to the end of August.
Company on Company on August 31
August 1 Xcellent Your Zephyr
Xcel READ MORE »