FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below contains the profit margin for the 10 most profitable companies in the chemical and business software industries during one week in February,

The table below contains the profit margin for the 10 most profitable companies in the chemical and business software industries during one week in February, 2010. Is there a difference between these two industries in their average profit margins?

Industry Chemicals Chemicals Chemicals Chemicals Chemicals Chemicals Chemicals Chemicals Chemicals Chemicals Business Software Business Software Business Software Business Software Business Software Business Software Business Software Business Software Company Southridge Enterprise China Agri Business China Sun Group High Tech American Nano Silicon Tech Flamemaster Corp. FutureFuel Corp. Epolin Inc. Air Products & Chemicals Celanese Corp. Synthetech Inc. Ebix Inc. Incredimail LongtopFin'l Tech. Descartes Systems Cogent Inc. Supportsave Solutions Gravity Co. Issuer Direct Business Software Business Software Source: Online Investor.com Profit Margin for one week in February, 2010 Jingwei Int'l TeleCom. Systems Symbol SRGE CHBU CSGH ANNO FAME FTFL EPLN APD CE NZYM EBIX MAIL LFT DSGX COGT SSVE GRVY ISDR JNGW TSYS Profit Margin* 31.37 29.66 22.35 16.02 12.20 11.92 10.90 9.87 9.52 9.13 0.40 39.97 38.80 27.57 26.29 23.71 20.28 19.64 19.39 19.10

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

TTest Business Research Methods Project Description In this project the goal was to determine whether there is any difference in profit margin means f... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson

6th edition

978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163

More Books

Students also viewed these Finance questions

Question

★★★★★
In a stock acquisition, why is there a difference between the tax basis of assets held by an acquired corporation and the tax basis of the shares held by a corporate acquirer? Why is this difference...

Answered: 1 week ago

Question

★★★★★
Is there a difference between a $5,900 Loro Piana vicua sweater and a $150 cashmere sweater from L.L. Bean? Have you ever purchased a higher-priced product or service because you thought the quality...

Answered: 1 week ago

Question

★★★★★
Is there a difference between the book value of accounts shown on the statement of financial position and market value? Explain.

Answered: 1 week ago

Question

★★★★★
6.33. The "intrinsic gain" of a MOSFET oper- ating in saturation is defined as gmro. De- rive an expression for gmro and plot the result as a function of ID. Assume VDs is constant.

Answered: 1 week ago

Question

★★★★★
Vision Software Limited reported the following amounts on its balance sheets at December 31, 2017, 2016, and 2015: Sales and profits are high. Nevertheless, Vision is experiencing a cash shortage....

Answered: 1 week ago

Question

★★★★★
Since depreciation considers obsolescence, it is [correct / not correct] to regard depreciation and obsolescence as two different things.

Answered: 1 week ago

Question

★★★★★
Do I own something similar already?

Answered: 1 week ago

Question

★★★★★
Time cards are being entered into the accounting system for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to...

Answered: 1 week ago

Question

★★★★★
When did Luther send the list of Nitey - Five Theses?

Answered: 1 week ago

Question

★★★★★
An earthwork contractor is considering to purchase a new excavator which will cost $130,000 including tax and transportation expenses. Answer the following questions about depreciation. Note: GDS...

Answered: 1 week ago

Question

★★★★★
Firms directing the same strategy to the same target market constitute a strategic group. True False

Answered: 1 week ago

Question

★★★★★
Solve and indicate whether the following series are convergent or divergent Ans: Diverges by Limit Comparison Test 0 3 m=1 7" n! Ans: Converges by Integral Test 8 h= n=1 Thus, this diverges by the...

Answered: 1 week ago

Question

★★★★★
A farmer installed a tank for the purpose of keeping the hot water for his residential house in the farm. The tank is made of mild steel of wall thickness 10 mm and contains water at 90oC. Calculate...

Answered: 1 week ago

Question

★★★★★
Explain why you chose the specific article? How is it relevant to the current health care landscape? Discuss current event from the perspective of a health care administrator. Document your thoughts...

Answered: 1 week ago

Question

★★★★★
7. A series of transactions for Ace Repair is given below. Use the chart to show the effect of each of the transactions on assets, liabilities, and owner's equity by placing an x in the appropriate...

Answered: 1 week ago

Question

★★★★★
(CLO3) Sam and Mike are discussing using a new project management framework. Mike mentions that no matter what the team should always be willing to try new things. Sam asks Mike to focus on the pros,...

Answered: 1 week ago

Question

★★★★★
FOR C++ Write a program that determines the difference between two times in 24h00 format. The program must ask the user to enter two times in 24h00 format, convert the two times to seconds, get the...

Answered: 1 week ago

Question

★★★★★
Calculate the Lagrange polynomial P 2 (x) for the values (1.00) = 1.0000, (1.02) = 0.9888, (1.04) = 0.9784 of the gamma function [(24) in App. A3.1] and from it approximations of (1.01) and (1.03).

Answered: 1 week ago

Question

★★★★★
Write a program that declares the following: A String variable named name . An int variable named age A double variable named annual Pay Store your name, age, and desired income as literals in...

Answered: 1 week ago

Question

★★★★★
When calculating the weighted average number of common shares, how are stock dividends and stock splits treated? Compare this treatment with that of additional shares sold for cash in midyear.

Answered: 1 week ago

Question

★★★★★
Obtain the 2009 annual report of Vodafone www.vodafone.com. Contrast the accounting approaches used in notes 13 for investments in joint ventures and 14 for investments in associated undertakings....

Answered: 1 week ago

Question

★★★★★
Hoffman Corporation issued $60 million of 5%, 20-year bonds at 102. Each of the 60,000 bonds was issued with 10 detachable stock warrants, each of which entitled the bondholder to purchase, for $20,...

Answered: 1 week ago

Question

★★★★★
Crowd Management Strategies monitors accidents at rock concerts. In their database, they list the names and other variables of victims whose deaths were attributed to "crowd crush" at rock concerts....

Answered: 1 week ago

Question

★★★★★
In 2011, the website NewGeography .com listed its ranking of the best cities for job growth in the United States. Here is the magazine's top 20 larger cites, along with their weighted job rating...

Answered: 1 week ago

Question

★★★★★
A company that sells frozen pizza to stores in four markets in the United States (Denver, Baltimore, Dallas, and Chicago) wants to examine the prices that the stores charge for pizza slices. Here are...

Answered: 1 week ago

Previous Question Next Question