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Question:
The energy consumption of refrigerators sold in a country is checked and appliances are given a star rating to guide consumers who are about to make purchases. The consumption in kWh per annum is also displayed for each model on the government website. Suppose a consumer organisation wants to estimate the actual electricity usage of a model of refrigerator that has an advertised energy usage of 439 kWh per annum. It tests a random sample of 18 fridges and finds a sample mean usage of 445 and a sample standard deviation of 40.
a) Assuming that the energy usage in the population is normally distributed, construct a 95% confidence interval estimate of the population mean energy usage for this model of refrigerator.
b) Do you think that the consumer organisation should accuse the manufacturer of producing fridges that do not meet the advertised energy consumption? Explain.
Great Lakes statutory tax rate for 2010 is 35%. Illustrate what is Great Lake’s effective tax rate?
Shortly thereafter, Brenda sells 10 shares to Aquarius for $200.00 in an exchange that had been agreed to in the preceding year. What result to both Ann and Brenda? What if Brenda sold 11 shares versus 10 shares?
Record the following transactions in the general journal - After recording the transactions listed above, post to the general ledger.
Allocate the support department overheads to the 3 patient service departments on the basis of the % of services provided and calculate the profit and loss position for each of the patient service departments and the hospital as a whole.
If customers attempt to sell more shares of a stock or spend more money than they have in their account, what would be best control method to prevent this problem?
Prepare a flowchart documenting the sales/collection process for ELM Corporation
January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Since it is a new fiscal year, all $675,000 in salaries is subject to unemployment compensation taxes.
Consolidated financial statements were prepared for 2011. Illustrate what adjustment would have been required for the retained earnings balance as of January 1, 2011?
Under the lease agreement, a security deposit of $500 is required with the deposit to be returned at the expiration of the lease, with 10% interest compounded semiannually. Illustrate what amount will the student receive at the time the lease expi..
The company's current and total liabilities were $267,000 and $600,000, respectively. Compute the amount of working capital and the current ratio using this information.
What is the effect on reported net income for 2010 of this error, assuming straight-line amortization of the discount? What entry is necessary to correct for this error, assuming that the books are not closed for 2010?
Effects of LIFO and FIFO methods of inventory system on ending inventory and Which company's valuation of ending inventory in the balance sheet is more likely to approximate replacement cost
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