Question 2 (5 points) Part (a) (1point) Please open the “Assignment 2 Real Estate.xls” file in…

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Question 2 (5 points)

Part (a) (1point)

Please open the “Assignment 2 Real Estate.xls” file in Excel. Using alpha = 0.05, test the null hypothesis H0: µ1 = µ2., with a “t-Test: Two-Sample Assuming Unequal Variance” from the Data Analysis menu.

You must submit your Excel file as part of the assignment.

Part (b) (2 points)

What is your decision regarding the null hypothesis (“reject” or “do not reject”)? Explain on which cell in your Excel output you base your decision.

Note: Whenever you see a number such as 4.02583E-10 in Excel, that is scientific notation. Written in decimal form, that number is 0.000000000402583, i.e., it is very small.

Part (c) (2 points)

Interpret your result from part (b) at a level that would be understandable to a high school graduate who has not taken a college-level statistics course.

Brad Company buys merchandise on account from Murray Company. The selling price of the goods is…

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Brad Company buys merchandise on account from Murray Company. The selling price
of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory
systems. Journalize the transaction on the books of both companies.
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Prepare the journal entries to record the following transactions on Derrick Company’s
books using a perpetual inventory system.
(a) On March 2, Derrick Company sold $900,000 of merchandise to Rose Company, terms 2/10,
n/30. The cost of the merchandise sold was $620,000.
(b) On March 6, Rose Company returned $90,000 of the merchandise purchased on March 2.
The cost of the returned merchandise was $62,000.
(c) On March 12, Derrick Company received the balance due from Rose Company.