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A newspaper reports on the topics that teenagers most want to discuss with their parents.
The findings, the results of a poll, showed that 46% would like more discussion about the
familyʹs financial situation, 37% would like to talk about school, and 30% would like to
talk about religion. These and other percentages were based on a national sampling of 505
teenagers. Estimate the proportion of all teenagers who want more family discussions
about religion. Use a 90% confidence level.
Sales Tax
A percentage of the selling price of goods and services, collected by sellers and remitted to the appropriate tax authority.
Liability Account
An accounting record that captures the amounts a company owes to others.
Gross Sales
represent the total sales revenue before any deductions are made for returns, allowances, or discounts.
Cash Sales
Transactions in which goods or services are exchanged immediately for cash payment.
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