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Researchers suspect that the average number of units earned…

Researchers suspect that the average number of units earned per semester by college students is rising. A researcher at Calendula College wishes to estimate the number of units earned by students during the spring semester at Calendula. To do so, he randomly selects 100 student transcripts and records the number of units each student earned in the spring term. He found that the average number of semester units completed was 12.96 units per student. Identify the population of interest to the researcher.

Bargain Buckets offers an unconditional return policy within…

Bargain Buckets offers an unconditional return policy within 60 days. It normally expects 8% of sales at retail selling prices to be returned before the return period expires. Assume Bargain Buckets records total sales of $12.0 million for the current period with associated Cost of Goods sold of $6,000,000. What amount of net sales should it record for this period?

An entrepreneur is considering the purchase of a coin-operat…

An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims that over the past 5 years, the mean daily revenue was $675 with a population standard deviation of $75. A sample of 30 days reveals a daily mean revenue of $625. If you were to test the null hypothesis that the daily mean revenue was $675, which test would you use?

As of December 31, 2018, Shrute Farms has outstanding 5,000…

As of December 31, 2018, Shrute Farms has outstanding 5,000 shares of $100 par value, 5% preferred stock,  25,000 shares of $1 par value common stock and $635,000 of retained earnings.  At year- end 2019, the company declares and paid the regular $5 per share cash dividend on preferred stock and  a $2.25 per share cash dividend on common stock.  Assuming the company made $75,000 for the 2019 fiscal year, what is the retained earnings balance after the dividend is paid?