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The following note disclosure appeared in a recent annual report of Halliburton:
Our receivables are generally not collateralized. Included in notes and accounts receivable are notes with varying interest rates totaling $12 million at December 31. At December 31, 39% of our consolidated receivables related to our United States government contracts, primarily for projects in the Middle East
-Explain the reason that Halliburton indicates that its receivables include notes with varying interest rates totaling $12 million at December 31. What significance does this have to the reader?
Population Parameter
A value that represents a characteristic of an entire population.
Interval Estimate
An estimate of a parameter that provides a range of possible values within which the parameter is expected to lie, specified by a confidence level.
Population Parameter
A numerical characteristic that describes an aspect of a population, such as its mean or variance.
Actual Value
The real value observed or measured, as opposed to an estimated or theoretical value.
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