A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of speeds of all cars on this section of highway is normally distributed, with a standard deviation of 13.5 mph. The 86.9% confidence interval for ? is _____
a. 46.500 to 73.500
b. 57.735 to 62.265
c. 59.131 to 60.869
d. 50 to 70
b
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Royal Company purchased a dump truck at the beginning of 2014 at a cost of $60,000 . The truck had an estimated life of 6 years and an estimated residual value of $24,000 . On January 1, 2016, the company made major repairs of $20,000 to the truck that extended the life 1 year. Thus, starting with 2016, the truck has a remaining life of 5 years and a new salvage value of $8,000 . Royal uses the
straight-line depreciation method. What is the book value of the truck to be reported on the balance sheet at December 31, 2016? a. $44,000 b. $50,000 c. $56,000 d. $62,000
Although a stapler that costs $15 is a long-term asset, can be expensed because the amount is immaterial and will not affect anyone's decision making
Indicate whether the statement is true or false
The board of directors of a corporation is responsible for all of the following except
A) arranging for major bank loans. B) authorizing contracts. C) carrying out the daily operations of the business. D) declaring dividends.
Explain the difference between coaching and counseling.
What will be an ideal response?