Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market
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Answer: a. 2.8
Explanation:
Given : Population mean :
Sample size : n= 49> 30 , the sample is a large sample we use z-test.
Sample mean =
Standard deviation :
The test statistic for population mean is given by :-
Hence, the value of the test statistic is 2.8
Answer and Explanation:
According to the scenario,the computation of the given data are as follow:-
The budget is an estimation of expenses and revenue over a specific future time and it is re-evaluated and compiled on a period of time. The budget can prepare for a business, a government and a group of people, etc. It is an analysis of the income and expenditure that is useful for financial planning.
Based on this, the preparation of the flexible budget performance report is presented in attached excel spreadsheet. Kindly find it below
