The manager of the service department of a local car dealership has noted that the service times of a sample of 15 new automobiles has a standard deviation of 4 minutes. A 95% confidence interval estimate for the variance of service times for all their new automobiles is
a. 8.576 to 39.794.
b. 9.46 to 34.09.
c. 2.144 to 9.948.
d. 2.93 to 6.31.
a
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Full-service retailers generally have the lowest costs of all retail types
Indicate whether the statement is true or false
What is value?
a. A function of the short-term benefits of a product or service b. How long the product will last c. The price of the product d. A function of the short and long-term benefits of a product or service exceeding the costs of purchasing and maintaining it
Creditor claims are divided into classes and the highest class must be satisfied in full before going to the next category
a. True b. False Indicate whether the statement is true or false
Bill Sharpe, owner of Sharper Knives Inc, is closing his business at the end of the current fiscal year. His sole asset, the knife-sharpening machine, is three years old. A depreciation table for the asset is shown below
Bill has agreed to sell the machine at the end of the year for $100,000. What is the impact on taxes from the sale of the machine? (Assume that Sharper Knives claimed a regular depreciation expense in the calculation of income taxes.) The tax rate is 35%. Round your answers to the nearest dollar. Depreciation Table for Knife Sharpener Year Basis Rate Depreciation Expense Accumulated Depreciation 1 $250,000 14.29% $35,725 $35,725 2 $250,000 24.49% $61,225 $96,950 3 $250,000 17.49% $43,725 $140,675 4 $250,000 12.49% $31,225 $171,900 5 $250,000 8.93% $22,325 $194,225 A) $3,264 tax refund from IRS B) $3,264 additional taxes owing to IRS C) $14,236 tax refund from IRS D) $14,236 additional taxes owing to IRS E) $38,264 tax refund from IRS