A new fast food restaurant wants to start deliver food. The owner of the store has determined that home delivery will be successful if the average time spent on the deliveries does not exceed 24 minutes. The owner has randomly selected 32 customers and has delivered food to their homes. The mean delivery time for the sample is 26 minutes with standard deviation of 5.8 minutes. Test if the mean delivery time actually exceeds 24 minutes. 1. Give the null and alternative hypotheses to determine if the mean delivery time actually exceeds 24 minutes. (a.) H0:μ=24 and HA:μ>24 (b.) H0:μ=24 and HA:μ<24 (c.) H0:xˉ=24 and HA:xˉ>24 (d.) H0:xˉ=24 and HA:xˉ<24.

2. Calculate the test statistics. (a.) z=1.95 (b.) z=−1.95 (c.) t=1.95 (d.) t=−1.95

3. P-value for this test is. (a.) 0.0602 (b.) 0.0301 (c.) 0.9699 (d.) 0.0050

4. At α=0.05, which of the following conclusion is correct? (a.) At α=0.05, there is no sufficient evidence to conclude that the mean delivery time exceed 24 minutes. (b.) At α=0.05, there is sufficient evidence to conclude the mean delivery time exceeds 24 minutes. (c.) At α=0.05, there is sufficient evidence to conclude the mean delivery time less 24 minutes. (d.) At α=0.05, there is sufficient evidence to conclude that the mean delivery time is 24 minutes

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?