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

**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 H_{0}: µ_{1} = µ_{2}., 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…

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 Companyâs

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.