College
Two chemists working for a chicken fast-food company, have been producing a very popular sauce. Lets call then Jesse and Mr. White. Gus, their boss, is tired of Mr. Whites negative attitude and is thinking about "firing" him and keeping only Jesse on the payroll. The problem, however, is that Mr. White seems to produce a higher quality sauce whenever he is in charge of production if compared to Jesse. Before making a final decision, Gus collected some data measuring the quality of different batches of sauce produced by Mr. White and Jesse. We assume the quality measurements for both of them are normally distributed with the common variance. The results, measured on a quality scale, are listed below: Mr. White 97 1 7 Jesse 94 3 10 a. Based on this data, can we tell for sure (with 95% confidence) which one is the better chemist? b. Gus wants to keep the mean quality score for the sauce above 90. In this case, can he can rid of Mr. White, i.e., is Jesse good enough to run the sauce production?
Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Alex Company reports the following activity: Sales on account $2,100,000 Cash sales 1,110,000 Decrease in accounts receivable 915,000 Increase in accounts payable 108,000 Increase in inventory 72,000 Cost of good sold 1,575,000 What is the amount of cash collections from customers reported by Alex Company for the year ended December 31, 2018
