Consider the following study results concerning Age and Church Attendance:
Age
Church Attendance 20-29 30-39 40-49 50-59
Yes 21 63 94 72
No 69 87 106 78
Test to see if the proportion of people who attend church is the same for all age groups (95% confidence).
What is the value of the test statistic?
What is the p-value?
What is your decision concerning the null hypothesis and your conclusion?
In: Statistics and Probability
Use the information in the table
|
State |
Probabilty |
Ret(US) |
Ret(UK) |
Ret(Brazil) |
|
1 |
.30 |
.10 |
.14 |
.06 |
|
2 |
.30 |
.08 |
.07 |
.20 |
|
3 |
.40 |
.14 |
.11 |
.06 |
In: Finance
Create a configuration consists of two different mediums to describe the boundary conditions and specify how the tangential and normal components of the electric fields in one medium are related to the components in other medium across the boundary.
In: Physics
Q1. Price rise at the Daily Mirror
Sly Bailey, the Trinity Mirror Chief Executive, sought to boost revenues of the Daily Mirror in 2004 by increasing the price of the tabloid newspaper by 3p, from 32p to 35p. The move is a sharp U-turn of the policy of Philip Graf, her predecessor, who tried to boost Daily Mirror circulation by cutting the cover price, triggering a price war with its rivals The Sun and the Daily Star. Ms. Bailey ended the price war as soon as she took over at Trinity Mirror in 2003. The Daily Mirror will now cost 5p more than the The Sun, which is owned by News International, parent company of the Times. It appears that The Sun has no immediate plans to increase its price. The Daily Mirror last increases its price in September 1999 but the tabloid newspaper market in the UK is fiercely competitive and it’s not clear what the effect on its circulation will be.
Question:
1. What price elasticity of demand issues are raised in this case study?
In: Economics
Create a class called MovieReducerExtremes that implements MediaReducer. Implement a reducer that takes a movie list and an option ("newest" or "oldest"), then return the newest or oldest movie as appropriate.Submit both the MovieReducerExtremes and the Movie class from the first question.
/////Required Output:///////
Newest\n 2014 AKA Jessica Jones Action \n Oldest\n 1936 Cabaret Music \n
Given Files:
Movie.java
public class Movie extends Media {
public Movie(String name, int year, String genre) {
super(name, year, genre);
}
public String getEra() {
if (getYear() >= 2000) {
return "New Millennium Era";
} else if (getYear() >= 1977) {
return "Modern Era";
} else if (getYear() >= 1955) {
return "Change Era";
} else if (getYear() >= 1941) {
return "Golden Era";
}
return "Pre-Golden Era";
}
public boolean wasReleasedAfter(Media other) {
return getYear() > other.getYear();
}
public boolean wasReleasedBeforeOrInSameYear(Media other) {
return getYear() <= other.getYear();
}
}
Demo3.java
import java.io.FileNotFoundException;
import java.util.ArrayList;
public class Demo3
{
public static void main(String[] args) throws FileNotFoundException {
ArrayList movies = MovieLoader.loadAllMovies();
MediaReducer op = new MovieReducerExtremes();
System.out.println("Newest");
System.out.println(op.reduce(movies, "Newest"));
System.out.println("Oldest");
System.out.println(op.reduce(movies, "Oldest"));
}
}
Media.java
public abstract class Media {
private String name;
private int year;
private String genre;
public Media(String n, int y, String g) {
name = n;
year = y;
genre = g;
}
public String getName() {
return name;
}
public int getYear() {
return year;
}
public String getGenre() {
return genre;
}
public String toString() {
return String.format("%5d %-55s %-15s", year, name, genre);
}
//if the media was released on or after the year 2000, return New Millennium Era
//if the media was released on or after the year 1977, return Modern Era
//if the media was released on or after the year 1955, return Change Era
//if the media was released on or after the year 1941, return Golden Era
//in any other situation, return Pre-Golden Era
public abstract String getEra();
//return true if this media has a greater release year than the other's
public abstract boolean wasReleasedAfter(Media other);
//return true if this media was a lesser or equal release yearn than the other's
public abstract boolean wasReleasedBeforeOrInSameYear(Media other);
}
MovieLoader.java
import java.io.File;
import java.io.FileNotFoundException;
import java.util.ArrayList;
import java.util.Scanner;
public class MovieLoader {
public static ArrayList loadAllMovies() throws FileNotFoundException {
File f = new File("movie_list.txt");
Scanner inputFile = new Scanner(f);
ArrayList result = new ArrayList<>();
while (inputFile.hasNextLine()) {
String name = inputFile.nextLine();
int year = inputFile.nextInt();
//skip new line
inputFile.nextLine();
String genre = inputFile.nextLine();
Media m = new Movie(name, year, genre);
result.add(m);
}
return result;
}
}
MediaReducer
import java.util.ArrayList;
public interface MediaReducer {
public String reduce(ArrayList list, String key);
}
A couple from the movie_list.txt
!Next? 1994 Documentary #1 Single 2006 Reality-TV #ByMySide 2012 Drama #Follow 2011 Mystery #nitTWITS 2011 Comedy $#*! My Dad Says 2010 Comedy $1,000,000 Chance of a Lifetime 1986 Game-Show $100 Makeover 2010 Reality-TV $100 Taxi Ride 2001 Documentary $100,000 Name That Tune 1984 Game-Show $100,000 Name That Tune 1984 Music $2 Bill 2002 Documentary $2 Bill 2002 Music $2 Bill 2002 Music $2 Bill 2002 Music $2 Bill 2002 Music $25 Million Dollar Hoax 2004 Reality-TV $40 a Day 2002 Documentary $5 Cover 2009 Drama $5 Cover: Seattle 2009 Drama $50,000 Letterbox 1980 Game-Show $9.99 2003 Adventure $weepstake$ 1979 Drama ' Horse Trials ' 2011 Sport '80s Videos: A to Z 2009 Music 'Allo 'Allo! 1982 Comedy 'Allo 'Allo! 1982 War 'Conversations with My Wife' 2010 Comedy 'Da Kink in My Hair 2007 Comedy 'Da Kink in My Hair 2007 Drama 'More strasti' 2000 Romance 'Ons Sterrenkookboek' 2007 Documentary 'Orrible 2001 Comedy 'Orrible 2001 Crime 'Orrible 2001 Drama 'S ann an Ile 2009 Documentary 'Sang linggo nAPO sila 1995 Game-Show 'Sang linggo nAPO sila 1995 Musical 'T Wilhelmina 1975 Comedy 'Til Death Do Us Part 2006 Crime 'Til Death Do Us Part 2006 Drama 'Til Death Do Us Part 2006 Fantasy 'Til Death Do Us Part 2006 Romance 'Til Death Do Us Part 2006 Thriller 'Til Death 2006 Comedy 'Untold 2004 Documentary 'Wag kukurap 2004 Horror 'Way Out 1961 Drama 'Way Out 1961 Horror 'Way Out 1961 Sci-Fi 'n Shrink 2009 Comedy 't Is maar TV 1999 Comedy 't Is maar TV 1999 Game-Show 't Is maar een spel 2002 Comedy 't Is maar een spel 2002 Game-Show 't Schaep Met De 5 Pooten 1969 Comedy 't Schaep Met De 5 Pooten 2006 Comedy 't Schaep Met De 5 Pooten 2006 Drama 't Zal je gebeuren... 1998 Drama 't Zonnetje in huis 1993 Comedy (S)truth 1999 Drama + Clair 2001 Documentary + Emprendedores mi+d 2010 Documentary + Investigadores 2008 Documentary + de cin�ma 2001 Documentary + de cin�ma 2001 News ... ins Gr�ne! Das Stadt-Land-Lust-Magazin 2010 Documentary ... und basta! 2006 Comedy ... und basta! 2006 Music ... und die Tuba bl�st der Huber 1981 Comedy
In: Computer Science
Which would be the consequences for the UK and Europe if the UK were to opt for a no deal Brexit? Discuss.
In: Economics
CASE: HAROLD DAVIS and ENID DAVIS, Plaintiffs-Appellants, v. UNITED STATES OF AMERICA, Defendant-Appellee UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT 861 F.2d 558 November 14, 1988 Plaintiff-appellants Harold and Enid Davis claimed charitable deductions under IRC section 170 for funds they sent to their two sons for their support while they served as full-time unpaid missionaries for the Church of Jesus Christ of LatterDay-Saints at the New York City Mission and at the New Zealand/Cook Islands Mission. These deductions were disallowed by the IRS. BACKGROUND A primary activity of the Church is its worldwide missionary program. Over 25,000 individuals have participated annually since 1977. Missionaries typically serve the Church for two years at a location assigned by the Church. Missionary work is uncompensated, but the Church will pay mission-related expenses if the missionary is unable to support himself or obtain the necessary funds from his family. Most missionaries are between the ages of nineteen and twenty-two; many receive payments from their parents to defray their living expenses. After an individual is "called" by the Church to serve as a missionary the Church advises parents of the amount that it believes will be necessary to provide for the missionary's support and requests their assistance. The life of a missionary is closely supervised. Mission rules prohibit missionaries from dating, attending movies or plays, or engaging in various sports or other activities. Missionaries are required to submit weekly reports detailing the time spent in Church service and explaining their expenses for the week. The Missionary Handbook contains the following admonition: "The money received for your support is sacred and should be spent wisely and only for necessary work. Keep expenses at a minimum. Keep records of all expenditures." The Church gives several reasons for its preference not to collect and distribute contributions for its missionaries. First, the Church feels that direct contributions to missionaries foster the Church doctrine of sacrifice and consecration. Second, the Church believes that direct transmittal promotes frugality by missionaries because of their awareness of the personal sacrifices that are being made on their behalf. Third, direct transmittal reduces the administrative and bookkeeping expenses that would otherwise be imposed on the Church. The appellants' sons, Benjamin and Cecil, both were "called" by the Church to serve as missionaries when they became nineteen years old. During 1980 and 1981 the appellants transferred $3480 and $4135 to Benjamin. Benjamin used this money primarily for living expenses. During 1981 appellants transferred $1518 to Cecil. Cecil also used this money primarily to pay his living expenses. The appellants filed two amended tax returns for 1980 and 1981, claiming as charitable contributions the full amounts they sent to their sons. DISCUSSION A. Applicable Law We take judicial notice of the fact that the Church is a qualified religious organization to which deductible contributions can be made. Internal Revenue Service Publication No. 78, Cumulative List of Organizations 216 (1984). Under Section 170, deductions are allowed for contributions "to or for the use of" qualified organizations. The requisite elements are that (1) the transfer of property is made with no expectation of a quid pro quo, (2) it is made to a qualified recipient, and (3) it is made "to or for the use of" the qualified recipient. The appellants argue that the payments to their sons were "for the use of" the Church and therefore deductible as charitable contributions. The government argues that the expenditures were not charitable contributions because they were never within the physical control of the Church. B. Charitable Contributions In situations where a taxpayer has claimed a charitable deduction for funds that have been earmarked for a specific individual, courts have considered whether the charity exercises control over the use of the funds. The appellants claim that actual control by the charity is a factor to be considered, but should not be required in all cases. The government responds that the deduction should be disallowed because the contributions were received directly by the missionaries from the taxpayer parents and were neither to nor for the use of the Church. The better reasoned approach, we feel, is to require that the recipient charity have control over the donated funds. The control gauge stems from the basic requirement that the beneficiary of a charitable contribution must be indefinite. When a taxpayer intends a contribution for a specific purpose, or even a specific individual, but the charity retains control over the funds, this requirement is satisfied. But when a taxpayer makes a contribution directly to the intended beneficiary so that the charity never possesses the funds, let alone controls their use, there can be no guarantee that the beneficiary will be indefinite. See Barry's Estate v. Commissioner, 311 F.2d 681 (9th Cir. 1982) (property bequeathed to member of Jesuit Order, as opposed to Order itself, not deductible though legatee obligated by Canon law to transfer property acquired to the Order). Here the charity lacked actual control over the funds. Contributions were deposited directly into the personal checking accounts of the taxpayers' sons. While the Church admonished the missionaries to spend their money wisely, the use to which the funds were put was solely within the control of the missionaries. CONCLUSION We do not question the high ideals of the Church or the valuable services it performs in connection with its missionary program. We are constrained by the law, however; and it is up to the legislature to provide the remedy that is sought by the appellants. The decision of the lower court is affirmed.
Question: The brothers Davis bravely did missionary work for the LDS Church. Their parents supported them financially. Discuss how you, as the Davis family’s CPA, would have argued to the IRS auditor (or the court) that the amounts paid by the Davis parents were properly deductible as charitable contributions.
In: Accounting
|
Current Account |
Balance of Goods (exports/imports) |
|
Balance of Services (exports/imports) |
|
|
Balance of Income (receipts/expenditures) |
|
|
Capital Account |
(receipts/expenditures) |
|
Financial Account |
Official Reserve Assets (inflow/outflow) |
|
Other Assets – Foreign Direct Investment, Portfolio Investment, Loans, ... (inflow/outflow) |
|
|
Statistical Discrepancy |
TABLE 2. RECORDING INTERNATIONAL TRANSACTIONS IN THE
BoP
|
TRANSACTION |
BALANCE OF PAYMENTS ACCOUNT AND SIGN (+/-) |
|
1. Export of goods to Germany. |
Current Account, Balance of Goods (+) |
|
2. Import of goods from US |
|
|
3. Import of insurance from Italy |
|
|
4. North-american tourits’ expenditures in the UK |
|
|
5. Expenditures of UK tourists in China |
|
|
6. Remittances from Indian citizens, resident in the UK |
|
|
7. UK direct investments in Saudi Arabia |
|
|
8. Interest received from UK investments in Argentina |
|
|
9. A citizen of Morocco buys UK Government Bonds. |
|
|
10. Interest payments for foreign direct investment in UK |
|
|
11. A patent is bought from France with a loan |
|
|
12. Humanitarian aid to Third World Countries |
In: Economics
I really would appreciate it if someone could provide me with the Excel formulas to calculate the last five (5) columns of the spreadsheet listed below.
| # of Trading Days Before/After Event Date | DATE |
Closing Prices Procter&Gamble |
MKT-Rf | Rf | Returns Honeywell | Expected Returns Procter&Gamble (ER) | Abnormal Returns Procter&Gamble (AR) | AR t-test | AR Significant (Y/N) ? | Cumulative Abnormal Returns Procter&Gamble (CAR) |
| -270 | 1/2/2004 | 49.4950 | -0.17 | 0.003 | ||||||
| -269 | 1/5/2004 | 49.7400 | 1.2 | 0.003 | 0.4950056 | |||||
| -268 | 1/6/2004 | 49.4900 | 0.2 | 0.003 | -0.5026136 | |||||
| -267 | 1/7/2004 | 49.0500 | 0.34 | 0.003 | -0.8890745 | |||||
| -266 | 1/8/2004 | 49.5650 | 0.45 | 0.003 | 1.0499491 | |||||
| -265 | 1/9/2004 | 49.8200 | -0.72 | 0.003 | 0.514478 | |||||
| -264 | 1/12/2004 | 50.1250 | 0.57 | 0.003 | 0.6122039 | |||||
| -263 | 1/13/2004 | 49.8500 | -0.51 | 0.003 | -0.5486324 | |||||
| -262 | 1/14/2004 | 50.0150 | 0.8 | 0.003 | 0.330995 | |||||
| -261 | 1/15/2004 | 49.7550 | 0.15 | 0.003 | -0.5198401 |
In: Finance
There have been several recent cases of a CEO or CFO resigning or being ousted for misrepresenting academic credentials. For instance, during February 2006, the CEO of RadioShack resigned by “mutual agreement” for inflating his educational background. During 2002, Veritas Software Corporation’s DFO resigned after claiming to have an MBA from Stanford University. On the other hand, Bausch & Lomb Inc.’s board refused the CEO’s offer to resign following a questionable claim to have an MBA.
Suppose you have been retained by the board of a company where the CEO has ‘overstated’ credentials. This company has a code of ethics and conduct which states that the employee should always do “the right thing.”
(a) What is the board of directors’ responsibility in such matters?
(b) What arguments would you make to ask the CEO to resign? What damage might be caused if the decision is made to retain the current CEO?
In: Accounting