In order to estimate the difference between the average hourly wages of employees of two branches of a department store, the following data have been gathered.
Downtown Store
North Mall Store
Sample size25
20
Sample mean$9
$8
Sample standard deviation$2
$1
?
A point estimate for the difference between the two population means is
A. 1.
B. 2.
C. 3.
D. 4.
Answer: A
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James Sales sold 450 units of product to a customer on account. The company uses the perpetual inventory system and the FIFO inventory costing method. The selling price was $28 per unit, and the cost, according to the company's inventory records, was $12 per unit. Prepare the journal entries to record the sale. Omit explanations.
What will be an ideal response?
In buying alliances, participants offer to trade goods or services
Indicate whether the statement is true or false
Why is the LIFO cost flow assumption an acceptable valuation method for merchandise inventory when it rarely matches the physical movement of the product?
Lisa is pondering the construction and operation of a home-based cattery. She expects it will cost $25,000 to construct and will have a lifespan of four years before it collapses due to faulty construction and ammonia rot
Cash flows during those four glorious years are estimated as follows: Year Inflow Outflow 1 10,000 3,000 2 12,000 4,000 3 13,000 5,000 4 10,000 6,000 If the interest rate is 5%, what is the present value of the cattery project? A) 8,522 B) 8,823 C) 9,124 D) 9,625