To protect consumers, some states have passed "Plain English" laws that require businesses to write policies, warranties, and contracts in language an average reader can understand
Indicate whether the statement is true or false
T
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For additions to debt, the auditor traces the proceeds into the cash receipts records and the bank statement
a. True b. False Indicate whether the statement is true or false
When no-par common stock without a stated value is issued for cash, the Common Stock account is credited for an amount equal to the cash proceeds
Indicate whether the statement is true or false
Florida Car Wash is considering a new project whose data are shown below. The equipment to be used has a 3-year tax life, would be depreciated on a straight-line basis over the project's 3-year life, and would have a zero salvage value after Year 3. No change in net operating working capital would be required. Revenues and other operating costs will be constant over the project's life, and this is just one of the firm's many projects, so any losses on it can be used to offset profits in other units. If the number of cars washed declined by 40% from the expected level, by how much would the project's NPV change? (Hint: Note that cash flows are constant at the Year 1 level, whatever that level is.) Do not round the intermediate calculations and round the final answer to the nearest whole
number. ? WACC10.0% Net investment cost (depreciable basis)$60,000 Number of cars washed2,960 Average price per car$25.00 Fixed op. cost (excl. depr.)$10,000 Variable op. cost/unit (i.e., VC per car washed)$5.375 Annual depreciation$20,000 Tax rate35.0% ? A. -$37,560 B. -$37,184 C. -$39,814 D. -$38,687 E. -$36,433
A random sample of 100 credit sales in a department store showed an average sale of $120.00 . From past data, it is known that the standard deviation of the population is $40.00
a. Determine the standard error of the mean. b. With a 0.95 probability, determine the margin of error. c. What is the 95% confidence interval of the population mean?