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
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Answer: <em>Post-conventional level of moral development</em>
Explanation:
Under this level an individuals sense of morality or moral sense is referred to as or defined in words of abstract values and principles. Individuals now tend to believe that few rule and laws are completely unjust and therefore should be eliminated or changed. This level is further marked by a thorough and growing realization i.e. an individuals is a separate entity from the society and thus that individual may tend to disobey the rules which might be inconsistent with his/her own principles.
Answer:
$4,228,125
Explanation:
The computation of the included amount is shown below:
= Estimated production in a next year × required direct labor per hour × labor rate per hour
= 75,000 units × 4.1 hours × $13.75 per hour
= $4,228,125
We simply multiplied the estimated production with the required direct labor per hour and the labor rate per hour so that the estimated value can arrive
Answer:
(C) $745
Explanation:
The computation is given below:
For computing the bad debt expense, first we have to determine the ending account receivable balance which is shown below:
Ending account receivable balance = Beginning account receivable + credit sales - collections -
written off amount
= $20,000 + $70,000 - $74,700 - $400
= $15,300
So, the bad debt expense is
= Ending account receivable × given percentage
= $15,300 × 5%
= $745
Net income increases when "revenue" increases.
<h3>What is revenue?</h3>
The overall revenue generated by a business over a predetermined period of time. This can be done by-
- The entire income generated by a specific source, such as a property with high predicted yearly returns.
- The total income a financial investment generates.
- The amount of revenue that a political entity, such as a country or state, collects and deposits into the treasury for use by the general public.
- The simplest way to determine revenue is to multiply the total number of units sold by the selling price.
- A company's earnings, or bottom line, will be lower than its sales because revenues do not take expenditures or expenses into account.
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