If a corporation becomes insolvent, creditors can claim the assets of the individual owners
Indicate whether the statement is true or false
F
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The current portion of long-term debt should
a. be classified as a long-term liability b. not be separated from the long-term portion of debt c. be paid immediately d. be reclassified as a current liability
Give an example of a service with a locational constraint
What will be an ideal response?
In Henningsen v. Bloomfield Motors, the New Jersey Supreme Court greatly expanded the legal protection offered by implied warranties of safety
a. True b. False Indicate whether the statement is true or false
Fast ‘n Clean operates 12 laundromats on the east side of the city. All of Fast ‘n Clean's clothes dryers have a label stating "20 minutes for $1.00.". You question the accuracy of the dryers' clocks and decide to conduct an observational study. You randomly select 36 dryers in several different Fast ‘n Clean locations, put $1.00 in each and time the drying cycle. The sample mean drying
time is 20 minutes and 25 seconds. The manufacturer of the dryer states that the standard deviation for 20-minute drying cycles is 1 minute. a. Using the sample data and ? = .05, test the validity of the label on the dryers. Apply the p-value and critical value approaches to conducting the two-tail hypothesis test. b. Conduct the same two-tail hypothesis test, but use the confidence interval approach to hypothesis testing.