What are some of the benefits of investing in an IRA, a non IRA, or spending the money.

What about a split decision: investing some and using a bit for a cheaper vacation?

How much should be saved?

Explain what is government spending and what is taxes and why they are important to the government budget?

https://www.cnbc.com/2017/06/09/the-reason-small-business-owners-love-trumps-tax-plan.html

The expansionary fiscal policy, such as the government spending increase. In reality the effectiveness of such an expansionary fiscal policy will likely be limited by numerous factors because of the crowding-out effect. As you may be aware, Fed has kept the interest rate at its lower bound, i.e., close to zero, and in this situation the LM curve becomes completely flat. Use the IS-LM framework to explain whether the government spending increase becomes more or less effective in this particular situation.

A deficit hawk is a fiscal conservative that insists that there must be spending cuts and revenue increases to halt the growing deficit.

A deficit dove believes that concerns about short-term deficits are less important and attempts to shrink them should not override temporary efforts to foster economic growth. Deficits in the short run to halt downturns in the economy are acceptable.

A deficit owl is an individual who believes that the focus of fiscal policy should be on creating full employment and not on the size of the budget deficit and that we never need to balance the budget.

Prepare

Make a post where you declare your allegiance to one of these three perspectives. If you are leaning toward adopting one perspective, find out what the criticisms of this perspective are.

Post a picture of the deficit perspective you most closely align with (be sure to offer photo credit and cite your source), then explain how you came to that decision. What factors did you consider? What facts/data helped you in your decision?

Then, briefly discuss some of the criticisms to this perspectives and whether or not you find the criticisms to be valid.

In our simple models, the multipliers are the same for all spending and the same for all taxes. How do real world multipliers differ? How did they impact fiscal policy in the Obama American Recovery and Reinvestment Act of 2008? What does that tell us about fiscal policy in 2020?

. Does government budget deficit “crowds out”, investment spending?                                                           

Us no more than one paragraph to support your response using economic reasoning

a) What is the effect on spending in the economy caused by changing the interest rate?

b) How are international trade and comparative advantage linked?

Even though Bergeron Wholesale Company is privately held, management has decided that it is worthwhile to have effective internal controls to the extent it is practical in a small company, as a way to reduce the likelihood of error and fraud. They have implemented the following system for acquisitions and payments.

Prenumbered purchase orders are approved by the vice president of finance for all purchases, including both tangible and service acquisitions. When goods are received, the goods are counted and a prenumbered receiving report is prepared with a copy sent to accounting. The goods are stored in the warehouse under the control of the shipping manager. The receiving report is used to update the perpetual records, which include only quantities and are used to determine the need to reorder goods and for control over the physical quantities of inventory. When a vendor’s invoice is received, the chief accountant compares it to the purchase order and, for tangible goods, the receiving report, for both accuracy and appropriateness of the expenditure, and then staples the documents and initials each vendor’s invoice. She then records the transaction in the purchases journal and related records using small business ac-counting software. Password protection is used for all records to prevent unauthorized access.

The chief accountant prepares the checks and updates the cash disbursements journal
using the same accounting software and submits the checks to Bergeron’s president for signature along with all supporting documentation. The president reviews and initials all support before signing checks and mails them to vendors on his way home from work. The controller receives the monthly bank statement directly from the bank and does a detailed reconciliation, including examining electronic copies of cancelled checks and supporting documentation for larger and unusual amounts. The controller also receives the monthly accounts payable listing from the chief accountant, compares the total to the general ledger, initials the listing, and files it. Once each quarter the inventory is counted and compared to the perpetual records, both as a check on record keeping and to determine whether there are inventory losses. Differences are listed, used for discussion with the controller and shipping manager, and filed.

1. List at least ten internal controls in the Bergeron acquisition and payment cycle. Be as specific as possible.
2. For each control, describe one way to test the effectiveness of the control.

Golf and Chi-Square Tests

Discussion

Introduction

This discussion provides a simulated exercise using two of the most popular Chi-Square statistical tests. You are strongly encouraged to complete the textbook reading and start the MyStatLab Homework assignment before beginning this discussion. You need to be familiar with the Chi-Square distribution, its interpretation, and how results are typically calculated and reported together.

In this discussion, you are required to calculate and interpret your findings.

Review the information in each section and participate in the discussion.

Golf Rounds Scenario

As the Director of Golf for the Links Group, you are trying to determine if there is a significant difference in the number of rounds of golf played based on the day of the week. So far, you've gathered the following sample information for 520 rounds.

Now, you need to use the sample to answer these questions. For each question, the null hypothesis is that the cell categories are equal, and the significance level is .05.

• Is there a significant difference in the rounds of golf played during the week? Why is your choice appropriate?
• What is the critical value and number of degrees of freedom for the Chi-Square statistic?
• What is your decision regarding the null hypothesis? Why is your decision appropriate?

Golf Ball Quality Scenario

In addition to determining if there is a significant difference in the number of rounds of golf played based on the day of the week, you also have to determine which brand of "range balls" to buy for use at the driving range. You are looking for the most durable ball that will hold up for an extended period. You obtained samples of 100 golf balls from four different manufacturers, and your teaching professionals tested them for durability. The table shows the numbers of unacceptable and acceptable golf balls by manufacturer.

At the .05 significance level, is there a difference in the durability of the range balls? Why is your decision appropriate?

Additional Instructions

Use Excel or Statdisk to answer the questions posed in both scenarios. Remember, the focus of this discussion is understanding and interpreting two different Chi-Square tests.

n its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 150 units at $8 on January 1, (2) 530 units at $9 on January 8, and (3) 830 units at $11 on January 29.

Assume 1,020 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)