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xenn [34]
2 years ago
13

A researcher developing scanners to search for hidden weapons at airports has concluded that a new scanner isis significantly be

tter than the current scanner. he made his decision based on a test using alpha equals 0.025 .α=0.025. would he have made the same decision at alpha equals 0.10 question mark α=0.10? how about alpha equals 0.01 question mark α=0.01? explain
Business
1 answer:
Masteriza [31]2 years ago
3 1

There is not enough information in this question to answer it. You cannot determine significance with just the alpha value. You need the actual test statistic (p-value) to determine this.

If the p-value is less than the alpha value, you reject the null hypothesis (the there is no difference).

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Latona Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledge
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Answer:

May 1

Dr Inventory $4,200

Cr Accounts Payable $4,200

May 2

Dr Accounts Receivable $2,100

Cr Sales Revenue $2,100

Dr Cost of Goods Sold $1,300

Cr Inventory $1,300

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Dr Accounts Payable $350

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Dr Cash $2,079

Cr Sales Discounts $21

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Dr Accounts Payable $3,850

Cr Inventory $77

Cr Cash $3,773

May 11

Dr Supplies $350

Cr Cash $350

May 12

Dr Inventory $1,400

Cr Cash $1,400

May 15

Dr Cash $150

Cr Inventory $150

May 17

Dr Inventory $1,300

Cr Accounts Payable $1,300

May 19

Dr Inventory $140

Cr Cash $140

May 24

Dr Cash $3,500

Cr Sales Revenue $3,500

Dr Cost of goods sold $2,100

Cr Inventory $2,100

May 25

Dr Inventory $620

Cr Accounts Payable $620

May 27

Dr Accounts Payable $1,300

Cr Inventory $26

Cr Cash $1,274

May 29

Dr Sales returns and Allowances $70

Cr Cash $70

Dr Inventory $30

Cr Cost of goods sold $30

May 31

Dr Accounts Receivable $1,000

Cr Sales Revenue $1,000

Dr Cost of goods sold $560

Cr Inventory $560

Explanation:

Preparation of the journal entries using a perpetual inventory system

May 1

Dr Inventory $4,200

Cr Accounts Payable $4,200

(To record the purchases on account)

May 2

Dr Accounts Receivable $2,100

Cr Sales Revenue $2,100

(To record the credit sales)

Dr Cost of Goods Sold $1,300

Cr Inventory $1,300

(To record the cost of goods sold)

May 5

Dr Accounts Payable $350

Cr Inventory $350

(To record the purchase returns)

May 9

Dr Cash ($2,100-21) $2,079

Cr Sales Discounts ($2,100*1%) $21

Accounts Receivable $2,100

(To record the cash collected on account)

May 10

Dr Accounts Payable ($4,200-$350) $3,850

Cr Inventory ($3,850*2%) $77

Cr Cash ($3,850-$77) $3,773

(To record the amount paid to suppliers)

May 11

Dr Supplies $350

Cr Cash $350

(To record the supplies purchased)

May 12

Dr Inventory $1,400

Cr Cash $1,400

(To record the cash purchases)

May 15

Dr Cash $150

Cr Inventory $150

(To record the cash refund for poor quality of goods)

May 17

Dr Inventory $1,300

Cr Accounts Payable $1,300

(To record the purchases on account)

May 19

Dr Inventory $140

Cr Cash $140

(To record the freight paid)

May 24

Dr Cash $3,500

Cr Sales Revenue $3,500

(To record the cash sales)

Dr Cost of goods sold $2,100

Cr Inventory $2,100

(To record the cost of goods sold)

May 25

Dr Inventory $620

Cr Accounts Payable $620

(To record the credit purchases)

May 27

Dr Accounts Payable $1,300

Cr Inventory ($1,300*2%) $26

Cr Cash ($1,300-$26) $1,274

(To record the amount paid to supplier)

May 29

Dr Sales returns and Allowances $70

Cr Cash $70

(To record the sales return)

Dr Inventory $30

Cr Cost of goods sold $30

(To record the cost of goods returned)

May 31

Dr Accounts Receivable $1,000

Cr Sales Revenue $1,000

(To record the credit sales)

Dr Cost of goods sold $560

Cr Inventory $560

(To record the cost of goods sold)

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