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s2008m [1.1K]
3 years ago
7

A clean air standard requires that vehicle exhaust emissions not exceed specified limits for various pollutants. many states req

uire that cars be tested annually to be sure they meet these standards. suppose state regulators​ double-check a random sample of cars that a suspect repair shop has certified as okay. they will revoke the​ shop's license if they find significant evidence that the shop is certifying vehicles that do not meet standards. complete parts a through d below.
Business
2 answers:
kirill115 [55]3 years ago
6 0

Answer:

What is a Type I​ error?

  • That regulators erroneously  determine that the repair shop is not meetings the standard when it actually is.

What is a Type I​I error?

  • That regulators erroneously determine that the repair shop is meeting the standards while it actually isn't.

Which type of error would the​ shop's owner consider more​ serious?

  • Type I

Which type of error might environmentalists consider more​ serious?

  • Type II

Explanation:

A type I error refers to the rejection of a true null hypothesis, i.e. a false positive. A type II error refers to the not rejection of a false null hypothesis, i.e. a false negative.

Salsk061 [2.6K]3 years ago
4 0

Answer:

So is ; The store license will be revoked if they find significant evidence that the store is certifying non-compliant vehicles.

Explanation:

As these sites are not licensed to verify the correct operation of vehicles, they endanger not only the lives of drivers but they are also sources of environmental pollution.

Therefore, these random samples provide a basis for the actions to be carried out.

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On January 1, Sway Corporation had 60,000 shares of $10 par value common stock outstanding. On March 17, the company declared a
pychu [463]

Answer:

See below

Explanation:

With regards to the above, the entry to record of March 30 would be;

Debit stock dividends $140,400

Credit common stock dividends distributable $108,000

Credit paid in capital in excess of par $32,400

Calculations;

= 60,000 shares of $10 par value

= $600,000 × Stock dividend

= $600,000 × 18%

= $108,000

Stock dividend = 60,000 shares of $13 market value

= $780,000 × Stock dividend

= $780,000 × 18%

= $140,400

Additional paid in capital = $140,400 - $108,000 = $32,400

5 0
3 years ago
On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,
Vlad [161]

Answer:

Explanation:

The journal entries are shown below:

1.  Notes receivable A/c Dr $450,000

          To Cash A/c                               $450,000

(Being the notes receivable acceptance is recorded)

2. Interest receivable A/c Dr $40,500

      To Interest revenue                       $40,500

(Being the interest is collected)

Interest = Principal × rate of interest × number of months ÷ (total number of months in a year)

= $450,000 × 12% × (9 months ÷ 12 months)

= $40,500

The 3 months is calculated from April 1 to December 31

3.  Cash A/c Dr $504,000

             To Notes receivable A/c $450,000

             To  Interest receivable A/c $40,500

             To Interest revenue A/c      $13,500

(Being cash collected recorded)

Interest revenue = Principal × rate of interest × number of months ÷ (total number of months in a year)

= $450,000 × 12% × (3 months ÷ 12 months)

= $13,500

The 3 months is calculated from December 31 to April 1

6 0
3 years ago
Risk is an important concept affecting security prices and rates of return. Risk is the chance that some unfavorable event will
Ulleksa [173]

Answer:

The higher an investment’s risk, the HIGHER THE RETURNS AN INVESTOR WILL REQUIRE.

Explanation:

By saying that investors are risk averse, it means that given a similar level of returns, an investor will choose the investment with the lowest risk. That is why investors generally prefer and are willing to pay more for less risky investments, which results in lower returns (higher price ⇒ lower returns).

So high risk investments will always have a lower price than low risk investments, since the returns demanded by investors are proportional to the risk of the investment.

6 0
3 years ago
Residual Claims Haung. Inc; is obligated to pay its creditors $10,700 very soon.1. What is the market value of the shareholders
frosja888 [35]

Answer and Explanation:

The computation of the shareholder equity for each case is shown below:

a. For case one

As we know that

Total assets = Total liabilities + stockholder equity

$9,900 = $10,700 + stockholder equity

So, the stockholder equity is

= $10,700 - $9,900

= $800

b. For case two

Total assets = Total liabilities + stockholder equity

$9,990 = $10,700 + stockholder equity

So, the stockholder equity is

= $10,700 - $9,990

= $710

8 0
3 years ago
Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income
Rzqust [24]

Answer:

the Opening retained earning balance is $413,640

Explanation:

The computation of the retained earnings have been on December 31, 2016 is shown below:

As we know that

Ending retained earning balance = Opening retained earning balance + net income - dividend paid

$490,953 = Opening retained earning balance + $135,075 - $57,762

$490,953 = Opening retained earning balance + $77,313

So, the Opening retained earning balance is $413,640

4 0
3 years ago
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