maturity valuethe amount that id due on the maturity date of a notenet realizable valuethe amount of accounts receivable a business expects to collectnote payablea promissory note signed by a business and given to a creditornote receivablea promissory note that a business accepts from aperson or businesspayeethe person or business to whom the amount of a note is payablepercent of accounts receivable methoda method used to estimate uncollectible accounts receivable that uses an analysis of accounts receivable to estimate the amount that will be uncollectiblepercent of sales methoda method used to estimate uncollectible accounts receivable that assumes a percent of credit sales will become uncollectiableprincipalthe original amount of a note, sometimes referred to as the face amountpromissory notea written and signed promise to pay a sum of money at a specified timetime of a notethe length of time from the signing date of a note to the maturity datewriting off an accountcanceling the balance of a customer account because the customer does not pay

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Verified questions

business

Which, if any, nonverbal communication factors might be relevant in the merchandising of lip balm?

Verified answer

accounting

The Russell Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the industry. The CEO has given you the company's income statement and balance sheet as well as the industry average data for retailers.

\begin{array}{c} \textbf{RUSSELL DEPARTMENT STORES, INC.}\\ \textbf{Income Statement Compared with Industry Average}\\ \textbf{Year Ended December 31, 2016}\\ \end{array}

\begin{array}{lrr} \hline &&\textbf{Industry}\\ &\textbf{Rusell}&\textbf{Average}\\ \hline \text{Net Sales}&\$780,000&100.0\%\\ \text{Cost of Goods Sold}&528,060&65.8\\ \hline \text{Gross Profit}&251,940&34.2\\ \text{Operating Expenses}&159,900&19.7\\ \hline \text{Operating Income}&92,040&14.5\\ \text{Other Expenses}&7,020&0.4\\ \hline \text{Net Income}&\$85,020&14.1\%\\ \hline\hline \end{array}

\begin{array}{c} \textbf{RUSSELL DEPARTMENT STORES, INC.}\\ \textbf{Balance Sheet Compared with Industry Average}\\ \textbf{December 31, 2016}\\ \end{array}

\begin{array}{lrr} \hline &&\textbf{Industry}\\ &\textbf{Rusell}&\textbf{Average}\\ \hline \text{Current Assets}&\$323,520&70.9\%\\ \text{Fixed Assets, Net}&124,800&23.6\\ \text{Intangible Assets, Net}&8,160&0.8\\ \text{Other Assets}&23,520&4.7\\ \hline \text{Total Assets}&\$480,000&100.0\%\\ \hline\hline \text{}\\ \text{Current Liabilities}&\$221,760&48.1\%\\ \text{Long-term Liabilities}&108,480&16.6\\ \text{Total Liabilities}&330,240&64.7\\ \text{Stockholders' Equity}&149,760&35.3\\ \hline \text{Total Liabilities and Stockholders' Equity}&\$480,000&100.0\%\\ \hline\hline \end{array}

Requirements

Prepare a vertical analysis for Russell for both its income statement and balance sheet.
Compare the company's profit performance and financial position with the average for the industry.

Verified answer

business

Do males and females differ in the amount of time they spend online and the amount of time they spend playing games while online? A study reported that women spent a mean of 1,254 minutes per week online as compared to 1,344 minutes per week for men. Suppose that the sample sizes were 100 each for women and men and that the standard deviation for women was 60 minutes per week as compared to 70 minutes per week for men. To test for a difference in the mean online time of women and men, is it most appropriate to use the pooled-variance $t$ test or the separate-variance $t$ test? Using a $0.01$ level of significance, use the most appropriate test to determine if there is a difference in the mean amount of time spent online between women and men. Based on the results of $(c)$ , use the most appropriate test to determine, at the $0.01$ level of significance, whether there is evidences of a difference in the mean amount of jimespent playing games online per week by women and men.