Schedule of Cash Payments Shakti Power Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:

March $68,000
April 77,000
May 88,000
Depreciation, insurance, and property taxes represent $5,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in November. Sixty percent of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

Prepare a schedule indicating cash payments for selling and administrative expenses for March, April, and May. Enter all amounts as positive numbers.

SHAKTI POWER INC.
Schedule of Cash Payments for Selling and Administrative Expenses
For the Three Months Ending May 31
March April May
March expenses:
Paid in March $ fill in the blank 2
Paid in April $ fill in the blank 3
April expenses:
Paid in April fill in the blank 4
Paid in May $ fill in the blank 5
May expenses:
Paid in May fill in the blank 6
Total cash payments $ fill in the blank 7
$ fill in the blank 8
$ fill in the blank 9

Jobs and productivity! how do retail stores rate? one way to answer this question is to examine annual profits per employee. the following data give annual profits per employee (in units of 1 thousand dollars per employee) for companies in retail sales. assume σ ≈ 4.0 thousand dollars. 3.7 6.7 3.6 8.5 7.5 5.9 8.7 6.4 2.6 2.9 8.1 −1.9 11.9 8.2 6.4 4.7 5.5 4.8 3.0 4.3 −6.0 1.5 2.9 4.8 −1.7 9.4 5.5 5.8 4.7 6.2 15.0 4.1 3.7 5.1 4.2 (a) use a calculator or appropriate computer software to find x for the preceding data. (round your answer to two decimal places.) thousand dollars per employee (b) let us say that the preceding data are representative of the entire sector of retail sales companies. find an 80% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit -- thousand dollars upper limit -- thousand dollars (c) let us say that you are the manager of a retail store with a large number of employees. suppose the annual profits are less than 3 thousand dollars per employee. do you think this might be low compared with other retail stores? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are less than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. correct: your answer is correct. (d) suppose the annual profits are more than 6.5 thousand dollars per employee. as store manager, would you feel somewhat better? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are greater than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. (e) find an 95% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit 3.75 incorrect: your answer is incorrect. thousand dollars upper limit 6.41 incorrect: your answer is incorrect. thousand dollars