What is a LIFO reserve?

A private opinion poll is conducted for a politician to determine what proportion of the population favors adding more national parks. How large a sample is needed in order to be 99% confident that the sample proportion will not differ from the true proportion by more than 5%?

Elkins Corporation uses the perpetual inventory and the gross method. On March 1, it purchased $50,000 of inventory, terms 2/10, n/30. On March 3, Elkins returned goods that cost $5,000. On March 9, Elkins paid the supplier. On March 9, Elkins should credit

For the structure shown, the most likely elements are X = _____ and Y = _____.

Smith is a weld inspector at a shipyard. He knows from keeping track of good and substandard welds that for the afternoon shift 5% of all welds done will be substandard. If Smith checks 300 of the 7500 welds completed that shift, what is the probability that he will find more than 25 substandard welds?

Net realizable value is

Where should goods in transit that were recently purchased f.o.b. destination be included on the balance sheet?

Which method may be used to record cash discounts a company receives for paying suppliers promptly?

25. Communications satellites hover above the same point on the Earth’s equator. This is because

A national caterer determined that 87% of the people who sampled their food said that it was delicious. A random sample of 144 people is obtained from a population of 5000. The 144 people are asked to sample the caterer’s food. Will the distribution of the sample proportion saying that the food is delicious be approximately normal?