Examlex

Solved

IT Graduates Salary

question 9

Short Answer

IT Graduates Salary
The recent average starting salary for new college graduates in IT systems is $47,500.Assume salaries are normally distributed with a standard deviation of $4,500. ​ ​
-{IT Graduates Salary Narrative} What is the cutoff for the top 3% of the salaries?


Definitions:

Consolidated Financial Statements

Financial reports that display the economic condition, operational outcomes, and cash movements of a parent company and its subsidiary companies as one consolidated entity.

Pooling-of-interests Method

A merger accounting method where the assets and liabilities of merging companies are combined using their book values.

Acquisition Method

An accounting approach used to consolidate the financial statements of two companies when one company acquires control over the other.

Purchase Method

An accounting method used in mergers and acquisitions where the assets and liabilities of the acquired company are added to the acquirer's balance sheet at their fair market values.

Related Questions