a) Null hypothesis (
) for merrill lynch customers are given as
Alternative hypothesis:
t = 1.992
<h3>
What is null hypothesis?</h3>
- Conjectures used in statistical tests, which are formal techniques for drawing conclusions or making judgments based on data, include the null hypothesis and the alternative hypothesis.
- The hypotheses, which are based on a sample of the population, are suppositions regarding a statistical model of the population. The tests are essential components of statistical inference and are frequently used to distinguish between statistical noise and scientific claims when interpreting experimental data in science.
- The null hypothesis, which is the statement being tested in a test of statistical significance, is typically a declaration of "no effect" or "no difference," and the test of significance is intended to evaluate the strength of the evidence against it
Know more about Null hypothesis
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<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period
Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value
Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
Answer:
$27,000
Explanation:
Allowance for doubtful accounts before adjustment $15,000
Allowance provided for the month;
$800,000*1.5% $12,000
Closing balance for Doubtful Accounts $27,000
The allowance for doubtful accounts is provided on net sales basis therefore sales are multiplied with % of bad debt allowance given in question.
Answer: A
Explanation:
Coverage C is the one of the Institute Marine Cargo Clauses and it is also referred to as a "named perils policy". It lists risks that will be covered and the list is limited to stranding, fire, collision, jettison and sinking. It does not include damages from rough weather, water damages, washing overboard and losses while loading and unloading.
Coverage C is insufficient for containerized goods, except goods that will not be affected by an international journey and, there won't be a major loss if lost overboard. Coverage C fits bulk cargo, as a loss is unlikely unless the ship has a major damage.
Answer:
$38,950
Explanation:
Given that,
Cash balance on its books = $35,000
Outstanding checks = $11,000
Deposits in transit = $7,000
Bank service charges = $50
Tanner's April 30 cash balance per the bank statement:
= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge
= $35,000 + $11,000 - $7,000 - $50
= $38,950
Therefore, cash balance as per bank statement is $38,950.
