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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Starting with a sample of two values 70 and 100,add three data values to your sample to obtain a new sample with certain statistics.
-What are the three data values such that the new sample has a mean of 100? Justify your answer.
Transaction Analysis
The process of studying a transaction to determine its economic effect on the business in terms of the accounting equation.
Accounting Equation
The foundational principle of double-entry bookkeeping, stating that assets equal liabilities plus shareholders' equity.
Components
Elements or parts that combine to form a larger product or system.
Net Profit Margin Ratio
A profitability metric that shows the percentage of revenue that remains as net income after all expenses have been deducted.
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