Punkeytown carries no insurance for possible claims and, as of january 1, 2019 (the start of its fiscal year), punkeytown had no outstanding claims. during 2019 a town water main burst, flooding the basements of two property owners. the property owners sued the town for damages. the town settled one claim in december 2019 for $5,000 and expected to pay it in early january 2020. the town’s counsel believes the probable settlement amount on the second claim will be about $11,000, but he expected negotiations to drag on for 18 months before reaching agreement. based on this information state how much punkeytown will report as the liability for judgments and claims in its governmental fund balance sheet.

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer