Calculate the deferred tax liability at December 31, 20X1 based on the following: $65,000 asset acquired January 1, 20X1 The acquired asset has a zero estimated salvage value Useful life of five years for both financial reporting and tax depreciation purposes Depreciation expense for financial reporting is $13,000 per year Depreciation expense for tax is $26,000 the first year, $15,600 the second year and $9,360 the third year Tax rate of 30%

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach