In recording an accounting transaction in a double-entry system:.
Answers
In recording an accounting transaction in a double-entry system, the basic accounting equation A = L + SE must always balance. This means that for every transaction recorded, the total debits must always equal the total credits.
There are two basic types of accounts in a double-entry system:1. Asset accounts: Assets are what a company possesses or owns, and these accounts usually have a debit balance.2. Liability and equity accounts: Liabilities are what a company owes, while equity is what the company's owners or shareholders have invested in the company. These accounts usually have a credit balance.
Accounts are recorded using journal entries, which show the date of the transaction, the accounts involved, and the amounts of the debits and credits. Transactions can be posted to either the general ledger or the subsidiary ledger, depending on the size and complexity of the company.
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Related Questions
what causes a disaster recovery plan (drp) to be activated?a.realizing criteria specified in the drpb.majority vote from the drp teamc.activation proclamation by the business continuity plan (bcp) managerd.realizing criteria spelled out in the business continuity plan (bcp)
Answers
The decision to activate a DRP is based on the realization of criteria spelled out in the business continuity plan (BCP), which outlines the organization's strategy for recovering from significant disruptions or disasters. The goal of a DRP is to minimize the impact of a disaster on the organization and to ensure business continuity by establishing processes and procedures that allow for a quick and effective recovery.
A disaster recovery plan (DRP) is activated when a significant disruption or disaster occurs that affects a business's ability to function normally. This can be due to a variety of reasons, such as natural disasters, cyberattacks, power outages, or other unforeseen events that can impact the organization's ability to operate.
The activation of a DRP can be triggered by a variety of factors, including realizing criteria specified in the DRP, such as the scope and severity of the incident. Additionally, a majority vote from the DRP team may also be necessary to activate the plan. Furthermore, an activation proclamation by the business continuity plan (BCP) manager may be required, signaling the start of the DRP implementation process.
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In a hypothetical country, Nominal GDP has increased by 5%. Which of the
following must be true? (1 point)
Prices have increased.
Either price, economic output, or both has increased.
The quantity of economic output has decreased.
The quantity of economic output has increased.
Answers
As a result of an increase in nominal GDP, we can infer that Either price, economic output, or both has increased.
Nominal GDP can increase when:
An increase in price makes the final price of goods and services more than it was before An increase in economic output means that more goods and services are being produced that increase GDPThere is also the chance that both of these could happen at the same time. This would increase the Nominal GDP by a higher rate.
In conclusion, a rise of nominal GDP could come from either or both of those factors.
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According to research, which of the following is an increasing cause of motor vehicle crashes that contribute to 24% of motor vehicle crashes per year?
A) alcohol abuse
B) hazardous roads
C) cell phone usage
D) improper driver training
Answers
According to research, cell phone usage is an increasing cause of motor vehicle crashes that contribute to 24% of motor vehicle crashes per year.
Distracted driving is driving while doing some other activity that takes your attention away from the road. This is a common problem that increases the risk of a car accident. It can lead to severe injury and death.Cell phone usage is the primary cause of distracted driving.
In fact, in recent years, the use of smartphones while driving has become an increasing cause of motor vehicle crashes, accounting for 24% of motor vehicle crashes per year. It is risky to use a cell phone while driving, as it takes your attention away from the road and increases your chances of being involved in an accident.
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In an indirect transfer involving an investment intermediary (i.e. an investment bank) the success or failure of the investment by the ""saver"" of capital is dependent upon the success or failure of a single ""user"" of the capital.
Answers
"In an indirect transfer involving an investment intermediary, such as an investment bank, the success or failure of the investment made by the "saver" of capital can be dependent upon the success or failure of a single "user" of the capital." is true.
This is because the investment bank or other intermediary pools funds from multiple savers and invests them in various opportunities, such as providing loans or investing in stocks or bonds.
If the intermediary invests a significant portion of the pooled funds in a single opportunity or with a single user of the capital, then the success or failure of that opportunity or user can have a significant impact on the overall returns of the pooled funds.
For example, if the intermediary invests a large portion of the pooled funds in a single startup company, then the success or failure of that company can have a significant impact on the overall returns of the investment.
The proper question is " In an indirect transfer involving an investment intermediary (i.e. an investment bank) the success or failure of the investment by the ""saver"" of capital is dependent upon the success or failure of a single ""user"" of the capital.True or false"
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*You have a company's balance sheet, its income statement, and its statement of cash flows. Which would you refer to if you wanted to know if a company made or lost money last year? If you wanted to find out how much debt the firm had used to finance its assets? If you wanted to know why its cash balance had changed over the past year?
Answers
If I wanted to find out how much debt the firm had used to finance its assets I would refer to the balance sheet.
If I wanted to know why it’s cash balance had changed over the past year I would refer to the cash flow statement.
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
managers generally use payback as the sole method for deciding whether to invest in an asset. T/F
Answers
False. While payback period is one of the methods used by managers for deciding whether to invest in an asset, it is not typically used as the sole method.
Managers also consider other methods such as net present value (NPV), internal rate of return (IRR), profitability index (PI), and discounted payback period to evaluate investment options.
Payback period is a simple and popular method for evaluating investment opportunities. It calculates the length of time required to recover the initial investment, based on the expected cash flows generated by the investment. However, it does not take into account the time value of money or the cash flows beyond the payback period. Therefore, managers may also use other methods that provide a more comprehensive view of the investment opportunity.
Net present value (NPV) and internal rate of return (IRR) consider the time value of money by discounting future cash flows back to their present value. Profitability index (PI) is another method that incorporates the time value of money and evaluates the investment return relative to the amount invested. Discounted payback period combines the simplicity of payback period with the consideration of the time value of money.
Overall, managers use a combination of these methods to gain a comprehensive understanding of the potential investment opportunity and make informed investment decisions.
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Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
Answers
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
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revealing gaps in current knowledge about customer experiences and frustrations that helps entrepreneurs direct future research and reduce risk
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Identifying gaps in current knowledge about customer experiences and frustrations is crucial for entrepreneurs to inform future research and reduce risk in their business ventures.
By understanding what customers are currently experiencing and what aspects frustrate them, entrepreneurs can gain valuable insights that guide their decision-making and help them meet customer needs effectively. Here are some key benefits of revealing these gaps:
Identifying Untapped Opportunities: Gaps in knowledge highlight areas where customer needs are not being adequately addressed or where existing solutions are lacking. Entrepreneurs can use these insights to identify untapped market opportunities and develop innovative products or services that address the unmet needs of customers. By focusing on filling these gaps, entrepreneurs can gain a competitive advantage and attract a customer base looking for better solutions.
Enhancing Customer Satisfaction: Understanding customer frustrations allows entrepreneurs to tailor their offerings to address specific pain points. By identifying and resolving the sources of frustration, entrepreneurs can create a more satisfying customer experience. This, in turn, can lead to increased customer loyalty, positive word-of-mouth referrals, and improved customer retention rates, ultimately contributing to the success and growth of the business.
Mitigating Risk and Failure: By uncovering gaps in customer knowledge, entrepreneurs can minimize the risk of developing products or services that do not meet customer expectations. By conducting thorough research and gaining insights into customer experiences and frustrations, entrepreneurs can make informed decisions about product development, marketing strategies, and resource allocation. This reduces the likelihood of investing resources in initiatives that are not aligned with customer needs, minimizing the risk of failure and potential financial losses.
To reveal these gaps in knowledge, entrepreneurs can employ various research methods such as customer surveys, focus groups, interviews, and social listening through online platforms. These research efforts allow entrepreneurs to directly engage with customers, gain firsthand feedback, and uncover insights that help shape their future strategies.
Overall, understanding customer experiences and frustrations and addressing the gaps in current knowledge empowers entrepreneurs to make informed decisions, create innovative solutions, and build strong customer relationships. By aligning their efforts with customer needs, entrepreneurs can reduce risk, increase the chances of business success, and ultimately deliver greater value to their target market.
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Identify the members of the supply chain who are affected by a high forecast. (Check all that apply.) Multiple select question. The firms that own the supply chain incur the expenses of high forecasting. The operations managers pay for the costs incurred due to high forecasting. The workers pay for the costs incurred due to high forecasting. The customers pay for it in the form of higher prices.
Answers
Answer:
The question would be written again below with options attached this time, so as to aid understanding.
Identify the members of the supply chain who are affected by a high forecast. (Check all that apply.) Multiple select question. A. The firms that own the supply chain incur the expenses of high forecasting. B. The operations managers pay for the costs incurred due to high forecasting. C. The workers pay for the costs incurred due to high forecasting. D. The customers pay for it in the form of higher prices.
The Correct Answer is: Option A (The firms that own the supply chain incur the expenses of high forecasting), and Option D (The customers pay for it in the form of higher prices).
Explanation:
Forecasting is a key process that helps companies, firms make financial and operational decisions through the act of predicting demand, supply of a market. Forecasting helps the firm plan for future price and price fluctuations, and it also helps firms make enough research on the right supply of goods that would be necessary to satisfy demand.
The customers, from the answer selected, are key members of the supply chain as their tastes, opinions, affect the supplier decisions. High forecast makes the customers pay for it in the form of higher prices.
The firms that own the supply chain incur the expenses of a high forecast. Firms use forecasting to help them develop business strategies. Firms make adequate research on how high forecast affects other members of the supply chain.
of the following costs related to the development of natural resources, which one is not a part of depletion cost
Answers
Tangible equipment costs associated with machinery used to extract the natural resource
What is Tangible equipment?A tangible asset is one with physical substance. Inventory, a building, rolling stock, manufacturing equipment or machinery, and office furniture are all examples.
Any item that can be physically touched, moved, seen, weighed, measured, or picked up is considered a tangible good. A car, a printed book, clothing, tools, flowers, furniture, or DVDs are all examples of tangible goods.
It is possible to touch something that is literally tangible. A rock, like a broken window, is tangible; if the rock is lying next to the window, it could be tangible evidence of vandalism. When we say that the tension in a room is tangible, we mean that we can feel it so strongly that it almost feels physical.
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how are the 3 strategic resources: swot analysis, value chain, and balanced scorecard linked in a comprehensive strategic analysis?
Answers
The three strategic resources: SWOT analysis, value chain, and balanced scorecard are all linked in a comprehensive strategic analysis because they all provide important information that can be used to make strategic decisions. Together, these three strategic resources provide a comprehensive view of a business, which can be used to make informed and strategic decisions.
SWOT analysis helps identify the strengths, weaknesses, opportunities, and threats of a business, which can be used to determine the best course of action.
Value chain analysis is used to identify the primary and support activities that create value for a business, which can be used to identify areas for improvement and to create a competitive advantage.
Balanced scorecard is used to measure the performance of a business in relation to its goals and objectives, which can be used to make strategic decisions and to evaluate the effectiveness of the strategy.
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ICE is a non-profit organization that runs awareness campaigns and research programs that provide data to initiate the process of legislative changes on various aspects of the environment like forest cover, nuclear fuel, endangered species and others. The ICE operates through networks of grass-root level researchers who are grouped into flexible project teams whose roles and duties change with each new project. The ICE believes its employees to be like family and an informal environment pervades its functioning without any compromises being made in the efficiency. Recently, the project manager of the rainwater harvesting pilot project in the suburbs has been informed of two delays in the project. When the third extension request came to him, he looked into the matter by speaking individually with the five team members. Which of the following complaints by the team members, if true, would indicate the presence of social loafing in the team?
A) The team members were dissatisfied with the compensation package as they felt they were putting in a lot of work and being paid relatively less.
B) Nancy, one of the new team members, reported that she felt the team was not cohesive enough.
C) The scarcity of funds was one of the major concerns that all the team members mentioned.
D) Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer.
E) A team member complained that the residents of the suburb in which they were working were uncooperative and did not accept their most cordial requests for helping in data collection.
Answers
Answer: D. Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer.
Explanation:
Social loafing means when an individual exerts less effort in order to achieve a particular goal when the individual is part of a group but when the individual works alone , he or she works harder and exerts more effort.
Based on the information given, the presence of social loafing in the team will be that "Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer".
Here, there's dispersion of responsibility as the results in he group group can't be attributed to a particular employee. In such case, the employees may be tempted to wanting to work alone.
would anyone like a 5 star rating? you just have to comment and give me a thanks :)
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Enter text- Apply A text Effect
Answers
A non-compete agreement that is not automatically void by statute may still be unenforceable if:Group of answer choicesThe court decides the duration or the scope is unreasonableIt includes a prohibition on disclosing trade secretsIt is signed by a key employeeIt is signed by an employee who does not receive a raise in exchange for signing it
Answers
A non-compete agreement that is not automatically void by statute may still be unenforceable if the court decides the duration or scope is unreasonable.
In the case that the court decides that the duration of the non-compete is too long or the scope is too broad, the agreement is deemed unenforceable since it prevents the employee from finding employment elsewhere.
The agreement may also be unenforceable if it includes a prohibition on disclosing trade secrets.
This is because the employee is obligated to not disclose any trade secrets they might learn in the course of their employment.
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Analyse and discuss the term ‘buyer motivation', in relation to innovative banking products and services.
Answers
Answer: Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item.
Explanation:
Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item. Every customer buying an item will consider a lot of things before getting one, although this varies compared to other person's. Some may buy out of a need, others a want, some panic buy. They all vary. Buying is more of a physiological thing than any other thing.
What benefit is there to using a checking account instead of a savings account?
Answers
Checking accounts typically have no transaction restrictions and include a debit card you may use to make purchases. A savings account is a good option for putting money aside for a long-term requirement or goal.
The quantity of withdrawals you may make from savings accounts is frequently capped, and using a debit card to make purchases is typically not an option. Savings accounts are made to retain money for a long time, which might help you save for bigger objectives.
While checking accounts are practical for daily financial demands, it's crucial to keep in mind that they can have an age restriction. The majority of banks won't let minors create a checking account without a parent.
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A nearsighted person has a near point of 20.0cm and a far point of 60.0cm. When he wears his contact lenses, he can see faraway objects clearly. What is the closest distance at which he can see objects clearly when wearing his contact lenses
Answers
When wearing contact lenses, a nearsighted person with a near point of 20.0cm and a far point of 60.0cm can see faraway objects clearly. The closest distance at which he can see objects clearly when wearing his contact lenses will be greater than his near point of 20.0cm.
Contact lenses for nearsightedness correct the refractive error by diverging the incoming light rays before they reach the person's eyes. This allows the light to focus properly on the retina, resulting in clear vision. With his contact lenses on, the person's far point is extended beyond the 60.0cm, enabling him to see distant objects clearly.
However, since his near point remains at 20.0cm, it indicates that his eyes still have difficulty focusing on objects that are closer than that distance, even with the contact lenses. Therefore, the closest distance at which he can see objects clearly when wearing his contact lenses will be slightly greater than 20.0cm, as that is the limit of his near point.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
Answers
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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What are some benefits of paying taxes? Check all that apply.
ensuring that the needs of the nation are fulfilled
paying for public works such as highways and museums
reducing the amount of money consumers can spend
slowing growth in the economy
paying for government programs that help citizens
Answers
Answer:
A,B,E
Explanation:
got it right on test
Answer:
a b e
Explanation:
right on edge
Public goods are a. excludable, do people have an incentive to be free riders. bnot excludable, do people do not have an incentive to be free riders. c. excludable, so people do not have an incentive to be free riders. d. not excludable, so people have an incentive to be free riders.
Answers
Answer:not excludable, people have an incentive to be free riders
Explanation:
Using CAPM, what is the required return for a stock with a beta of 1.3 ? The market returns 7%, and the risk-free rate is 2%. (3 points)
Answers
The required return for the stock with a beta of 1.3 is 8.5%. The Capital Asset Pricing Model (CAPM) is used to calculate the required return on an investment based on its beta, the market return, and the risk-free rate.
The formula for CAPM is as follows:
Required Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)
In this case, the beta of the stock is given as 1.3. The market return is 7% and the risk-free rate is 2%.
Using the CAPM formula, we can calculate the required return for the stock:
Required Return = 2% + 1.3 * (7% - 2%)
Required Return = 2% + 1.3 * 5%
Required Return = 2% + 6.5%
Required Return = 8.5%
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Chris values family and friends most. _____ is/are the most important thing to him.
Relationships
Courage
Responsibility
Achievement
i think its relationships
Answers
Relationships
Explanation:
Answer:
Relationships
Explanation:
got it right on edge 23
Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?
a. Non-profit managers are evaluated on financial performance only.
b. Non-profit managers try to give the illusion that they care about the "bottom line."
c. Not-for-profit organizations need to make money to continue operating.
d. Non-profit organizations have an obligation to turn a profit.
Answers
Answer:
c. Not-for-profit organizations need to make money to continue operating.
Explanation:
Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.
On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.
The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.
This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.
which of the following is most unlikely to present a barrier to entry into a market?market forcespatent lawstechnological advantagesderegulation
Answers
The correct response is D. deregulation. The most unlikely to present a barrier to entry into a market is deregulation.
Deregulation is the procedure used to eliminate or scale back state rules, usually in the economic realm. Governmental control over the economy is being repealed. As a result of new trends in economic thinking about the inefficiencies of government regulation and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, harming consumers and the larger economy, it became widespread in advanced industrial economies in the 1970s and 1980s. During the Gilded Age, progressive reforms were said to be required to limit externalities like corporate abuse, unsafe child labour, monopolization, pollution, and to lessen boom and bust cycles. These changes were also argued to be necessary to control externalities like monopolization.
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Which of the following is most unlikely to present a barrier to entry into a market?
A. market forces
B. patent laws
C. technological advantages
D. deregulation
They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Answers
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue
Which step directly follows "loss of jobs” in the stagflation cycle?
Answers
Answer:
fewer items produced
Explanation:
Answer:
D
Explanation:
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
