Answer:
So the answer for this case would be n=12 rounded up to the next integer
Explanation:
represent the sample mean
population mean (variable of interest)
s=840 represent the sample standard deviation
n represent the sample size
The margin of error is given by this formula:
(a)
And on this case we have that ME =150 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The critical value for 95% of confidence interval, the significance level if 5% and the critical value would be 
, replacing into formula (b) we got:
So the answer for this case would be n=12 rounded up to the next integer
Answer:
$2,300
Explanation:
Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.
The excludable amount or deduction is $1,600 out of total amount of awards.
Total amount of awards = Design + Graphic + Employee of the year
= $1,340 + $1,775 + $785
= $3,900
Taxable awards = Total amount of awards – Excludable amount
= $3,900 – $1,600
= $2,300
However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.
Answer:
Golden Braid Bookstore has $340,000 in cash
Explanation:
Quick ratio=current assets-inventory/current liabilities
Based on the information provided in this question,the quick ratio can be modified(no inventory,cash and accounts receivables are the only current assets)
quick ratio=accounts receivables+cash/current liabilities
quick ratio is 4.75/1
accounts receivables is $40,000
cash is unknown,taken as C
current liabilities is $80,000
4.75=$40,000+C/$80,000
By cross multiplication
4.75*$80,000=$40,000+C
C=(4.75*$80,000)-$40,000
C=$380,000-$40,000
C=$340,000
Answer:
Book value
Explanation:
Book value refers to the worth of an asset in the financial records of its owner. It is the original cost of the asset minus its accumulated depreciation. The book value is the same as the carrying value in the balance sheet.
Assets decline in value due to the passage of time, usage, and corrosion. Though depreciation, the value of the asset is gradually reduced in its books. Usually, depreciation happens until the end of the asset's useful life.
If an asset is sold before the end of its useful life, a comparison will be made between the amount received and its book value. If the book value is higher than the amount received, a loss will be recorded.
