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Question - CTV Company has three sales departments. Department FA processes about 50 percent of CTVs sales, Department TA about 30 percent, and Department PA about 20 percent. In the past, Departments FA, TA, and PA had error rates of about 2 percent, 5 percent, and 2.5 percent, respectively. A random audit of the sales records yields a recording error of sufficient magnitude to distort the companys results. Find the probability that Department FA is responsible for this error?
A. .50
B. .33
C. .02
D. .25
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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