A value computed from a population is called:

A) a statistic.
B) a real number.
C) a parameter.
D) a point estimate.

C

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Consequences of global integration include all of the following EXCEPT:

A. World output and trade have grown at a dramatic pace B. Many companies find their home markets under attack from foreign competition C. Companies are making foreign investments in overseas operations D. Imports are failing to penetrate deeper into the world's largest economies E. All of the above are consequences of global integration

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On April 1, 2017, Planet Services received $8,000 in advance of performing the services from a customer for three months of service — April, May and June. What would be the journal entry to adjust the accounts at the end of May?

A) Debit Service Revenue $2,667, and credit Unearned Revenue $2,667. B) Debit Unearned Revenue $5,333, and credit Service Revenue $5,333. C) Debit Unearned Revenue $8,000, and credit Service Revenue $8,000. D) Debit Service Revenue $5,333, and credit Accounts Receivable $5,333.

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