1. False
2. False
3. True
4. False
5. false
6. False
7. True
8. False
9. True
10. False
Answer:
The $50,000 must be reported as assets with donor restrictions.
Explanation:
Donor imposed restrictions can be temporary or perpetual; the $50,000 are perpetually restricted since they must be invested and the income received should be used for its program of promoting adoption of young girls.
Answer: c. There is sufficient evidence to support the claim that the mean is greater than 23 miles per gallon.
Explanation:
When doing a research, there are 2 Hypothesis one must come up with which are the Null Hypothesis and the Alternative hypothesis.
The Null Hypothesis should state that there is no relationship between the variables which in this case would mean that new sedan, the Libra, will <em>not</em> average better than 23 miles per gallon in the city.
The Alternative Hypothesis on the other hand affirms the belief of the researcher which in this case is that new sedan, the Libra, <em>will </em>average better than 23 miles per gallon in the city.
As the null hypothesis was rejected by the evidence, it means that indeed the Libra mean is greater than 23 miles per gallon.
Answer:
13.42%
Explanation:
The computation of return on equity is shown below:-
Debt = Assets × ( Debt to assets ratio)
$155,000 × 37.5%
= $58,125
Equity = Total Assets - Debt
= $155,000 - $58,125
= $96,875
Old Return on equity = Old Net Income ÷ Equity
=$20,000 ÷ $96,875
= 20.64%
New Return on equity = New Net Income ÷ Equity
= $33,000 ÷ $96,875
= 34.06%
Increased in Return on equity = New Return on equity - Old Return on equity
= 34.06% - 20.64%
= 13.42%
