The formula for calculating the Confidence Interval is as
follows:
Confidence Interval = x +- (z*s)/√N
Where:
x = mean = 10.36
z = taken from standard normal distribution table based on 95%
confidence level = 1.96
s = standard deviation = 5.31
N = sample size = 30
Substituting know values on the equation:
Confidence Interval = 10.36 +- ( 1.96 * 5.31) / √30
Confidence Interval = 8.46 and 12.26
Hence the bill of lunch orders ranges from 8.46 to 12.26.
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Answer:
1. Inventory account will be affected and assertions of accuracy and valuation will be violated.
2. Assets are overstated and assertion classification is violated.
3. Liability is understated and assertions of accuracy is violated.
4. No impact.
Explanation:
Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.
Answer:
The correct answer to the following question will be Option D (Financial distress and agency costs).
Explanation:
- A cost of an agency is a form of company's internal expense that comes from an employee working on behalf of action of the principle. Agency costs usually occur from core redundancies, confusion, and delays, such as shareholder and management conflicts of interest.
- Distress expense applies to the expenses that a financially distressed company faces beyond the business cost, such as increased capital expenses. Troubled companies tend to have a tougher time fulfilling their financial responsibilities, which turns into a higher chance of default.
- When evaluating the company's value as a feature of market structure, the present value of the tax shield gain is balanced by the current value of the anticipated financial distress and agency expenses, which results in an ideal internal market structure.
Therefore, Option C is the right answer.
Answer:
$6,734
Explanation:
On December 31, there were 46 units remaining in ending inventory.
These 46 units consisted of
6 from January x $123 = 738
8 from February x $133 = 1064
10 from May x $143 = 1430
8 from September x $153 = 1224
14 from November x $163 = 2282
Using the specific identification method, the cost of the ending inventory is: 734 + 1064 + 1430 + 1224 + 2282 = $6734
