A sample of 100 students from a large university was taken. The average age in the sample was 22 years with a standard deviation of 4 years. Construct a 95% confidence interval for the average age of the population.
What will be an ideal response?
21.2064 to 22.7936 years
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Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2Year 1Current assets: Cash$202? $100? Accounts receivable, net 232? 232? Inventory 182? 172? Prepaid expenses 132? 132? Total current assets$748? $636? Current liabilities: Accounts payable$242? $222? Accrued liabilities 72? 72? Notes payable, short term 132? 122? Total current liabilities$446? $416? Sales on account during the year totaled $1410 thousand. Cost of goods sold was $1010 thousand.Required:Compute the following for Year 2:a. Working capital. (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.)b. Current ratio. (Round your answer to 2 decimal
places.)c. Acid-test (quick) ratio. (Round your answer to 2 decimal places.)d. Accounts receivable turnover. (Round your answer to 2 decimal places.)e. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)f. Inventory turnover. (Round your answer to 2 decimal places.)g. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)a.Working capital??b.Current ratio??c.Acid-test ratio??d.Accounts receivable turnover??e.Average collection period?daysf.Inventory turnover??g.Average sale period?days What will be an ideal response?
Types of Audit Opinions A CPA, engaged in the audit of financial statements of a large manufacturer with branch offices that are widely dispersed, is not able to count the substantial undeposited cash receipts at the close of business on the last day of
the fiscal year at all branches. As an alternative to this procedure to verify the accurate cutoff of cash receipts, the CPA observes that deposits in transit as shown on the year-end bank reconciliation appeared as credits on the bank statement on the first business day of the New Year. Based on this, the auditor was satisfied as to the cutoff of cash receipts. REQUIRED: Which type of audit report would you suggest be issued this year and why?
Ron and Gail, owners of Fun-Spot, strive to provide new offerings and entertainment options for their visitors. This type of strategy can be best described as ________
A) market penetration B) market development C) product development D) niche marketing E) diversification
Countries are prohibited by international law from regulating the percentage of foreign ownership of businesses that are incorporated within their borders
a. True b. False Indicate whether the statement is true or false