In auditing, which accounts/assertions will have the highest inherent risk for a food and beverage company? Please provide examples.
In: Accounting
According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who make the highest incomes
In: Economics
Which is the most regressive, based upon the difference in effective rates between the lowest and highest family income quintiles?
In: Finance
A new casino game involves rolling 3 dice. The winnings are directly proportional to the total number of sixes rolled. Suppose a gambler brings his own dice and plays the game 100 times, with the following observed results (number of sixes, number of rolls): (0, 48), (1, 35), (2, 15), (3, 3). The casino becomes suspicious of the gambler and asks you to determine whether the dice are fair. If the dice are fair, you would expect the probability of rolling a 6 on any given toss to be 1/6. Assuming that the number of sixes in the three rolls are independent, the number of sixes in three rolls should follow a Binomial Distribution with n=3 and p=1/6. Using a level of significance of 0.01, what is the calculated value of the statistic for goodness of fit? You must use the Binomial Distribution to calculate the number of expected occurrences for each value of x. Remember to group observed and expected frequencies, if necessary. Round answer to 3 significant figures.
In: Statistics and Probability
The population mean number of hours a group watched TV was 10.5 with a standard deviation of 3.6. A random sample of 36 individuals from the group was selected and the number of hours each watched TV was obtained. Consider the statistic the sample mean number of hours the studied group of 36 watched TV.
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In: Statistics and Probability
Suppose that the federal government has decided that air pollution produced by gasoline should be reduced. To achieve this objective, the federal government is considering the introduction of an additional tax of 50 cents per litre on gasoline.
In: Economics
Suppose that the federal government has decided that air pollution produced by gasoline should be reduced. To achieve this objective, the federal government is considering the introduction of an additional tax of 50 cents per litre on gasoline.
In: Economics
Suppose that the federal government has decided that air pollution produced by gasoline should be reduced. To achieve this objective, the federal government is considering the introduction of an additional tax of 50 cents per litre on gasoline. Using a demand and supply diagram illustrate the effect of such a tax on the price of gasoline. Will the consumers of gasoline or the producers of gasoline bear the highest tax burden (incidence)? Explain under what conditions this policy will be the most effective? Under what assumption about the elasticity of demand will tax revenues be the highest? Explain your answer.
In: Economics
Consider the following two income redistribution proposals. Discuss the issues to be considered when thinking about adopting these proposals from the Utilitarian and Rawlsian viewpoints.
A) The plan ends of taking $5.6 milllion from the highest 10% income households and $400,000 from the lowest 50% income households and ends up giving $5.5 milllion to the remaining households in the economy.
B) The plan takes $7 million from the highest 20% income households and ends up giving $2 million to the lowest 20% households.
In: Economics
The following shows some organic compounds. CH3CH2OCH2CH3,CH3CH2CH2CH2OCH, CH3CH2CH2CHO,CH3CH2CH2CH2CH3, C(CH3)4, CH3CH2CH2CH2Cl, (CH2)4O a.Which of the listed molecules has the highest boiling point? Explain your answer with molecular structure. b. Which of the listed molecule has the highest vapor pressure at 25C? Explain your answer with molecular structure. c. Diethyl ether (CH3CH2OCH2CH3) and butyraldehyde (CH3CH2CH2CHO) are both polar compounds, but diethyl ether has much lower boiling point than butytaldehyde. Explain why with molecular structures.
In: Chemistry