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To con?rm persistent rumors that the preference for PEPSI on engineering college campuses is higher in the Northeast of the United States than on comparable campuses in the Southeast, a survey was carried out on 125 engineering students chosen at random on the MIT campus in Cambridge, MA, and the same number of engineering students selected at random at Georgia Tech in Atlanta, GA. Each student was asked to indicate a preference for PEPSI versus other soft drinks, with the following results: 44 of the 125 at MIT indicate preference for PEPSI versus 26 at GA Tech. At the 5% level, determine whether the North- east proportion, pˆ1 = 0.352, is essentially the same as the Southeast proportion, pˆ2 = 0.208, against the alternative that they are di?erent.
updraft systems inc. makes paragliders for sale through specialty sporting goods stores. the company has a standard
Ray Company began the accounting period with a $36,000 credit balance in its Accounts Payable account. During the accounting period, Ray incurred expenses on account of $108,000. The ending Accounts Payable balance was $48,000.
Peter Company obtains all of the common stock of Sam Inc. by issuing 50,000 shares of its own stock. Under these circumstances, why might the determination of an acquisition price be difficult?
Use the information provided below to prepare closing entries on 12/31/2014 and then prepare the post-closing trial balances as of
assume a corporation has earnings before depreciation and taxes of 117000 depreciation of 45000 and is in a 35 percent
Maggie is single and supports her 85-year-old parents who live in a home rented for them by Maggie and who have no income. What is Maggie's filing status and why?
winslow company expects sales of its financial calculators to be 213000 in the first quarter and 230000 in the second
1.which one of the following ratios will provide profitability of a firm?a. average collection periodb. inventory
an examination of customers accounts shows that accounts totaling 675 should be written off as uncollectible. using an
Mary is buying several items that cost $128.25 total. She is using a store coupon for 35% off her purchases. She has to pay 4% sales tax. Calculate the total cost of the items.
An adjustment to retained earnings as a result of a conversion of preferred stock to common stock most likely would occur when:
1.At the beginning of 2013, a company adopts the dollar value LIFO inventory method for its one inventory pool.
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