The following information is from the 2015 records of armadillo camera shops. ( provide an organized explanation of the answer)accounts receivable, december 31, 2015 $330,000 (debit)allowance for uncollectible accounts, january 1, 2015 30,000 (credit)net sales for 2015 1,500,000accounts written off as uncollectible during 2015 25,500 uncollectible accounts expense is estimated by the percent-of-sales method. management estimates that 2% of net sales are uncollectible. which of the following will be the 12/31/15 balance in the allowance for uncollectible accounts? a) $25,500 b) $30,000 c) $34,500 d) $30,500

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