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lys-0071 [83]
3 years ago
7

A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of

speeds of all cars on this section of highway is normally distributed, with a standard deviation of 13.5 mph. Refer to Exhibit A. If we are interested in determining an interval estimate for μ at 86.9% confidence, the z value to use is _____.
a. 1.96
b. 1.31
c. 1.51
d. 2.00
Business
1 answer:
rjkz [21]3 years ago
4 0

Answer:

so correct option is c. 1.51

Explanation:

given data

random sample n = 81

average speed x = 60 mph

standard deviation σ = 13.5 mph

interval estimate  μ =  86.9%

to find out

the value of the z

solution

we have given  μ =  86.9%

so we get here z critical value for the confidence level =  86.9 %

we will use here standard normal table

so z value for 86.9% is 1.51

so correct option is c. 1.51

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Travis borrowed $10,000 four years ago at an annual interest rate of 7 percent. The loan term is six years. Since he borrowed th
likoan [24]

Answer:

The answer is A

Explanation:

The loan is an interest only loan since he is only paying the interest potion of 7%

Interest only loan is when the borrower pays only the interest for some or all the term of the loan with no changes in the borrowed amount

5 0
3 years ago
When Auditing the i._____________ area on the financial statements sending out confirmations is required, unless the following t
stiv31 [10]

Answer:

The missing answer is Accounts Receivable.

Explanation:

If a company (say Sender Limited) provides goods and or services to a customer and that customer is yet to pay, the amount due is entered under the Accounts Receivable (AR) portion of Sender Limiteds financial records. In order words Accounts Receivable (AR) is simply money owned to Sender LImited by clients or other debtors.

In a company's balance sheet, the AR is recognized as Current Assets. That is, it is expected that such monies will come in within a year.

When Auditing the accounts receivable area on the financial statements sending out confirmations is required.

It is normal at this point for auditors to requests (electronically or via traditional mail) to

a. customers to verify accounts receivable and

b.  to financial institutions to confirm outstanding promissory notes.

The following are financial areas that may be investigated:

i. cash transactions,

ii. inventory records, and consigned merchandise

iii. long-term contracts,

iv. accounts payable and contingent liabilities, and

v. any transaction that looks suspicious

Cheers

4 0
2 years ago
Alfonzo's Pizzeria purchased its building 8 years ago at a cost of $76,000. The building is currently valued at $212,000. Alfonz
kow [346]

Answer: Total book value of assets = $126000

Explanation:

Given that,

Alfonzo's Pizzeria purchased a building 8 years ago = $76,000

building is currently valued = $212,000

Other fixed assets that cost =  $58,000

currently valued at $69,000

To date, total depreciation on various assets = $83,000

current liabilities = $43,000

net working capital = $32,000

Non-current assets = $76,000 + $58,000

= $134000

Current assets = working capital + current liabilities

= $32,000 + $43,000

= $75,000

Therefore,

Total book value of assets = Current assets + Non-current assets -  total depreciation

= 75000 + 134000 - 83000

= $126000

Here, we are ignoring the current value of building because of conservatism rule of accounting.

8 0
3 years ago
Jorge is looking for a new job after finishing his college degree. He is currently working part time to pay the bills, but is al
Marina CMI [18]

Answer:

His current status is that he is employed

3 0
2 years ago
Joe's leisure time sports is an unlevered firm with an aftertax net income of $78,400. the unlevered cost of capital is 11.4 per
Kazeer [188]
The unlevered cost of capital is 11.4 percent for this case. Therefore the value of this firm will be Vu = 78400 / 0.114 = 687719.2982 $. The correct answer is 687719.2982 $
3 0
3 years ago
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