On January 1, 2009 Akil Rampaul's balance sheet was as follows:

ASSETS
Plants & Machinery 20400
Accounts Receivable 7817
Cash 1183
Furniture & Fittings 10840
Inventory 5000
Prepaid Insurance 160

LIABILITIES
Accrued Wages 940
Accounts Payable 5340
Capital 35000
Bank Overdraft 4120

During the first week, Rampaul recorded the following transactions.

1. Sold machinery with the net book value of $2000 for $1200 cash and bought new machinery for $6900 paying by cheque.

2. Collected $1102 in cash from debtors

3. The inventory was revalued at $4300

4. Insurance of $20 for one week was used up

5. Creditors were paid $3340 by cheque

6.The outstanding wages were paid in cash

7. Received a cheque for $13000 from his brother, Asa, as loan to be repaid in two years

Prepare Akil Rampaul, a revised balance sheet as at January 7, 2009 to show the effects of the first week's transactions.

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.