Testbank Multiple Choice Question 116 Crane Company traded machinery with a book value of $921440 and a fair value of $886000. It received in exchange from Wildhorse Co. a machine with a fair value of $1054340. Crane also paid cash of $105434 in the exchange. Wildhorse’s machine has a book value of $921440. What amount of gain or loss should Crane recognize on the exchange (assuming lack of commercial substance)? $3544 loss $105434 gain $35440 loss $ -0-

The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?