Following is the balance sheet of Rundle Company for Year 3: RUNDLE COMPANY
Balance sheet
Assets
Cash $ 15,450
Marketable securities 7,860
Accounts receivable 13,040
Inventory 11,150
Property and equipment 169,000
Accumulated depreciation (12,800 )
Total assets $ 203,700
Liabilities and Stockholders’ Equity
Accounts payable $ 8,540
Current notes payable 3,960
Mortgage payable 4,500
Bonds payable 21,840
Common stock 113,700
Retained earnings 51,160
Total liabilities and stockholders’ equity $ 203,700

The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,100.

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