At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, “You can average $84 a day in tips.” Assume the population of daily tips is normally distributed with a standard deviation of $3.51. Over the first 46 days she was employed at the restaurant, the mean daily amount of her tips was $86.54. At the 0.10 significance level, can Ms. Brigden conclude that her daily tips average more than $84? a. State the null hypothesis and the alternate hypothesis.

multiple choice 1
H0: μ ≥ 84; H1: μ < 84
H0: μ >84; H1: μ = 84
H0: μ ≤ 84; H1: μ > 84
H0: μ = 84; H1: μ ≠ 84

b. State the decision rule.

multiple choice 2
Reject H0 if z > 1.28
Reject H1 if z < 1.28
Reject H1 if z > 1.28
Reject H0 if z < 1.28

c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?