Brad essary owned a small company that sold garden equipment. the equipment was expensive, and a perpetual system was maintained for control purposes. even so, lost, damaged, and stolen merchandise normally amounted to 5 percent of the inventory balance. on june 14, essary's warehouse was destroyed by fire. just prior to the fire, the accounting records contained a $136,000 balance in the inventory account. however, inventory costing $16,900 had been sold and delivered to customers but had not been recorded in the books at the time of the fire. the fire did not affect the showroom, which contained inventory that cost $35,000.
required:
estimate the amount of inventory destroyed by fire.

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.