1. Suppose you want to counter a claim made in class by Professor Jim Battista that Republicans care less about education than Democrats do. After a recent PSC 200 class on difference of means tests, you collect data on the 2010-2015 change in the property tax rate for counties with Republican-controlled
governments, R ~ N(μ ,s 2 ), and those with Democrat-controlled governments, D ~ N(μ ,s 2 ). iRR iDD
Given that the majority of public elementary and secondary school funding comes from property taxes, change in property taxes serves as a measure of local government concern for education. Based on a
random sample of 31 Republican-controlled counties, you find that R = 4.8 and s R = 12.6 . Based on a
random sample of 41 Democrat-controlled counties, you find that D = 10.3 and s D = 10.2 . Using these sample estimates, test the null hypothesis at the 5% significance level that there is no partisan difference in the 2010-2015 change in the property tax rate, i.e., μ D - μ R = 0 . [12 points]
In: Statistics and Probability
in "From the Housing Bubble to Housing Bust" in the module, which is true?
Group of answer choices
the housing bubble burst in 2010
financial markets reacted to the housing bubble burst by increasing loans
with low housing prices in 2010, homes were quickly purchased.
housing sales dropped dramatically between 2005 and 2008
In: Economics
A 180 day promissory note dated September 14th, 2010 is made at 5.25% for $1665. What are the proceeds of the note if it is sold on December 9th , 2010 and money is worth 6% simple interest?
Use six decimal places for any intermediate calculations and round the final answer to 2 decimal places. (e.g., 0.00)
In: Finance
Ting, D. S., Liu, Y., Burlina, P., Xu, X., Bressler, N. M., & Wong, T. Y. (2018). AI for medical imaging goes deep. Nature medicine, 24(5), 539-540.
2. Pesapane, F., Codari, M., & Sardanelli, F. (2018). Artificial intelligence in medical imaging: threat or opportunity? Radiologists again at the forefront of innovation in medicine. European radiology experimental, 2(1), 35.
3. Lewis, S. J., Gandomkar, Z., & Brennan, P. C. (2019). Artificial Intelligence in medical imaging practice: looking to the future. Journal of Medical Radiation Sciences, 66(4), 292-295.
4. Alexander, A., Jiang, A., Ferreira, C., & Zurkiya, D. (2020). An intelligent future for medical imaging: a market outlook on artificial intelligence for medical imaging. Journal of the American College of Radiology, 17(1), 165-170.
5. Ranschaert, E. R., Morozov, S., & Algra, P. R. (Eds.). (2019). Artificial Intelligence in Medical Imaging: Opportunities, Applications and Risks. Springer.
Please write short summary for each link around 15-20 lines (paragraph)
In: Computer Science
| Consolidated Statements of Income | |||
|---|---|---|---|
| Years ended December 31 ($ millions) | 2010 | 2009 | 2008 |
| Net sales | $26,662 | $23,123 | $25,269 |
| Operating expenses | |||
| Cost of sales | 13,831 | 12,109 | 13,379 |
| Selling, general and administrative expenses | 5,479 | 4,907 | 5,245 |
| Research, development and related expenses | 1,434 | 1,293 | 1,404 |
| Loss/(gain) from sale of business | -- | -- | 23 |
| Total operating expenses | 20,744 | 18,309 | 20,051 |
| Operating income | 5,918 | 4,814 | 5,218 |
| Interest expenses and income | |||
| Interest expense | 201 | 219 | 215 |
| Interest income | (38) | (37) | (105) |
| Total interest expense | 163 | 182 | 110 |
| Income before income taxes | 5,755 | 4,632 | 5,108 |
| Provision for income taxes | 1,592 | 1,388 | 1,588 |
| Net income including noncontrolling interest | 4,163 | 3,244 | 3,520 |
| Less: Net income attributable to noncontrolling interest | 78 | 51 | 60 |
| Net income | $ 4,085 | $ 3,193 | $ 3,460 |
| Consolidated Balance Sheets | ||
|---|---|---|
| ($ millions) | 2010 | 2009 |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 3,377 | $ 3,040 |
| Marketable securities-current | 1,101 | 744 |
| Accounts receivable-net | 3,615 | 3,250 |
| Inventories | ||
| Finished goods | 1,476 | 1,255 |
| Work in process | 950 | 815 |
| Raw materials and supplies | 729 | 569 |
| Total inventories | 3,155 | 2,639 |
| Other current assets | 967 | 1,122 |
| Total current assets | 12,215 | 10,795 |
| Marketable securities-noncurrent | 540 | 825 |
| Investments | 146 | 103 |
| Property, plant and equipment | 20,253 | 19,440 |
| Less: Accumulated depreciation | (12,974) | (12,440) |
| Property, plant and equipment-net | 7,279 | 7,000 |
| Goodwill | 6,820 | 5,832 |
| Intangible assets-net | 1,820 | 1,342 |
| Prepaid pension benefits | 74 | 78 |
| Other assets | 1,262 | 1,275 |
| Total assets | $ 30,156 | $ 27,250 |
| Liabilities | ||
| Current liabilities | ||
| Short-term borrowings and current portion of long-term debt | $ 1,269 | $ 613 |
| Accounts payable | 1,662 | 1,453 |
| Accrued payroll | 778 | 680 |
| Accrued income taxes | 358 | 252 |
| Other current liabilities | 2,022 | 1,899 |
| Total current liabilities | 6,089 | 4,897 |
| Long-term debt | 4,183 | 5,097 |
| Pension and postretirement benefits | 2,013 | 2,227 |
| Other liabilities | 1,854 | 1,727 |
| Total liabilities | 14,139 | 13,948 |
| Equity | ||
| 3M Company shareholders' equity: Common stock, par value $.01 per share; | 9 | 9 |
| Additional paid-in capital | 3,468 | 3,153 |
| Retained earnings | 25,995 | 23,753 |
| Treasury stock | (10,266) | (10,397) |
| Accumulated other comprehensive income (loss) | (3,543) | (3,754) |
| Total 3M Company shareholders' equity | 15,663 | 12,764 |
| Noncontrolling interest | 354 | 538 |
| Total equity | 16,017 | 13,302 |
| Total liabilities and equity | $ 30,156 | $ 27,250 |
Compute return on equity (ROE) for 2010. (Round your answers to two decimal places. Do not round until your final answer.)
2010 ROE =Answer%
(f) What is the nonoperating return component of ROE for 2010? (Round your answers to two decimal places.)
Hint: Use your prior rounded answers to compute
this answer.
2010 nonoperating return =Answer%
In: Accounting
Draw a graph
The US has 10% inflation and 3% unemployment. Apply Monetary Policies
Show the application of the policies on the following, in this order:
Production Possibilities Curve (before = the situation, after = policies applied)
Money Market (as the policies are applied)
Loanable Funds (as the policies are applied)
Investment Demand (as the policies are applied)
Aggregate Model (before = the situation, after = policies applied)
In: Economics
On 1 July 2019, Batman Ltd acquired all the issued shares (cum div.) of Robin Ltd for $150 000. At this date the equity of Robin Ltd consisted of:
Share capital $75 000
Retained earnings $22 500
At this date, Robin Ltd had recorded a dividend payable of $22 500 which was paid in August 2019. All the identifiable assets and liabilities of Robin Ltd were recorded at amounts equal to fair values except for inventory for which the fair value was $3 000 greater than carrying amount. Only 10% of the inventory on hand at 1 July 2019 remained unsold by 30 June 2020. The tax rate is 30%.
During the 2019–20 period, the following transactions occurred.
(a) Batman Ltd sold inventory to Robin Ltd for $90 000 at a profit before tax of $18 000. At 30 June 2020, inventory which was sold to Robin Ltd for $37 500 at a profit before tax of $7 500 was still on hand in the records of Robin Ltd.
(b) On 1 January 2020, Batman Ltd sold machinery to Robin Ltd at a gain of $15 000. The machinery was considered to have a further 5-year life.
(c) During the period Robin Ltd rented a warehouse from Batman Ltd, paying $3 750 in rent to Batman Ltd.
(d) During the period Batman Ltd recorded gains from revaluation of land, which is measured using the fair value method. These gains increased the asset revaluation surplus by $6 000 to give a balance of $42 000 at 30 June 2020.
(e) In June 2020, an impairment test was conducted on Robin Ltd and resulted in the recognition of impairment losses on goodwill of $24 000 (recognised in other expenses)
The following financial information was provided by the companies at 30 June 2020:
|
Batman Ltd |
Robin Ltd |
|
|
Sales revenue |
$187 500 |
$177 000 |
|
Dividend revenue |
7 500 |
— |
|
Other income |
7 500 |
15 000 |
|
Gains on sale of non-current assets |
7 500 |
15 000 |
|
Total income |
210 000 |
207 000 |
|
Cost of sales |
(157 500) |
(135 000) |
|
Other expenses |
(22 500) |
(7 500) |
|
Total expenses |
(180 000) |
(142 500) |
|
Profit before income tax |
30 000 |
64 500 |
|
Income tax expense |
(10 125) |
(14 625) |
|
Profit for the year |
19 875 |
49 875 |
|
Retained earnings (1/7/19) |
45 000 |
22 500 |
|
64 875 |
72 375 |
|
|
Dividend paid |
(18 750) |
(7 500) |
|
Retained earnings (30/6/20) |
$46 125 |
$64 875 |
Required:
A. Prepare the acquisition analysis and journals at 1 July 2019.
In: Accounting
In a test of the effectiveness of garlic for lowering cholesterol, 43 subjects were treated with garlic in a processed tablet form. Cholesterol levels were measured before and after the treatment. The changes (before−after) in their levels of LDL cholesterol (in mg/dL) have a mean of 5.7and a standard deviation of 17.7Construct a 90% confidence interval estimate of the mean net change in LDL cholesterol after the garlic treatment. What does the confidence interval suggest about the effectiveness of garlic in reducing LDL cholesterol?
In: Math
What are the theories of Profit in Economics? Name them.
What is meant by Dynamic Theory, Risk-bearing Theory, Uncertainty Bearing Theory and Schumpeter's Innovation Theory? Illustrate these theoris one by one.
In: Economics
Describe a future innovation that you envision may occur during your Mechanical Engineering career (next 40 years), and what your engineering role would be in its development and/or production?
In: Mechanical Engineering