41.
fewer young people are driving. in 1983, 87% of 19-year-olds had a driver's license.
twenty-five years later that percentage had dropped to 75% (university of michigan
transportation research institute website, april 7, 2012). suppose these results are based
on a random sample of 1200 19-year-olds in 1983 and again in 2008.
a. at 95% confidence, what is the margin of error and the interval estimate of the num-
ber of 19-year-old drivers in 1983?
b. at 95% confidence, what is the margin of error and the interval estimate of the num-
ber of 19-year-old drivers in 2008?
c. is the margin of error the same in parts (a) and (b)? why or why not?

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Witch is an example of a non durable good?

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)