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A billing company that collects bills for doctors' offices in the area is concerned that the percentage of bills being paid by Medicare has risen. Historically, that percentage has been 31%. An examination of 8368 recent bills reveals that 32% of these bills are being paid by Medicare. Is this evidence of a change in the percent of bills being paid by Medicare?
a) Write appropriate hypotheses.
b) Check the assumptions and conditions.
c) Perform the test and find the P-value.
d) State your conclusion.
e) Do you think this difference is meaningful? Explain.
companyx has estimated total factory overhead costs of 400000 and 20000 direct labor hours for the current fiscal year.
forvarious reasons a corporation may issue warrants to purchase shares of its common stock at specified prices that
on the basis of the following data for grant co. for 2011 and the preceding year ended december 31 2010 prepare a
roper corporation reports the following results for the current year gross profit on sales 80k short term capital gain
Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. Given the following information, calcula..
On January 2 of the current year, Gamma liquidates and distributes all property to Marsha except that Gamma retains cash to pay the accounts payable and any tax liability resulting from Gamma's liquidation. Assume that Gamma has no other taxable i..
on april 1 paine co. began construction of a small building. payments of 180000 were made monthly for four months
a. What are the amounts and character of Tom's recognized gains or losses? b. What is Tom's basis in the Total stock and notes? c. What is Total's basis in the property received from Tom?
Identify the process of cost commitment during various phases of some product's life cycle. Try to find serveral examples so that you can contrast the rate of cost commitment for different products?
Tex's applies an overhead rate of $10/unit based on 200 units. If Tex's produces 210 units and has a flexible overhead budget of $1,900, the overhead volume variance is:
One type of analysis that is often performed by companies, but is not covered in the text is a trend analysis. Using the data obtained from a vertical analysis a company will identify an area of concern.
Explain the product and the production process. Describe how you would find out the quantity of spoiled units that are normal versus abnormal. Explain how you would determine the cost of good units, normal spoilage and abnormal spoilage.
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