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Fuel economy
A company with a large fleet of cars hopes to keep gasoline costs down and sets a goal of attaining a fleet average of at least 26 miles per gallon. To see if the goal is being met, they check the gasoline usage for 50 company trips chosen at random, finding a mean of 25.02 mpg and a standard deviation of 4.83 mpg. Is this strong evidence that they have failed to attain their fuel economy goal?
a) Write appropriate hypotheses.
b) Are the necessary assumptions to perform inference satisfied?
c) Test the hypothesis and find the P-value.
d) Explain what the P-value means in this context.
e) State an appropriate conclusion.
Cruz Company uses LIFO for inventory costing and reports following financial data. It as well recomputed inventory and cost of goods sold using FIFO for comparison purposes.
Alpha Alpha Alpha, a college fraternity, purchased a new heavy-duty washing machine on January 1, 20X3. The machine, which cost $2,000, had an estimated residual value of $100 and an estimated service life of 4 years (1,800 washing cycles). Calcul..
Ponderosa acquired 100% control of Sumac on January 1, 2009. The purchase differential included $30,000 attributable to undervaluation of Sumac's inventory. Both Ponderosa and Sumac account for inventory using LIFO. Sumac's December 31, 2009 inven..
we have some questions relating to the specifics on how an impairment test is conducted we have a new situation
Heller Company began operations in Year 1 and used the LIFO method to compute its $300,000 cost of goods sold for that year. At the beginning of Year 2, Heller changed to the FIFO method.
tony is a carpenter who owns his own furniure-manufacturing business. during the current year vandals broke into the
in 2012 amirante corporation had pretax financial income of 176700 and taxable income of 127400. the difference is due
on 1 january 2014 special ltd acquired a wood lathe for 31 500 which included shipping charges of 500. the lathe has an
Mike Polanski is 30 years of age and his salary next year will be $41,000. Mike forecasts that his salary will increase at a steady rate of 5% per annum until his retirement at age 60.
How is Internal Service Fund activity reported in government wide statements?
a sales invoice included the following information merchandise price 5000 delivery expense 300 terms 110 neom fob
what are the differences between a direct cost and an indirect cost? which is the more difficult cost to track? why?
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