Most adults | Accounting homework help

 

Most adults would erase all of their personal information online if they could. A software firm survey of 445 randomly selected adults showed that 65​% of them would erase all of their personal information online if they could. Find the value of the test statistic (round to two decimal places as needed).

 

Alpaca Corporation had revenues of $200,000 in its first year of operations. The company has not collected on $20,000 of its sales and still owes $25,000 on $70,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $15,000 in salaries. Owners invested $20,000 in the business and $20,000 was borrowed on a five-year note. The company paid $2,000 in interest that was the amount owed for the year, and paid $6,000 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%.

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