Acompany is trying to determine if they should accept a shipment of toy parts. the shipment has over 1 million parts. they decided to randomly select 100 parts out of the shipment. they will only accept the shipment if 1% or less of all of the parts are defective. out of the 100 selected, 4% are defective. identify the numbers "1%" and "4%" as either statistics or parameters.

a. 4% is a statistic and 1% is a parameter
b. both numbers are parameters.
c. both numbers are statistics.
d. 4% is a parameter and 1% is a statistic

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

An object that is clicked on and takes the presentation to a new targeted file is done through a

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.