For a direct-finance capital lease, the lease receivable is the present value of the minimum lease payments plus an element of gross profit

Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Much of this money is put into a fund called an endowment, and the college spends only the interest earned by the fund. A recent survey of 8 private colleges in the United States revealed the following endowments (in millions of dollars): 60.2, 47.0, 235.1, 490.0, 122.6,

177.5, 95.4, and 220.0. Summary statistics yield X X = 180.975 and S = 143.042. Calculate a 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments. A) $180.975 ± $99.123 B) $180.975 ± $116.621 C) $180.975 ± $119.586 D) $180.975 ± $94.066

Should the company have told Jason and Maria the results of the high-level audit? Why or why not?

What will be an ideal response?