After reviewing the CCACC’s latest document, Oxford Cereals has released SecondAnalysis. pdf, a press kit that Oxford Cereals has assembled to refute the claim that it is guilty of using selective data. Review the Oxford Cereals press kit and then answer the following questions:c. Does Oxford Cereals have a legitimate argument? Why or why not?d. Assuming that the samples Oxford Cereals has posted were randomly selected, perform the appropriate analysis to resolve the ongoing weight dispute. e. What conclusions can you reach from your results? If you were called as an expert witness, would you support the claims of the CCACC or the claims of Oxford Cereals? Explain.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.