Questions
You may believe that the population proportion of adults in the US who own SUVs is...

You may believe that the population proportion of adults in the US who own SUVs is 0.25. Your data is that you surveyed people leaving work at the end of the day and found that 5 out of 18 owned an SUV. Test this at the .05 significance level. In addition to the significance level, what is the the mean and standard deviation?

In: Math

Who gave us the Calculus of Felicity? What is it used for? How many parts are...

Who gave us the Calculus of Felicity? What is it used for? How many parts are there? Define each part. Give an example of ONE ACTIVITY using ALL of the parts of the theory.

In: Psychology

Why doesn't the US count people who are looking for work as unemployed? For example, the...

Why doesn't the US count people who are looking for work as unemployed? For example, the unemployment rate reported during the COVID-19 period, 14.7%, is lower than the real unemployment rate predicted by economists.

In: Economics

Read, analyze, and comment on the reading and statement in green below: The '77 Cents on...

Read, analyze, and comment on the reading and statement in green below:

The '77 Cents on the Dollar' Myth About Women's Pay

Once education, marital status, and occupations are considered, the "gender wage gap" all but disappears.

April 8 is "Equal Pay Day," an annual event to raise awareness regarding the so-called gender wage gap. As President Obama said in the State of the Union address, women "still make 77 cents for every dollar a man earns," a claim echoed by the National Committee on Pay Equity, the American Association of University Women and other progressive groups.

The 23% gap implies that women work an extra 68 days to earn the same pay as a man. Mr. Obama advocates allowing women to sue for wage discrimination, with employers bearing the burden of proving they did not discriminate. But the numbers bandied about to make the claim of widespread discrimination are fundamentally misleading and economically illogical.

In its annual report, "Highlights of Women's Earnings in 2012," the Bureau of Labor Statistics states that "In 2012, women who were full-time wage and salary workers had median usual weekly earnings of $691. On average in 2012, women made about 81% of the median earnings of male full-time wage and salary workers ($854)." Give or take a few percentage points, the BLS appears to support the president's claim.

But every "full-time" worker, as the BLS notes, is not the same: Men were almost twice as likely as women to work more than 40 hours a week, and women almost twice as likely to work only 35 to 39 hours per week. Once that is taken into consideration, the pay gap begins to shrink. Women who worked a 40-hour week earned 88% of male earnings.

Then there is the issue of marriage and children. The BLS reports that single women who have never married earned 96% of men's earnings in 2012.

The supposed pay gap appears when marriage and children enter the picture. Child care takes mothers out of the labor market, so when they return they have less work experience than similarly-aged males. Many working mothers seek jobs that provide greater flexibility, such as telecommuting or flexible hours. Not all jobs can be flexible, and all other things being equal, those which are will pay less than those that do not.

Education also matters. Even within groups with the same educational attainment, women often choose fields of study, such as sociology, liberal arts or psychology, that pay less in the labor market. Men are more likely to major in finance, accounting or engineering. And as the American Association of University Women reports, men are four times more likely to bargain over salaries once they enter the job market.

Risk is another factor. Nearly all the most dangerous occupations, such as loggers or iron workers, are majority male and 92% of work-related deaths in 2012 were to men. Dangerous jobs tend to pay higher salaries to attract workers. Also: Males are more likely to pursue occupations where compensation is risky from year to year, such as law and finance. Research shows that average pay in such jobs is higher to compensate for that risk.

While the BLS reports that full-time female workers earned 81% of full-time males, that is very different than saying that women earned 81% of what men earned for doing the same jobs, while working the same hours, with the same level of risk, with the same educational background and the same years of continuous, uninterrupted work experience, and assuming no gender differences in family roles like child care. In a more comprehensive study that controlled for most of these relevant variables simultaneously—such as that from economists June and Dave O'Neill for the American Enterprise Institute in 2012—nearly all of the 23% raw gender pay gap cited by Mr. Obama can be attributed to factors other than discrimination. The O'Neills conclude that, "labor market discrimination is unlikely to account for more than 5% but may not be present at all."

These gender-disparity claims are also economically illogical. If women were paid 77 cents on the dollar, a profit-oriented firm could dramatically cut labor costs by replacing male employees with females. Progressives assume that businesses nickel-and-dime suppliers, customers, consultants, anyone with whom they come into contact—yet ignore a great opportunity to reduce wages costs by 23%. They don't ignore the opportunity because it doesn't exist. Women are not in fact paid 77 cents on the dollar for doing the same work as men.

Administration officials are (very) occasionally challenged on their discrimination claims. The reply is that even if lower average female pay is a result of women's choices, those choices are themselves driven by discrimination. Yet the choice of college major is quite free, and many colleges recruit women into high-paying science or math majors. Likewise, many women prefer to stay home with their children. If doing so allows their husbands to maximize their own earnings, it's not clear that the families are worse off. It makes no sense to sue employers for choices made by women years or decades earlier.

The administration's claims regarding the gender pay gap are faulty, and its proposal to make it easier for women to sue employers for equal pay would create a disincentive for firms to hire women.

Mr. Perry is a scholar at the American Enterprise Institute and professor of economics and finance

In: Economics

Acheron Industries’ fiscal year ends on December 31st. Wages earned from Dec 1 – Dec 31, 2024 totaled $836,000

 

Question 3

Acheron Industries’ fiscal year ends on December 31st. Wages earned from Dec 1 – Dec 31, 2024 totaled $836,000. Wages of $35,000 that were earned between December 15th and December 31st will not be paid until after the first of the year.

Record the journal entry on December 31, 2024.  

Question 4

On October 1, 2024, Tasmanian Traders was paid $217,000 cash for 700 hours of service to be completed within the next 9 months. On December 31, 2024, the cargo company had fulfilled 483 of the required hours.

Record the adjusting entry on December 31, 2024.

Question 9

On January 1, 2024, Diamond Tech issued 10,000 bonds, each with a face value of $1,000, for 98.2911. The company received cash from the sale of the bonds.

Record the complete journal entry from the sale of the bonds below.

Question 10

On January 1, 2024, Fabrikam Labs issued 1,000 bonds, each with a face value of $1,000, for 102.7323. The stated interest is 3.8%, and the market rate at the time the bonds were issued was 3.2%. The bonds are due on January 1, 2029 (5 year term) with interest payments due annually every January 1st. The company received cash from the sale of the bonds.

Record the complete journal entry for the sale of the bonds below.

 

In: Accounting

Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and...

Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company’s revenues and profits from an individual drug once it loses its patent protection. Then identify at least one strategy the company can use to mitigate the losses; be sure to support your suggestion using economic analysis.

In: Economics

When deciding how to respond to discrimination, it is important to consider: Question 25 options: The...

When deciding how to respond to discrimination, it is important to consider:

Question 25 options:

The level of risk for yourself and others

Your understanding of the social injustice in question

Your power in the situation

All of the above

Marginalized youth who have higher levels of critical consciousness are more likely to experience positive life outcomes. Which of the following is a possible explanation for this?

Question 26 options:

Critical consciousness cultivates communication skills

Critical consciousness cultivates strategic thinking

Critical consciousness leads to a better understanding of structural barriers and strategies for navigating those barriers.

All of the above

Critical consciousness is thought to be beneficial at the

Question 27 options:

Individual level only

Community level only

Individual and community level

None of the above

Which of the following is not one of the conditions that are usually necessary for the contact hypothesis to work?

Question 28 options:

Friendship

Intergroup cooperation

Equal status

Support from authorities

Based on Martinez’s article “Seeing More Than Black and White,” what are the Oppression Olympics?

Question 29 options:

Competition among white, black, and Latino people for jobs in a bad economy

Competition among different social groups based on who has most oppressed other people

None of the above

Competition among different social groups based on who is most oppressed

In: Psychology

describe the development of an individual with that condition from the point of an undifferentiated embryo...

describe the development of an individual with that condition from the point of an undifferentiated embryo through birth and following puberty of: Swyer Syndrome (SRY mutations) in XY individual (compare with typical XY)

In: Anatomy and Physiology

For problems 1 and 2, the list shows the results of a study on the use...

For problems 1 and 2, the list shows the results of a study on the use of plus/minus grading at North Carolina State University. It shows the percents of graduate and undergraduate students who received grades with pluses and minuses (for example, C+, A-, etc.)

-Of all students who received one or more plus grades, 92% were undergraduates and 8%

were graduates

- -Of all students who received one or more minus grades, 93% were undergraduates and

7% were graduates

  1. Find the probability that a student is an undergraduate student, given that the student received a plus grade.

  2. Find the probability that a student is a graduate student, given that the student received a minus grade.

In: Statistics and Probability

(Calculating the geometric and arithmetic average rate of​ return)  The common stock of the Brangus Cattle...

(Calculating the geometric and arithmetic average rate of​ return)  The common stock of the Brangus Cattle Company had the following​ end-of-year stock prices over the last five years and paid no cash​ dividends:

Time

Brangus cattle Comapny

1

​$1313

2

99

3

1111

4

2323

5

2929

a.  Calculate the annual rate of return for each year from the above information.

b.  What is the arithmetic average rate of return earned by investing in Brangus Cattle​ Company's stock over this​ period?

c.  What is the geometric average rate of return earned by investing in Brangus Cattle​ Company's stock over this​ period?

d.  Which type of average rate of return best describes the average annual rate of return earned over the period​ (the arithmetic or​ geometric)? ​ Why?

a.  The annual rate of return at the end of year 2 is

nothing​%.

​(Round to two decimal​ places.)

In: Finance