Buff Tech, Inc. sells computer components and plans to borrow some money to expand. The company has a 12/31 year-end. After reading about earnings management (refer back to Chapter 4), Bucky, the owner has decided he should try to accelerate some sales to improve his financial statement ratios. He has called his best customers and asked them to make their usual January purchases and take delivery of the goods by December 31. He told the customers he would allow them until the end of February to pay for the purchases, just as if they had made the purchases in January.

Note: For revenue recognition purposes, the performance obligation was satisfied by 12/31.

Question:

What are the ethical implications of this plan? What ratios will be improved by accelerating these sales? What about future implications?

6 points Please read the each question carefully. Use your own words, verbatim answers from any source will not receive any points, Include the question with your answer and skip a line between each one. Question number 5 requires a full and complete answer, You must answer all the questions in order to get credit for this question. 1. Define descriptive statistics in one sentence 2. Define inferential statistics in one sentence. 3. Provide the name of two descriptive statistics. 4. Provide the name of two inferential statistics. 5. FULLY EXPLAIN three differences between descriptive and inferential statistics. This answer should be complete. Clearly numbered each difference. Use your own words, verbatim answers from any source will not receive any points. Partial answers or incomplete answers will not receive any creditFor a 4-unit class like Statistics, students should spend average of 12 hours studying for the class, A survey was done on 26 students, and the distribution of total study hours per week is bell-shaped with a mean of 13 hours and a standard deviation of 3.4 hours. Use the Empirical Rule to answer the following questions. a) 68% of the students spend between hours and hours on Statistics each week b) 95% of the students spend between hours and hours on Statistics each week. c) 99.7% of the students spend between hours and hours on Statistics each week