The final step of the transaction analysis is the preparation of the trial balance
Indicate whether the statement is true or false
True
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The LMRA prohibits the closed shop, although it permits the existence of a union shop unless state right-to-work laws prohibit them
a. True b. False Indicate whether the statement is true or false
The maximum time that a bank can hold funds from deposited checks before making them available to the depositor will not change.
Answer the following statement true (T) or false (F)
Exhibit 4.1The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of
$)2018Net sales $84,000 Operating costs except depreciation78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT)$4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds6% Federal plus state income tax rate40% Year-end stock price $47.52 ? Refer to Exhibit 4.1. What is the firm's days sales outstanding? Assume a 365-day year for this calculation. Do not round your intermediate calculations. A. 54.10 B. 76.91 C. 58.01 D. 50.19 E. 65.18
From a population of cans of coffee marked "12 ounces," a sample of 50 cans was selected and the contents of each can were weighed. The sample revealed a mean of 11.8 ounces with a standard deviation of 0.5 ounces
a. Formulate the hypotheses to test to see if the mean of the population is at least 12 ounces. b. Compute the test statistic. c. Using the p-value approach, what is your conclusion? Let ? = .05.