Indicate whether the following statements are TRUE or FALSE and explain your answer fully with an adequate explanation
a)An efficient outcome is desirable because it allows us to make Pareto improvements.
b)Unlike a consumer, a firm does not face a budget constraint.
c)If the wage rate increases, then those who work have a stronger incentive to supply labor.
In: Economics
Suppose the US and Brazil both make computers and shoes. Computers are capital intensive, and the U.S. is capital abundant relative to Brazil. Using the Heckscher-Ohlin model, carefully explain what will happen when both countries trade with each other (your answer should include graphs). Who will be the winners and losers in each country? Why?
In: Economics
Metabolic syndrome is an increasing issue in the US. What factors contribute to development of the syndrome, who is more at risk for this syndrome, and how does this syndrome intersect for higher rates of obesity and the development of increase risks of heart disease, stroke and type 2 diabetes? What pharmacology intervention and interprofessional input may help control aspects of metabolic syndrome?
In: Nursing
Wildlife corridors are sometimes constructed to promote migration between fragmented populations. What does the equation: FST ~ 1/(4Nem + 1) tell us about the potential effect of those corridors on population genetic structure of the populations? Why might the corridors be beneficial to the populations who use them, for both short and long-term persistence?
In: Biology
**PLEASE ANSWER THE FOLLOWING QUESTIONS IN DETAIL, THANK YOU!
How would we decide if media violence actually causes increases in aggression? What types of data/studies would be useful?
If we had those studies, would we resist believing them?
Might there be others who don’t want us to believe the studies?
In: Psychology
A polling organization collected data on a sample of 60 registered voters regarding a tax on the market value of equity transactions as one remedy for the budget deficit.
|
Opinion about Market Tax |
Education |
||
|
High School |
College Grad. |
MBA |
|
|
Favorable |
15 |
5 |
0 |
|
Undecided |
10 |
8 |
2 |
|
Unfavorable |
0 |
2 |
18 |
a. Compute gamma for the table.
b. Compute tau b or tau c for the same data.
c. What accounts for the differences?
d. Decide which is more suitable for these data.
Please answer all parts. Do not copy answers from other source. NEED FULL EXPLANATION. Please paste excel screenshot if you are using it.
In: Statistics and Probability
Suppose marginal benefit from a hectare of for a public park (assume it is a pure public good) for two groups of consumers (A and B) is given by: MBa = 10 − Q and MBb = (8 – Q)/2 where Q is the number of hectares of the park. To simplify our analysis, assume that there are only 1 consumer of each type. The marginal cost to provide the park is a constant $5.
a) What is the socially efficient number of hectares for the park?
b) Assume that the consumers each makes a voluntary contribution to a fund which will be used to build the park. The size of the park depends on the amount of money collected. How many hectares will be built in the end? Assume both consumers know the marginal cost and marginal benefit function of each type.
In: Economics
Springtown Pediatric Association is a partnership of six pediatrician owners, two nurse practitioners, ten nurses, three accounting clerks, two receptionists, and an office manager. The office manager and all of the accounting clerks have their own PCs, and the receptionists share a PC. These PCs are connected through a local area network. They are password protected, and the managing partner keeps a record of all passwords. The practice uses a standard medical-services software package that cannot be modified. Following is a description of the revenues and cash collections processes used in this medical practice: Most patients receive medical attention after insurance coverage has been verified by the office manager. Upon entering the medical office, the patient presents proof of insurance to a receptionist. The insurance documentation is photocopied and immediately forwarded to the office manager for verification (while the patient is in the waiting room). In some situations, the office manager may extend credit on the basis of special circumstances. Approximately 20 percent of the patients pay for services with cash or check at the time of the appointment. The attending physician must prepare a prenumbered service report at the time services are rendered to patients. Completed service reports are immediately forwarded to the first accounting clerk, who updates the report with pricing information. One copy of this report is given to the patient, and the other copy is retained by the second accounting clerk. Depending upon the patient’s form of payment, the second accounting clerk will perform one of the following for each service report: File an insurance claim and record the related insurance company receivable for any reports that are signed by the office manager as a verification of the patient’s insurance coverage. Record a patient receivable for any reports that are designated by the office manager as approved credit. Receive the cash or check from the patient and record the related cash collection in a cash receipts listing. The second accounting clerk prepares a daily summary of patient revenues. The first accounting clerk opens the mail each day and handles insurance company correspondences. When collections are received in the mail from insurance companies and patients, they are forwarded to the second accounting clerk for deposit. The second clerk stamps each check “For Deposit Only” and prepares a daily cash receipts listing (which also includes collections from patients who received services that day). One copy of this list is retained, and a copy is sent to the third accounting clerk. The third clerk prepares the daily bank deposit slip and retains a copy in a chronological file. This clerk also handles patient correspondences and scheduling and maintains a list of patients whose insurance coverage has been approved by the office manager. When patient accounts are not collected within 60 days, the second clerk notifies the office manager, who analyzes the reasons for all instance of nonpayment. When the insurance company rejects the claim, the office manager reclassifies the receivable from an insurance account to a patient account. The second clerk adjusts the insurance company and patient account files for reclassifications and write-offs. This clerk maintains a listing of patients with uncollectible balances and provides an updated copy each week to the third clerk, who will not allow patients with this status to schedule new appointments. Springtown Pediatrics Association uses a local CPA firm to perform various accounting functions. On a monthly basis, the firm posts the daily revenues summaries to the general ledger and prepares a trial balance and monthly financial statements. In addition, this firm accounts for the numerical sequence of service reports, files tax returns and payroll forms, and performs the monthly bank reconciliations. The CPA firm reports directly to the managing partner of the practice. Required: Evaluate the information in each of the following situations as being either an internal control (1) strength, (2) weakness or (3) not a strength or weakness.
1. None of the employees who generate revenues or record revenues are able to write checks.
2. Computer passwords are known only by the individual employees and the managing partner, who has no record-keeping responsibilities.
3. Individual pediatricians document the services they perform on pre-numbered reports that are used for both recording revenues and patient receipts.
4. Insurance coverage is verified by the office manager before medical services are rendered.
5. The bank reconciliation is prepared by an independent CPA firm.
6. The sequence of prenumbered service reports is accounted for on a monthly basis by an independent CPA firm.
7. The second accounting clerk receives cash and checks and prepares the daily deposit.
8. The second accounting clerk maintains the accounts receivable records and can add or delete receivables information on the PC.
9. The second clerk receives the cash and checks and also records cash receipts.
10. Springtown Pediatrics Association is involved only in medical services and does not have diversified business operations.
In: Accounting
A public accounting firm employs 10 full-time professionals who
provide services to clients. All professional labour compensation
is traced directly to clients on a per professional labour-hour
basis. Any other costs are included in a single indirect-cost pool
(same as overhead) and allocated to individual clients according to
billable professional labour-hours.
Operating costs and data for the year included the following:
Estimated Actual
Overhead Costs $1,000,000 $1,200,000
Billable professional
labor hours 40,000 50,000
Total Professional
Compensation 750,000 750,000
1. Calculate the amount of overhead cost underapplied or overapplied.
2. Prepare a summary journal entry to close any underapplied or
overapplied overhead cost to a Cost of Services Provided account
(similar to Cost of Goods Sold account for a manufacturing
company).
3. Explain why overhead was either underapplied or overapplied.
In: Accounting
5. Meier and Frank is a chain of department stores located in the Northwest. The company has issued its own credit cards for a number of years. As a new employee in the finance department, imagine that you have been assigned to a major investigation of the firm’s credit policies designed to reduce bad debt losses. You are requested to investigate the relationship between marital status at the time the card is issued and the subsequent payment record of the individual. You randomly select 100 credit cards issued three years previously. Of the 70 individuals that were married at the time the cards were issued, 11 have defaulted on a payment. Of the 30 individuals who were single when the cards were issued, 7 have defaulted. Do these data present sufficient evidence to indicate that marital status affects credit-worthiness? Use Alpha = 0.05. Solve problem using Minitab as the tool.
In: Math