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Carrico Advertising Inc. performs advertising services for several Fortune 500 companies. The following information describes Carrico’s activities during 2019.
a. At the beginning of 2019, customers owed Carrico $45,800 for advertising services performed during 2018. During 2019, Carrico performed an additional$695,100 of advertising services on account. Carrico collected $708,700 cash from customers during 2019.
b. At the beginning of 2019, Carrico had$13,350 of supplies on hand for which it owed suppliers $8,150. During 2019, Carrico purchased an additional$14,600 of supplies on account. Carrico also paid $19,300 cash owed to suppliers for goods previously purchased on credit. Carrico had$2,230 of supplies on hand at the end of 2019.
c. Carrico’s 2019 operating and interest expenses were $437,600 and$133,400, respectively.
Explain the underlying principles behind why the three accounts computed in Requirement 2 exist.
The standard deviation of the weights of elephants is known to be approximately 15 pounds. We wish to construct a confidence interval for the mean weight of newborn elephant calves. Fifty newborn elephants are weighed. The sample mean is 244 pounds. The sample standard deviation is 11 pounds.
Identify the following:
One of the most innovative advances in online fundraising during the past decade has been the rise of crowdfunding websites. While features differ from site to site, crowdfunding websites give people an opportunity to set up an online fundraising web page and to accept money directly from that page through an online payments system. Kickstarter, one such crowdfunding website, reported that of technology crowdfunding projects in Canada were successfully funded in the past year and of film and video crowdfunding projects were successfully funded in Canada in the past year.
a. Is there evidence of a significant difference in the proportion of technology crowdfunding projects and film and video crowdfunding projects that were successful? (Use .)