A lumber company has claimed that the standard deviation for the lengths of their six-foot boards is .4 inches or less. To test their claim, a random sample of 16 six-foot boards is selected; and it is determined that the variance of the sample is .3. Do the results of the sample support the company's claim? Use?= .1.
What will be an ideal response?
Since?2= 28.125 > 22.307, reject H0; no, the sample results do not support the company's claim.
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Objective reality and subjective reality are basically the same
Indicate whether this statement is true or false.
The statement of stockholders' equity includes which of the following for the period?
A. Changes in stockholders' equity accounts. B. Details of a company's profitability that represents stockholders' claims. C. Current assets available to pay current liabilities to reduce risk to stockholders. D. Inflows and outflows of cash that benefit stockholders.
A voucher is an external document used to accumulate information to control cash payments and to ensure that a transaction is properly recorded.
Answer the following statement true (T) or false (F)
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) On January 1, Year 1, Jenkins Company purchased equipment for $25,000. The equipment had an estimated useful life of four years and an estimated salvage value of $5,000. Jenkins uses the straight-line method. At the beginning of Year 3, the equipment was sold for $8,000. Show how the sale affected the financial statements for Year 3, assuming Jenkins uses
straight-line depreciation.AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows??????? What will be an ideal response?