What is a sample? Name the two cross-sectional approaches used to obtain a sample. How many people would you need to sample in a population of 500,000 to arrive at a five percent margin of error?
What will be an ideal response?
• A sample is a selected group or targeted group of the total population whose views you are seeking.
• Two cross-sectional approaches used to obtain a sample are the more formal, random, and less formal, nonrandom.
• You would need just 383 people in a population of 100,000 to 500,000 to arrive at a five percent margin of error.
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In 2016, Morton Cosold 150 hot air balloons at $4,000 each. The balloons carry a 5-year warranty for defects. Morton estimates that repair costs will average 4% of the total selling price. The estimated warranty liability at the beginning of the year was $14,000 . $20,000 in claims was actually incurred during the year to honor their warranty. What was the warranty expense for 2016?
a. $10,000 b. $18,000 c. $20,000 d. $24,000
The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.): Year 1 Year 2 Year 3 Year 4 Year 5 Investment$32,000 $12,000 Cash inflow$8,000 $8,000 $20,000 $16,000 $16,000 Cash inflows occur evenly throughout the year. The payback period for this investment is:
A. 4.0 years B. 3.0 years C. 3.5 years D. 4.5 years
What is an incremental cash flow? What is a sunk cost? Why must you account for opportunity costs?
What will be an ideal response?
Even if the semi-strong form of the efficient market hypothesis is true, trading on illegal insider information may lead to abnormal profits
Indicate whether the statement is true or false.