Susan company reported these income statement data for a 2-year period. 2022 2021 sales $315,000 $264,600 beginning inventory 50,400 37,800 cost of goods purchased 254,520 217,980 cost of goods available for sale 304,920 255,780 ending inventory 63,000 50,400 cost of goods sold 241,920 205,380 gross profit $73,080 $59,220 susan uses a periodic inventory system. the inventories at january 1, 2021 and december 31, 2022, are correct. however, the ending inventory at december 31, 2021 is overstated by $5,040. prepare correct income statement data for the 2 years.

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

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.