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Question: A manufacturer of boxed hair dyes, sold in supermarkets, claims that about 0.5% of all users will have an allergic reaction to their products. This manufacturer produces approximately 6000 boxes of hair dye per day during business hours, 5 days per week. A consumer group has received several complaints from users of this product who suffered allergic reactions. The consumer group has approached the manufacturer, asking for a response. The manager was asked to randomly sample some boxed hair dyes to test for correct chemical ingredients. After selecting a random sample of 10 boxes of hair dyes, and testing, the manager found 1% of boxed hair dyes had incorrect chemical ingredients that could lead to an allergic reaction in a user.
Please answer each of the following, in the context at this question.
a) Describe the Who and Why of the data.
b) What is the value of the statistic and what is the value of the parameter?
c) will the sample collected by the manager suffer from any sampling error? If so, brie?y explain your answer and how it may be remedied.
On June 19, Year 2, the individual covered and delivered the 100 shares at $8 per share. What is the character of gain or loss on the short sale?
Materials purchases (on credit). Direct materials used production. Prepare journal entries for the month of April to record the above transactions.
on 1 july anderson ltd require 70 of equity capital of arthur a cost of 4 millions at the date of acquisition all
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Pierre's hair Salon in considering opening a new location in French Lick, California. Calculate the annual rate of return on the project
Prepare an income statement for 2016 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares
What The correcting entry is? The transaction was erroneously recorded as a debit to Cash of $980 and a credit to Service Revenue of $980.
Fairbanks Corporation purchased 400 shares of Sherman Inc. common stock as an available-for sale investment for $13,200. During the year, Sherman paid a cash dividend of $3.25 per share.
The company's fiscal year ends on December 31, 2017. Financial statements will be issued on March 31, 2018. What should the company record
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triple companys accountant made an entry that included the following items debit postage expense 12.42 debit office
Explain the necessity for performing substantive testing even for audit clients with strong internal controls and sophisticated IT systems.
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